How to Save More Each Month with PC Financial World Elite MasterCard

At the beginning of this month, I took on PC Financial®’s budgeting challenge, which required me to track my family’s expenses in July – including all the purchases I make on a monthly basis for my children. As you know, activities, toys, and clothes all add up! The purpose of keeping tabs on my monthly spending was to see just how many PC points I had the potential of earning if I was using the PC Financial® World Elite Mastercard®, and ultimately how many dollars I could be saving.

As a regular PC® points collector, on average I earn around 3,500 points a month, earned from when I shop at Loblaws for groceries, or a few times a year, at Joe Fresh for clothing. However, when I used this month’s spending log to calculate how many PC® points I could earn monthly on average with a PC Financial® World Elite Mastercard®, I was blown away at the savings potential. When it comes to budgeting for a family and children, every extra dollar saved really counts!

Before I breakdown this month’s expenses and the amount of PC® points my family earned (in theory), I want to highlight some of the features of the PC Financial® World Elite Mastercard®. Off the bat, there is no annual fee! Which is awesome. In Loblaws grocery stores, you earn 30 PC® points per $1. Everywhere else, you earn 10 PC® points per $1. You can start redeeming once you’ve earned 20,000 PC® points, which equals $20 in free groceries. Or redeem higher amounts in further increments of 10,000 PC® points (which is equivalent to a further $10 in rewards). Every PC Financial® Mastercard® credit card has free benefits included. But with the PC Financial® World Elite Mastercard®, the list is longer. And a lot of them are premium benefits other cards would charge you for. For instance:

  • MasterCard Global Service™ that replace your card or offer a cash advance in case of emergency
  • Up to four free additional cards on your account for family members, so you can earn PC® points even faster
  • Free personalized convenience cheques to pay with at places that don’t accept credit cards
  • Free Purchase Assurance in case of theft, loss or damage in the first 90 days7 when you pay in full with your PC Financial® MasterCard® credit card (learn more)
  • Free Extended Warranty that doubles the manufacturer’s regular warranty for up to an additional year on items purchased with your PC Financial® MasterCard® credit card (learn more)
  • Enhanced service so your calls are answered faster, by more experienced agents
  • Access to MasterCard special offers and experiences

To get the full scoop on PC Financial® World Elite MasterCard®, visit: https://www.pcfinancial.ca/m/whyjoin2a

Now let’s circle back to July’s expenses. We did spend a bit more this month than our regular monthly budget for a few reasons. We had extended family visit us at the beginning of the month, which bumped up our grocery bill, and throughout the month we’ve spent extra on activities for our kids – it is summer after all! Those activities include our recreational pass to the pool, which we use almost daily, as well as excursions to museums, indoor activity centres, and movie rentals on rainy days (which we’ve had plenty of this month).

Let’s take a look at the breakdown:

Our weekly spending on phones, gas (we walk and use public transportation), and clothing is below average, however we do put more money towards recreation. As a family, we definitely value experiences and making the most of the summertime is a big priority for us. As you can see, there was a jump last week in the clothing category, which is because I made a big ‘back-to-school’ clothing purchase for my kids. We will be traveling next month, so our travel spending will go up in August, but I won’t be spending $250 on clothes, so we’ll save there. In terms of our groceries, I do watch for promotions and stock up on great deals, which ends up saving us in the long run. Just this week, Loblaws had peanut butter on for $2.99 and I bought 4 jars! That’s one of my best budgeting tips, when you find something your family or specifically your kids go through a ton of – watch for it on sale and stock up!

From looking at my PC Financial® Baby Budget Breakdown spreadsheet, it’s easy to see that points add up quickly. Some of you even chimed in on social media to let me know that you save all year long and come Christmas time, you don’t have to spend a penny, because you just use all your PC® points earned from the year! That’s incredible not to mention a very clever way to save.

Based on this month’s spending, we earned 45,700 PC® points, which is over $40 in groceries. How awesome is that! For a whole year, we could potentially earn 548,400 PC® points – which translates to nearly $550 in groceries for the year or a new wardrobe shopping spree at Joe Fresh!!

I’m stunned. That’s a huge chunk of change back in my pocket just for putting our regular expenses on the PC Financial® World Elite Mastercard® (with no annual fee!). Taking the PC Financial® Baby Budget Breakdown challenge has shown me how valuable it is to collect points with a PC Financial® Mastercard® and what a huge difference it can mean at the end of the year for extra savings for me and my family. Thanks so much for joining me on my financial journey friends!

If you are interested in signing up for or learning more about PC Financial® MasterCard® products, you can do so via the link here: www.pcfinancial.ca/m/whyjoin2a

Disclosure: This is a sponsored blog post on behalf of President’s Choice Financial®. The opinions on this blog are my own.

Emily Smith
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4 Comments

  4. I love my card. However, I didn’t know about the extended warranty coverage. I must go read more about that. Thanks for sharing.

    Reply

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