Update – dining out/food delivery cost cutting challenge

It has been another 3 weeks on this challenge to reduce my spending on dining out and food delivery. Things are looking good. I didn’t dine out alone or order any restaurant food delivery in the past 3 weeks. I had this habit that if I am out, I am constantly thinking where there isContinue reading “Update – dining out/food delivery cost cutting challenge”

Restaurants expense cutting challenge update

It’s been 2 weeks since I started this challenge. It is going well! 😊 I didn’t order any restaurants delivery in the past 4 weeks. I did deploy all the solutions or tricks. I started to learn new, easy and delicious recipes. How about roasting a whole eel? Just put a bit oil, salt andContinue reading “Restaurants expense cutting challenge update”

Restaurant expense cutting challenge

The biggest expense is restaurant delivery and dining out. When I am home and tired of my own cooking or craving for something I can’t make, I will order restaurant delivery via Apps. It is quite expensive. I uninstalled all the restaurant delivery Apps from my phone. I still have Uber because I might needContinue reading “Restaurant expense cutting challenge”

That darn monthly fee again!

Some banks require customers to open a chequing account when they open a line of a credit. The objective is to gain the sweet recurring revenue from the monthly fee of the chequing account. Some people use line of credit as an emergency fund. The interest rate is so high, so the cost of borrowingContinue reading “That darn monthly fee again!”

Do you need overdraft insurance?

Someone asked me whether it is necessary to buy overdraft insurance that costs $5 per month. It is a very nice recurring revenue for the bank with very high profit margins. The bank doesn’t need to do anything and just collect money. Once, I was charged $40 insufficient fund fee because I made a mistakeContinue reading “Do you need overdraft insurance?”

$20 bank fee per month!

If you are still paying the bank fee, perhaps you could consider whether to switch to a no-fee bank account from an online bank whose overhead cost is much lower than the brick-and-mortar ones. I just heard $20 per month for a chequing account with one of the big five banks in Canada. The feesContinue reading $20 bank fee per month!