20 Money Saving Tips (for Canadians) That Everyone Forgets

May 26, 2015

Save money with these tipsThe act of saving money can seem like a daunting and intimidating task, but it’s lot easier than you think.

Saving money even in the smallest way can add up and leave you with more money in your pocket. There are plenty of tips that may have slipped your mind over the years. A lot of these tips are simple and require little to no effort that you’ll wonder why you ever lost track of them.

Car Money Saving Tips

Owning a car is already a big enough expense on its own. Here are a few simple money saving car tips that you should definitely consider.

  • Shop around for cheaper car insurance rates. By our estimation you could save up to $670.
  • Keep your tires inflated properly. This not only improves gas mileage (meaning you’ll spend less at the pumps) but under-inflated tires are at a higher risk of blowing out.
  • Drive efficiently. Accelerating gently, maintaining a steady speed (within the limit of course, to avoid tickets) and anticipating traffic are all ways that reduce the amount of gas that’s being consumed.
  • Pay attention to your car’s oil. Oil, like gasoline, is critical to keep your car moving; engine oil keeps all of your car’s parts moving and without it your car will grind to a halt and potentially end up costing you dearly.
  • Find a good mechanic. A good mechanic can help you keep your car maintenance costs low by ensuring that your car is running in tip top shape.

Around the Home Tips

Save money around the homeOwning a home comes with many associated costs. There are a few tips and tricks that you can do around the house that can save you some money.

  • Shop around for the best home insurance rate. (We’re ComparaSave after all.)
  • Try and avoid doing laundry and using the dishwasher during “peak times” when you’re charged more for the energy you’re using.
  • Install CFL or LED lightbulbs because the cost of one of these bulbs can save you three times its purchase price in electricity.
  • Purchase a programmable thermostat. This enables you to pre-program what you want the heat or A/C temperature to be when you’re sleeping or at work, when you don’t need it to be as warm or as cool in the house.
  • Unplug any unused electrical devices because many devices if plugged in, but turned off, still draw power when not in use.

Travelling Tips

Travelling Saving TipsTaking a trip can be quite costly. If and when you decide to travel, it’s important to travel smart. Travelling smart allows you to make the most out of your trip and your money. Here’s a list of travelling tips to save you some money.

  • Travel with travel insurance because without it an unexpected illness could be costly.
  • Travel light avoiding any extra baggage fees or exceeding airline weight limits.
  • Get a travel package for your phone to avoid roaming fees.
  • Get a travel rewards card if you don’t already have one.
  • Travel-sized toiletries are pricey. Buy empty travel-sized containers from the dollar store that you can fill with your favourite product. You’ll save money in the long run.

Day-to-Day Tips

There are day-to-day money saving tips. These tips should definitely be kept in mind as they are easy to do.

  • Avoid banking fees by going to your banks own ATM.
  • Take transit (avoid paying for parking and gas) or if possible, walk.
  • Buy your lunch less and BYOC (bring your own coffee).
  • Price match and/or use coupons (there are a variety of mobile flyer and coupon apps).
  • Save your change, at the end of the day put it into a jar.

Even just incorporating a few of these tips into your daily routine can really make an impact. Sometimes it’s the littlest changes that can make the most difference. What’s great about these tips are that they don’t require any major lifestyle changes, making them easier to commit and stick to!

Have tips you’d like to share? Post them, we’d love to hear from you.