26 Apr 2012

Tips for recent graduates looking to save money

For those who have just recently graduated, managing money can be one of the biggest challenges of living independently. Moneyville.ca recently offered some tips for new graduates to keep bank accounts healthy while they begin planning for the future.

The top recommendation is to simply live within your means. Many youngsters get their first credit card and hit the malls, but this is a good way to rack up debt and ruin your credit score. Others may live paycheck to paycheck, ignoring the conventional wisdom to save 10 percent of each check in order to build up savings.

Many students may have loans that they'll need to start paying off. It's important to come up with a strong debt repayment strategy. Due to interest rates, making the minimum payments on loans may lead to paying much more over time than trying to get the loans paid off ASAP. It might mean sacrificing quality of life for a few years, but getting out of debt quickly is a much safer financial strategy than letting loans drag on for years.

Self storage is a great way for recent graduates to reduce their living expenses. Often, paying for larger space in an apartment adds up quickly in terms of monthly rent. It may be wiser for students to instead put some items into secure storage and rent a smaller place for awhile.

Self storage can be a smart way to hang on to valuable items without taking up room in a house or apartment. For Toronto storage solutions, there's no better than Jiffy Self Storage. Those interested in self storage should check out the affordable rates on Jiffy's website, where they can also enter to win a free iPad 3.

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Hammad Assan joined Jiffy Self-Storage in June 2012. He has over 20 years of experience in various Customer service, Sales and Management roles and is a Certified Self-Storage Operator through the Canadian Self Storage Association. His passion for sales and customer service has maintained Jiffy Self-Storage’s position as one of the GTA’s most successful Storage Facilities, as recognized by winning the Consumer Choice Award 22 years in a row, a perfect A+ rating with the BBB with zero complaints and a 4.5/5 Star Review rating on Google. Our tenants greatly appreciate his dedication to exceptional customer service and as a result Jiffy Self-Storage has been recognized and awarded for that. Please contact Hammad about any of your storage, parking, workspace or retail unit needs.

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