For your bills
- Pay a little extra on your mortgage: Paying an extra $100 each month on a $200,000, 30 year loan, will save you $63,308 over the life of the loan and will pay it off 5 years early. Now, couldn’t we all benefit from saving $63,000?
- Reduce credit card debt: You can save over $700 if you transfer a $2,000 balance with 18% interest to a different card with an 8.25% interest rate. Or, take advantage of those 0% interest cards and save even more!
- Review your insurance policies: Now is a great time to look at your homeowners, auto and life insurance, and see if you need to make a change. You could check to see if you have too much coverage or consider combining your auto and home insurance or raising your deductible.
- Cancel any club memberships you don’t use or magazine subscriptions you don’t read.
- Say goodbye to late fees: If you keep finding yourself getting hit with extra finance charges because your credit card bill is regularly due before you get your paycheck, call the credit card company and ask to have your due date changed. It may take a few months for the new date to kick in, but it’s well worth the wait!
