Here are some tools we work with clients to help ensure their money is working for them, instead of the banks.

Most consumers manage their cash inefficiently, that’s how the big banks like it. Insurance companies do too.

Example Cash Flow Inefficiency #1:
Paying Bills Monthly Instead of Annually

Most of us find it easier to pay for our insurance bills monthly rather than annually.  After all, we might have 4 or 5 different insurance bills due during the year, and we don’t want to build a big reserve in our savings account to pay these bills annually.  Insurance companies know this, and charge more for monthly premiums rather than for the same premium annually.

Example Cash Flow Inefficiency #2:
Paying Mortgage Interest, While Having a Positive Balance in a Chequing or Savings Account. 

© 2016 Doug Ransom - Insurance Advisor