13 Money Leaks: Fix These and Have More Cash For What Matters Most

Calgary Cash Flow Planning


Imagine flushing $5 bills down the toilet. You just would not do it. Yet, you flush away money every day in other ways.


Just think of energy costs in your home without weather stripping around the doors and windows. How old are your windows and doors? How much heat and A/C loss is escaping your home because of poor insulation in the attic? 

When it comes to our finances you can have a lot of money leaks as well.


Here are 13 that come to mind:


1. Paying late fees on bills that you forgot to open. These payments can be automated.

2. Paying the whole month's interest on your credit card because you were a day late in paying the balance. 

3. Gas-guzzling vehicles. 

4. Buying lunch at work most of the week. 

5. Not eating leftovers or taking it to work.

6. Buying too much food because it was on sale and then disposing of it after its expiry date. All that food waste over the course of a year could be a romantic weekend away.

7. Shopping at Costco and buying in bulk only to throw half of it out.

8. Smoking.

9. Purchasing an extended warranty. It is rarely a good idea.

10. Eating out too much.

11. Buying new Vehicles. In 35 years of driving I have been towed twice and both times it was because of faulty repairs that were completed the previous week at a couple of very recognizable national garages. New does not automatically translate into more reliable. 

12. Buying everything new rather than used. Check out Kijiji.ca or varagesale.com.

13. Allowing healthy, capable adult children to live in your house for free. (Side note: if you are the free-loading kid still living with your parents, then you should be saving some serious cash - milk it for as long as you can).


Check out MortgageStudio.ca for some additional great tips on saving money and getting into great financial shape.


We have yet to complete a Financial Review with a client where there weren’t a few of these money leaks. Most of us have money for investing and money for enjoying life. It's just a matter of identifying what is most important to us so that we can stop wasting money on stuff that isn’t. This is what Cash Flow Planning helps you do and it results in achieving dreams you never thought were possible so much sooner.


"Too many couples forfeit reaching their goals because of poor choices and too many money leaks. The good news is that there is a better way. "


Let's Improve Your Retirement Cash Flow! We can help you create a Cash Flow Plan to find the money you need to fund the LIFESTYLE you want TODAY and TOMORROW.

We help our clients create sustainable, predictable, and tax-efficient cash flow for retirement, to ensure they never have to worry about running out of money.

Want to retire in the next few years? Learn more about our services and book an appointment.


Retirement Transition Planners,

Willis & Nancy Langford

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