illustration: Sviatlana_St/iStock

AMA News: Fall 2020

By AMA Staff

MONEY MATTERS
Money is an emotional matter. Unexpected events bring financial challenges—and personal stress. But there are steps you can take to manage your finances. These tips from Bridgewater Bank, a subsidiary of AMA, can help turn your bank account into a bulwark against uncertainty.

Rethink your budget
Take a hard look at expenses and cut down on “extras” (like buying your lunch) where possible.

Boost your rainy day fund
If you can, start setting aside enough money to cover at least three months of expenses—in case of emergency.

Avoid online temptations
Unfollow retailers and influencers who may be enticing you to spend unnecessarily.

Maintain a clear perspective
Accept that there are things you can’t control. But by being focused and proactive, you can prepare for what may come.

DON’T FREEZE UP
When cold weather strikes, beware of burst pipes—a major cause of damage to homes in fall and winter. As water freezes, it expands and can rupture your home’s plumbing, potentially causing  property damage, black mould and other problems. Before temperatures dip below freezing, shut off water flow to your outdoor faucets, then disconnect and drain hoses. If you plan to be away from home for a few days, have a trusted friend check on your pets, plants and plumbing. Running a bit of water through interior taps each day will protect against a burst.

FIND US ONLINE
Access these and other AMA services from the comfort of home.

Winter tires
Schedule a mobile tire swap. We’ll come to your house to change your (on-rim) tires while you rest easy at a safe physical distance.

Battery check
Make sure your car battery is ready for the cold with our ever-popular mobile battery testing service.

Insurance
Take care of many insurance needs online. Get a quote, request a policy change, start a claim, and even buy renters or condo insurance.

KEEP YOUR PLATE UP TO DATE
Sign up online to have your vehicle registration renew automatically. The start of your last name determines your registration’s expiry.

Sept.: F, Po, T
Oct.: S (except Sc, Sz)
Nov.: P, K (except Po and Ke)