Comments on: How to save a quick buck

By: Your accountant: fixed cost or asset? | Ideate

Your accountant: fixed cost or asset? | Ideate — Wed, 08 Sep 2010 08:56:07 +0000

[...] too long about it – if you regard your accountant as fixed costs it’s high time to stop wasting money. Find an asset, quickly and start adding [...]

By: belinda

belinda — Fri, 10 Aug 2007 11:35:28 +0000

hello

i recently came across a great site that looks to clear up this banking charges nightmare.

its called thinkmoney.co.za and its got a great personalised calculator that allows you to work what products are best suited to you based on your spending profiles…

i found the site very useful

bel

By: James

James — Tue, 20 Feb 2007 13:37:09 +0000

I’ve done the same thing with my Cellphone bill. Because of my work, I phone overseas quite a bit on my cell phone, so I changed my debit order to my credit card for 2 main reasons:

- I get the points/miles/ebucks even though my company is refunding me
- If it’s a really bad month, my bank account isn’t emptied. Though this shouldn’t be an issue if I claim on time.

By: Karin

Karin — Mon, 19 Feb 2007 15:17:10 +0000

Oh I know, this adeptation to credit card costs has just started over here (UK) and more and more companies do let you know that paying by credit card (versus Direct Debit or Debit Card) is going to cost you in order not to ‘penalise’ customer who pay in a different – cheaper – way.

In the end everything will ‘catch-up’ I think and reaches cost-balance

By: Andrew

Andrew — Mon, 19 Feb 2007 14:22:17 +0000

I’m not denying that using a credit card costs the retailer money, but everyone I have tried so far (insurance, 2 cellphone companies and a hosting company) have happily changed from a debit off a cheque account to a credit card, at no extra charge. Some of them might catch on and stop this service, but a highly doubt that will happen any time soon, at least not before you’ve saved enough to pay for that lunch.

On our retail sites (like YuppieChef) we have budgetted in the price of the credit card fee. We don’t penalise customers who choose to pay this way, and it seems like our service providers don’t either.

By: Karin

Karin — Mon, 19 Feb 2007 13:46:53 +0000

“Then drop me an e-mail inviting me to lunch, because I’ve just saved you a few thousand rand over the next year.”

Hmm, think you have overlooked 1 particular item in this: costs for retailers/companies etc who are paying your fee to the credit card companies. We ‘refuse’ credit card payments or add 3% on top of the price, becuase that’s what the cc-company will charge us. Debit card use costs us also, a fixed amount per transaction, nothing major and in the light of the average amount the customers pays 9 times out of 10 ‘peanuts’.

Your savings tip is a temporary one I think: most companies will adjust their ‘normal’ prices to include the rising costs of credit card payments

Now you can invite me to lunch