Five Finance Tricks to Make Your Money Work for You
Wednesday, July 27, 2016, 6:00 PM | Leave Comment
Are you looking for ways to stretch each dollar further? Just putting your paychecks in the bank is a good start saving up, but if you want your money to do more for you, you’ll have to do a little research.
Check out these five financial tricks to make your money work for you.
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Refinance Your Home
With current rates being so low, you may be able to refinance your home and save quite a bit on your payments.
Check with a Republic State Mortgage Co to see if you are eligible to refinance at a lower rate.
With smaller payments, imagine how much extra money you will have for other purposes.
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Peer to Peer Lending
With interest rates being so low, it can be hard to figure out where to place your money to make a decent amount of interest.
If you are willing to take some risk, you may want to check into peer to peer lending as it is offering up a much higher interest rates than many other current options.
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Call your Utility Providers
If you have been with your phone or cable companies for a while now and have noticed a hike in pricing, consider calling them up to negotiate a better price.
Many of these companies will work with you to get your monthly cost down to a reasonable price to honor your long time commitment.
If they do not work with you, consider checking into competitors as they may be willing to offer you a much lower rate in exchange for your service.
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Coupon
Your first thought might be that you don’t have time for this. However, there are so many different apps that do a majority of the coupon work for you now, that it can be a cinch and takes relatively little time to save a hefty percentage on your grocery bill.
Take the time to search for a local blog that offers coupon match-ups at a grocery store near you.
Read a little on how to start and try it for a few weeks to see how much you can stretch your dollar even further.
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Consider Switching to an Online Bank
Having a hard time finding a decent interest rate on a savings account?
Consider switching from a brick and mortar bank to a reputable, FDIC insured online financial institution.
Many times online banks can offer higher interest rates than a brick and mortar bank.
Saving money is always a good idea, and making your money work for you means your savings are helping you build a better financial foundation.
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