Of all the painless ways to save money, improving your credit
score is arguably the most important. From home loans and car loans to
credit cards and auto insurance, a good credit score can save you a
small fortune. Over a lifetime, the savings can easily reach tens of
thousands of dollars.
Of all the painless ways to save money, improving your credit
score is arguably the most important. From home loans and car loans to
credit cards and auto insurance, a good credit score can save you a
small fortune. Over a lifetime, the savings can easily reach tens of
thousands of dollar.
Invest on the cheap.
iStockphoto.
For mutual fund investors, stick with funds that have low expense
ratios. My rule of thumb is to keep the weighted average expense ratio
for all mutual funds under 50 basis points (0.50 percent). Compared with
funds that charge well over 1 percent in fees annually, the savings
over a lifetime of investing can be substantial.
Think triple play.
iStockphoto
One of the biggest monthly expenses for some is the cost of
Internet service, cable, and phone. The major of providers today offer
discounts when you bundle all three of these services together. Called a
triple play, you not only save money, but you also get the convenience
of a single bill each month.
Go prepaid with your cell phone.
iStockphoto
While this option won’t be right for everybody, many can save a
small fortune with prepaid cell phones. You can find prepaid cell phone
plans that charge just $0.10 a minute. And because they are prepaid, you
don’t have to commit to long-term contracts. Two of the more popular
prepaid cell phone carriers are Net10 and Cricket.
8 Painless Ways to Save Money
Share on Facebook
Shop online.
iStockphoto
Many retailers offer special discounts to online shoppers. And
virtually every company that sells products or services online offers
promo codes, discounts, or coupons. Particularly if you have a big
purchase planned, make sure to search the internet for deals before
buying.
8 Painless Ways to Save Money
Share on Facebook
Get cash back.
iStockphoto
If you have good credit, there are a number of cash-back credit
cards that pay up to 5 percent on purchases. The key is to use the card
for monthly bills and everyday expenses, not to charge things you don’t
need. Put monthly bills that accept credit cards on automatic payment,
and use the card for everyday purchases such as groceries and gas.
No comments:
Post a Comment