Canadian Personal Finance Blog

Personal Finances and Consumer Concerns, essays, stories, examples and how to articles with a distinctly Canadian Point of View
June 21st, 2005

Penny Saved!

Remember that one, I’ve said it a couple of times now. The way to increase your take home pay, is to stop spending the money you are getting. Seems pretty simple really, here are some examples that I have harranged about:

  1. Buy 1 less coffee a day (better still drink the free crap at work, or bring your own from home). $2-$5 a day for 250 working days = $500 at least
  2. Lottery tickets, let’s say we save $10 a week another $500
  3. Eating Out, again, you can save $20 a week on that at least, another $1000 a year

Hey, that’s $2000 saved, which means, if you are somewhere near the top tax bracket living in Ottawa, that means you have “earned” about $3500 before tax money, not half bad.

Yes, it means you don’t have nice coffee, or a chance at a million dollars, and you have to eat leftovers one night, but $2000, is nothing to sneeze at either eh?

Saved money == Earned Money! –C8j

More on this topic (What's this?)
Global Multi-Asset Fund
Is Wall Street Pay Falling Far Enough?
“People will play the way you pay them”
Read more on Coffee prices, Verifone Holdings at Wikinvest

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One Response to “Penny Saved!”

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