How to Save Money as a Newcomer in Canada
It’s easy to get excited about starting a new life in Canada. Until you are hit with the question–are you ready for it?
As a Kabayan OFW or student in Canada, you need to adapt to a new financial system in a first-world country, which can be daunting. The cost of living is relatively higher, but opportunities are teeming with possibilities. There are a lot of adjustments in terms of your personal, work, and financial lifestyle. However, you only need to be smart and proper in planning your finances to save money.
There’s no need to panic! Just be strategic. Here are some practical tips to help you get started.
Create a Budget
It always helps to have a budget, whether only for the first few months or in the long run. A budget is your guide in tracking your income and expenses. Always ensure that you live within your means!
As a basic guide, here’s a simple budget plan:
- List Your Income. Include all sources of income, such as salary or financial aid.
- Categorize your expenses. You can use ‘fixed’ for rent, utilities, and transportation; and ‘variable’ for groceries, entertainment, and other expenses.
- Set Goals. Make sure there’s room for your savings and future investments!
Also, when it comes to choosing between a postpaid vs prepaid plan, CanadianSIM is a good choice for postpaid. With its affordable monthly plans, you can easily plan out your budget for phone bills. Plus, if you want a 5G-ready eSIM Canada phone, there are also available CanadianSIM Phone Plans for you.
Open a Bank Account
Find Affordable Housing
Different cities, different rates! It’s a crucial decision since a house should be your comfort place. There are a lot of factors to consider when choosing a house. From the type of neighborhood you want, the amount of space you need, the accessibility of network signal and internet, and more. You just need to research and prepare before flying to Canada.
If you’re trying to save on rent, there are rental websites like Kijiji, Craigslist, and PadMapper to help you find good deals. If you don’t mind living with someone else, sharing accommodation is an option.
Use Public Transportation
Public transit is often more economical than owning a car. Canada has an efficient transportation scheme so you have a lot of options. Be on the lookout as well for discounts! Students, senior citizens, and low-income individuals may qualify for discounted transit passes.
Most people also bike to work, places, and colleges in Canada. There’s a lot of nature in Canada so you try biking for a breeze of fresh air.
Take Advantage of Free Resources
Who can say no to freebies? Check free online resources to save money on entertainment, education, and more. There are Canada Phone Plans that can help you make the most of these online resources. But with CanadianSIM, you are assured of Canada-wide coverage and strong 5G connection.
For students, the best places to visit in Canada are public libraries that offer free access to books, movies, and Internet services. There are also free to low-cost courses offered in community centers and online platforms like Coursera and edX.
Why choose CanadianSIM as a newcomer?
CanadianSIM offers newcomer deals to help you get started in your Buhay Canada. With a wide range of services, you can save money and get great network service.
CanadianSIM 5G Home Internet is more than just a Canadian SIM card. It also provides FREE Nokia FastMile 5G Gateway to help extend your wifi at home to a bigger scale. And if you’re outside, there’s an option to choose the FREE Inseego Mobile Hotspot instead to connect multiple devices as you go to mobile Canada SIM. Both offers zero activation and installation fees!
