Managing Money 101

Finances typically cause most people stress, and it’s hard to have such a negative feeling about something that you need to survive. This is why it’s important to educate yourself on finances and make a plan of attack to get in a position that eliminates stress.

Island Car Credit is more than just a car dealership or auto financing center. In fact, we actually help Duncan, Nanaimo, and Victoria drivers get in front of their financing by offering a variety of financial services to help you improve credit scores or drive away in an attractive vehicle. Take a look around our website to learn more about what we can offer and how we can help you with your financial needs today.

Managing Money

Managing your money is important. When you make smart financial decisions, you can reap plenty of benefits. First, you can have a higher credit score, and this can allow you to receive low interest rates when you apply for financing or earn higher credit limits on credit cards. In addition, managing your money means keeping more in the bank, and this can keep you from falling into a financial situation that forces you to miss payments, take out high-interest loans, or even get foreclosed on. Learn more about managing your money today.

Managing Money
Budgeting

Budgeting

Besides managing your money, it’s a smart idea to have a budget that you actually stick to. This can help you stay organized when it comes to your finances and allow you to build a safety net to use for special purchases or in case of an emergency. There are different ways that you can budget your money, and not every way works for everyone. Check out how Island Car Credit can help you achieve your budgeting goals.

Budgeting Tools

There are a variety of tools that can help you create and maintain your budget. For instance, a simple Excel document can go a long way in terms of keeping your organized. You should also look into apps that can help you create and maintain your budget. Some banks offer tools to help customers create a budget and stick with it. In addition, you can always find yourself a personal financial advisor who can help you by taking a look at your income and expenses and finding the right solution. Learn more about budgeting tools on our website.

Budgeting Tools
Options

Options

Finding the right way to save and budget money can be difficult when you have so many options. Today, people can opt to have a savings account with their bank that will yield a small percentage in interest. You can also opt to place money in bonds, as these typically earn more interest than a savings account over a specific time period.

If your employer offers a RRSP, you should consider this, especially if they offer some type of employee matching program. This can be a great tax-free way to save money and use it when it comes time to retire or when you undergo a large life event.

TFSA’s are also a great way to save money, as these typically have a very high interest rate that will benefit you when it comes time to cash it.

Finally, you can always opt to play the stock market and find something to invest in. This can be done with an advisor or on your own. Just keep in mind that playing the stock market is a risk, so you could end up losing big as well as winning big.


Let Island Car Credit Help

Island Car Credit enjoys helping Duncan, Victoria, and Nanaimo residents with their financial situations. Whether you want to apply for a car loan or simply need to learn more about how to improve your credit score or budget, visit us today at 2525 Bowen Road in Nanaimo. You can also visit us online or call us at 800.536.0583 to see what we can do for you.

 
 
 

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844-544-6332

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2525 Bowen Road • Nanaimo, BC V9T 3L2

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Island Car Credit

2525 Bowen Road Nanaimo, BC
Phone: 844-544-6332 http://maps.google.com/?q=2525%20Bowen%20Road%2C%20Nanaimo%2C%20BC%20V9T%203L2

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Phone: 844-544-6332

49.2010084 -124.0006685
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Island Car Credit
Island Car Credit
2525 Bowen Road
Nanaimo, BC, V9T 3L2 United States
844-544-6332
https://www.islandcarcredit.ca/wp-content/themes/DealerInspireDealerTheme/images/logo.png
Island Car Credit 49.2010084, -124.0006685.