Saturday, November 08, 2014

Common Cents with Gail Vaz-Oxlade and P&G #PGmom #FLM2014 #Giveaway

Did you know that November is Financial Literacy Month? Last month I had the opportunity along with my fellow P&G moms to listen to Gail Vaz-Oxlade, host of Til Debt Due U$ Part, Prince$$ and Money Moron as well as author of  17 books on personal finance.

For anyone who has seen Gail on TV, you know she's very engaging and supports a simplistic approach - but when it comes to money, a lot of people don't see things simply.

Among the tips she shared, there were a few that really stuck with me that I could immediately put in to practice. First was to use apps like Checkout 51 and Flipp to save on the go. Another was to switch my savings account to companies like Tangerine or Manulife which give more interest than the mortar banks. Also, to change your budget once a year - unless you change jobs, get a raise, move, have a child - anything life changing.

The long term tip I found slightly scary is this - for retirement, you should save ELEVEN times your income!


Here is Gail's Tip Sheet:

Do a spending analysis – Knowing where your money is going is half the battle. Go through your past six months of spending, including groceries, household expenses, utilities, rent/mortgage, clothing and entertainment, and analyze just how much money went where. You want to understand the areas in which you’re overspending.

“Common Cents” comparisons – In addition to doing a spending analysis, it’s time to shop smart and look for products that will stretch your dollar. So many people default to value brands thinking they equal savings. Not always! If you need to use more of a budget-product or rewash items to get the same results you’re not saving a thing. Look to trusted products such as Tide Simply Clean and Fresh, Charmin Basic and Ultra Dawn that offer value and efficacy.

Plan your purchases and stick to your budget – To avoid impulse purchases, plan head, make a list, and use cash! Avoid overspending by taking cash from the ATM twice a month and planning how you’ll use that money. When it’s gone, you’re done shopping.

Common “Cents” Couponing – Common sense couponing can equal cash! Websites such as savingmadesimple.ca offer deals and coupons to save on products you already use and love. Flyers can also be a useful tool for finding great deals from the stores you regularly shop at and for price-matching.

Save your savings – Too often people don’t actually save their savings; they simply find another way to spend it. Working towards a big goal like a vacation or a special purchase? Every time you save a cent by shopping smart, send those savings to your high interest savings account where you can watch them grow.

Don’t be a money moron – In the end, it’s important to be conscious of what you’re doing with your money. Be conscious of how you’re using your money so you’re always working towards reaching your goals.

One lucky YYZ Bambina reader will win a Common Cents giveaway valued at approximately $40, including:
By entering the following contest you are accepting that if you win your contact information will be shared with a P&G PR and shipping agency for the purpose of mailing your prize. Please allow 4-6 weeks from the contest closure date to receive your prize. This giveaway may appear on other blogs as part of the #PGmom program. However, to be fair, you can only win once per giveaway. If your name is chosen more than once, another winner will be selected. All winners must be from within Canada excluding Quebec. Valid entries only. Contest ends November 24th, 2014. For further contest rules, refer to the Terms and Conditions within the Rafflecopter. 

a Rafflecopter giveaway

Disclosure: I am a P&Gmom/mamanP&G. As part of my affiliation with this group I receive products and special access to P&G events and opportunities. The opinions on this blog are my own.

© 2014 YYZ Bambina. All Rights Reserved.

78 comments:

  1. Do meal planning for the week and only buy what you need to eliminate food going to waste. (Judy Cowan)

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  2. I use coupons and I price match to save my family money

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  3. When not in use turn off your electrical appliances like the TV and laptops, and not leave on standby mode

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  4. Create a budget, meal plan, use lists and a calendar to stay on track

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  5. price matching and coupons - shoppers drug mart optimum points!

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  6. I like combining sales with coupons. More bang for your buck.

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  7. check your fliers for sales and make it even better by using coupons

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  8. Use an indoor clothes line, to save on electricity.

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  9. Use coupons and price compare.

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  10. I use coupons and wait for items to go on sale before I buy them.
    Florence C

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  11. Find out what day your local grocers mark products down. Its a great way to find cheaper meat that can be frozen. Coupons are great too!

    RAFFLECOPTER NAME is Anne Taylor

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  12. Natalie11/08/2014

    My best money saving tip is to create a budget and stick to it (coupons, flyers and self-control help)

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  13. Never buy something on impulse, wait at least 2 days

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  14. make a list and use cash

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  15. I price match, use coupons and buy things in bulk sizes to save.

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  16. Don't give in to impulse buying. Sit on a decision for a couple of days. Read and research the thing you want. Even if you do end up buying it, you might end up buying at a lower price found while you were waiting.

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  17. use apps like Checkout 51 at all times

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  18. Victoria Ess11/09/2014

    Stock up when there is a good sale.

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  19. I dont know that I have any unique tips for saving money other than looking for things on sale and using coupons as often as possible. I also have found that if I make it a rule for myself not to impulse buy and I usually decide later that it was something I didnt really need and that saves me alot of money

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  20. Read the laundry soap bottle just about everyone uses twice the amount needed.

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  21. Save water and shower with your husband! Also shop the sales and use coupons and stick to your budget!

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  22. Meal plan, meal plan, meal plan....

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  23. My tip us to make sure you get everything you need for the whole week when you do your big shop. I always end up spending tons of money every time I go into the store, so the fewer times I'm there a month, the more money I keep in my bank account.

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  24. Use coupons and stock up on pantry staples when they are on sale.

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  25. Buy used items where and when you can or take hand me downs from friends and family. Not everything has to be brand new!!

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  26. couponing and price matching

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  27. Watch for sales and buy in bulk when it's a good price!

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  28. always check out the flyers when making your grocery list and meal planning

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  29. Budget your groceries, use coupons, price match

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  30. I only allow myself to carry so much change in my wallet - anything above that goes in a "piggy bank". The money cumulates rather quickly and then I take it to the bank.

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  31. Use coupons,of course!.And check flyers for sales before grocery shopping!
    (Karla Sceviour)

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  32. Use coupons and buy when on sale

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  33. My tip is to use coupons on top of sale items. Sometimes you can get free items this way!

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  34. Meal plan and coupon!

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  35. Make a budget and try to follow it :), watch the sales and match coupons with the deals

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  36. Coupons are free money. Use them wisely and well.

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  37. Always check for coupons and price match with other stores

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  38. One money saving tip I use that has worked for me so far - buy seasonal clothing for the next year at the end of the current season at huge discounts. For example, for the last 8 years I have bought my oldest child a winter coat, hat and mittens for at least 80% off during the winter clearance sales. So far she has never skipped a size, and the styles are always pretty classic so I have never heard "I don't like that." Plus I have another younger daughter who can eventually wear them if the older one doesn't end up doing so. I do the same thing with shorts, swimsuits etc. It has saved me a TON of money.

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  39. Always start with a budget. And then stick with it.

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  40. Watch sales flyers often..buy when on sale and purchase by the case..huge savings in the end..bring those coupons and use them

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  41. Coupons and price match are you best friends.

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  42. I check the flyers each week to see what it on sale and see if I have coupons to match the sale items

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  43. Watch the flyers for sales and shop accordingly.

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  44. Stock up on items when they are on sale. I'd rather store some things in my basement than have to pay double for them because I've run out!

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  45. I combine sales with coupons whenever i can to save even more!

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  46. Stock up on sale items that you use frequently.

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  47. I like to thrift shop for alot of things...I enjoy the hunt. If you can wait buy things on sale only.

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  48. JENN ERIN11/11/2014

    make and stick to the grocery list and use coupons

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  49. Watch the flyers for sales and then use your coupons.

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  50. use cash and buy several items while on sale

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  51. Shop clearance racks

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  52. My advice is to not buy what you don't need. As well, don't buy in bulk what you won't eat or use.

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  53. Check the flyers for deals and match with coupons.

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  54. I plan our meal menu for the week. If we have remainders after that week, we budget for one less day for every meal we have excess. For example, if we decide Lasagna, but we are invited to a church meal, then we have the Ladsagna for the next day and put our menu one day forward saving us a meal.

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  55. I use coupons and stockup when things are one sale

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  56. When going grocery shopping do leave house hungry and stay on budget!!

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  57. sarah w11/12/2014

    When shoping for groceries, always look through your flyers to price match and use coupons.

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  58. i meal plan which helps us

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  59. We price match and use coupons

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  60. Make sure you know the difference between a need and a want.

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  61. Put away a regular sum into a different account. It will add up over time and because it will be a regular withdrawal you will find that you won't even miss it! (Suzi)

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  62. I stock up on items when they're on sale, price match, and use coupons.

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  63. I use coupons whenever I can.

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  64. I use coupons when I can.

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  65. price matching is the best!

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  66. Make a list of needs vs wants and try to stick with it.

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  67. Use coupons, price match and watch for sales

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  68. Stock up on items you frequently buy when they are on sale for a good price.

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  69. Only buy what you need and use coupons when you can

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  70. Make your own coffee to go at home.
    Cheers.

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  71. Chris Stockford11/18/2014

    I coupons and I price match to save my family money

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  72. Have auto deposit into a Savings account like RRSP or TFSA every month to force you to save.

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  73. Price match and use coupons at the same time

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  74. I like to use my PC mastercard so that I get points to buy my groceries with.

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  75. Price match
    sara rai

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  76. Look for sales and comparison shop!

    billiondollarprincesss@hotmail.com

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  77. Eldon L11/24/2014

    Use coupons while the item is on sale

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