saving money Archives - Page 7 of 9 - The Outlier Model

Using a windfall to pay off debt

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CF / February 4th, 2013 / 42 Comments

When I went to do my weekly banking this week, I got a great surprise – an extra $260 from my previous job had been deposited into my account unexpectedly. I’m not entirely sure why I got paid, but I suspect it’s retroactive pay due to a salary increase that had been in negotiation while I was an employee at the university. Woohoo! Photo Credit: Images_of_money via Flickr Any...

Posted in: Credit and Debt Tagged with: debt reduction, debt snowball, pay down debt, paying off debt, saving money, student loan debt, student loan interest charges, tax refund, unexpected windfall

Why savings matter in January

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CF / January 16th, 2013 / 23 Comments

One of the things I intend on focusing on this year is trimming out the fatty bits of my finances. Brian and I live pretty leanly already, but there’s always room for improvement! I want to make a big push towards financial independence this year and optimizing our finances is the first step. January is a great time to rack up some savings because it’s the start of a new year! Who...

Posted in: Money Tagged with: benefits of a savings account, cutting back bills, cutting banking fees, cutting cell phone bill, cutting TV bill, financial independence, opening a savings account, reduce banking fees, saving money, setting up a savings account

Financial Goals: 2013

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CF / January 7th, 2013 / 35 Comments

The start of a new year is a natural point in time to embark on new goals and to review the achievements of the past year. Last week, Brian and I talked a bit about our net worth. We’re pretty happy with the numbers on paper, but how did we do in terms of achieving the goals we set back in early 2012? Photo Credit: Images_of_Money via flickr CF’s Goals Emergency Fund: $2000...

Posted in: Money Tagged with: Emergency fund, financial goals, goal setting, investments, lump sum mortgage payment, net worth, personal finance, personal savings rate, reduce your mortgage, RRSP, saving money, TFSA contribution

Being evil to save money

CF / November 21st, 2012 / 29 Comments

Nice guys finish last right? No one could accuse me of being too nice, though I don’t think I’m terribly evil. Maybe just a teensy bit. But you don’t want to be the guy who stands in the rain, holding the door open for everyone else do you? Well, whether or not nice guys do finish last, I’d like to suggest some tongue-in-cheek (and not-so tongue in cheek) ways to...

Posted in: Life Hacks Tagged with: Cable and Internet deals, Cable TV and Internet deals, save money, saving, saving money, saving on electricity, taking advantage of deals