QUBER Save money and pay off debt

 

"If you change the way you look at things, the things you look at change." - Dr. Wayne Dyer   

 

Social distancing is hard, but let's look on the bright side - we are all spending less money!  Deposits into the QUBER Vault have more than doubled over the last couple of weeks.  People are staying home to help curb the coronavirus, and taking this opportunity to build their emergency savings - in case they need it in the future.

We have the opportunity right now to take control of our money.  If you haven't yet started your emergency savings jar, now is the time.  

We've looked at spending habits of Canadians over the past 6 months.  Canada, by staying inside, here is how you could save money this month:

Eating out:  On average, people spend 7% of their income at restaurants & coffee shops.  If your monthly household income is $4000 per month, that's up to $280 you could save in a month.

Clothes, beauty, other personal expenses:  On average people spend 3.5% of their income on personal expenses.  If your monthly household income is $4000 per month, that's up to $140 you could save in a month.

Gas:  On average people spend 3% of their income on gas / auto repairs.  If your monthly household income is $4000 per month, that's up to $120 you could save in a month.

ATM fees:  On average, people spend nearly 2% of their income on ATM and other bank fees.  Take the time you have to shop around for banks that offer lower (or no) fees.   If your monthly household income is $4000 per month, that's up to $80 you could save in a month.

Entertainment:  On average people spend 1% of their income on entertainment - going to movies, concerts, etc.  If your monthly household income is $4000 per month, that's an extra $40 you could save in a month.

That means a household with monthly income of $4000 could save up to $660 dollars in potential savings!  

What's your monthly income?  Set a goal to save 16.5% of your monthly income this month.  Start saving today!

If you haven't already, make sure to follow our Facebook page.  We have an exciting announcement to make over the next few days, something that's going to make saving money even more fun.  

QUBER
1 King Street West, Suite 4800 - 50, Toronto, ON M5H 1A1
© 2020 Quber Technologies Inc. All rights reserved