busy shopping mall

Boxing Day shop like a champ

Take the stress out of Boxing Day shopping by following a few of these tips that will help make the best of your time, money and sanity.


We understand Boxing Day can be quite chaotic especially when you start to think about the large crowds, long lines and the amount of money exchanging hands. A survey by RetailMeNot.ca showed that Canadians could spend as much as $600 this year on Boxing Day and New Years. When asked how in-store Boxing Day shopping made Canadians feel, it isn’t surprising to hear 77% said “overwhelming”.

To help with that overwhelming feeling, we’ve put together a few tips to help you prepare for Boxing Day shopping and make the best of your time, money and sanity!

Create a game plan

Boxing Day can be full of temptations and impulse buying. Setting a game plan in advance will ensure you shop with intention and help you avoid those unnecessary purchase.

Prior to shopping, make a list of the things you are wanting to buy. Prioritize the list and identify want vs need purchases. Are all the items on your list an absolute must-need?

Next part of your plan should be to set a budget prior to Boxing Day shopping. Without one, you can easily spend more than you’re comfortable with causing buyer’s remorse and stress later on. Use this budget to re-evaluate your list and determine if there are any items you could reconsider purchasing or that you can purchase at a later date.

Do your research

Research before venturing out for the day, taking a look at flyers, going online or even using apps such as Flipp to compare item prices at different stores. Write down the stores you plan on visiting to buy the items on your list. Use this list to map out your route to help save travel time and gas! Be sure to only stop at places on your list.

Another thing to look for when researching is week-long Boxing Day sales. Many retailers now extend their Boxing Day sales for the length of the week to reduce a bit of shopping chaos. Instead of going out into the crowds all in one day, are there any items you can purchase throughout the week that allow you to still get the sale price? This can also help reduce the feeling of being overwhelmed by not trying to make your purchases all in one day

Consider online shopping

Many retailers will also have Boxing Day sales through their online sites, some even starting a few days before or right at 12:01 a.m. Boxing Day. The only downside to online shopping is having to wait for the item to ship. Depending on the item, is it an absolute must that you need the item right that second or can you wait a few days until it arrives in the mailbox?

If online shopping, be cautious of shipping and exchange rates. Sometimes the costs can outweigh the convenience of shopping online and there may be a few items that are better off you going to the store for.

Leave your credit cards at home

A simple way to not overspend on Boxing Day is to leave your credit cards at home. Only use cash or debit for Boxing Day purchases to help eliminate the temptation of buying something that’s not on your list.

If using cash, only bring as much as your budget. Once the cash is gone, you know it’s time to stop shopping. If using debit, keep track of your purchases by writing and totalling your amounts on a piece of paper. Once you’ve hit your limit, it’s time to go home.

Avoid group shopping

Shopping with friends can be fun, but creates opportunities for temptation. When you’re with a group, you tend to go into stores that you wouldn’t necessarily have gone into if you were by yourself which often leads to an unnecessary purchase. If you didn’t plan on going into that store originally, you most likely didn’t know that item existed – is it really something you need to buy?

Consider shopping alone or with one person. If partnering up, make a game plan together. Also, ask your friend to help you from impulse buying by having them look at your items before purchasing and providing their opinion.

If you do go into a store that you weren’t originally planning to, avoid impulse buying temptations and stick to the items on your list. Think about it… you weren’t planning to go to that store and the item you didn’t know existed nor was on your list. Just because you see the item now, is it really something you need to buy?

Avoid spending to save

We all know the deals on Boxing Day can be great but beware of the deals that make you spend more to save. A great example of this is the ‘Buy One Item, Get Another 50% Off’ deal. Yes, the second item is 50% off, but if you were only planning to purchase one in the first place, you now are paying 50% over your budget for the second item. Many stores also put the discount on the lowest priced item, which also can cause you to spend more than you were planning.

When looking for deals, be sure to read the fine print, sign and prices carefully. Also, become familiar with the store’s return policy so that if you decide you no longer want it, you are able to return it.

When it comes to a successful Boxing Day shopping haul, patience and comfortable shoes will be the most important thing. Paired with the tips above, you’ll also eliminate spending stress and hours spent in stores and lines. Happy shopping!

holiday cup and pastry

Holiday entertainment on a budget

The holidays can be quite busy and costly, especially if you’re hosting a holiday party with family and friends. Here are a few tips on how you can save when entertaining for the holidays.


When you think of December the first few words that may come to mind are busy and expensive. From the parties, work events, concerts, school activities and more, it all starts to add up not only in costs but also time.

Hosting a party  can be a daunting task in itself and when you factor in the stress of costs, it may not seem worth it. To help save on costs, and stress, we’ve put together a few tips for holiday entertaining, ensuring to make you the hostess-with-the-mostess.

Invite guests by e-card

There are tons of great free ecard options available online that allow you to invite your guests by email. These sites are quick and easy to use and also give you the ability to design the invitation to fit your party theme. As an added bonus, some sites even allow you to manage RSVPs and message guests through the invite! A site we recommend for all your party invitation needs is www.evite.com.

Image via www.evite.com.

Host a potluck

Potlucks not only make it easier on the host but also are a great way to save on costs. Instead of planing and purchasing every food item for your event, request your guests each bring a dish.

To switch it up from the usual random potluck, select a theme and have everyone bring a dish related to that theme. You can then carry the theme throughout the rest of your party in your decorations or even a signature drink. Check out a few great potluck theme ideas here.

Borrow from the outdoors

Decorating can be the most expensive part of hosting a party. Luckily you shouldn’t need to invest too much into décor since you likely have already decorated for the holiday season. To add that something extra to your table setting, try bringing the outdoors inside by using spruce trees, branches and pine cones as your centrepiece. We love the idea of using pinecones as a name tag holder or to label your guests’ potluck dishes.

Image via DIY Cozy Home.

Holiday mug gift exchange

Having a gift exchange is a great way to get into the holiday spirit of giving. Why not put a spin on the gift exchange and ask your guests to each bring a holiday mug to your party to exchange. You can set a price limit on a mug and have your guests purchase from a local store, or you can do a re-gift only where your guests will bring a holiday mug they already own for the exchange.

Take the theme further by having a dessert hot chocolate bar where your guests can use their new mugs. Don’t forget to include the marshmallows, whip cream and all the candy fixings to go on top!

Image via Home Cooking Memories

Cozy Up With The Classics

Nothing screams the holidays like a classic holiday movie! Have your guests bring their favourite holiday movie and then get everyone to vote on which one to watch. Most votes wins. All you’ll then need to do is pop some popcorn and cozy up to watch a holiday classic!

Here are a few of our favourites:

  • It’s a Wonderful Life (1946)
  • Miracle on 34th Street (1947)
  • A Christmas Carol (1951)
  • A Charlie Brown Christmas (1965)
  • A Christmas Story (1983)
  • Home Alone (1990)
  • The Nightmare Before Christmas (1993)
  • Elf (2003)

The holidays are about gathering with loved ones, reminiscing about the past year and filling your home with joy, laughter and fun. Your party should not be measured by the amount spent, but instead on the memories made. Spending more money can make your party look more impressive, but it’s the experience and the memories you share that make the night priceless.

homemade holiday gift

The secret ingredient is love: DIY gifts

Homemade is always the best type of gift. Here are a few DIY gift ideas sure to impress those you love and help you to save money.


We all know that the holiday season can be stressful. Trying to find that perfect gift for the ones you love, while also not breaking the bank. Sometimes the best gifts are the ones we personalize and that come straight from the heart with love. Here are a few DIY gift ideas that are sure to impress the ones on your list, and help you save a little on your gift giving this year.

Holiday baking

 

Nothing says I love you more than a delicious, homemade treat. The Food Network Canada has several tasty recipes that make perfect gifts this holiday season – check them out here. Consider making a few different items and packaging a variety of deliciousness in a holiday tin.

Edible gifts in a jar

Know someone who is on the go all of the time and needs a quick-fix meal? Or someone that wants to bake but without all of the hassle of buying the ingredients, etc.? Consider putting together an edible gift jar specially made for the person in mind. There are so many different options you can do from muffins, brownies, soup, salsa, jams and more. Check out 30 recipes by the Taste of Home here.

Date night jar

Date night ideas on sticks in a jar

Date Night Photo by Meaghan Morris @MeaghanMorris.com

We all know date night can get expensive – dinner, activities, babysitter, etc. The planning also can become quite exhausting. A great idea way to ensure date night does happen, without having to break the bank each time is a ‘Date Night Activity’ jar.

To create, first make a list of different date night activities – check out 101 examples here. Be sure to include items that won’t cost you anything such as going for a walk or items that will cost you very little such as going for a coffee. Organize your list into three groups: $0 Dates; Under $20 Dates; and Over $20 Dates. Then paint large popsicle sticks three different colours. Each will represent one of the groups above. Once dry, write the different date activities on the sticks based on their group colour. Put in a jar that you have decorated to say Date Night.

When it comes to date night, leave the planning up to the jar. Determine what type of date it will be – $0 date, Under $20 date or Over $20 date. Then select the corresponding coloured stick and away you go.

Movie night in

movie night at home gift basket

Movie Night Gift Basket Photo via Kidsz Paradise Inc.

Going to the movies can add up by the time you buy the tickets, drinks, popcorn and of course, paying for extra butter! A great way to save a few dollars is a ‘Movie Night In’ gift basket. Pick up a few of your favourite drinks and treats and put together in a homemade gift basket. Include a DVD or a coupon for one Netflix movie night in. The best part is that you can cozy up on the couch in your pajamas!

Gift certificates of time

Nothing beats the time we spend with our loved ones. Consider giving the gift of time by creating activity or ‘time’ gift certificates. You can include activities such as going for a walk, doing a craft or going tobogganing – the options are endless. Not only will you save money, but the memories you make will last a lifetime.

There are many different ways you can save money this holiday season and these are just a few ideas for you to use. Another great place to find homemade gift ideas is Pinterest.

Have another DIY gift idea? We’d love to hear them – share with us by commenting below.

teal piggy bank with christmas to do list

Making a list & checking it twice

Finances can be stressful, especially during the holiday season. We’re here to help. Here are a few tips and tricks to help get you through the holiday season without breaking your bank or your sanity.


Set a budget and stick to it

  • Ask yourself, “what am I comfortable spending without feeling stressed?”. Consider the gifts you will need to buy and the holiday events you will be attending. Take this amount and write it down.
  • Don’t try and plan the perfect Christmas, but instead create a budget you’re comfortable with and work in the details from there.
  • Don’t let this amount be negotiable. Set a personal goal to stick within your budget and hold yourself accountable.

Make a list & check it twice

  • Make a list of every person you plan to buy for – don’t forget to include gifts for gift exchanges, teachers, bus drivers, etc. Beside each person’s name, jot down gift ideas and the maximum amount you are willing to spend on that person. Ensure your individual amounts don’t total more than the budget you created earlier.
  • Set a small portion of your budget towards an ‘Other’ category. Use for expenses such as gift wrap, cards or for expenses incurred from holiday events such as food, drink and a safe ride home.
  • Consider homemade or personalized gifts. Make cookies or create gift certificates to spend time with your loved ones doing activities they enjoy such as reading, going for a walk, tobogganing, etc. Not only will you save money, but the memories you create will last a lifetime.

Earn extra money

  • Consider picking up a part-time job during the holiday season. Many retailers hire seasonal help, allowing you to work a few extra hours each week to earn extra cash. Put this money directly towards your holiday spending budget or into your savings account.

Start saving now

  • Open up a gift giving savings account. Each payday put a set amount into this account that you can then use to purchase gifts.
  • Put money into an account all year round. Set up automatic payments to go into an account every payday and build your gift giving savings fund for future years.

Shop around & start early

  • Don’t leave your shopping to the last minute. This can cause you to go over budget due to rushing and grabbing whatever items you can to get your shopping done in time.
  • Compare retailers that offer the same products you are wanting to purchase. Check locally or online for the best price.
  • Shop local. Not only will you find great gift ideas, but you will also be supporting local businesses within your community.
  • Take advantage of sales such as Black Friday and Cyber Monday. Check your local flyers for sales near you as many start their holiday sales early.
  • If shopping online, be aware of shipping minimums and purchase multiple items at once to save on shipping and/or qualify for free shipping.
  • Local craft shows are a great place to find personalized gifts at a great price. If you find an item over your budget, talk to the vendor and see if they can customize a piece within your price range.

Not only can these tips save you money, but also time and stress when it comes to the holiday season.

young family in park

What to know when it comes to RESPs

A Registered Education Savings Plan (RESP) is a great investment allowing you to put money aside for your child’s education. Here are a few things to know when it comes to RESPs.


When looking at your child’s future, it may become overwhelming especially when you start thinking about all of the costs related to their post-secondary education. A Registered Education Savings Plan (RESP) is a great investment to help you put money away for your child’s education.

What is a RESP?

A RESP is a tax-deferred, savings account that can be used to save money for your child’s post-secondary education. You can contribute as much as you’d like (up to a lifetime maximum of $50,000) and watch it grow.

To help your money grow faster, the federal government also contributes a percentage of money to the RESP each year based on your contributions.

What types of RESPs are there?

There are two different types of RESPs available – family plans and individual plans.

A family plan is available for families with multiple children, allowing you to add multiple beneficiaries to one plan.

An individual plan can be set up for one beneficiary, and can only have one beneficiary. A common scenario for an individual plan would be in a blended family situation. More details on the two plans can be found here.

When is the best time to start saving for a child’s education?

Starting early, and contributing often, is key. The sooner you start to save, the sooner you’ll start earning interest on your money and receiving federal contributions to your RESP.

If you don’t start early though, it’s never too late to start. There’s no better time to start than today. By just saving as little as $5 each week, it can add up quickly and help your child in their post-secondary dreams.

How much should I save?

Conexus’ education savings calculator can help you figure out the cost of your child’s post-secondary education and map out what type of savings you’ll need to help meet your financial goals.

I’m not sure I can afford a RESP. Is there a minimum amount I must contribute each month or yearly?

Some types of RESPs have no minimum deposit requirements, while other RESPs do. It’s important you talk to a financial advisor to determine what RESP works best for you and what you can afford, whether monthly or yearly.

Where can I go for more information or set up a RESP today?

To learn more on RESPs visit the Government of Canada’s website.

To determine what RESP is best for you and set up an RESP, talk to your financial advisor today.

 

Have a question regarding Registered Education Savings Plans? Ask below in the comments section or contact us today.

Bowl of ramen noodles

It doesn’t just need to be ramen noodles

Money can be stressful when you’re a student but that doesn’t mean you need to live off ramen noodles. We sat down with Braden, a University of Saskatchewan student, to learn more about how he manages money while going to school.


We all know post-secondary education can be quite expensive. In the 2016-17 academic year, a Canadian undergraduate student paid, on average, $6,373 in tuition. And that’s not including the additional costs related to textbooks, school fees and living expenses.

When having the #MONEYTALK with students across the province, we heard over and over the challenge of managing money while going to school. What can a student do to reduce money-related stress caused by tuition and living expenses?

We recently sat down with Braden C., a 3rd-year University of Saskatchewan student and Conexus member, who told us how he manages money while being a student.

Tuition can be expensive. How have you been able to manage the costs of tuition?

My parents have helped me out greatly when it comes to paying for tuition. They’ve been putting money into an Registered Education Savings Plan (RESP) since I was born, knowing I would need it at this point in my life. This has definitely relieved a lot of stress when it comes to paying for school.

That’s great to hear! What else can a student do to help cover the cost of tuition or save money for things such as textbooks?

Scholarships are a great way to reduce your tuition costs. There are many different scholarships available from the schools, local businesses, etc. It can take some time to apply but can be worth it in the end by offsetting some of the costs you need to pay.

When it comes to textbooks, a great way to save money is buying used. For example, the U of S has a program where you can sell your textbooks back to the store. Often you can find a used textbook at a lower price than a new book and from my experience, many of the used books look like new.

What about other expenses such as living costs – how do you make or save money for all of the additional expenses you face?

To allow me to focus on my studies during the school term, I only work during school breaks, such as the summer, and put the money I make into savings. I work as many hours as I can in the summer to provide enough money I’ll need for the eight months I’m in school. I know not everyone can do this, and some may need to work part-time while going to school, but I recommend putting as much as you can into savings during the off months so you can work a bit less during the school term.

Are there any tools you use to help you manage your money?

I use several tools including online banking and Conexus’ Personal Financial Management tool. It allows me to set budgets and track how much I spend relative to those budgets. Each month, I look at what I spent in the previous month and make decisions and changes based on what I think will be coming up in the next month. For example, if I know a band I want to see is coming, I adjust my budget so that I have some money set aside for entertainment. This may mean I don’t eat out a couple of times that month, but I’m also not going over my budget.

What are the biggest challenges you face as a student with your money?

My biggest challenges with money are probably in the area of groceries. When I know the upcoming week is going to be busy for me, I tend to buy foods that require little to no preparation. I have found, over the past three years, these meals are usually less healthy for me and also cost a little bit more than if I were to buy basic ingredients and make the meals from scratch. I also tend to impulse-buy things when I have cravings.

What tips do you have for other students that are needing to manage their money while going to school?

The biggest thing is to set a budget and track your spending. When you are able to see where your money is going, you can get a better understanding of your needs but also find areas where you maybe don’t need to spend so much such as eating out or buying coffee.

 

Thanks Braden! Money can be stressful when being a student but that doesn’t just mean you need to live off of ramen noodles. With a bit of understanding and planning, you can set goals, budget and take control of your finances. Here are a few more ways students can save money:

  • Taking advantage of school discounts. There are many places on campus as well as local businesses that offer students a discount by showing their student card.
  • Walking or taking the bus to school. You can save money on gas and parking!
  • Using loyalty reward program cards for places you shop at frequently. For example, Superstore has a PC Plus program that allows you to earn points you can use to take money off your next grocery bill – and it’s free.
  • When shopping for necessities such as groceries, make your meal plans based on what is on sale. Sometimes you may need to buy in groups, but then that just means you can use for another meal the next week.

What other tips do you have for managing your money while going to school? We’d love to hear them – share in the comments below.

woman looking into the distance

Getting out of the pay cheque to pay cheque cycle

Almost half of Canadians say they live pay cheque to pay cheque. Does this sound familiar? What is the secret to getting out of this pay cheque to pay cheque cycle?


A 2017 survey by the Canadian Payroll Association showed that almost half of Canadians say they live pay cheque to pay cheque. Here in Saskatchewan, 44% of employees agree and stated if their pay cheque was delayed by just one week, they’d have a hard time meeting their financial obligations. So what is the secret to getting out of this pay cheque to pay cheque cycle?

The answer… there is no secret or quick win when it comes to your finances. Everyone is different – the bills we pay, our rent or mortgage payments, the food we eat and the things we like to do – one solution that works for someone else may not work for you. In order to break the cycle, you must first determine your individual situation and develop a personalized plan from there.

“The biggest mistake people make with their finances is trying to do it alone,” said Krista Schmaltz, Manager Financial Services, Conexus Credit Union. “The most important thing you can do is talk with your financial advisor regularly. They’re experts in their fields and can help you create a personalized financial plan for success.”

Schmaltz also says in order to be successful in reaching your financial goal, you need to be open and honest when talking to your financial advisor. When it comes to your finances, there is nothing to be embarrassed about. By being honest with your financial advisor, and yourself, you are able to understand your finances better, allowing you to identify areas of strength and things that you may need to work on. You can then set goals and create an action plan to help reach those goals. Taking the steps to reach these goals though, will be on you.

Accountability is key in order to see results. It’s not just about saying you’ll do it but actually taking actions to break bad habits or changing behaviours. For example, if you’ve identified eliminating your morning coffee purchase from your routine as a way to save money, you must change your behaviours. To break the spending habit, consider making a to-go coffee every morning to take to work. Not only will you remove the temptation to stop and purchase a coffee, but you will also save money to put elsewhere within your budget.

When it comes to your finances, there is no one-size-fits-all solution or quick win. In order to see change, you must first be honest with yourself and your finances. You can then set goals and an action plan to help you reach your goals. Once set, hold yourself accountable to get results.

So what are you waiting for? Contact your financial advisor and start the conversation today!