Are You Smart To Save Your Money?

  
     
  By: Alex Yim  
 

Do you think you are smart and you are saving your money properly? Then you can check the following checklist and test your level of smart. If you get less than 3, you are smart!

1. I am putting all my extra money to bank's saving account or GIC.

You can't make any money with the saving accounts with your major banks. Interest rate is really low and almost nothing. When you put your money to them, they will use your money to make huge money then give you back only a tiny piece. This will only make your bank richer and richer.

2. I am renting my place now.

Now you are just wasting your money. You are just paying off your landlord's mortgage. Be your own landlord yourself! Buy your own home. Then you will pay off your mortgage and have your own property. And your home's value will go up in the future.

3. I am leasing my car.

It is really stupid to lease the car. When you lease, you will pay more for your car insurance. After lease, you need to give your car back to the dealer because it's not your car. Bur your car with monthly payment. You will pay less insurance and after full payment it will be yours!

4. I am not using coupons or any saving information.

You can save lots of money with coupons. There are tons of coupons from everywhere! Online coupons, printable coupons, coupon codes, grocery coupons from internet, newspapers. Why not? Use them!

5. I am not making the shopping list.

If you go to shopping center without any plan, you cannot just window shopping yourself. You will find a lot of items you want to buy and you do buy you will never use! Never go shopping without shopping list. It also saves your time.

6. I like drinking coffee and smoking

Buying coffee after lunch is refreshing your mind? Smoking in the break time is really refreshing your body and brain? If then you will keep wasting your money. Have you ever calculate the total budget for coffee and smoking per month? You don't want to know? It is a big. And they also hurt your body.

What is your score?

http://www.smartsaving.ca/



  
  Article Source: http://yourfinance.co.za   
     
 
About The Author
Specialized in computer science, having experience and background of web site and web application development and management using IBM Lotus Notes Domino, HTML, Javascript and other web development tools. Currently operating the interactive website Smart Saving Canada to provide coupons, deals and freebies for Canadian.
 		  
     
 
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