Tools And Tips To Save You Money

Tools And Tips To Save You Money

Saving money is a journey.

And like every journey, it helps to have a couple friends to help out along the way.

That's why I created this one-stop page for products and tools that I recommend – and use myself.

These money tools will help you stretch your dollar further than you thought possible. That way you can get more of what you want, and spend less than you think.

No fluff. Let’s go straight to the list of products, tools, and deals I use and think are valuable:

Get a no-fee bank account

First things first. Get rid of unnecessary fees.

It's simple – why pay for day-to-day banking when you can get it for free?

There are now a number of virtual banks that offer no-fee chequing and savings accounts by not having brick-and-mortar stores. Instead, everything is done online.

No-fee chequing account

I use Tangerine for my chequing account – and right now you can get up $200 in cash bonuses if you're a new client.

Open a Tangerine account: Click here
Use this Orange Key: Orange50

You'll get your first bonus of $50 once you deposit at least $100.

Then, for the next $150, you have to:

  • switch 2 pre-authorized payments of $50 or more to your new account for 3 consecutive months, or…
  • set up a payroll direct deposit for 3 consecutive months.

Not bad for $200.

No-fee savings account

But for your savings account, you might want to consider EQ Bank – they have one of the highest regular interest rates in Canada.

Get 2.30% interest* rate for no monthly fee and no minimum balance. You'll even get free unlimited Interac e-Transfers®.

Open an EQ Bank Savings Plus Account here.

Get rewards with your credit card

Despite their negative reputation, credit cards are actually a great way to save money and earn rewards with every dollar you spend.

Of course, there's the necessary disclaimer to make: credit is not free money. Always make sure to pay your balance in full every month.

The best credit cards will give you valuable rewards on every purchase, from travel points to straight-up cash back. Plus, you'll often get a whole suite of insurance and perks at no extra charge.

The American Express Cobalt Card, right now, is my favourite credit card in my wallet. Flexible rewards, 5x points in 3 bonus categories, up to 30,000 point welcome bonus, 9 different types of free insurance, and more.

Not sure what credit card is best for you? Take this credit card quiz and get personalized recommendations in 3 minutes or less.

I also update my list of the best credit cards in Canada every year.

Or if you want to investigate and do your own comparison, check out my credit card comparison tool.

Bonus: read how to get a credit card annual fee refund.

Save money on travel

Even if I’m only a baby travel hacker, I’ve enjoyed getting free flights and free hotel accommodations in both North America and Europe – I even flew my in-laws to Asia first-class...using points.

Here are a couple travel resources I've written over the years:

Save money on shopping

Whether you love it or you hate it, you have to shop eventually. Might as well save money while you do it.

Save money on groceries

Download this free Grocery Store Price Comparison Spreadsheet so you can easily compare the prices at your local stores.

Or if you’re looking for grocery apps, you can also check out this list. Or make your own coupon binder.

Get free shipping on everything you buy

You can bookmark this list of Canadian stores with FREE shipping. Or download this 1-page list of the top 20 stores that offer free shipping.

Always get the best deal

Mastering the art of stacking is learning the secret sauce of getting the best deal.

It's also a good idea to get a handle on price checking and price matching.

Trim your monthly expenses

It's no secret that your monthly bills can really drain your account. Figuring out how to maximize what you have and get the best deal on what you're getting can go a long way.

Save money on your car

If you don't have a car yet, here are some resources to get around some of the biggest questions and marketing tricks you'll encounter:

Once you have your car, here's a quick list of resources to trim the expenses that come afterwards:

Save money on gas

Save on gas without changing your driving habits.

And here's a list of best credit cards for gas discounts.

Cut down your bills

Here are some things to consider when it comes to your utility bills:

Save money on entertainment

Smart Savers don’t need to be stuck at home, having fun is part of life:

And if you’re looking to stay in, here's a couple of ideas:

Earn some extra money

From time to time, I update this list of available free gift cards of up to $100 to popular stores.

Can anyone really afford to ignore legit free money? Here’s 14 ways to get some.

Looking for ways to get MORE money in your pockets?

Get more from Canadian rewards programs

Sure, these programs are meant to create loyal customers out of us. Does it work? Sometimes. I’m a member of about 30 rewards programs. But here are my two favourites.

PC Optimum

The best rewards program in Canada. Period. You’re a pro if you’re willing to wait for big sales, get the 20x bonus points, and/or redeem points.

Here's the ultimate guide to the PC Optimum program.

Aeroplan

Aeroplan gives amazing value if you redeem your miles for flights and if you’re willing to be flexible.

Here's how to earn faster and redeem better with Air Canada's Aeroplan rewards.

What an Aeroplan Mile is worth? I tell you in this post. Or if you want to read later, get this free PDF download.

Ok, what about Air Miles, you asked? It’s NOT my favourite. But if it’s yours, then here are 5 best ways you redeem your Air Miles. Want the PDF version? You can download it too.

Big fan of ultimate guides? Here's one for Air Miles.

What are some of your best tools?

Let us know in the comments what your go-to tips for saving money are!

Disclosure: Some links in this article may be affiliate links. We're letting you know because it's the right thing to do. Here’s a more detailed disclosure on how HTS makes money.

Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity.

Hot Credit Card Deals This Month:

  • COMING SOON: No foreign transaction fees + up to 5X reward multipliers
    • Coming August 1 to all cardholders:
    • 0% foreign transaction fees – a 2.5% savings.
    • 5X points on groceries, dining, and entertainment.
    • 3X points on gas, daily transit, and select streaming services.
    • Apply today to qualify for the lower $99 annual fee this year.
  • Pay Your Balance Faster with 0% Interest for 10 Months
    • Best introductory balance transfer offer in Canada right now.
    • Pay off pre-existing credit card debt with a 0% promotional balance transfer rate.
    • No annual fee and no minimum income requirements.
    • Offer not available to residents of Quebec.
  • Best credit card in Canada for 2 years in a row
    • Our top rated credit card in Canada in 2018 and 2019.
    • Earn up to 30,000 points as a welcome bonus in the first year.
    • 5 points per $1 spent on groceries and dining.
    • 2 points per $1 spent on travel, transit and gas purchases.
    • Monthly fee of $10 instead of an annual fee.
  • Rate Your Wallet in 3 minutes or less. Take the quiz

Comments

Ian
Ian's picture

You have a great guide on how to save money on gas "without changing your driving habits", but I think it would be awesome to write up an article on basic good driving habits that many people lack. Ie people love to accelerate into red lights instead of coasting, which wears break pads prematurely and quite literally wastes gasoline by converting it into useless heat. On the freeway, doing 120 km/h instead of 100 burns 20% more fuel per km due to a massive increase in wind resistance... obviously 100 is too slow for our highways, but doing 105 instead of 120 results in huge fuel savings!

There's quite a few tips here: http://www.nrcan.gc.ca/energy/efficiency/transportation/cars-light-truck...

May 03, 2017 @ 4:40 pm
Judy
Judy's picture

Does anyone know if you have to open a Tangerine cheque get account in order to open a savings account? I don't want to switch all my banking around, but would like to do a direct debit payment into a higher interest savings account like Tangerine from my existing cheque get account where all my other direct debits and deposits already go. I pay very minimal fees on that account so am comfortable leaving things there.

January 19, 2019 @ 3:04 pm
HowToSaveMoney Team
HowToSaveMoney Team's picture

Hello Judy,

No you don't have to open a Tangerine chequing account in order to open a savings account with them. They make it easy to transfer your money from your existing accounts too, so there's no hassle.

Might as well try it out, it's free!

January 21, 2019 @ 10:16 am

Post new comment