Can Grocery Gateway Save You Money?

What Is Grocery Gateway?

First Published Date: July 2, 2014

Grocery Gateway is a an online grocery grocery store servicing the Toronto area. It is a part of premium grocery chain Longo’s. The idea of Grocery Gateway is fairly straight forward. Instead of going to the grocery store, the grocery store comes to you at a time of your choice. And yes, depending on some factors you may be able to save money with Grocery Gateway.

What’s The Minimum Purchase Required?

The minimum amount of purchase required is $45 at Grocery Gateway. During the checkout, you can pick several delivery windows from 6:00 AM to 10:00 PM for the next few days. The delivery fee is $9.95, regardless of order size, as long as the $45 minimum is met.

When Grocery Gateway Can Save You Money

If you do not own a car, like many other people who live in big cities, Grocery Gateway is a convenient option to save money and time. For example, if you are getting weekly or monthly groceries, it may not be possible to use public transit and you will end up taking a cab. A taxi ride from my nearest grocery store to my place comes close to about $15 + tips. For some of us, a taxi ride from the nearest grocery would cost a lot more. In situations like these, $9.95 delivery fee is definitely a bargain. Plus you are avoiding the hassle of carrying bulky items by yourself.

When Grocery Gateway Will Not Save You Money

For those of you who have cars, Grocery Gateway may not make sense, as it is easier to just drive and pick up your groceries.

What I Do

I take a mixed approach depending on what I need and when I need it. I have to pass by 3 grocery stores on my way from work to home. For most of my daily necessities, I pick up an item or two as I need them. However, when it comes to bulky or heavy items for which I would have had to take a taxi, I use Grocery Gateway instead and save money. This usually happens once every 2 months or so.

Last Word

Not all big cities have services like Grocery Gateway. If your city has similar online grocery stores like Grocery Gateway, you can save money and time depending on how you utilize it.

$3.30 Per Month Home Phone Plan?

VOIP Home Phone Offers Incredible Savings

Published Date : August 14, 2013

Is it possible to have a home phone service from $3.30 to $4.95 per month in Canada? If you think of a home phone literally connected by wire to the phone companies such Bell or Rogers, it is impossible to have a phone service that cheap. Actually, a basic home phone service from Bell or Rogers with almost no features will cost you around $30 to $40 per month. However, if you consider VOIP home phone just like a regular home phone, then yes, it is possible to have a home phone service with lots of features at the price I mentioned above.

VOIP home phone uses your existing Internet connection to offer you cheap home phone with the same voice quality and much more features than a traditional home phone at a fraction of the cost. There are many VOIP home phone service providers in Canada these days. However, these three providers are worth considering in terms of value, quality, and abundant features.

Nettalk – Basic plan costs only $3.30 per month with many features and 3000 minutes per month. First year is free with purchase of the VOIP device, also known as the adaptor.

Ooma – Basic plan costs only $3.98 per month and comes with 21 features and 5000 minutes. Want 44 features that you never thought even existed? It will cost you $9.99 per month.

Fongo – Unlimited minutes and 11 premium features cost $4.95 per month.

For any VOIP home phone services, initially you need to purchase an adaptor that would cost somewhere between $50 to $150 depending on the provider. And also, you need to have Internet service at home. Nowadays, I have seen many homes without a home phone, but I haven’t any homes without Internet. It is time to get more out of your Internet by having a VOIP home phone and stop paying unnecessarily for a traditional home phone.

Teaching Kids Not To Spend All Their Money

Kids Should Not Spend All Allowances At Once

First Published Date: April 25, 2012 ADawnJournal.com

Teaching kids about money should start at an early age. The money management skills you teach them today will go along a long way and can make the difference between a well-managed financially successful adult or someone who is living paycheque to paycheque.

Giving kids an allowance should start at an early age. However, the art is to teach them how not to spend it all and save some for the future. The basics of budgeting should be considered while talking to kids about not spending all their money. Instead of leaving them without any guidance after giving allowances, it is recommended that you break down their allowances into pieces in terms of how it should be used. For example, 10% should go to charity, 10% should go to buy a science magazine, 10% should go to the piggy bank, and so on.

Some of the biggest challenges parents will face managing allowances or saved money from past allowances are misbehaviour and identifying the distinctions between wants vs. needs. Misbehaviour can be managed by applying a few rules for violating a good behaviour. Try to explain first that this is (a misbehaviour) something not acceptable and there will be consequences if it happens again next time. If kids do the same misbehavior again, stopping allowances for a few weeks or a deduction can be tried. However, be careful not to implement something too harsh. The differences between wants vs. needs can be addressed by talking to them. If they are asking for something unnecessarily, have a conversation if they are willing to give up (spend) their allowances to buy this, and this is something they need it enough to buy right away.

Parents play the most important role to instill right money habits on kids from the beginning. Whatever you are teaching them now will become a lifetime habit. Habit from childhood is something very hard to break. So it is important to give kids some positive money habits that will lead them to the highway of financial success.

Should You Pay Off High Balance or Low Balance Debt First?

Tips For Paying Off High Balances or Low Balances First

First Published Date : May 13, 2012 ADawnJournal.com

Paying off debts involve making plans and sticking to them vigorously to get rid of all debts. One simple question always comes to mind while making debt payment plans, whether to start paying off low balances or high balances, low interest or high interest debts first. Today, I will discuss which strategies to pick and what to consider in terms of getting rid of your debts.

Let me tell you right up front that there is no best right answer. Paying off high balances and paying off low balances – both strategies have positive and negative sides. I personally like starting with low balances without looking at interest rates.

Pros and Cons of Paying Off Low Balances Without Looking At Interest Rates

– If you start with paying off lower balances, seeing those smaller debts evaporate will keep you motivated to stay on your debt management plan.

– Easier to manage your finances, as you are reducing smaller debts one-by-one.

– This strategy can cost you more money in the end, as you may be carrying higher balances with higher interest longer.

– Makes your life stress free, as you are dealing with less debt accounts day-by-day.

Pros and Cons of Paying Off High-Interest Debts Without Looking At Balances

– Best strategy to save money on interest charges

– You may get discouraged to stay on debt management plan seeing debts not going away soon enough.

– If you have higher balances with lower interest charge, this strategy does not make managing your finances simpler, as you are dragging the low interest debts longer.

Last Word

Which strategy is best to follow? It depends on your situations and objectives. Before deciding on anything, look at the pluses and minuses for both of the strategies and pick the one that makes sense for you. And yes, don’t forget to stop taking on new debts. No debt management plans will work if you don’t stop accumulating new debts first.

5 Tips To Financial Minimalism

What Is Financial Minimalism?

Published Date: July 2, 2012 ADawnJournal.com

Financial minimalism can translate to different things to different minds – depending on how you interpret it. My own basic interpretation of financial minimalism would be to get rid of financial clutter that you don’t need to make life simpler and stress free financially.

5 Things You Can Do Right Now To Be A Financial Minimalistic

Get Rid of Bank Accounts You Never Use – Most of us keep 3 to 4 bank accounts, but we usually use only one on a day-to-day basis. Identify the bank account you can’t live without and close all other bank accounts. Better yet, if you need to keep a chequing and a savings account, keep it with the same bank and it will be like keeping one bank account without dealing with two banks.

Keep Credit Cards To A Minimum – There is no reason to keep 5 to 10 credit cards you never use. Keep only 2-3 credit cards and maintain these cards at zero balances by paying the amounts you charge in full every month.

Automate All Your Bill Payments – Arrange all your monthly bills such as electricity, water, telephone, Internet, mortgage, etc. to come out of your bank account or credit card automatically every month so you don’t need to spend time paying these bills again. Better yet, if you have a reward credit card, use it to pay your bills and collect reward points.

Keep Investments Minimal – Holding 20 stocks, 15 mutual funds, and numerous other investment products in your portfolio makes life complicated. The time and hassle you will go through to maintain all these investment products are not worth it, and having limitless products will not make you rich. Read reputable financial sites regularly to get ideas on how to make your financial life simpler and a better one.
 
Get Rid of Debts – Get rid of all your bad debts and keep only good debts. Bad debts are those which are costing money and making no money for you such as credit card debts, car loan debts, vacation loan debts, etc. Good debts are those which are giving you more returns after subtracting interest payments such as investment loans, mortgage, education loans, etc.

These are only some, but not all of the tips that can get you on your way to financial minimalism. There are so many other steps you can take to become a financial minimalist. The art is to find out which steps work for you and apply them one-by-one to live a clutter and stress free rich life.