Tips to make the most of your income

(NC) As the rising cost of living affects more Canadians across the country, we’re all looking for ways to stretch every dollar. Here are some tips to make your money go further without sacrificing your quality of life:

• Track your spending. It can be hard saving money when you don’t know exactly where it’s going, so start by tracking your spending for a month or two. Do you spend more on takeout than you thought? Cooking more meals at home could be a great way to save. Do you have magazine subscriptions, software licenses, or gym memberships you rarely use Set a quarterly reminder to review recurring payments and cancel anything you haven’t used in at least a month.
• Spend intentionally. This means refraining from impulse buys, and making sure all purchases are things you truly need or want. Keep a list of items you’re on the hunt for, whether it’s a new sweater or air fryer, and avoid shopping for things outside of it, even if they’re on sale or trending. If you see something you’re tempted to buy, step away from it for a day or two and only get it if you're still interested.
• Focus on your priorities. Everyone has different things that are important to them, whether it’s travelling or a gym membership or saving for retirement or your kids’ education. Once you’ve identified your priorities, use your money for them first. For example, if you’re dreaming of an amazing vacation this year, consider doing free online workout videos from home instead of paying for the gym.
• Make a meal planning routine. Food can be one of our biggest expenses, but it doesn’t have to be. With thoughtful meal planning, you can focus on making nutritious, affordable food and avoid wasting items that expire before you can eat them. To make it fun, look up creative recipes online that use whatever produce is in season. You can also use apps to find sales or free or discounted produce.
• Look for support. There are more resources out there to help than you think. For example, if you’re finding it hard to afford a reliable mobile phone connection, you can check out Telus Mobility for Good, a program that offers low-income families and seniors free devices and low-cost rate plan. To date the program has helped over 66,000 people across Canada stay connected to their networks and critical social supports.

Learn more about affordable ways to stay connected at telus.com/mobilityforgood.