Things to Avoid With Your Money, According to Experts
The pandemic has caused us all to think about money. Our reasons for taking a closer look at our finances may vary but the one thing we all have in common lies in the fact that we all do not want to make the wrong moves with our money especially during times like these.
Here are seven bad moves people are executing with their money during the pandemic, and what we can do instead.
1. Don’t Waste Hundreds on Homeowners Insurance
Many throw away money in this area without realizing what is going on. Be as knowledgeable as possible about your homeowners insurance policy. We are required by law to carry some form of homeowners insurance. We are not required to overpay for this insurance, most insurance company’s will provide the customer a breakdown of what they are expected to pay however, one insurance company named Policygenius allows you to discover how much you’re overpaying.
Policygenius provide policies with beginning premiums of just $25/month. Policygenius also will provide the coverage you need while saving you money. The application process is as simple as answering some basic questions.
2. Having $1M in Life Insurance is an Obtainable Goal
Many would put their family in dire straits if the family lost their contribution of income due to death or sudden catastrophic illness. Many would not be able to pay the bills if they experience the loss of income from the primary bread winner. The dreams of sending the kids to college, family vacations, and happy gift filled holidays disappear instantly.
Sooner is better than later to start planning for the future by securing a term or whole life insurance policy.
We all find the money for the things that we need and many times for the things that we want however, many of us miss the boat in terms of providing financial security for our families through life insurance. Take a few minutes and fill out an application with CAA Group LLC and secure your family’s future today. We are contracted with over 35 insurance companies which enables us to find the right fit for you under almost any circumstances. Go to https://www.CAAGROUPLLC.com, email us at firstname.lastname@example.org or dial (864)663-2949 and enjoy a piece of mind today.
Rates start very low and remain that way throughout the life of the policy in most cases. Having a peace of mind and the assurance that your family is taken care of is priceless.
If you’re under the age of 54 and want to get a fast life insurance quote without a medical exam or even getting up from the couch, get a free quote from CAA Group LLC.
3. Don’t Pay Your Credit Card Bill
Most people have credit card debt. The stress, understanding the terms, the interest rates, the feeling of sinking and not knowing if that will ever end now has a solution.
Many credit card companies continue to get rich by manipulating the masses with high rates, however, a company called AmOne boasts that they can help you payyou’re your credit card debt as soon as tomorrow.
This is how AmOne accomplishes that goal for you: AmOne pairs you with a low-interest loan you then use to pay off every credit card balance you owe. You go from juggling several credit card bills per month to just one bill to pay every month, and because the interest rate is lower, your debt shrinks faster. Plus, no credit card payment this month.
AmOne does not require that you stand in line or phone a bank. Check to see if qualify today, it’s free to check online. Take the two minutes to see if you qualify, and you may save yourself thousands of dollars.
4. Don’t Waste Money on Car Insurance
During this pandemic many of us have used our cars a lot less. Many insurance auto insurance companies have offered discounts or rebates and yet many of us still feel like we are overpaying on auto insurance.
Almost no one enjoys shopping for car insurance. There is a solution to help ease the burden in the form a free service called Gabi. Do yourself a favor and take a few minutes to find out if any other companies are offering a cheaper rate with the same coverage and deductibles you already have. There are no forms to fill out. Just link your current insurance provider account, provide your driver’s license number, and it will start looking for cheaper coverage.
Gabi potentially reduce customers premiums by an average of $961 annually. As an added bonus, once you sign up, Gabi continues looking for savings for you and notifies you if there’s a way to reduce your monthly bill even further.
5. Don’t Pass up $1 Stocks
Take a look at the Forbes Richest People list, and you’ll notice almost all the billionaires have one thing in common — they own another company.
But if you work for a living and don’t happen to have millions of dollars lying around, that can sound totally out of reach.
That’s why a lot of people use the app Stash. It lets you be a part of something that’s normally exclusive to the richest of the rich — buying pieces of other companies for as little as $1.*
That’s right — you can invest in pieces of well-known companies, such as Amazon, Google or Apple, for as little as $1. The best part? When these companies profit, so can you. Some companies even send you a check every quarter for your share of the profits, called dividends.
It takes two minutes to sign up, plus Stash will give you a $5 sign-up bonus once you deposit $5 into your account. Subscription plans start at $1 a month.**
6. Don’t Pay Than $5/Month For a Cell Phone
How long have you been with your cell phone company? If your answer is for more than a year. You may be paying way too much as a result of the fierce competition in that industry.
You may want to weigh your options. One such option is a company called Tello that provide plans starting at $5 a month. Is that less than you are paying now? You have an opportunity to reduce your cell phone bill significantly.
Tello operates on Sprint’s nationwide network, boasting 4G LTE data available where Sprint operates. Flexibility exists in their wireless plans based on usage in terms of minutes and how much data you require, and you have the option to use Tello’s coverage tool to see how strong its network is where you live.
You may use your own phone (Tello works with any Sprint-compatible phone), or purchase a new one through them. Remember — there are no early termination or activation fees, no contracts or phone-exclusive plans, no hidden fees of any kind.
If you decide you don’t like it, you can always just change your mind.
7. Your Credit Score may Cost You Thousands of Dollars
Think of your credit score as a financial fingerprint that is exclusive to only you. That means no two are the exact same. Credit scores are like the weather they change or look different for different reasons. An individuals credit score can be under 700 due to an error on their report. Someone else’s credit score can be under 700 due to a bill they have in collections.
A different strategy is necessary to improve one’s credit score depending on their specific situation… There are options available to show you where to start?
One such option exists in a free website called Credit Sesame. This option examines your credit report and provides instructions on what you need to do to improve your score.
8. Are you Leaving Behind Free Money?
Check out debit cards that can save you money: consider including Aspiration’s debit card in your plans, do not miss out on free money.
Check this out. Aspiration has a debit card that provides you up to a 10% cashback benefit each time you swipe.
Even when you purchase groceries? You receive free money.
At the gas pump when you fuel up your vehicle. Free money again.
You purchase these items anyway — why not get free money in the process?
Do yourself a favor and take the five minutes to sign up for a new debit card and see how much free money you may earn with the Aspiration Spend and Save account.
This information has been provided for informational and educational purposes only, and is not intended as investment, legal, accounting, or tax advice. Investing involves risk.