{"id":298,"date":"2020-01-09T03:40:54","date_gmt":"2020-01-09T03:40:54","guid":{"rendered":"https:\/\/globepm.frstage.ca\/blog\/save-more-by-cutting-these-7-expenses\/"},"modified":"2026-01-14T17:15:10","modified_gmt":"2026-01-14T17:15:10","slug":"save-more-by-cutting-these-7-expenses","status":"publish","type":"post","link":"https:\/\/globepm.frstage.ca\/fr\/blog\/save-more-by-cutting-these-7-expenses\/","title":{"rendered":"Save More by Cutting These 7 Expenses"},"content":{"rendered":"\n
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In theory, we all know we should be prudent with our finances and save money for rainy days and retirement. However, putting this into practice is easier said than done, when the cost of living is increasing every year and wages are hardly keeping up. <\/p>\n\n\n\n

With all the bills that need to be paid every month, the average Canadian is more than likely to end up in debt. It may seem impossible to save money, but don\u2019t worry, where there\u2019s a will, there\u2019s a way to keeping your finances healthy! Here are a few expenses you can cut out of your life to save money: <\/p>\n\n\n\n

Eating out too much<\/strong><\/h3>\n\n\n\n

Many people don\u2019t realize how much they\u2019re spending on take-outs and restaurants. A simple $10 lunch or a $35 dinner at the restaurant may not sound like a lot at first, but when you consistently eat out, the costs add up quickly.<\/p>\n\n\n\n

Take a look at your dining habits for the year and you may be surprised at how much you\u2019re spending eating out. This could cost even more when you\u00a0live in an expensive city like Vancouver\u00a0or Toronto<\/a>.<\/p>\n\n\n\n

It\u2019s not to say you should stop eating out altogether. We all want to enjoy life and dining out is one form of entertainment, especially when we want to catch up with friends. Instead, create a good balance between going out and cooking meals at home to save money. You could plan potlucks with your friends and enjoy life without spending a lot of money.<\/p>\n\n\n\n

Consider reviewing your food bill (plus your groceries) to see how much you\u2019re really spending each year.<\/p>\n\n\n\n

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Falling for convenience <\/h3>\n\n\n\n

With today\u2019s technology, it\u2019s easier than ever to satisfy our need for instant gratification. Just like the trap of eating out, when hunger strikes, we can get food delivered to us with a tap of a finger on food delivery apps.<\/p>\n\n\n\n

The convenience of not having to step outside the home to get food may justify the extra charge for delivery but ordering food frequently can definitely eat into our budgets.<\/p>\n\n\n\n

Convenience is great, but it usually comes at a high cost. Consider making your own meals at home to cut the calories and expensive delivery fees. Even if you\u2019re new to cooking, you can find many free recipes online that can be prepared in less than 30 minutes. That\u2019s quicker than waiting for your food to be delivered!<\/p>\n\n\n\n

Expensive furniture and home d\u00e9cor items<\/h3>\n\n\n\n

Most of us have a soft spot for nice-looking furniture and d\u00e9cor items. We spend hours at home-d\u00e9cor and furniture shops, often buying overpriced furniture, plus adding some random knick-knack at the checkout. These include things like wall art, small rugs, candleholders, ornaments, and other decorative pieces.<\/p>\n\n\n\n

Many of us don\u2019t realize how much money we\u2019re spending on unnecessary things. Often times, these purchases are put aside and stored away until they can be used at a later time. When hidden from our sight, these beautiful pieces slowly turn into clutter over time.<\/p>\n\n\n\n

Not only does this waste money, but it\u2019s also a waste of time because many people end up sacrificing their weekends to de-clutter their homes. There are more cost-efficient ways to nicely furnish your home and still save money!<\/p>\n\n\n\n

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Expensive cell phone and internet bills<\/h3>\n\n\n\n

These are essentials that are very difficult to avoid today. Being able to save money on these recurring services may not seem like a lot at first, but it adds up.<\/p>\n\n\n\n

Instead of paying for the expensive sticker price for cell phone and Internet services, you can make a quick phone call to negotiate for better prices. Many companies prefer to give their customers a discount if they are not happy with the service or looking to bring their business to another competitor.<\/p>\n\n\n\n

Be sure to search online for current promotions offered by your service providers and their competitors before you pick up the phone. Knowing the current deals in the market will give you more bargaining power in your negotiations.<\/p>\n\n\n\n

It may seem like a bit of work at first, but trust me, it is worth it!<\/p>\n\n\n\n

Auto and Renters Insurance<\/h3>\n\n\n\n

Similar to the expensive cell phone and internet bills, you need to shop around and negotiate for good insurance policies.<\/p>\n\n\n\n

Insurance companies offer discounts on their products to certain companies, professionals, and alumni. Don\u2019t miss out on these savings, ask your insurance company whether your employer or school qualify for discounts.<\/p>\n\n\n\n

Another way to save money on insurance is to bundle your auto and renters insurance. Most insurance companies will give their customers discounts if they buy both auto and renters insurance from them.<\/p>\n\n\n\n

Doing your research and taking the time to look for discounts (along with negotiating) on these big expenses can save you a ton of money!<\/p>\n\n\n\n

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Keeping unused subscriptions<\/h3>\n\n\n\n

Did you know that you may be paying for unused subscriptions? Take a look at your past transactions for the last 12 months to see exactly where your money is going.<\/p>\n\n\n\n

As you scroll through each month\u2019s transaction, see what monthly subscriptions you\u2019re still paying for. These include things like magazines, Amazon Prime, Spotify, Netflix, etc. It\u2019s completely acceptable to keep the subscriptions if you\u2019re using and enjoying the services.<\/p>\n\n\n\n

Some companies try to put fear in customers\u2019 minds by telling them what they\u2019d be missing out by canceling their services. But be honest with yourself and ask whether you\u2019re actually using their services. If not, you want to consider canceling to save money. Don\u2019t fall for the FOMO (fear of missing out) trap!<\/p>\n\n\n\n

Buying items at the original price<\/h3>\n\n\n\n

here are items that never go on sale and it\u2019s perfectly fine to buy them as long as they add value to your life. Other than that, you shouldn\u2019t buy things at the original price without hunting for the same product at the lowest price.<\/p>\n\n\n\n

Most people have Internet access, so it\u2019s not hard to look for the best price when you\u2019re shopping for something. You can also use apps like Flipp<\/a> or Reebee<\/a> to price match almost any product, including your weekly groceries. You can score significant savings by price matching big-ticket items like TVs, appliances, etc.<\/p>\n\n\n\n

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Final Tip: Finding the right balance <\/h3>\n\n\n\n

There are a lot more expenses that you can reduce without sacrificing the quality of your life. Carefully review ALL of your expenses to analyze your past spending behavior. This will allow you to cut your unnecessary spending, which helps with prioritizing your needs and wants.<\/p>\n\n\n\n

It\u2019s absolutely fine to spend on things that make you happy and your life more enjoyable. But it\u2019s important to sock away some money for your retirement because you don\u2019t want to end up in financial trouble down the road.<\/p>\n\n\n\n

The key to good money management is finding the right balance between saving and spending. This will allow you to enjoy life today while saving money and building wealth for your future.<\/p>\n\n\n\n

Originally published in the RENTCaf<\/em>\u00e9 Blog.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

In theory, we all know we should be prudent with our finances and save money for rainy days and retirement. However, putting this into practice is easier said than done, when the cost of living is increasing every year and wages are hardly keeping up. With all the bills that need to be paid every […]<\/p>\n","protected":false},"author":1,"featured_media":305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/globepm.frstage.ca\/fr\/wp-json\/wp\/v2\/posts\/298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globepm.frstage.ca\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globepm.frstage.ca\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globepm.frstage.ca\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globepm.frstage.ca\/fr\/wp-json\/wp\/v2\/comments?post=298"}],"version-history":[{"count":1,"href":"https:\/\/globepm.frstage.ca\/fr\/wp-json\/wp\/v2\/posts\/298\/revisions"}],"predecessor-version":[{"id":304,"href":"https:\/\/globepm.frstage.ca\/fr\/wp-json\/wp\/v2\/posts\/298\/revisions\/304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globepm.frstage.ca\/fr\/wp-json\/wp\/v2\/media\/305"}],"wp:attachment":[{"href":"https:\/\/globepm.frstage.ca\/fr\/wp-json\/wp\/v2\/media?parent=298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globepm.frstage.ca\/fr\/wp-json\/wp\/v2\/categories?post=298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globepm.frstage.ca\/fr\/wp-json\/wp\/v2\/tags?post=298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}