Around this time of the month I would get my cell phone bill and as you all know I switched to a new plan not too long ago. This month was my first billing under this new plan. I was just looking at the bill compared to last month on how much money is going to be saved once I saw this:

Granted every month it is a little different, just looking at the $55.93 total from last month to $17.87 this month while getting more features than before is quite a substantial difference. If those numbers were consistent, that would roughly mean a $456.72 savings a year.

While many people say who cares to a little bit of savings on various things, a little bit of effort to get a better deal can sure look nice in the long run.

I had a conversation with a person today in regards to a cell phone bill as last month he racked up a three figure bill. He did mention how he was used to US plans instead which offered more for less, but that’s another story.

What this did remind me of is how a lot of people place restrictions and credit limitations on various service subscriptions to prevent any type of overspending. For example, when it comes to cell phone services, a lot of people use pre-paid cards to prevent any surprises.

I think the only time I did this was back when dial-up Internet was pretty much the only feasible option as the service would just get cut off after X amount of hours instead of going on a plan that continually billed by the hour. It tends to make you a little more money conscience too with your finances I think.

There are a lot of people that decide in preparing their taxes right now and one topic that came up was how people can save money by creating an incorporated company to enable themselves to write off a lot of expenses while receiving more tax breaks.

I actually had an unrelated conversation with a person recently about setting up an incorporated company as I wondered why he didn’t register his company that way instead. His answer was a pretty common one where he thought it was only for large companies that generate say millions of dollars a month while costing thousands to do so.

While you should consult with a professional, creating an incorporated business can be a very straight forward process. Some examples of people incorporating themselves even though they are the only person are photographers or even say actors.

The money then earned goes to this corporation that you created and can be retained with tax benefits. Afterwards, you can either pay yourself a wage or say dividends. People usually only do this if they have an excess amount of funds to handle as the paper work and accounting can get a little redundant if you don’t exactly save a lot of money.

Everyone’s situation is different though, so you should definitely research thoroughly beforehand.

Today I received a telephone bill which had all the usual service fees on it. A few months ago though there was a service that I enrolled into that was not initiated properly from the vendor’s end and as a result I am suppose to be credited for it. It’s been about two months and I have yet to receive this credit which was well over $200.

Part of me is thinking that I should raise some commotion just to speed the process up as it’s almost like giving an interest free loan to a company at this point. I have actually seen certain companies do that before too where they try to delay in giving out refunds so that they can say earn interest on it first.

Of course, most of the time it is simply due to a processing delay.

This news is a few days old, but recently the company Tata Motors produced a car in India that is set to sell to the public for about $2500 US. As a result, it is labeled as being the cheapest car ever and is called a “Nano Car”.

This made me wonder where if a car like this did arrive here on whether or not people would purchase one just for the sake of having a car. I say this because a lot of people own cars not so much because they absolutely need it but rather use it as some kind of status symbol in owning a vehicle.

I wonder how the insurance would work on a vehicle like that too as it must be kind of strange where an annual car insurance would be so much closer to the value of the car itself.