Isn’t it funny how people are so resistant to change that they’ll stick with the same thing even if it’s unnecessarily costly? I know because I’m one of them. For years and years I’ve stuck with the same bank because I was lazy. As a result, I’ve become a loyal CIBC patron by default. Similarly, I’ve become a loyal Rogers patron by default. Now let me just be clear: neither of these institutions has particularly wronged me in the past. I simply think that shopping around to get the best deals is something I need to become more proactive with.
After reading Shawanda’s post, I realized that I’m throwing away too much money on banking fees. Although they have been negligible in the past, as of late I’ve been paying $8-10 per month for a minimal amount of transactions. Whaaa?! I’m pretty sure the only activity on my account is four direct deposits per month, one bill payment, and a cash deposit. For the most part, under ten transactions per month. It truly makes me wonder. I will walk for half an hour in heels while holding an awkwardly large vase in order to save a $10 cab ride but I sit around watching the same amount of cash vanish from my bank account every month simply for having a fairly inactive account.
…but no more! President’s Choice Financial is wonderful and boasts a no fee bank account that will let me transact to my little heart’s desire. Sure I won’t get the convenience of going to a physical bank but I rarely do this anyway. I finally made my way over to a pavilion this past week and a nice man helped me open an account. Sweet! Speaking of sweet, the trip ended with a coupon for free PC ice cream! If anyone hasn’t tried PC ice cream shop flavours, they are delicious.
Before picking up my ice cream, I made my way over to Joe Fresh and picked up a new dress. At $30, it will pay for itself within three months of saved bank fees!
Now that I’ve dealt with my banking situation, I will soon be moving onto phones. Unfortunately my phone contract is not over until November, but I’ve decided to switch over to Wind Mobile. I have heard mixed things about reception with this provider, but at $40 for unlimited talk, text and data, I’m willing to deal with a smidgeon of inconvenience as I barely use my phone. Oh, if you haven’t heard, I’m also the last person on Earth with a not-so-smart phone. This will all change with my new plan! I pay about $35 for no data right now, so $45 (w/ tax) won’t be a huge stretch. The downside is I’ll have to buy my phone outright, but I also won’t have to deal with the inconvenience of being locked into a contract.
Do you shop around for the best deals or are you guilty of sticking around simply for the convenience of not switching? Anyone use Wind or PC?