No one is perfect with money. Let’s face the fact that we all make financial mistakes from time to time, and let experts help us grow. Here are eight things you should never do with your money – and how you should act instead.
1. Don’t pay too much for homeowners’ insurance
Homeowners’ insurance policy can sometimes be extremely overpriced, especially if you haven’t considered all the available options. Check out what insurance company called Policygenius offers: here, the insurance price starts at $25 a month. Don’t worry – you’re not skimping on coverage. Policygenius will provide you with everything you need.
2. Don’t Pass Up $1M Life Insurance
No one wants to think about the moment they die. It’s understandable, but it’s crucial to make sure that your family is going to be OK at least financially once you’re gone, and the pain from the loss is not worsened by not knowing how to pay for food.
Look into the life insurance policy. It’s not as expensive and time-consuming as you might think. With the company called Bestow, your application will take just a few minutes, after which you will be able to leave your family as much as $1 million! Their rates start at $8 per month.
It’s the best option for those under the age of 54; it’s fast, you don’t need a medical exam, and you can get it without even leaving your house.
3. Get Help Paying Your Credit Card Debt
Credit card debt is extremely overwhelming. One of the worst things about it is the fact that the interest rate on it is extremely high. Don’t panic – this is exactly the type of situation AmOne can help you with.
This is how it works: AmOne gives you a low-interest loan to pay off the debt. This way you have just one bill to pay every month, and the rate is so much lower, which means that you can pay it off much faster.
Check out online if you qualify, it’s free and takes just a couple of minutes! You won’t regret it.
4. Don’t Waste Your Money on Car Insurance
Think about how much you pay for car insurance. The answer is probably the same for many of us: way too much.
With that, choosing car insurance can be very exhausting, which is why we like to use Gabi. Gabi is a free service with the help of which you can see offers from different companies and find the cheapest rate with the necessary coverage.
Also, you don’t need to fill out any forms. All you have to do is to link your insurance account and driver’s license. Their customers save as much as $825 a year on average. Finally, if you sign up, the service will alert you if the price drops, so you can save even more.
5. Don’t Miss out on Free Stocks
The stock market is so difficult to deal with because it’s very unpredictable. Your stocks go up and down, and this ride isn’t much fun.
However, this situation can be changed quickly once you get yourself some free stocks. Too good to be true? Check out Robinhood, which does just that. With them, you can get free shares of such companies as Facebook and Microsoft.
Everyone loves Robinhood because it’s possible to invest as little as $1. And there are no commission fees: buy and sell as many stocks as you like. In order to get a free stock, simply download the app and spend a few dollars there. After that, you’ll get a free stock worth anywhere from $5 to $500.
6. Stop Paying More Than $15 per Month for Your Cell Phone
Being overcharged for your smartphone plan is totally avoidable. You can rely on Twigby to get the same kind of service you get now for just $15 per month. And you get to build your own plan, too. They all come with unlimited texts; you decide how much data and how many minutes you need.
Twigby uses the Verizon and Sprint networks; and new customers get a 25% discount for the first 6 months.
7. Don’t Neglect Your Credit Score
Your credit score is essentially your financial fingerprint. All your actions in this sphere influence it, so we all need specific strategies to improve our scores. Where does one start?
Credit Sesame is a free service that will help you out. It analyzes your credit report and gives you all the necessary information with particular steps to improve your score tremendously.