5 Relevant money saving tips
Written by John
Tuesday, 19 February 2008 11:10
Many people think they need to reduce or even stop spending all together just to save money. Changing your thinking about the way you spend your money is the real key to keeping more green in your pockets from month to month.
Improve your credit score
Many of you think that this is an impossible act but its not, its even easier than you think! The amount of money you can save by having a semi-decent credit score is amazing when you think that most people with a a FICO of 4-500 can only get interest rates of 17% or worse on car loans, and might not even be able to get one at all. Many of the negative items on your credit can easily be removed within 4-6 months. I did it and so can you, check out DSI Solutions for more information.
More than 70% of the people out there have some negative items on their credit from the past 7 years, most of which are items like late payments and over drafts. All of which can be removed from you credit score with little or no work from you. The best part is DSI provides a money back garuntee for their services. If you are not satisfied with their efforts you can easily get a refund of service!
Consolidate your credit cards
This seems like a simple thing but many people have multiple credit cards and store specific charge cards, even lines of credit from that computer or furniture purchase. I bet you can not tell me what each credit lines interest rate is right now. If you can’t then thats a definite sign that you need to first find out and second get all those items consolidated into one such as a low introductory rate credit card or a low interest consolidation loan from the bank. Try to stear clear from credit card consolidation companies and work with someone like your bank. Consolidation companies are created by the credit card companies
Use your credit card for online purchases
Many credit card companies have shopping portals that can earn you extra bonus points. Banks that use World Points for instance, has a great shopping portal site that gets your extra bonus points for shopping at places like Buy.com, Pet care, restaurant.com, and even major travel sites like Delta and Orbitz. Each of the sites listed offer huge bonus points from 9-10 per 1 dollar spent. Most of your mandatory items should be bought in this fashion to earn you maximum bonus points. They can then be used to redeem for travel or cash on your vacations.
Use a gas rewards credit card
Its something we all have to buy anyway, why not make some money back. Get yourself a credit card specificly for gas purchases and earn up to 10% back. Most of us spend anywhere from 500 – 1000 dollars a month on gas depending on the type of vehicle you drive. Why not get an extra 50-100 dollars a month back. Its important though that each month you pay it off in full or the interested will make it not worth your effort.
Get a new car Insurance quote after repairing your credit
Many car insurance companies base their much of their decisions on your credit score just as much as other factors. Once you have gone through the process to repair your credit or your score has gone up, make sure you shop around again for new car insurance. You will notice a significant difference in prices based on your old vs new credit score. Its also important to always check car insurance prices every time your insurance is about to renew. Many car insurance companies will give you a great rate as a first time buyer from them, making switching more valuable.
Check out additional money saving tips
http://www.pueblo.gsa.gov/cic_text/money/66ways/content
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yooo!
I just bought a new car!
anyways!… I’m looking around for cheap car insurance..
can any of you link me to some good, cheap car insurance companies to me please?
would really be greatful.
Thank you!