It’s that time of year when we take stock and think about things we can change to make our lives better. Although New Year’s resolutions sometimes get a bad rap, a little introspection is a good thing if it provides us with a framework for bettering ourselves.
The most common New Year’s resolutions are usually fitness related and with good reason- what’s more important than your health, right? We’re inundated with fitness and weight loss related messages after the Holidays- maybe because we feel a bit guilty after indulging in all those great meals and treats (that Toblerone won’t eat itself).
Another very common New Years resolution is improving one’s financial situation. So yes, go back to the gym but you should also be thinking about how you can save more. There are many good reasons why you should save your money but in order to save, you need to spend less first and it can sometimes be tricky to know where to look in your budget. To help out, here are 5 tips to consider.
1. Brown bag it.
It’s estimated that you can save up to $3000 per year simply by bringing your own lunch to work or school. This is also a good way to tie in your fitness or health related resolution- if you’re planning meals, you are less likely to go off track. It may be tempting to join your peers everyday when they go out to lunch, but stick with it, it will pay off in the long run.
2. Buy in bulk.
Although this one can be tricky because it requires planning and discipline, there is no doubt that you spend a lot less if you buy in bulk. The key is to identify items that you know you will use and that you won’t get sick of. If you buy a crate of Cherry Pop Tarts- make sure it’s your ‘If I was stranded on a desert island…” food, since too much of that runs counter to your health and fitness resolution.
3. Set up alerts and avoid late fees.
Setting up smartphone alerts is a great way to stay organized. Getting hit with late payment fees when you miss a credit card or bill payment can throw off your budget and can also have a negative impact on your credit score. Create smartphone alerts for bill payments, to make sure you’re staying on top of everything. Paying your bills on time will help you avoid late payment fees and will reduce the risk of an interest rate hike if you are carrying balances on your credit card accounts.
4. Stop collecting and start selling.
Collecting all those Beanie Babies may have seemed like a great investment at the time, but as trends change, the value of collectibles can fluctuate dramatically.
Depending on how important your collectibles are to you, you may want to consider selling them and finding a less expensive hobby. There are many different options out there if you’re interested in selling your unwanted stuff.
5. Bundle your High Speed Internet Service, TV and Home Phone
Home telecommunications services, such as High Speed Internet, are central to modern life and just as important as other utilities such as power and gas. If you are making an effort to spend less and save more, there is no doubt that these services are absolutely necessary to staying connected and minimizing how much you spend on other entertainment. Rather than spending big bucks going to the movies, you may rely on your TV service or use your High Speed Internet to stream videos, watch shows and movies or play games.
When you are considering which High Speed Internet Provider you will trust to help you save while staying connected, we suggest that the single most important factor to consider is flexibility or range of options. Choosing a provider that offers a mix of Unlimited and Capped High Speed Internet plans or different channel packages will save you the hassle of changing providers when your needs or budgetary realities change. Also, if you still have a land line for home phone service, you can save a ton of money bundling all of your services and going Digital with your phone. Does your provider offer all the services you need in your neighbourhood?
Does your provider offer both DSL and Cable High Speed Internet to ensure you always have access to the best technology for your particular neighbourhood and your home? Do they offer a range of options for bundling your services so you can save even more?
With almost 30 years of experience providing telecommunications services to Canadians, Distributel offers a unique consultative approach to the services we offer. With an unwavering commitment to fairness, simplicity and innovation, Distributel offers the best overall value in the industry.