7 Top Ways To Save Money

How to save on insurance
How to save on insurance
As much as possible, if it can be done, you must seize every
opportunity for you to save on insurance. Here are some tips you can
follow.
Your home insurance:

• If you think about it, you can actually save up to several
  hundred dollars if you buy insurance from a low-price but licensed
  insurer. Compare prices of the insurance departments in your state
  and get the lowest price but most practical company.
• Negotiate a lower selling price with a broker who works for you
  and not as the mediator to the seller. There may be a conflict of
  interest if there are too many people involved. So negotiate with just
  the broker.
  Your life insurance:
• If you prefer just insurance protection, and not a savings and
  investment life policy, you can just buy term life insurance.
• If you would like to purchase whole life insurance, then hold on
  to one up to 15 years. If you cancel these policies after only two years
  of having them in your name it will mean double the insurance costs.
• Check the public library about life insurance in your state and
  get one that suits your personal savings.
  save on credit cards.
  Here’s how:

1. Choose the best credit card
   Not all credit cards are created equal. There is a particular credit
   card that will suit your needs. Getting this type of card will provide you
   the rewards, services, and interest rates that will suit your needs.
   For instance, if you want convenient shopping but can't afford to
   go the extra mile in shopping expenses, it is best to get a credit card
   that can offer you with reasonable credit limits. In this way, you will
   not be tempted to max out your card and accumulate debts you simply
   can't afford to pay.
2. Go for the lowest interest rate
   If you think you can't pay your credit card bills on time but are
   willing to pay your balances in another period, it is best to get a credit
   card with lower interest rates.
   Consumers may not be aware of this, but one of the reasons
   why debts are getting higher is based on the interest rates. The actual
   balances are made worse through interest rate charges.
3. Choose the reward credit cards that suits your lifestyle
   Don't get a credit card just because it can provide you with
   several rewards. Not all rewards are worth your time and money.
   For instance, a frequent flyer’s rewards credit card may not be
   functional if you aren't a frequent traveler. But if you are, getting a
   flyer’s reward credit card can give you discounts as well as points that
   can be converted into tickets. This will be savings considering the
   prices of airline tickets nowadays.
4. Keep a record of all your expenses
   With credit cards, convenience is the name of the game.
   However, it doesn't necessarily mean that you neglect your
   responsibilities. One of which is to keep a record of all your expenses.
   In this way, you will be able to identify which purchases weren't
   necessary at all. So the next time around, you will know what to avoid.
5. Do not keep balances
   Never let your balances stay on your credit card bill statements
   for long. This means that if you have accrued balances for the month,
   try to pay them immediately.
   Paying your minimum balance only won't do you any good. In
   fact, this might trigger further debts. Besides, interest rates only apply
   whenever you have balances. And interest rates are additional
   expenses for you. If you pay your balances monthly, you won't be
   charged with interest rates, so you get more savings.
6. Be wary of cash advances
   If it isn't an emergency, never take cash advances on your credit
   card. Financial experts say that cash advances reap higher interest
   rates compared to the ones that you have on your credit card
   purchases, which are, by nature, soaring as well.
   Combination of these two will definitely bring you to debt
   problems. Besides, cash advances don't take on certain periods, so
   that means the charges will take place instantly. That would be very
   hard if you aren't prepared to pay off your balance immediately.
7. Ask for a lower rate
   If you have been an obedient customer and pay your bill on
   time, it wouldn't hurt you to call your bank or your credit card issuer
   and ask for a lower rate.
   Surveys show that nearly 55% of those who participated in the
   survey were reported to have trimmed down their interest rates simply
   by requesting their bank or their credit card companies to act
   accordingly.
   With lower interest rates, you can definitely save more especially
   if you are the type of credit card holder who doesn't get to pay the
   balances on time.
   All of these things are catered to help you cut back your
   expenses and save more on your credit cards. These things have been
   proven effective. It is now up to you if you will heed this advice or not.
   Just remember, your actions will always tell you the kind of life
   you want to live, so better make good choices and start saving now.
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