Capital Mortgages is the best choice for First Time Home Buyers.

Six Easy Sacrifices to Save More Money

Contrary to all those myths you come across online, saving money requires tremendous amounts of self-control and sacrifice. There might take a couple of easy fixes that can save you a couple of hundred dollars, but there’s no easy shortcut to save thousands of dollars. The only way you’ll rake up significant savings is by sacrificing things in life. Here are six great ways you can save more money each month:

1. Give up Watching Expensive Cable

Who cares about television anymore in the internet age? All your favorite TV shows or movies can be streamed online for half of what average Canadians pays for cable. The internet is a one-stop solution for all your content consumption. So cut the cable, and you’ll easily save around $50 a month.

2. Travel Smart

If you don’t pre-plan your vacations, you’ll end up with a huge hole in your pocket. Do your research and book tickets in advance, look for cheaper hotels and discounts.

3. Don’t Switch Cars Often

Unless your car is falling apart and doesn’t get the job done, there’s no reason why you should be thinking of switching to a new one. Remember, when you’re looking to save money you have to give up luxury.

4. Avoid Eating Outside

We understand that your cravings for that cheeseburger will eventually persuade you to spend some cash. Considering that a cheeseburger may cost anywhere between $3-$10 if you eat about ten of those a month, you’re spending $50 for a minute’s thrill. Plus, it’s unhealthy. On the other hand, cooking at home saves you a ton of money.

5. Get a Smaller House

Who doesn’t want to buy a huge house? Most people fail to realize that buying a house or a condo is a 30-year project. If the economy hits a deadlock again, or if you end up losing your job for whatever reasons, you won’t be able to keep up with your mortgage payments and one fine day you’ll be bankrupt. Get a house that is just right for your family’s needs. For every $5000 you borrow at 4% internet with a 30-year mortgage, you will need to pay $23.87 every month. If you spend $20000 less on the house, you’ll save about $70 each month, and this money could be used to pay off your debt much quicker!

6. Used Cars Are Just Fine

Cars depreciate, so you’ll never recover even half of your investments on them. Make the equation simpler. Invest in a second-hand car, and you’ll save truckloads of money.

Capital Mortgages is the best choice for First Time Home Buyers.

Learn How Regular Home Maintenance Can Save Money and Time.

Protecting your home today means that you need to have an efficient home insurance coverage in place and a dependable house maintenance routine.

The insurance will cover the short-term unanticipated repairs like roof leaks, while the maintenance routine will prevent long-term surprises. If a roof is periodically maintained, this eliminates the need to replace an entire roof in cases of bad weather.

Do you want to keep the “surprises” of your house in check? Here are some pretty realistic home maintenance tips:

1. PREVENTIVE HOME MAINTENANCE TIPS
The regular repair of appliances and house material prevents long-term, complex maintenance and saves on costs like utility bills and the lifespan of these appliances. Notably, appliance manuals must be read before repairing the appliances.

2. FURNACES AND AIR CONDITIONERS
Regularly changing the air filters, at least monthly, reduces the amount of energy needed for air filtration.

To do this, examine the condensation and drainage lines of the air conditioner to check for blockage. Subsequently, ensure these and the intake screens are free from debris.

3. SINKS, SHOWERS, AND TOILETS
When faucets or toilets leak or run, they translate to overflowing water bills. Regularly replacing the washer or seal in taps can reduce water loss, and avert damage around a sink.

It is also imperative to check the flapper in a tank, as it deteriorates over time and may need replacement.

Remember to include drain strainers as they prevent large particles like hair or food from passing through and clogging the pipes.

4. WATER HEATER
Without the inclusion of installation costs, new water heaters cost an average of $800 to $1000. Therefore they must be maintained by flushing annually with a plumber. Any sediment stuck at the bottom of the heater is then released, thereby reducing damage to the entire unit.

5. WINDOWS
Drafts in windows result from cracks and unsuitable insulation, which translate to higher energy bills.

Checking the waterproof filler and sealant of windows every spring and winter calls out for repairing of any cracks present. This will prevent their expansion to larger cracks that need insulation.

6. GUTTERS AND EAVES TROUGHS
Regularly cleaning the above of debris can prevent flooding and avert water damage to a home.

7. ROOF
Roofs should be inspected for debris and shingles. While most shingles may last up to 18 years, harsh weather can damage them. Destroyed shingles cause leaks on the roof and disrupt the structure and tranquility of a home.

It is advisable to check the condition of your roof or conduct a professional, especially after a harsh weather occurrence, such as a storm.

TOGETHER, regular home maintenance can help prevent long-term costs!

Keep your surprises in check!