Truck Insurance

In a prior post I wrote about how we were thinking of cancelling the insurance on our truck for the winter.  Well, we did it last week.   We got all our firewood in and no Christmas tree yet but we got about half the money back on the insurance so I'm sure we can figure out how to get a Christmas tree home some other way.  In addition to the insurance savings, I do not have to budget for about a tank of gas a month on the truck.

If we absolutely do need to use the truck, we will put temporary insurance on it but that should not cost the amount that we got back in insurance.

Bank Accounts

Let me start with the basics to me. The first thing that I recommend is that you know what kind of main account you have, and therefore, the related fees, transaction limits, etc. Then find out the same thing on your other accounts (savings, etc.). This will help you to not spend any more than is necessary on banking fees.

The second thing for you to know is that in Canada, any savings that is linked to your chequing should be free. If you are paying something for it, well, then you are either making debit card purchases or something else to incur fees on the account.

OK, so you think those things are pretty basic. Good news! Then you are at where my husband and I are at. We have the appropriate type account for the amount of transactions, etc that we do a month, however, we can't figure out why we should have to pay fees on our bank account. So, we have two options that we see. Option one is to change to an account and reduce our transactions to an account that is cheaper/could be free. We are not sure that we want to do this. Option two is to change banks to an account that will allow us to do what we do and charge us less/not charge us anything. This does exist but we haven't made up our mind yet. I will let you know.