saving money

What is Spending Money?

More than often, people end up spending far more money than they have and stack up on their credit card bills. The fact behind people spending money like this is that they do not differentiate between what they want to buy and what they need to buy.
The last thing we want in these difficult financial times is spending money on things we don't need or even want. Most of us are guilty of spending more money than we should. However avoiding these extra expenses is easy.

The main culprit behind a midlife burnout is usually the pursuit of material success. A study at the University of California, Berkeley revealed that people initially motivated by the love for their work become more and more discontent as they start making more money. It is also studied that most people, when paying with cash as opposed to credit cards, are less likely to buy as much or much less willing to spend. The problem with spending money using credit cards instead of cash is that they abstract the payment, making you forget that you are spending real money.

Our desire for the item dominates in our brain, compared to the unpleasant feelings of paying the credit card bill. So, leave your credit cards at home and pay with cash, check, or a debit card instead. The trick, behind transforming you and your family from consuming so much to one that respects money and makes it last, is to assess all expenses, both big and small. No savings is too small, and no class of spending money should escape scrutiny. You will be amazed by the amount of money you can save.

Canada - Going Green

Leading companies have recognized that their business strategy and success depends on social, environmental, economic and ethical factors. Organizations are striving to find a balance between making profits and at the same time, minimizing the impact on the environment. Sustainability has become an integral part of the executive agenda.
Many credits and incentives are available in the marketplace, provincially and federally across Canada.
For instance, the Industrial Research Assistance Program (IRAP) provides tax credits and funding for eligible private Canadian companies carrying out scientific research and experimental development activities in Ontario. The private Canadian company in question can receive government incentives of 64% of the total eligible costs, if the company earns$500,000 of eligible expenditures in Ontario and receives the maximum IRAP funding.

Take a look at these options to cut down your burn rate:

* Evaluate your insurance costs – Check if you are over insured or if it is possible to raise your deductibles. This can reduce premiums considerably.
* Is your car too expensive? - Sell your status symbol and go in for one of the many reliable, economical cars that meet your basic needs. This will help you save on gas, insurance and other car payments.
* Opt for student loans to pay for your child’s education. These loans are not a persistent burden anymore. Moreover, this will give your children an opportunity to fund for themselves.
* Evaluate every small expense – Check if you are spending money on unnecessary cable, internet or phone service. Save on electricity and natural gas by opting for public transport whenever possible. Cut down on subscriptions for books, magazines, ringtones etc.
* Do not fall for marketing strategies and splurge on things you do not really need.

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