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You’ve done what you can to cut back your spending.
You brew coffee at home, you don’t walk into Target and you refuse to order avocado toast. (Can you sense my millennial sarcasm there?)
But no matter how cognizant you are of your spending habits, you’re still stuck with those inescapable monthly bills. You know which ones I’m talking about: rent, utilities, cell phone bill, insurance, groceries…
Although we can’t swipe these off the table for you, we can stop you from OVERPAYING them…
1. Credit Cards: Get Rid of up to $100,000
Your credit card is getting rich by ripping you off with insane rates, but a website called Fiona could help you pay them off tomorrow (if the balance is under $100,000).
Here’s how it works: Fiona will match you with a low-interest loan you can use to pay off every credit card balance you have. The benefit? You’re left with just one bill to pay every month, and because the interest rate is so much lower, you can get out of debt so much faster. Plus, no credit card payment this month.
Take, for example, Katherine, who faced $12,000 in credit-card debt. Holding her back? The 15.24% interest rate. By refinancing with a 5%-interest, seven-year personal loan, she saved $12,000 in interest.
If she’d kept on the same road, she would have paid something like $14,000 in interest alone over 25 years. Yikes
Fiona won’t make you stand in line or call a bank. And if you’re worried you won’t qualify, it’s free to check online. It takes just two minutes, and it could save you thousands of dollars. Totally worth it.
2. Life Insurance: Take Back $100s
If you’ve thought about how your family would manage without your income after you’re gone, chances are you’ve looked into life insurance.
But, so often we end up not following through on it because it takes too much time or money.
But your application shouldn’t take more than about five minutes — and you could leave your family up to $1 million by spending 83 cents a day on life insurance with a company called PolicyGenius.
You can change or cancel your plan at any time. Plus, the security of knowing your family is taken care of is priceless.
Want to leave your family $1 million? It takes two minutes to get a free quote.
3. Car Insurance: Cut Your Bill By $670 (With The Same Coverage)
When was the last time you shopped around for car insurance? Was it more than six months ago?
If so, you’re probably overpaying — by hundreds of dollars. Yep. Experts say you should compare rates twice a year to get the best deal.
Twice a year? Yeah, we don’t want to do that either.
A service called Zebra does all the shopping for you to find cheaper insurance — with the same coverage and deductibles you already have. And it saves customers an average of $670 a year.
We talked to Artie Januario, who found new insurance through The Zebra and managed to knock off $30 a month — or $360 a year — from his premium.
All you have to do is enter basic information about your car and driving history, then The Zebra compares prices from more than 100 companies to find you the best price.
4. Cell Phone: Cut Your Bill By More Than Half
In these stressful and uncertain times, the last thing you should have to worry about is whether you can pay your cell phone bill.
They’re expensive, though! The big wireless companies will charge you an arm and a leg, and it feels like the cost just keeps going up.
One company is slashing prices, though. In this economically shaky time, a discount wireless carrier called Twigby just rolled out three new smartphone plans with lower prices than ever, starting at $15 a month.
It worked for Zak Wilson. He’d been paying Verizon Wireless about $180 a month for two lines. So he tried Twigby. For both phones, he’s now paying $60 a month.
With Twigby, you get to build your plan. Each plan comes with unlimited texts, then you choose how many minutes and how much data you need each month. Plans also include free Wi-Fi calling and texting.
Twigby uses both the Sprint and Verizon networks for its coverage. You can bring your own phone, plus new customers get 25% off the first 6 months of service.
5. Renter’s Insurance: Lower Your Bill to as Little as $5
What if you lost everything? All your possessions — your clothes, your furniture, your laptop. Any jewelry you have. Even your microwave oven.
A kitchen fire could torch it all. A burglar could steal your valuables. And where would you be then?
You could be out of luck — unless you have renters insurance. And here’s the thing: It can be surprisingly cheap, especially if you get it through a company like Lemonade.
With Lemonade, you could get a policy for as little as $5 a month — less than half the average rate.
Even better? No phone calls. No lengthy sign-up process. The whole process takes just 10 minutes. And $5-a-month renters insurance policy could be a lifesaver in the event of a fire or theft or vandalism.
If you think you don’t own enough stuff that’s worth insuring, just take a look around you. How else would you be able to replace your possessions if you lost them all? Check to see how much it would cost to insure it all. You might be surprised.