Tuesday, January 14, 2014, AM | Leave Comment
In order to save the most money, you need to know that you have options with every item that you buy. Those items could include food, clothes, vacations, mortgages, student loans, auto loans, and much more. Everything that you need throughout your life can be purchased at a lower cost or rate if you take the time to look into your options.
Here is a quick look at 5 tips that can help you to save money no matter the item for which you are shopping.
Check Out Credit Card Offers
When it comes to finding a great credit card, be sure to look into the details of the interest rate, annual fees, and other fees that may be outlined in the fine print of the offer. It is best to get a credit card that offers rewards. The cash back rewards are going to be based on the amount of funds you spend with the card. You could get cash back every time you purchase groceries, gas, and other items. Other credit cards will even give you miles that you can use for your next vacation and save even more money.
Pick the Right Type of Checking Account
Banks have several types of checking accounts that you can get. You will want to get a checking account that will give you rewards back every time you use it. For example, a high yield reward checking account will waive all of your ATM fees and give you interest on the funds you have in the account. You will be required to make a certain number of transactions with your debit card per month, have at least one bill pay come out every month, and receive your statements online in order to qualify for the rewards.
Know Your Loan Options
When you are trying to get a loan for school, a mortgage, a car, or even personal use, be sure to look at your options and know that you can negotiate a better deal. You don’t have to stick to the first loan option that is given to you. Look for the best interest rates and see what the total cost will be after the loan is paid off.
Use Phone Apps
Technology is constantly growing and there are phone apps available for everything. You can get apps on your phone that will let you know where the best deals are at for items like food, restaurants, clothes, and much more. It only takes a few seconds to download a app to your smartphone that can potentially help you to save money every time that you leave the house.
Coupons to Stretch Out Your Dollar
Coupons are not just located in the Sunday paper. You can get coupons in magazines, print them off the internet, and even email companies to have them sent to you. When you contact your favorite companies through email or social media, they can send out coupons for you to get your favorite products at a cheaper cost. Every coupon used will add up over time and can save you hundreds or even thousands of dollars.
Don’t ever hesitate to try to negotiate a great deal. Remember that you are in control of your money. Try some of these great tips today to help you keep more money in your wallet.Facebook.com/doable.finance