Check out our best tips to help your wallet
Paying an unnecessary amount on your car payments can be a detriment to anyone's monthly budget. Perhaps you've reached a point where you can't afford the payments with your current financial situation. Maybe you're just sick and tired of paying more than needed and...
You know when you have that stack of mail and out peeks the monthly bill from the cable company? It's an almost universal reaction to groan. If you're like most people, the first thought that runs through your head is I'm paying all this money and still can't find...
49% of Americans live paycheck to paycheck, and more than half don't have emergency funds to cover up to 3 months of expenses. If you find yourself wondering why you don't have anything left over at the end of each pay period, it might be time to look at new ways to...
According to the National Center for Education Statistics, there are 6,651,536 students enrolled in online classes across America. It's easy to see why: online classes offer increased flexibility for time and location of study, online classes let you work at your own...
So you've just had a medical procedure. Big or small, you've had invasive work done, and you really should be focused on your own recovery, right now, not how you will cover the bills. But, instead of spending all day recuperating, you find yourself up all night...
The average spending on cable TV among subscribers was around $107 per month in 2018. That’s 30% more than the average cost per month of $75 in 2010. Streaming providers are working hard to capitalize on consumer dissatisfaction over these price increases, pointing...
Now that unemployment is reaching record numbers due to the unforeseen circumstances arising from COVID-19, it's never been more important to save money. Nobody knows what the long term economic effects will be and that's why you want to have as much cash saved as...
If you've recently started working from home, your commute is now a thing of the past. What's not to love? Fewer hours on the road means more hours in the comfort of your own home. The problem is, if you’re like the average American, you're paying an annual $1,566 for...
20 Ways to Save in 2020
Refinance your mortgage
If you own a home, now is a great time to look at refinancing as a way to save money on your monthly payments or even over the life of your loan.
Cut the cord
One of the easiest ways to cut down on your monthly expenses is to get rid of Cable and start streaming. There are great services out there such as Netfiix, Hulu, Amazon Prime and Sling TV that offer great content, as well as access to live TV channels.
Consolidate your debts
A balance transfer credit card or personal loan could be a great option for those that are carrying a lot of debt with a high interest rate. There are many balance transfer credit cards out there that offer perks such as 0% APR for up to 18 months, as well as personal loans that offer very competitive interest rates. By taking advantage of these options responsibly, you can save quite a lot of money on interest.
Refinance your current auto loan
Based on current rates, now may be a good time to see if you can lower your monthly payment on your car by refinancing. Auto refinancing isn’t as popular as a home refinancing, but can be just as effective when applicable.
Use a travel rewards credit card
If you are travelling, start earning benefits by using a travel credit card to earn points toward future flights and hotel stays.
Cut down on your energy bills
Have you investigated solar energy? While there may be some upfront costs, over the long-term solar can equal big monthly savings on your energy bills.
Refinance your Student Loans
Student loan debt can be crippling, but you do have the power to make it less of a burden through refinancing to save money with a new, lower cost loan.
Switch your Auto Insurance
Did you know you can change auto insurance every 6 months? Given this, insurance companies are constantly battling for your business so it makes sense to shop around from time to time to see if you can get a better rate.
Lower your cell phone bill
Take a look at your cell phone bill and truly understand if you need all of that data in the current plan. There are many cheaper options out there, such as Mint SIM, Tin, Cricket Wireless, Boost Mobile and more where you can lower your monthly payment and save big over the course of year.
Cancel your gym membership
Most exercises that you can do at the gym, you can do at home with some creativity. YouTube is a great resource for coming up with ideas for unique home work outs!
Make sure your tires are properly inflated
Did you know that tires that are inflated correctly can increase your fuel economy by over 3%? This can equate to a lot of gas savings over the course of the year.
Bundle your Cable and Internet
If you are not ready to cut the cord, consider bundling your cable and internet for even more savings. There are a lot of options to consider and we’ve even compiled a great list here!
Lower the temperature on your hot water heater
Your water heater can waste anywhere from $36 to $61 dollars a year if its set too high — usually above 140 degrees. Set the temperature around 120 degrees to save money and reduce mineral buildup in your tank.
Get more energy efficient light bulbs
Replace your incandescent bulbs with LED bulbs to save around $75 a year with these bulbs.
Drink less bottled water
Open an Online Savings Account
Double check the APY of your savings account. You can start earning a good chunk of change on money that would have just set in a standard savings account or checking account earning no interest by opening up an online savings account.
Use public transportation when possible
You can save a lot on gas, car maintenance and potentially get car insurance benefits depending on the amount of time that you use public transportation vs. driving your own car.
Unplug unused electronics
Did you know that electrical devices that stay plugged in draw a small amount of electricity that can quickly add up depending on the number of items you have plugged in. To help decrease your electric bill, unplug these items when not in use.
Look into air sealing
By air sealing your home, you can prevent drafts that can potentially increase your utility bills without increasing heating or cooling of your home.
Start a 24 hour rule
This is a great rule for those online shopaholics. If you see something you like, put it in your cart and enforce a 24 hour rule before you allow yourself to make a purchase. This way, you will really make sure you want that item and are not just buying it impulsively.
Top Personal Finance Reads
There are currently over three million Americans who are unable to pay their mortgages. As the economy shifts resulting from COVID-19 gets worse, this number is likely to increase. If you find yourself unemployed or had your income reduced, you're likely wondering how...
If you want to be earning more from your rewards card, it could be that your card’s bonus categories don’t closely match your spending. In that case, take a closer look at the revamped Bank of America® Cash Rewards credit card, which offers some of the most flexible...
If you're looking for ways to save on your monthly mortgage payments, refinancing can help. Many homeowners choose to refinance every year, and getting an appraisal is a crucial part of the process. Read on to learn more about refinance appraisals and what they can...
When COVID-19 hit the world at the beginning of 2020, it had a devastating toll on many lives. As of late-May, there have been over 100,000 deaths in the United States. Not only that, but it also had a huge economic impact felt by people worldwide. In America, over 36...
Looking at houses, imagining them as your own, is exciting. Arranging your furniture in your mind's eye and thinking about putting down roots is all a part of the home buying process. But some more daunting steps are part of the process too. Saving for a...
On average, people in the U.S. have four credit cards. How many of those credit cards have a rewards program? Do any of them have hotel partners? No matter how many credit cards you decide is right for you, it's important to make each one of them count. The Chase...
If you’re a frugal shopper, Costco trips are probably a part of your routine. They offer some of the best value of all big box stores in everything from dry groceries to specialty items to home goods. You may have noticed that Costco has a few more barriers to entry...
With all the recent business shutdowns, layoffs, and other economic shifts, more Americans than ever are looking for alternative sources of income. Starting in March 2020, a staggering 30 million people—nearly 1 in 5 workers—filed for unemployment in only six weeks....