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Monday, November 19, 2018

Welcome to Financial Literacy Month!

Financial literacy month is a great time to take a closer look at your finances to see how to spend and save wisely. There are many aps out there to help you take a closer look at where your spending is going, and where you could fit in some savings. We all know every little bit helps coming up to the Christmas season!
 
Here are some of our top tips:
 
Set up a budget with clear savings goals. Once you have a schedule down on paper it's a lot easier to stick to. 
 
Those coffees and food truck lunches add up! Save fancy coffees and lunches out for special occasions or even just Fridays and you'll be saving in no time and will have something special to look forward to all week.
 
Talk to your bank about how they can help you save a bit extra. Many banks have rounding up programs where you can round up your purchases and put the extra directly into your savings account. While you're at it, set up an emergency fund if you don't already have one.
 
Take a look at your credit cards. Make sure you're using cards with benefits you can actually use. In addition, it never hurts to make a phone call to ask about lowering your interest rate or annual fee.
 
Save your receipts for tax season. Bus passes, charity donations, adoption and child care expenses can all be claimed. You can even get free help at the Community Volunteer Income Tax Program (CVITP) at tax time to assist you in maximizing your return and finding out what you can claim. 
 
And our number one tip... Have a look at our Savings Calculator to see how much you could be saving as a business owner!
 
http://www.e-benefits.ca/how-does-it-work/savings-calculator.cfm
Posted by Margaret Koniuck at 10:19 PM

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