Want to save money as a renter? Don’t cheap out on these 5 things Jan 3rd

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Whether you’re building your savings account or getting a rush from buying items on sale, there’s something deeply satisfying about saving money. 

But determining when saving is truly worth it is an important part of managing your money. While some deals do save you cash upfront, you might find yourself spending more money in the long run than if you’d paid in full. Sometimes, a lowball price tag isn’t actually that great for your overall financial goals.

If you’re a renter, you might be frugal with certain items, or go without them, to save a few dollars. Here are the times when it’s not really worth it to aim for a bargain.

Not buying tenant insurance

If you’re an inexperienced renter (say, a post-secondary student), you’re on a tight budget or you just don’t like paying for something intangible, you might be tempted to forgo tenant insurance. 

Get personalized quotes from Canada’s top home insurance providers.Home insuranceRenters insuranceCondo insuranceYou will be leaving MoneySense…

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