What did you do to improve your finances today?

This was one of my favourite threads on the old forum, and since there doesn't seem to be one here yet, I thought I'd create one :-)
 

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  • Called my internet/tv subscriber and got better internet for less and reduced my cable bill. Also cancelled XM radio

     

    Next up...cell phone plans!

    Like 2
  • Make sure you check your credit cards. Note sure if this is only happening in Canada.

     

    https://www.cbc.ca/news/canada/nova-scotia/credit-car-balance-protector-insurance-refunds-canada-1.5548346

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  • Didn't impulse buy.  

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  • When we had to close to all but urgent care, I changed our personal budget to prepare for losing my income so my employees could keep theirs.  I stopped my RRSP (retirement) contributions and my LOC pay-down plan to conserve cash.

    Since then, our government has instituted a wage subsidy and we've been very busy. I'm going to be able to keep my wages as they were. I've also received a decent tax refund from last year. 

    So, for the next pay and going forward I'm going to return to budgeting for the RRSP but keep the cash in my chequing account for the short term in case we need it. Once things are more solid again with the business income, I can sweep all that money into the investment account at once. It's like the best of both worlds, and I'm not wasting the $$.

    Like 5
  • My gas bill was half what I had budgeted for! For variable bills, I always look back at past months and try to err on the high side when budgeting. Yay extra money to budget!

    In past months I would just allow the extra to stay in that category and rollover but I have been pushing to reach my monthly buffer (and it just makes me happy to see my INM category get bigger).

    So that was an extra $25 going to June!

    Like 4
  • Had my last Hello Fresh box. I know that delivery meal services aren't the best option for most, but for me (who only eats a bit at a meal and is cooking for one) it has done great things for my cooking skills and budget in that I don't do fast food/take out as much. I also milked every discount code I could get.

    They have recently been having supply and delivery issues (which is completely understandable) so I had planned on not ordering any more for a while.

    My last recipe was Pork and Poblano Tacos. Sounds yum - except the peppers, cilantro, and shallots were spotted and moldy. 😣

    I have never had so many issues with a recipe with them. I luckily had a green pepper, dried cilantro, and onions at home so I could still make the mean.

    The one thing I will say about Hello Fresh is that they are very responsive with customer service. Normally if there are any issues they will credit your account. I called and asked for a refund instead. They gave me $18.00 back to my account (which is more than I think 2 shallots, a poblano pepper, and fresh cilantro costs definitely).

    Score. I still got to have the meal, and now I have $18.00 more dollars to put towards my INM category.

    I also canceled my HF account. (I did save all of my recipe cards so now my job is to cook it all again on my own.)

    Like 5
      • Vibrant
      • No more counting dollars, we'll be counting stars
      • vibrant
      • 1 mth ago
      • Reported - view

      Peripherie if you enjoy the convenience of meal kits, I have been using Home Chef for the last several weeks and I love them. I've been way happier with them than I was with Hello Fresh. The recipes are varied and creative but not overly complicated. I've received 5 boxes and planned my next three weeks of orders and I haven't seen a duplicate meal yet. My referral code for $35 off your first box is https://www.homechef.com/invite/5ANK5ltn87vkg if you want to give it a try.

      Like
      • Peripherie
      • Tomato_Captain.11
      • 1 mth ago
      • Reported - view

      Vibrant I am not sure where you are located but have you had any trouble with delivery times and product quality? That has been the biggest issue with HF recently. Boxes come late or not at all, and produce is more frequently near bad/bad. (And once I got a protein for one meal and then recipe kit for another meal - with things I would never order/eat. :P)

      Like
      • Vibrant
      • No more counting dollars, we'll be counting stars
      • vibrant
      • 1 mth ago
      • Reported - view

      Peripherie I'm in the Midwest so my boxes come from the Chicago distribution center, I assume. I had one week where they notified me my box would arrive one day later than my regular schedule, and once my kit came with penne instead of angel hair due to supply issues. But I've never had them swap out an entirely different protein! My product has generally been excellent. I had some arugula go funky but I didn't try to cook that one until a full week after delivery so I feel like that one is on me.

      Like
      • Peripherie
      • Tomato_Captain.11
      • 1 mth ago
      • Reported - view

      Vibrant Heh, that last part has happened to me before. I just didn't feel like cooking and waited too long. :P

      Like
  • I sent in my application for a part time job that would help with the debt paydown and the lack of student jobs for son#2 to earn money to pay for next term of university. Fingers crossed.

    Like 2
  • Deposited 5 dollars in cash I found in a pocket instead of splurging/spending it on something silly.  Once in YNAB, I put it in my INM category.

    Now I am $5 closer to a whole month being funded in advance.

    Like 7
  • Did some spring cleaning and a Fresh Start on both our shared and my personal budgets. Switched internet providers, saving about US$45 (450NOK seeing as we live in Norway) a month. Sent out a query to our insurance companies to see if we could get a better deal by bundling our life, contents, travel and car insurance together (will choose the best one out of the replies if so). worked out a plan with my partner to snowball some of his debt, (he has a number of smallish loans from me that I need to be paid back, a credit card and a mahoosive student loan), transferwised some money and paid down on my own NZ student loan - one more payment til I'm under NZ$60000, which is a bit of a psychological win (my compulsory overseas payments drop by half then - though I'll be keeping them up high to pay it off sooner), and referred two friends to Ynab! Happy Tuesday all round. 

    Like 5
      • kiwegian
      • kiwegian
      • 1 mth ago
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      • Reported - view

      kiwegian Insurance company came back with a cheaper deal on our car insurance (another almost 450NOK a month) so that's a monthly saving of about $100US, for 1 hours worth of my time ringing around and looking up deals

      Like 7
      • TechieM2
      • IT Professional and General Geek
      • techiem2
      • 1 mth ago
      • 1
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      kiwegian Nice!

      Like 1
      • Khaki Storm
      • YNAB book topics online: https://support.youneedabudget.com/r/q5w48j
      • Khaki_Storm.1
      • 1 mth ago
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      • Reported - view

      TechieM2 I shop car and home insurance about every 3 years.

      Like 1
      • kiwegian
      • kiwegian
      • 1 mth ago
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      Khaki Storm we haven't really needed to hunt around as we only bought a car last year (after a 12 year hiatus! - having a kid suddenly made our normal circuitous public transport trips unfeasible). All our other insurances are super crazy cheap through our union, but the car especially bugged me when I added it. It seemed...expensive.  But, I said I'd give it a year (also to build a bonus in the system), and pretty much to the day, we managed to halve it. 

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      • MXMOM
      • MXMOM
      • 1 mth ago
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      • Reported - view

      kiwegian we had the same scenario happen when the 2nd kid got his license. 4 drivers 2 cars didn’t work so we inherited a 1997 teal green Pontiac sunfire from my in-laws. It had 30,000 km on it lol. But insuring under age 25 new male drivers is a money pit! We do get a better deal through my union which I didn’t even know about until a coworker mentioned it. Luckily (for us) son #1 paid his share and has since bought his own vehicle so he’s off our policy. But his insurance alone was $500 CDN (which is like a gazillion in US dollars) per MONTH. 

      Like 1
    • kiwegian Great name! My kiwi cousin is married to a Norwegian & living there! What a coincidence if your real name was A... :)

      Like 1
      • kiwegian
      • kiwegian
      • 1 mth ago
      • Reported - view

      Purple Foal Cheers ears! yeah, the name was a bit of a stroke of genius when I moved here 14 years ago. Alas no A beginning... doesn't mean I don't know her though, the kiwis in Norway FB page is reasonably active and I've run into a fair few people over the years.

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      • kiwegian
      • kiwegian
      • 1 mth ago
      • 1
      • Reported - view

      MXMOM Holy bejebus! that's a terrible money pit. thankfully we have 15 more years before ours can sit behind a wheel 😂. Yeah you Canuks get great union insurance deals. My parents moved over a few years ago so now we spend every Christmas in Saskatoon, freezing our butts off (everyone thinks because we live in Norway we should be able to hack it!)

      Like 1
    • kiwegian She'll be right! and Rattle your Dags! you bloody drongo! ;)

      Like 1
      • kiwegian
      • kiwegian
      • 1 mth ago
      • Reported - view

      Purple Foal don't forget the national answer for everything 'yeah...nah'

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    • kiwegian yeah yeah yeah  ;)

      Like
    • Khaki Storm
    • YNAB book topics online: https://support.youneedabudget.com/r/q5w48j
    • Khaki_Storm.1
    • 1 mth ago
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    I'll be receiving $75 for completing a survey on personal money management.   It was a series of questions unlocked over about two week, but averaged about 5 mins a day. It was also easy to answer because I use YNAB. My answers were basically repeating the 4 rules and mentioning the app. The questions were a good reminder of what it's like to not have a budget. 

    Like 5
    • Khaki Storm Is that survey still open for new members to enroll? If yes, would you mind sharing link for signing-up

      Like
      • Khaki Storm
      • YNAB book topics online: https://support.youneedabudget.com/r/q5w48j
      • Khaki_Storm.1
      • 1 mth ago
      • Reported - view

      Sky Blue Harp sorry it's not. It wasn't for ynab members, it was just for anyone who wanted to talk about their finances.  The group is dscout. I'm not exactly sure how they got my name. My best guess is when I write a company about an issue and there's a question if I want to be involved in a survey, I usually say yes.   

      Like
  • [UK based] Things I generally do:

    This week I will be doing my tax return ie as soon as I can after year-end, so I know what my tax bill will be ASAP (doesn't mean I have to pay it immediately), but conversely if I am due a refund, it will be paid immediately.

    Last week I shopped around for telecomms contracts.  Negotiated ruthlessly when renewing my landline and mobile phone contracts by putting the date in my calendar, and choosing the "I am leaving" option when I phoned up (that part of the call centre can authorise bigger savings).  I've also got an ongoing discount on my landline for referring a family member.  This week I am shopping comparison sites for fuel suppliers.

    Bought a second hand mobile phone from high rated seller on Amazon - Music Magpie.  Already got an old cheap SIM only contract.  My house insurance covers my phone.

    Buy second hand books from Amazon sellers

    I almost never drink alcohol for health reasons, that saves a fortune.  I normally meet friends for walks in the park, swimming, coffee etc instead of meals out.  I do hobbies which are pay as you go, eg dance classes - currently online :(

    I am a member of a seat filling mailing list for cheap last minute theatre tickets (PM me for details if you are in London). They are currently sending out links to free streams of great productions.

    I delay buying things by having a Purchases list on my mobile to let me really think about it first.  Often snap photos of things I like in shops (inc bar code and size if I have tried it on) so I can decide later and order online if I really do want it.

    Plan meals for the week using a nice notebook. Look back in it and learn from my culinary mistakes! I also did a one off food costing exercise a while ago, some parts of which shocked me. I don't usually shop around as I have no car.

    I don't generally use vouchers or loyalty cards because they encourage me to buy things I don't want (I would if I had a car and bought petrol/gas).

    Bought a reusable coffee cup: sometimes save 20p on my coffee with it, sometimes bring out my own coffee, depending on how virtuous or skint I am feeling.

    Got a Euro currency card (account on YNAB of course) so I avoid big ATM fees and can charge it up when the ex rate is slightly less bad, also helps me budget for a holiday, asssuming I ever get to leave the country ever again.

    This week I have continued to sell things I don't need on ebay as there is a free listing offer.  I just discovered the Best Offer / Counter Offer format not the Auction format to stay in control.  But I realised that ebay is time consuming and deductions add up (final seller fee and paypal fee).  Scrounge boxes and newspapers to avoid paying for packaging (I pillaged polystyrene from my neighbour's trash only yesterday!)

    Like 1
      • Peripherie
      • Tomato_Captain.11
      • 1 mth ago
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      • Reported - view

      Good Intentions 

      I am trying to sell some things too. I started using the LetGo app. It has only been a few days so I think I have to wait a while for any offers. The app really wants me to pay to have my items 'seen more'. But that defeats the purpose. Rather just have them sit and hopefully sell over the month or so the listing is for.

      If they don't sell - I might try another app.

      Like 2
      • Peripherie
      • Tomato_Captain.11
      • 1 mth ago
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      • Reported - view

      Peripherie I sold something! An old iPad that worked but couldn't update beyond a certain iOS so none of the apps I wanted would work. I got $40.00 cash for it. Probably could have gotten more but I haven't used it in ages and wanted cash.

      Used $15.00 for groceries. Deposited $25.00 to my account. 10 going to my 'extra stuff' account and 15 to my INM account!

      Like 5
    • Peripherie That was a really quick turn around! Nice job! :)

      Like
      • Peripherie
      • Tomato_Captain.11
      • 1 mth ago
      • 2
      • Reported - view

      Faness I think I undersold it, honestly. But that is okay, it has just been sitting around for years. I have a 'back-up phone' that I may try to list on the high end. If it doesn't sell, I keep the phone just in case. If it does, then that is more money to my budget.

      Like 2
      • MXMOM
      • MXMOM
      • 1 mth ago
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      • Reported - view

      Peripherie I just uncovered an old MacBook Pro G4 that was loaded to the hilt when I bought it from a friend at least 10 years ago. He paid $2000 or more for it and was upgrading so I bought it for $500. The kids got a lot of use doing video work since it had all the power. I googled it and I can get maybe $50 for it but that’s more than it’s worth sitting in my closet. 

      Like 2
    • Good Intentions You could investigate getting a current account like Monzo, either to use as your main current account, or as your travel account. It offers fee-free international transactions worldwide, you pay only the MasterCard exchange rate. (And as it's a bank account, no fees for topping it up, or taking the cash back out)

      On a side note, for anyone using a currency card, or any credit/debit card while travelling abroad, ALWAYS ALWAYS ALWAYS pay in the local currency if asked. If you allow the retailer to convert into your home currency, you'll get a horrendous exchange rate, and end up paying far more than paying in the local currency. (Most of the time this is referred to as DCC - Dynamic Currency Conversion - never ever accept it! - This also applies when drawing out cash from an ATM, do not accept DCC if it is offered.)

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  • Mended my (otherwise soon to fall apart) jeans. Nearly invisible. 

    Bought a giftcard from my favourite clothes shop (where I’ll get new jeans) to help them through this COVID time, but which will also be worth 20% more in the shop.

    And we were given !  an Optimist sailboat! That’s a small sailboat for up to around 15 years. Our son is 11, has had lessons for two years. We gave them a home made apple cake and a €20 giftcard. We bought a small trailer and my husband customised it for behind a bike. Without it we wouldn’t get the boat to the water at all. So we did spend money, but I think it might well be our main summer expense... as we will most likely not be able to go anywhere. 

    (Optimist competitions are for up till 15 years, but of course husband and I want to try it out too 😁😂⛵️)

    Like 3
    • Khaki Storm
    • YNAB book topics online: https://support.youneedabudget.com/r/q5w48j
    • Khaki_Storm.1
    • 1 mth ago
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    • Reported - view

    Through my paypal account, I signed with Acorns today. They are a small funds investing site. It only takes $5 to open an account, then it's $1 a month in fees to keep going forward. It's not complicated, they ask some questions and pick the investment mix for you. Then you get a referral link. When others use the link and you get $5, they get $5. That's like starting for free. The bonus this month is if you sign up 4 people by May 31st you get $250. I think I can find 4 people I know to sign up, as long as I split the money with them ;) Just wanted to share, sounds like a low risk way to get an extra $250 in an investment account. 

    Like 2
    • Khaki Storm Is that $250 considered taxable income? I haven't been gifted funds into an investment account before, so I'm not sure, but I'd check before dividing that $250 evenly. ;)

      Like
      • Khaki Storm
      • YNAB book topics online: https://support.youneedabudget.com/r/q5w48j
      • Khaki_Storm.1
      • 1 mth ago
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      • Reported - view

      Faness that's a good idea. Thanks! 

      Like 1
      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 1 mth ago
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      • Reported - view

      Faness Yes, you’re right. It’s definitely taxable and will be reported to the IRS as interest income. I’ve done plenty of those bonus deals for trying various accounts.

      Like 1
      • Khaki Storm
      • YNAB book topics online: https://support.youneedabudget.com/r/q5w48j
      • Khaki_Storm.1
      • 2 wk ago
      • Reported - view

      Faness Oh, and I'm closing my acorns account. Very unresponsive customer service. I could never see where the $250 bonus was credited and my initial investment was still a pending transaction after 4 weeks.

      Like
    • Khaki Storm It's funny (in a sad way), but Jesse has had a similar experience with Acorns customer service. Sorry it didn't work out but I hope you're still able to get the funds credited to your account!

      Like
  • I moved our savings from our local bank to an online savings account with a better interest rate.

    Like 6
  • I locked in a no-cost, 2.875% 30 year mortgage refinance. This will save me thousands of dollars and will most likely be my last mortgage.

    Like 6
      • PhysicsGal
      • Nerdy female homo sapien
      • physicsgal
      • 1 mth ago
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      Superbone Wow, that's an amazing rate!  Mind if I ask what bank or CU you used?  I refinanced in December to a 3.125% 15 year fixed and I thought that was awesome at the time. 

      Like 1
      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 1 mth ago
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      PhysicsGal I have a mortgage broker that helped me purchase my house in 2016. This loan ended up being through Quicken. My guy is worth his weight in gold. He always finds the best deals. My mortgage I got back in 2016 was a 30 year fixed at 3.25%. A good mortgage broker has many avenues they can explore to find you the best deal.

      Like 1
  • I also paid for 3 months of Mint Mobile for my son and I. I currently have Verizon. There is also a 7 day guarantee. If this works out and we get good enough coverage (we should according to the website) then I will save almost $800 per year.

    Like 5
      • MomonWheels
      • Magenta_Camera.8
      • 1 mth ago
      • Reported - view

      Superbone I really want to do Mint mobile because we pay $175/mo for 2 lines. But we are really rural (like, in the mountains, not a Walmart or any fast food here rural.) So my SO is worried we won't have service. The site says we should, but we are skeptical.

      Like
      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 1 mth ago
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      MomonWheels You could always try it and see. There is a seven day guarantee but you might be out the cost of the sim card. I'm not sure exactly.

      Like 1
      • MomonWheels
      • Magenta_Camera.8
      • 1 mth ago
      • Reported - view

      Superbone I think we will eventually give it a go, once we save some money to cover the cost of new phones. If it's not good enough coverage we will go back to Verizon. I wonder if I can leave our Verizon lines open in the week we try Mint? I've had Verizon for a decade, never used another company, except Tracfone as a kid.

      Like
      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 1 mth ago
      • Reported - view

      MomonWheels I've also had Verizon for a very long time. It was hard for me to get up the courage and momentum to do it but if it works, it was too much money to pass up on. I'll let you know how it goes.

      Like
    • Superbone Would you keep us updated on the switch to Mint?  I would love to leave Verizon's high cost behind, but like you nervous.  They are the only provider I've ever had and they are good.  What about internet?  Anyone found a good solution to internet?  It's only me and I'm paying $83  a month. Outrageous.

      Like
      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 1 mth ago
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      • Reported - view

      Silver Lightning I will! I’m glad you said something. I just checked my email with tracking info and it turns out it was delivered yesterday by my back door! It’s too late tonight but I will set it up tomorrow and report back. That’s funny, I’m paying the same for internet too.

      Like 1
      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 1 mth ago
      • Reported - view

      Superbone So far, so good! I'm going on 24 hours and it's been flawless so far. Of course, I haven't been anywhere. My experience is all from my house so far. My son in another county is going to get set up this weekend.

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      • Superbone
      • YNAB convert since 2008
      • Superbone
      • 1 mth ago
      • 1
      • Reported - view

      Superbone One more follow up. Everything has been exactly the same for my son and I since we made the switch from Verizon ($100+ per month) to Mint Mobile ($35 per month). It's been a success! ($780 per year savings.)

      Like 1
    • Superbone That's huge!! In Jan, I switched from Rogers ($62) to Public Mobile ($25) (Canada) and have found it great! I was paying for 5G of data and switched to 1G after evaluating my data usage for the past 6 months and the most I used was 1.6G. So I turned all apps off & use wifi more. Win! 

      Like 2
  • This is more of a long-term win.

    I applied (and was accepted) for a new 0% balance transfer credit card. My existing Virgin card still has £11.9K on it, and I knew I was not going to clear it before it would start attracting interest (I'm focusing on a different credit card paydown - that story is in the 2020 debt paydown thread). The transfer does attract a 1.2% charge, but it gives me until July 2022 to clear this debt, and it's better than the 29% interest rate it would have gone up to had I not done it!

    One of my favourite sites for financial advice is moneysavingexpert.com, as they're pretty impartial - however, I did find when looking at their recommendations, that they seemed to be pushing cards that you could "pre-apply" for through their checker. This particular card didn't work with their checker, but also had longer terms and lower fee. It helps to pay attention!

    Like 1
  • Sold my motorhome today!!! = Paying of tractor

    Sold my Harley last weekend = paying of Jeep

    Super sad about selling those two, I will miss them immensely. I have have very fond memories of both, but for now that is what needs to be done.

    Locked in rate for refinancing my home 

    Like 7
    • B's Gambit oh dear. Sorry you have to let them go. The memories will stay just the same though. I hope using the money elsewhere brings you lots of positive things. 

      Like
      • MXMOM
      • MXMOM
      • 1 mth ago
      • Reported - view

      B's Gambit and once you get everything else set, you can go buy another motorhome and another Harley.

      Like
    • Powder Blue Pony  MXMOM  Thanks! I'm trying to be as positive as I can as I live out this very large rule #3.

      Like
  • I was making a grocery list for the dreaded shopping trip during covid and I'm really trying to rein in my grocery budget. I was out of protein powder. I buy this great vegan powder that has everything I need but it is $62 to replace and I just didn't want to pay that. Then I started researching on Pinterest for alternate sources of protein in my smoothies and came across recipes to make your own! So I started more research and then got super OCD & made a spreadsheet with all the nutritional information and played around with the amounts to replicate the same amount of calories, protein, fat, & fibre. I found the prices for the ingredients and worked out the cost for the batch divided by the number of servings. It turns out that my homemade powder is 1/2 the price with only 8 ingredients! I'd say that is a win! :)

    Like 5
      • Khaki Storm
      • YNAB book topics online: https://support.youneedabudget.com/r/q5w48j
      • Khaki_Storm.1
      • 1 mth ago
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      Purple Foal would you mind sharing? 

      Like 1
      • MXMOM
      • MXMOM
      • 1 mth ago
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      Khaki Storm off topic but I just re-read your socks post and it made me laugh.

      Like 1
      • Khaki Storm
      • YNAB book topics online: https://support.youneedabudget.com/r/q5w48j
      • Khaki_Storm.1
      • 1 mth ago
      • Reported - view

      MXMOM Yep, all true too! Except I changed the names.

      Like
    • Khaki Storm Sure! Not perfect but 1/2 price of the Vegan Progressive All-in-one protein powder I'd usually buy. I'd skip the cacao powder since it didn't make a difference & didn't make it chocolatey. Grind up the flax seeds, pumpkin seeds, & oats. Mix well in a big bowl. I used the existing large container I had & filled it up using a wide mouth spout from my canning supplies. The collagen is very powdery so add that first, then the pea powder, then the other ground & mixed ingredients. Shake really well. I used the scoop that came with the tub (47g size) which I used to calculate the serving sizes. 

      For my smoothies, in my Ninja blender, I put a scoop, 2 cups of baby spinach, 1/4 cup of blue berries & then fill it up with water. I count it as 1 serving and usually divide it between 2 snacks in MyFitnessPal. I also started adding 1/2 scoop to my 1/2 cups of oats, 1/4 blue berries, and 3/4 cup of unsweetened almond milk then microwave for 1:30 sec. You just need to mix the powder really well & there might be some residue, but knowing the cost & true ingredients, I don't mind. Enjoy! :)

      In the chart, the data I got from BulkBarn.ca was all per 100g, so I did a lot of math to figure it out. In Canada, we are notorious for measuring in both metric & imperial, depending upon the purpose! Prices are $CAD. I already had a lot of the ingredients, and bought some from Costco, so the exercise was just if I made the powder from zero.

      Like 1
      • Khaki Storm
      • YNAB book topics online: https://support.youneedabudget.com/r/q5w48j
      • Khaki_Storm.1
      • 1 mth ago
      • Reported - view

      Purple Foal thank you!

      Like
    • Khaki Storm You're welcome! Let me know how it goes! :)

      Like 1
  • I didn't do this today so much as a week and a half ago, but I finished paying off a whole credit card by just paying the remaining balance instead of waiting until the next few months for that cash flow to be free again.

    Like 1
  • Paid off my student loan! Hurray!

    It was still €4490.

    Before, when I wanted to pay back I didn’t ‘allow’ myself, because paying off on the mortgage would mean saving more interest. Also I stopped paying back completely (that’s allowed in the system for a max amount of time) because I had cancer and if I’d die of that, I would rather leave my husband and son the money, instead of having just paid all that on the loan (loan wouldn’t pas onto them) And after that: what is the moment to have enough trust I won’t die young, to start paying back again ....? ( now, I have decided😊)

    We have indeed payed extra on the mortgage, but stocks might be an even better plan... Hm, but that depends on time horizon and I’m not even sure when in my life I will be needing the money most. All those decisions sometimes make me end up doing nothing!

    Now I’m about to start studying again and I still have a student loan! Pfff! Once I’d have to start paying back again monthly  while studying, that would really impact my budget...

    Then I read a blogpost yesterday, about the dark-cloud- aspect of a student loan. That finally made me aknowledge the emotional side of things, enough to go for it and now it’s gone. Hurray!

    Like 4
      • TechieM2
      • IT Professional and General Geek
      • techiem2
      • 1 mth ago
      • 1
      • Reported - view

      Powder Blue Pony Awesome!

      Like 1
    • Powder Blue Pony 

      Hurray for paying off the loan.

      Double-hooray for its symbolism and emotional weight lifted.

      Like 1
    • Alice Blue Yeti TechieM2  Thanks! 🙂

      Like 1
      • MXMOM
      • MXMOM
      • 1 mth ago
      • 2
      • Reported - view

      Powder Blue Pony what an awesome and inspiring post. And also informative. People need to think about the legal and other implications of various financial decisions. My friends call it aweful-izing. But too often I would see people too late when things could have been done to save money and taxes and stress if only they had thought about various scenarios. 

      Like 2
  • Not a huge win but I'm weirdly proud of saving $60 a year by switching from the most basic savings account at my bank to their "enhanced" account. I always have the minimum balance needed for the enhanced account and that means not more $5/mo service fee. It took a 2 minute email and got it sorted. Why have I been paying $60 a year for the last 10 years without thinking about?! 

    Like 7
    • Gabby G I researched and finally switched my banking after getting fed up with the fees. I was paying $17/month for a TD chequing account, that was already at a senior rate since my Mom is still on my account from days of paying my student loan while living abroad. I opened a no-fee Tangerine chequing account and a no-fee EQ account, that actually gives me 2% interest a month on my balance. Then covid happened & I didn't actually close my TD account, but since I had moved all my transactions to the other banks, I switched it to the basic account of $3.95/month by a quick online maneuver. Now I'm happy I kept that account as is since it is my access to transfer money into my investments, to make lump sum payments to my HELOC, and it is set up to receive interac transfers from friends. 

      So yes, you can have it all, and yes why was I paying interest for all those years!! In 3 months with EQ, I have not paid any fees and received $12 in interest to me. Free money. Win/win. :)

      Like 2
  • I switched from at&t to comcast for my internet to save $20/mo; the payment is $54/mo. now; this is still too much, but I was scared the $20 option would be too slow or unreliable.  I do not pay for cable tv; it is too much to rationalize while I am in debt. 

    I wonder if I will see the day when I say that saving $20 a month is not worth the hassle b/c it was a hassle installing and switching everything.   I am locked into this rate for a year and then back on merry-go-round to find the best deal.  

    Like 1
    • TechieM2
    • IT Professional and General Geek
    • techiem2
    • 4 wk ago
    • 1
    • Reported - view

    Switched StraightTalk from the $45/mo plan to the $35/mo plan (that is the same data as the $45 was originally) that is now available.

    Like 1
    • Cirrus
    • Living mobile and solo
    • miriamnz
    • 3 wk ago
    • 4
    • Reported - view

    Reading the forum to look for inspiriation.🙂

    Like 4
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