Five End of Year Money-Saving Tips
Five Tips to Ring in the New Year
Welcome to Saving Money with Andrew!
With Christmas just behind us and New Year’s coming up, Saving Money with Andrew is on an abbreviated schedule this week. But let’s take a look back at five of my favorite money-saving tips for 2019:
Take Advantage of Low Interest Rates and Consider Refinancing - Mortgage rates remain near all-time lows, offering a fantastic opportunity for homeowners to consider refinancing. If you are already prepaying your mortgage, or can easily make the increased payment, you may want to consider a 15-year loan for even lower rates. Only applicable to the homeowners out there.
Make Sure You Are Earning at Least 2% Credit Card Rewards - Other than the Amazon Prime Rewards Visa for heavy Amazon.com shoppers, for 98% of people it really doesn’t make sense to have any credit card other than a basic card offering 2% cash back, such as the Citi Double Cash Card.
Make Sure Your Internet/TV Provider is Giving You the Best Rate - One easy call per year to save hundreds of dollars.
Consider Switching to a Wireless MVNO (like Google Fi or Ting) for Major Savings - Can be a bit complex but can easily save you $10-20 per month per line. We save easily $50/month on our family plan compared to major carrier pricing.
Start Using Cashback for 1-15%+ Off Your Online Purchases - Remember to click through a cashback site before shopping online.
I hope everyone has had a wonderful 2019, and here’s to a great 2020! I will be back next week with brand new money-saving tips.
I hope this has been helpful. If you liked it, please share it with a friend! Also, please send me your feedback, requests, and success stories.