Best Ways to Save Money this Christmas: Interac
Christmas is fast approaching! Year after year, many Canadians are still overspend on presents and entertaining. We have partnered up with Interac, leading debit and payment service, to help you save money and take a balanced approach on spending and saving.
According to a recent Ipsos poll conducted on behalf of Interac Association, nearly three quarters (73Â per cent) of Canadians think they are on track to meet their financial goals either as is or with only minorÂ adjustments â€“ but this isnâ€™t leaving them stress-free. Nearly two in three Canadians (65 per cent) believeÂ they have financial habits to improve â€“ and those same habits have Canadians worried.
“Money management is not something you learn overnight â€“ it’s a skill that improves with practice,” said Teri Murphy, Senior Manager, Corporate and Stakeholder Relations, Interac Association and Acxsys Corporation. “A conscientious approach to personal finance that consists of creating and following a budget and establishing wise spending practices, including using payment cards responsibly, can help Canadians stay on top of their goals.”
Here are a few tips and tricks to help you this Holiday season:
- Make a list. Before you shop, take 15 minutes to create a spending plan of who you need to buy for and set a maximum budget.
- UseÂ promoÂ codes. Simply go toÂ Retail Me Not to find discount & coupons codes or Flipp and Shop To It to find last minute deals.
- No more impulse shopping.Â Curb impulse purchases by snapping a pic of a “must-have” item. Take a day to decide whether it fits within your budget
- Do online research.Â Consumer ReportsÂ is a great resource to find the best product and read reviews and ratings.
- Leave the credit card at home. Instead use Debit,Â you will be less likely to overspend than if you are paying with a credit card.
- Be realistic with your food shopping. It’s easy to buy more than you need.
- Apply for Reward Program.Â You can earnÂ free drinks at Starbucks or discount at your local shops.
- Track your spending. Use your bank app to keep track of daily expenses & get real time update. It will help you manage your spending, savings and earnings.
In addition, take the 21 Days Credit Free Challenge atÂ https://21jourssanscredit.ca. Check out the daily tips from creating a weekly meal plan to freezing your credit card.