Have you done your tax return yet? If not, it may be a sign that you are falling into some bad financial habits. Most often, when people find that they are strapped for cash, it’s not because they aren’t making any money – it because they are simply not managing it well. Especially if you run your own business, good money management is of paramount importance.
Last month on Moneyville.ca, Krystal Yee wrote about the most common money mistakes that people make. She contends that avoiding certain bad habits will vastly improve the economic situation of many an individual. Some of us simply have bad habits that need to be broken. We’d like to take a look a list of some of those today.
Relying on your parents. It’s time to flee the nest people! Even if you’re not still living at home, it’s important to find a sense of independence as it relates to your finances. “It’s time to grow up and take control of your own life,” writes Yee. Remember that your folks won’t always be around to help you out. So learn to stand on your own two feet now!
Delaying saving for retirement. Yee writes that it’s never too early to begin saving for your retirement. Many people tend to not even consider their financial situation at retirement because the time seems so far away. It’s important, however, to invest in your future to ensure that you will be financially stable well after you are no longer working.
Having a bad attitude towards money. You know how some people just tend to complain about money all the time? Those who put themselves into negative states of mind tend to never get out of them. Know anyone like that? They’ve probably been stuck in the same financial state for years with no sight of getting out. It’s time to think positively. Change will come.
The balance transfer game. Earlier this week, one of our clients filled us in on a simple tip about how to save money. “Only buy things that you can afford,” he insisted, “If you have to extend payment on something, don’t buy it. Other than a house or a car, you shouldn’t be paying interest for a thing. Interest is a killer!”
Yee concurs – as do we. She writes that too many people tend to make use of balance transfers only to find out that they don’t ever get them out of debt. Instead, consider lowering your budget and simply spending less. It’s important to have a good grasp on how much money you’re making so that you can properly determine how much you can spend.
Being too generous. Everyone loves generous people. But be careful not to put yourself into debt by being such a sweetie. Find a way to be generous for less instead of overspending on gifts, dinners and vacations. Some people are easily persuaded, says Yee. Don’t be one of those people! Break your bad habits and build up that bank account!
“Imprezzio Marketing has been with MeloTel for 4 years and their service has been outstanding over the years. Their customer support team is always extremely helpful and always responds and resolves any issues that we have. Thank you MeloTel for providing us with such great service. READ MORE"
“When TK Enterprises found MeloTel 2 years ago, it was in a crisis situation. Our previous VoIP provider had left us in the lurch and within days, MeloTel had us back up and running and we’ve never looked back since. We started with VoIP services and have worked with them to bring our company’s technology levels up to be more cutting edge and competitive while reducing costs and mitigating risk the entire time. READ MORE"
“Benjamin Verde Incorporated has been a loyal MeloTel customer since 2013. We are able to provide a variety of Artist and Entertainment related solutions such as Web Hosting, Artist Marketing and Artist Funding to clients across Canada. By utilizing MeloTel’s robust products and services our agents are able to provide fast and efficient customer care to various radio stations, record companies, independent artist as well as popular international brands via Benjamin Verde’s VXCO.net portal. READ MORE"
“As the leaders in promotional advertising with over 25 years experience we strive to satisfy all of our clients’ needs when it comes to marketing them and their businesses. We go over and above to make sure that all of their advertising demands are met with no exceptions. MeloTel and Synergy have been in business together since providing exceptional VoIP and technical services. READ MORE"
“I have been a MeloTel customer since 2009 and wanted to tell you how much my whole office appreciates your services. Life becomes a lot easier when someone is there to help when we need it. That kind of service is why we will remain a loyal customer for many years to come. Thank you! READ MORE"
“Toronto Cosmetic Surgery Institute is a plastic surgery clinic, located in downtown Toronto. On site we have a fully functional, state of the art surgical facility. MeloTel assisted us when we went paperless a couple years ago in replacing and restructuring our computer hardware and network. They have been providing us with IT support ever since. Whether it be remote sessions that are required, or on site visits, the service MeloTel provides is always quick and efficient. READ MORE"
“Global Mentoring Solutions (GMS) is a North American based, white labelled outsourced help desk provider that partners with major ISPs, eLearning Support Providers and mid-market IT Service Providers. With MeloTel’s telephone infrastructure services GMS is able to provide support for over 8,000 technical support interactions per month! GMS has been relying on MeloTel’s expertise and professional support services since 2010. READ MORE"