Do the Legwork
Posted by Gail | Filed under Money Management
People are always looking for ways to short-cut. Lazeee! I can’t tell you how many times I’ve been asked to create an app. Hey, I’m not about short-cuts when it comes to managing money. I’m about being conscious. If that means doing it the long way to keep you honest, I’m all for that. That’s The Gail Way.
So I was clicking around online recently for savings accounts’ rates. There’s a site called RateSupermarket.ca that purports to be a one-stop shop for things like mortgage, credit card, savings and insurance rates. I clicked on savings, put in my province and asked for the rate comparison.
The first thing I noticed was that ING Direct didn’t show up on their list. Strange, I thought. ING has always offered better rates than traditional banks. I wonder why they aren’t here.
The day I went online (April 26, 2012), the highest paying account was being offered by FirstOntario Credit Union. Their high interest eSavings account was offering 2%. That’s better than everyone else out there, beating Ally who sat at 1.8% and my own ING account at 1.35%. So I clicked on through.
Imagine my surprise when I arrived at FirstOntario Credit Union’s site to find that their high interest eSavings account was paying only 1.85%. Seems the rate quoted at RateSupermarket wasn’t the right rate. If I’d let myself get all hot and bothered over the higher interest rate I would have been disappointed.
All this is to say that if you want to be sure you’re getting a good deal, you can’t rely on anyone else to do the legwork for you. You must be prepared to put some time and effort into doing the research so that when you make your decision, it is an informed one.
Enough already with being lazeeee. You work hard for your money, dragging your sorry butt out of bed when the weather is crappy or when you feel like a piece of dirt. If it’s worth that much effort to make it, shouldn’t you put a little bit of effort into managing it? Quit trying to find a short-cut and do the damn legwork.
Zsanett in Winnipeg wants to know if there are any “financially awoken followers, here in Winnipeg and area who would be interested in getting together and discuss and share their stories.” If you’re interested send an email to firstname.lastname@example.org with Zsanette in the subject line and I’ll forward on to her.