A Money Coach in Canada

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Time to get back to some basics – fun basics – about being smart with money on my blog.

So here’s a lite one for today with the potential to save you money depending on how many readers leave comments (hint hint).

Q: What’s one thing you’ve spent money on that ultimately saved you money?

A: (from me) – my moka and a little whisking devise that froths the hot milk. Lattes every morning, and I genuinely prefer my own to the ones I buy = saved probably in the neighbourhood of $100/month.

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(photo credit: Yakobusan)

A: from my blogging buddy who’s doing his PhD in Environmental studies: his laptop bag (sorry – I don’t fully understand this – you mean you got a good deal? if so, where? or do you mean it’s sturdy and has protected your laptop?)

 Over to you, readers!  What have you bought, that saved you money?

About the Author


Imagine if Canadians were known for being all over their money. Engaged. Proactive. Getting out of debt. Savvy. Saving. Generous. Nancy wants to help. Nancy started her own journey with money over 15 years ago, and formed her company “Your Money by Design” in 2004 to help others along the same path. It’s not the usual financial advising/investment stuff. It’s about taking control of day-to-day finances –managing monthly cashflow effectively, spending appropriately, getting out of debt, saving. If you're ready to take control over your finances, pop by her business site, YourMoneybyDesign.com

16 Comments

  1. Hello Nancy 🙂 Thanks for the nod!

    Actually I meant it in both ways. First, in the sense that I saved money by finding a great bargain (Best Buy @ Cambie and 7th Avenue). I kept scanning newspapers, flyers and so on and so forth (none cheaper than $ 60). But I went into the Best Buy and just looked at the bags, and they had a *really* good deal (20 Canadian dollars for a bag that was originally $ 85).

    And yeah, in the second sense – it’s a bag that is sturdy and has protected my investment! Hope this counts 🙂

    By the way, I’m impressed re: increase in Twitter followers… WOW

    [Reply]

    Apr 14, 2008
  2. Great blog! My partner and I got a new coffee machine last weekend so we would want to stay home more and not spend money on coffee. We also have chosen to plant a lot of herbs and veggies this year. Produce is not only expensive up here but is often in very poor shape by the time we get it. We spend a lot of money on seeds and pots but already we have lettuce for salad, herbs for cooking and tonight I am cooking the first of the carrots.

    [Reply]

    Apr 14, 2008
  3. E

    Probably through the use of Aeroplan credit card. Using it to get air
    miles to pay for a business class flight for Sean & myself for our
    honeymoon. ‘Coz there are cheaper credit cards out there …

    [Reply]

    Apr 14, 2008
  4. @Karin – a) HELLOOOO — I’m delighted to see your blog, and delighted you popped by. I’ll watch your blog for herb progress. I have a tiny balcony, and tried last year, but didn’t have good drainage = dead herbs. whimper.

    @E yup, sometimes credit cards can definitely work in our favour, no doubt about it!

    [Reply]

    Apr 14, 2008
  5. kathy hamm

    a tent and an air mattress! Spent less than $200 and have a wonderful, cheap way to enjoy the summer vacation. As long as you have a warm sleeping bag (Alberta nights), a warm husband, and a quiet campground, it can be very fun and a little adventurous as well! Saved a lot of money on renting cabins….

    [Reply]

    Apr 14, 2008
  6. Angela

    I think food and drinks from grocery store in general save us money. Then, I don’t have to spend money on buying lunch. 🙂

    [Reply]

    Apr 14, 2008
  7. Ruth

    Hey Nancy, all the time. It’s called year passes to Aquarium, Science world and Costco. Saved loads of dollars and my sanity in the process!!!
    Interesting thought though hmmmmm

    [Reply]

    Apr 14, 2008
  8. cannon_fodder

    I can think of lots of things that I’ve paid less for, but for things that have actually saved me money is a bit harder. Off the top of my head:

    – rechargeable batteries
    – perennial flowers
    – marked down quality meat at grocery store (I get a very good steak at a price far less than a restaurant meal which means I’m less inclined to go out)
    – larger size of many consumer packaged goods since the per unit price is usually much cheaper (e.g. shampoos, cereal, OJ, etc.)
    – USB memory stick (haven’t had to burn a data CD in years)
    – recycle bins (not so obvious but we would use 2x as many large garbage bags without them)
    – very long extension pole (we attach squegee and are able to clean the outside of all windows on the 2nd floor)
    – compact fluorescent bulbs (although this may take years for the savings to accumulate)
    – PAP2 Voip adapter (we now have an unlisted telephone number – which reduced spam and telemarketing greatly – and got rid of our landline phone saving around $25/month)
    – home gym equipment (paid for itself many, many times over certainly with respect to memberships but also in terms of reduced life insurance cost, reduced health costs, increased ability to enjoy life)

    [Reply]

    Apr 15, 2008
  9. Oh. I missed that one. I purchased a $40 webcam and now I call Mexico all the time for free. So, no long distance charges 🙂 … I use Skype to talk to my parents.

    [Reply]

    Apr 15, 2008
  10. @Kathy Thanks for popping by! Wow, notes in study hall (actually, did we ever?) and now notes on blogs. In my case, warm daschunds would have to do 🙂
    @Angela I think that’s the #1 thing for me, too. When my fridge and cupboards are well stocked, things go well. When I don’t take time for grocery shopping, too much money goes down the drain on lunches out.
    @Ruth hmmm… I should do the same for VAG
    @cannon-fodder Hello! What a great list of ways to save. I just started using SKYPE (incredible! great service!) and thought about ditching my landline, but too scared about lack of internet service which happens about once/week still for me.
    @Raul yeah, I love Skype. Does your mac have its own video? (mine does) Curious if I need a webcam.

    [Reply]

    Apr 15, 2008
  11. @ Nancy – Don’t. Just don’t EVER ditch a land line. Internet can be unreliable. And Skype can also be unreliable sometimes. I don’t have a Mac. I’m always PC based 🙂 Yes, I know. Bill Gates.

    [Reply]

    Apr 15, 2008
  12. cannon_fodder

    We were able to ditch our landline years ago (and haven’t missed it) because we also have cell phones. Work provides cell phones for my wife and I and I’m not sure when it was made into law, but apparently all teenage daughters in Canada are required to have their own.

    [Reply]

    Apr 16, 2008
  13. I haven’t had a land line in 5 years and never miss it. I use my cell phone, Skype and my web cam. The odd time I have had bad reception for long distance but it has never been a huge problem.

    As far as spending money to save, last year we bought expensive cooking pans including a huge saute pan. Now, I often prefer my food to restuarant food, especially the expensive restuarants.

    Love cannon_fodder’s comment about teenagers and cell phones.

    [Reply]

    Apr 16, 2008
  14. Jennifer

    Hi Nancy. When I met my husband, I found a man who liked to cook. He had a routine of packing his next day’s lunch when serving himself dinner. When we moved in together, we expanded the recipes, became “almost” vegetarian, and continued the practice of cooking dinner and packing lunches. When I started to realize how much money I was saving, I eliminated other mindless social spending — lattes at coffee break, etc. This has allowed us to use our money n more thoughtful ways — mortgage, investments and donations to worthwhile causes.

    [Reply]

    Apr 16, 2008
  15. @Jennifer Thanks for popping by! Sounds like you two have really discovered how to eliminate the biggest source of needless spending.
    @MJ and @Cannon_fodder LOL re: the law about teenage girls. I still have too much Battlestar Galactica in me, I guess – in fact, I want to revert to an analogue (sp?) phone for good measure. In every other respect I’m nerdy and all over web 2.0 etc. But if the fateful earthquake day ever comes (and I live through it) I think I’ll want an old fashioned phone.

    [Reply]

    Apr 18, 2008
  16. Monica

    Electric clippers which I use to cut my husband’s hair, saving us tons of money on haircuts over the last 5 years.

    [Reply]

    Apr 30, 2008

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