The seven deadly money sins continued: Sin 3: Not letting your fingers do the walking: When was the last time you checked how much you were paying for your phone, internet, health insurance, life insurance, car insurance, electricity and gas? Maybe youre already paying the lowest rate possible. But probably not. Any savings are free money. Yes, literally free. The same insurance cover for lower fees? Free money. Same internet speed but lower monthly bill? Free money. And if you can live on a smaller download limit, use less electricity or make fewer calls, you win – twice. Sin 4: Donating to your bank: Id guess well over 90 per cent of people are paying higher interest rates than they need to. Fix it in two easy steps. First, jump onto a comparison website to find the best variable loan rate. Then call your bank or credit union and ask them to match it. If they do, great. If they dont, refinance your loan with the lowest rate provider. Youll save a fortune over the life of your loan. The banks are making enough money without you donating extra. More seven deadly money sins to follow.
Posted on: Tue, 07 Oct 2014 02:00:01 +0000
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