Savvy Ways In Saving Money And Thrive
Saving Money By Recognizing Value
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Kitchen Is One Of The Most Expensive Space In The House : Saving Money To Maximize Value and Minimize Costs
Live Fully At Affordable Prices
Welcome to today’s blog post.
Why spend a lot of money on kitchen and laundry appliances? You can pick ones that are easy to use and fix. After all, every machine breaks down at some point. Instead of throwing them away, think about fixing them. This way, you end up saving money and helping the planet. For example, we spent C$3,400 on our kitchen and laundry appliances eleven years ago. For that money, we got a fridge, stove, dishwasher, microwave, washer, and dryer. These machines have lasted well.
Consumer Reports helps you pick good brands that cost less. Moreover, some U.S. brands give you good value for your money. Most importantly, Consumer Reports shows you how to choose items that last. I made a list of the best inexpensive machines and shopped for them in Toronto. I found some on sale and bought them. They have been working great. Don’t forget, we use our kitchen and laundry almost every day.
Saving Money In A New Kitchen
Our Ikea kitchen cabinets cost C$3,500. Looking back, they were a smart buy. Back in 2013, Ikea kitchens got great reviews. Specifically, check out their hinges, drawer slides, and shelf supports. In comparison, more expensive options don’t always give better value. In addition, our quartz countertop cost only C$1,200. All in all, the total for the kitchen, including appliances, was C$10,800. So far, I’ve fixed the fridge handle myself. I hired someone to replace the stove’s control and changed the dryer’s belt & rollers. Luckily, I can still buy parts online. So the machines run well. In addition, I do basic care for the Bosch dishwasher by following the manual.
The kitchen can be the most costly room in your home. There’s the initial investment and then there’re the repair and maintenance after. That’s why it’s key to spend the money where it’s needed. In comparison, a Miele fridge costs just under C$12,000 today. By the way, Ikea Kitchens now have more choices than they did ten years ago. See if you can tell the difference between an Ikea kitchen and a higher-end brand.
Saving Money In Major Purchases
General Tips:
For big ticket items like cars, appliances, furniture, and renovation, always do your research first. This is true, especially as we get older. Avoid quick buys. Consumer Reports offers advice on what’s worth your money. While things like “feel” and “looks” are personal, how long something lasts is a fact. Also, check their section on used cars for tips.
Cars:
When buying a car, look for low costs to fix and run, good gas mileage, cheap insurance, low theft rate and high resale value. Indeed, a car is a big spend, not just to buy but to upkeep. Check Consumer Reports’ reviews. Certain brands are always on top of the “Reliable” list. And these may not be the prestigious brands.
Auto Insurance:
Car insurance can cost a lot. Thus, find companies that offer deals for seniors with good driving record. For example, I switched to CAA Insurance which gave lower rates to seniors after I added a device to track my driving.
Home Appliances:
Do your homework before buying home appliances. Because they are big, take effort to set up and get rid of, I like simple models that last and are easy to use. Most importantly, make sure you can get spare parts. Skip machines with too many electronic controls—they may not last. Consumer Reports shows which machines last longer and cost less. So, pick what fits your needs. Keep it simple.
Furniture:
When buying furniture, reviews are helpful, especially for lesser-known brands. For example, office brands like Herman Miller and Knoll have good designs for bad backs and postures. They both are known for their reliability. In Toronto, some shops sell lightly used office items at big savings. Surprisingly, you can adapt items like Herman Miller chairs for home use. Check them out for comfort and durability.
Ikea often puts out older models in their marked down section for sale at reduced prices. If you have an eye for value, you may pick up something valuable: click here to see current prices of vintage Ikea furniture at VNTG.
House and Yard Contract Work:
Unlike factory made items, house and yard contract work can’t be tried before you buy. Therefore, careful planning and budget work help you avoid mistakes and spending money in vain. I plan to write more about these topics soon.
Smart Shopping Tips:
To make wise choices, I list all the big buys I plan for the next year. Then, I subscribe to Consumer Reports for a month to check all my picks. This way, I choose based on facts, not ads. Some items in Consumer Reports have other names in Canada, so look up for what they are called here.
Local Reviews:
In Canada, sites like Wayfair and Ikea let users post reviews, which help a lot. Wayfair often has detailed reviews, while Ikea’s may be short. By using these tips, your big buys are better thought out. As a result, they bring value and joy for a long time. Big buys are costly and hard to get rid of, so picking things that last and work for you is one way of saving money.
Food and Grocery :
General Advice –
Many of us in Toronto shop at Loblaws, Pusateri’s, and Whole Foods and eat out at places like Canoe, Scaramouche, and Alo. As a result, food bills can be sky high. Thankfully, Toronto offers lots of choices for food buys. Here are some tips to saving money while getting good food. Read this article on how much grocery prices can vary from place to place.
Middle Eastern Grocery –
Where else can you buy a juicy, oven-roasted whole chicken for just $11 (as of April 2024)? You can get tasty foods like hummus, baba ghanoush, tabbouleh, falafel, and grilled eggplant at the hot table inside Adonis, a Lebanese grocery chain from Montreal, a partner of Metro, also from Montreal. Not to mention their exotic imported items – you’ll find goods from Belgium, France, and Italy at fair prices.
Their bakery makes many pieces of pita bread each day. Before Covid, I used to browse their imported cheeses. Gruyere was $8 a slice. They also had Stilton and Roquefort. Since our dollar value dropped, prices have risen, like everywhere else. It’s not a fancy store, but it’s a gem. Know the best time to go for the freshest food.
Asian Super Markets –
As an example, T&T and C&C often sell Chapman’s sugar-free ice cream at low prices. You can buy baby bok choy, bean sprouts, chicken wings, noodles, and sauces from Vietnam, Thailand, Malaysia, Singapore, and the Philippines at great prices. Notably, fish and seafood are fresh, often kept alive in tanks. Always compare prices before buying. Keep in mind some of these stores are large and need time to explore. Freshway is one of the nicest.
Italian Bakeries –
While these bakeries are getting rarer, some are still around in the suburbs. For instance, we buy fresh bread from Francesca’s on McCowan in Scarborough. They also sell challahs. Prices stay fair. Furthermore, their hot table gives the best deal when the food is fresh. Go when it’s just out of the kitchen. Lunch can cost as little as $12. On top of that, their coffee is always great. More ethnic bakeries are around the city – tell us which ones you like.
Office Cafeterias –
We recently ate at a small eatery on the ground floor of an office building. Initially, it’s a bit hard to find. But it serves workers nearby who mostly go there on foot, making lunch time a bit hectic. They stay open until 3 p.m., offering breakfast and lunch with hot food. The chef, who once worked in an Italian restaurant, always welcomes guests. As a result, the food is fresh and tasty.
In the morning, a sandwich costs $5.50. It’s nice to spend an hour in their sunny dining room. Parking isn’t free, but the owner pays you back. Overall, the place does well, maybe because rent is fair and there aren’t many other good spots to eat nearby. Deluxe Grill and Cafe, 111 Gordon Baker Rd #212, North York.
Things Change:
Deals come and go. As costs rise, some stores may drop quality to keep prices steady. So, check items well before buying. Happy shopping.
Clothing – Tips On Saving Money & Buying Quality :
General Advice –
Clothes used to cost us a big part of our budget, but not now. As we age, we buy less formal or party wear. Since retirement, our clothes spending has dropped a lot. With so many cheap imports, you can buy a shirt for less than $10 and a dress for under $20 online. Even though reviews may not be always true, at these low prices, many will try their luck. Still, I think it’s best to buy cheap, focus on what you need, and pick things that last – all for the goal of saving money and getting value for your dollar.
Amazon –
I have had good luck buying sneakers and loafers online from Amazon. Because I need wide shoes, which most stores don’t sell. So far, the Amazon reviews have been fair. However, my wife doesn’t like buying shoes online because she hates returns. I have returned shoes twice and got all my money back each time.
Winners –
For name-brand clothes at big savings, Winners is a favorite spot for many in Toronto. It’s Canadian, but shopping there can be hit or miss. The idea is if you go often, you’ll find something good. I usually buy my warm winter wear and gym clothes there. Whereas the ladies often find nice handbags, belts, dresses, jackets, pants, skirts, shoes, and kitchenware – almost anything. Be aware, not all Winners stores are the same. Some have better picks than others, so check out a few first.
Marshalls –
Part of the same company, Marshalls is said to be higher-end and fancier than Winners. However, some Winners stores are now stocking better stuff. Marshalls is usually pricier than Winners. It has more top brands but is still called an “outlet,” meaning stock can change and may not come back. Nonetheless, prices are much lower than regular high-end stores.
How to Live Well by Cutting Unnecessary Expenses And Getting Senior Discounts – Savvy Ways Of Saving Money
Smart living means picking things that offer good value, last longer, work better, and are useful. Therefore if we stick to these rules, it’s not hard to live a full life while being wise with money. Here’s a checklist for ways of saving money that matter to seniors:
Energy Tips:
Pick energy-saving appliances, LED lights, and good insulation to cut your power and heating bills. In addition, use efficient HVAC and hot water heaters. Also, think about using smart thermostats to control heating and cooling.
Water Saving:
Put in low-flow faucets, showerheads, and toilets to cut water use and save on bills. Moreover, make sure your lawn sprinkler system isn’t leaking. Saving rainwater for your garden is another way to save money and cut water use.
Do It Yourself:
Learn to do simple home tasks like fixing leaks, painting, or gardening. As a result, this can mean saving money on hiring help. Just be sure not to do anything risky and dangerous. For that purpose, many community centers offer classes for seniors to learn these skills. Furthermore, in future posts, I’ll explain why high ceilings in a senior’s home are not ideal. You want at least to be able to change your own light bulbs.
Battery Backup Power & Solar Panels:
If your area has many blackouts and you live in a flood zone, make sure your sump pump works. And install a backup battery to power your furnace, fridge, freezer, lights, and sump pump. In addition, solar panels can keep the battery charged. Even “This Old House” wrote about these backup batteries.
Second-Hand Goods:
Buying used furniture, older model but new appliances and TVs, or gently used tools can help in saving money and get you the best value. However, buy only well-known brands with a good history of quality and durability. Most importantly, check reviews.
Buy in Bulk and Use Coupons:
Buy storable items in bulk and use coupons for food and home goods to save money. Join a local buying club to get the best deals. For instance, buying frozen croissants from Costco costs $19.59 for 30, which works out to be $0.65 each. They taste good and are of great value. Meanwhile, the same from a French bakery may cost $3.85 each. I used to eat two for breakfast daily, and the cost added up to $2,810.50 a year – a big amount.
Community Help:
Many communities have programs for seniors that give deals on services, travel, and fun activities. Thus, check with local senior centers or City offices for details.
– Continued from above
Health Care Tips:
Keeping up with health care can help avoid big bills later. Therefore, regular check-ups, shots, and a healthy way of life are key. Keep up with exercises for keener senses and to avoid falls.
Subscription Services:
Check and cut any subscription services that you don’t need or use often. These could be cable TV, magazines, or online services. Moreover, compare internet and mobile plan prices at least two months before your contracts end.
Check Your Insurance:
Look at your home, car and travel insurance to make sure you’re not paying too much and you have the right plans. Consequently, comparing quotes may save you money. For example, CAA has a good home and car insurance plan for seniors. My old insurance agent said he couldn’t beat it.
Look for Senior Discounts:
Find free services and deals for seniors. For instance, the Toronto Seniors Helpline (416-217-2077) is a great help for seniors in Toronto, giving support and advice for things like food, health care, and mental health. Similarly, the City of Toronto also offers programs and help for seniors, such as homemakers help for those who can’t upkeep their homes due to low income and/or poor health.
Many of these services are free. Therefore, make sure to check the quality of the help. Even though it’s free, we should not put up with bad help.
More info can be found by emailing ltc-comm@toronto.ca or calling 416-392-8579. Finally, for a full list of senior deals and help in Toronto, like deals on fun, learning, food, and other services, visit Senior Toronto’s site at https://seniortoronto.ca/. This site offers many senior-friendly, low-cost choices to help you enjoy retirement.
– Continued from above
Energy Audits:
Consider getting a home energy audit to identify areas where you can improve energy efficiency and reduce utility bills. Ask the governments if they have any grants to help you improve your home energy use. Click here to download government grant energy audit form.
Senior Discounts on government services:
Look for senior discounts on property taxes. Click here for CRA Q&A link. Check out discounts on public transit, and health and recreational activities offered by the city. Search Google for “Ontario seniors tax credits discounts federal provincial municipal” and you’ll be surprised how much you can save.
Home Sharing:
Consider home-sharing arrangements with other seniors to cut living expenses. Or take your time to find a suitable candidate to live in without paying rent or paying partial rent and to help out in household chores and general assistance.
Preventive Care:
Regularly check and care for your home and appliances to avoid big fixes later.
Community Fun:
Join free or cheap community programs for seniors, like exercise classes, social events, and learning workshops. For example, PhysioMobility posted on the NextDoor site their rates for group exercise classes for seniors that can be much lower than a personal coach would charge.
Free Dental Care for Seniors:
Seniors in Toronto can get free basic dental care through the Ontario Seniors Dental Care Plan. To join, you must be 65 or older, live in Ontario, and have a low income. For more details, find additional information on the Ontario government’s website. Furthermore, check out the new Canadian Dental Care Plan. Remember, this is a new government plan. In particular, Sun Life is the insurance company running it and providing the insurance. There are still many things to work out.
Making Money & Earning Extra Income From Your Properties
Making Money By Selling Stuff You Don’t Want
Sell Your Things in Community Rummage Sales:
- Community Centre Rummage Sales: Call your local community center for dates and places. Here’s the list of them.
- Kijiji Community Rummage Sales Notices.
- Neighbourhood Link North York Community Yard Sale Notices.
- BlogTO Community Garage Sales Notices.
- Yard Sale Treasure Map from the Apple App Store showing where your local yard sales are. Consequently, you may call the organizers to ask about joining as vendors. Moreover, for your own sale, you can also use this app for notices.
Sell Your Stuff In Private:
- Have Your Own Garage Sale. Advertise locally.
- Join Karrot To Sell Online To People Nearby.
- Contact Castle Content Sales (read Google reviews). See if they can sell your stuff.
- On ca.NextDoor.com, tell your neighbors what you have to sell. Some of them may be interested.
- Facebook Rummage Sales Posts – ask Meta AI about “garage sale” and you can post your stuff for sale on Facebook.
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