Did the title get your attention? This post focuses on 2 big questions: why do Canadians turn down free money? And why do they find it so hard to save money?
With New Year’s just around the corner, many of us are making financial resolutions. Things like starting a retirement fund or emergency fund, saving for a car or a vacation, or maybe even saving up a down payment for a home. If this sounds like you then, if you haven’t done so already, you might want to consider opening an account with Tangerine.
What Is Tangerine?
Tangerine is the former ING Direct Canada online bank that offers no-fee checking and savings accounts. I’ve written a lot about Tangerine, comparing Tangerine to PC Financial and Simplii Financial so I won’t go into it here.
Suffice it to say that Tangerine provides us with a great incentive to save money! When you open a checking account with Tangerine, they will give you $50…yes $50 as a sign on bonus with no strings attached.
So if your New Year’s resolution involves saving money in any way shape or form, then I would strongly suggest giving Tangerine a try. Not only do they give you a $50 signup bonus, but for every person that you refer you get an additional $50 per person!
If you have kids and sign up for a children’s savings account, they will you give $25 per account!
If you open a checking account and arrange to have your pay direct deposited you’ll get the $50 signup bonus, plus another $150. That’s a total of $200 for opening a no-fee bank account.
I realize that, for many people, saving money is a struggle. But Tangerine’s offer of free money as an incentive to start saving money and banking with them is just too good to pass up. That’s why I’m a proud affiliate of Tangerine.
Plus you’ll be developing the habit of saving a small amount of money. In my experience, developing the habit of saving money – even if it’s only $25 a month – is crucial to building wealth and getting control of your finances.
So what are you waiting for? Sign up with Tangerine, get the bonus money and turn your finances around in 2019!
Happy New Year’s everyone, I wish you all the best in 2019!
Please note this post contains affiliate links. As an affiliate of Tangerine, this blog receives a small commission from every sign up.