Advertiser Disclosure
Advertiser Disclosure
We reviewed 50+ ways to save money this year.
We reviewed 50+ ways to save money this year.
We reviewed 50+ ways to save money this year.
Here are the methods that were most effective.
Here are the methods that were most effective.
Switching your auto insurance
(Avg. Savings: $417/year)
Switching auto insurance carriers will typically save you ~$400-$500/year on avg.
Take 30 seconds and go to a 3rd party comparison site (Coverage.com is good) to see if you can find cheaper rates. You’ll likely save yourself a bunch of money.
You should absolutely look into switching insurance companies once a year (potentially more often than that).
Switching auto insurance carriers will typically save you ~$400-$500/year on avg.
Take 30 seconds and go to a 3rd party comparison site (Coverage.com is good) to see if you can find cheaper rates. You’ll likely save yourself a bunch of money.
You should absolutely look into switching insurance companies once a year (potentially more often than that).
Actual results from a user who saved $1,400/year by switching.
Avg savings:
23%
after fees
If you have $10k+ in credit card debt: use a debt relief program to lower your debt by 23% (on average)
Have $10k+ in unsecured debt (think credit cards, medical bills, etc)? You can use a debt relief program and potentially reduce it by around 23% (on average).
If you qualify for debt relief, you’ll likely end up paying less than you owed and could be debt free in 24-48 months.
To see how much you could save, check out this little calculator from National Debt Relief.
Have $10k+ in unsecured debt (think credit cards, medical bills, etc)? You can use a debt relief program and potentially reduce it by around 23% (on average).
If you qualify for debt relief, you’ll likely end up paying less than you owed and could be debt free in 24-48 months.
To see how much you could save, check out this little calculator from National Debt Relief.
Think about getting a financial advisor.
Think about getting a financial advisor.
People with financial advisors tend to beat the market by ~3%/year (according to a 2019 Vanguard Study). That can make a huge difference over time.
But more important: a good advisor will handle ALL of the annoying retirement & tax implications you would have never thought of.
If you don't know a financial advisor personally, use a comparison site (like WiserAdvisor) and find sombody near you that has good reviews.
Or if you want something easier, here's a quiz you can fill out that will find an advisor/planner based on your requirements.
People with financial advisors tend to beat the market by ~3%/year (according to a 2019 Vanguard Study). That can make a huge difference over time.
But more important: a good advisor will handle ALL of the annoying retirement & tax implications you would have never thought of.
If you don't know a financial advisor personally, use a comparison site (like WiserAdvisor) and find sombody near you that has good reviews.
Or if you want something easier, here's a quiz you can fill out that will find an advisor/planner based on your requirements.
Homeowners: unlock some of the cash that's tied up in your house.
Homeowners: unlock some of the cash that's tied up in your house.
Consider a “home equity line of credit”.
Basically, that means you can access your home equity on an "as you need" basis (a bit like a credit card).
HELOCs are ideal for homeowners who need to fund home improvements or need to buy time paying off debt.
If you're not sure where to start, head to a 3rd-party comparison site like this one (LendingTree) to compare rates from top lenders.
Consider a “home equity line of credit”.
Basically, that means you can access your home equity on an "as you need" basis (a bit like a credit card).
HELOCs are ideal for homeowners who need to fund home improvements or need to buy time paying off debt.
If you're not sure where to start, head to a 3rd-party comparison site like this one (LendingTree) to compare rates from top lenders.
Have a company pay for your home repairs.
Have a company pay for your home repairs.
Having a home warranty is like having a safety net for your home (think plumbing, electrical, appliances, etc).
One study showed (source) that almost 70% of homeowners thought their home warranty coverage was worth the money.
Bonus: home warranty companies usually have qualified, pre-vetted maintenance and repair workers ready to get the job done (which is one less thing to worry about).
Use a free comparison site (like AmericanHomeWarranty.org to find a good warranty provider in your area and check their reviews.
Having a home warranty is like having a safety net for your home (think plumbing, electrical, appliances, etc).
One study showed (source) that almost 70% of homeowners thought their home warranty coverage was worth the money.
Bonus: home warranty companies usually have qualified, pre-vetted maintenance and repair workers ready to get the job done (which is one less thing to worry about).
Use a free comparison site (like AmericanHomeWarranty.org to find a good warranty provider in your area and check their reviews.
Try using an ad blocker.
Try using an ad blocker.
A good ad blocker will block virtually all ads before they load (inc banner ads, pop-ups, pre-roll video ads, etc).
They can help save you money on your mobile phone, if you have a limited data plan.
Also, ads can be misleading, tempting you to make impulse purchases. By blocking ads, you can avoid unnecessary spending.
A good ad blocker will block virtually all ads before they load (inc banner ads, pop-ups, pre-roll video ads, etc).
They can help save you money on your mobile phone, if you have a limited data plan.
Also, ads can be misleading, tempting you to make impulse purchases. By blocking ads, you can avoid unnecessary spending.