DANIEL ENAYATZADEH FINANCIAL SECURITY ADVISOR
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13 WAYS TO SAVE MONEY EVERY MONTH!

11/14/2016

2 Comments

 
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By: Daniel Enayatzadeh

​Most of us would like to save money at the end of the month. The following is a list of tips I’ve put together.
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  • Before buying something new, ask yourself: Is this a need or a want? If you don’t need it, wait a few days and reevaluate. 
  • When you’re out, carry portable snacks, like vegetables or granola bars to avoid buying food impulsively.
  • Do your grocery shopping with a list, and stick to it.
  • Use cash more often than plastic. Studies show we spend less when we use cash.
  • Track your expenses for a few weeks, try to identify wasteful spending trends.
  • Evaluate any subscriptions or memberships you don’t really need.
  • Look out for sales and buy in bulk.
  • Explore generic brands.
  • Incorporate more vegan meals into your diet.
  • Create a plan to eliminate any credit card debt.
  • Review your insurance policies.
  • Have something lying around that you don't need? Sell it!
  • Don’t be afraid to ask a friend for advice on how they save money.​

​How do YOU save money? Include your tips in the comments! 

Daniel Enayatzadeh is a Financial Security Advisor specializing in investment and insurance planning. He can be reached at 514-996-9400 or at daniel@thefinancialadvisor.ca ​
2 Comments
Manu
11/24/2016 03:52:35 pm

We spend so much on things that we just don't need. Ask yourself, why are you buying this? What is the alternative? Can you make without it? And more importantly, how long would it take me to save the equivalent sum of this cost and am I willing to cut down on other expenses, in order to break even? Finally, always try getting as much bang for your buck as possible! It will help you break things down and make a rational choice.

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Daniel Enayatzadeh link
11/29/2016 08:09:30 am

Hi Manu,

Thank you for sharing your very interesting thoughts!

Daniel

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