|

|
BUDGETING AND DEBT MANAGEMENT
|
|
|
|
|
|
Some Money Saving Tips
- Reduce Housing Costs – Refinancing
can sometimes save you money and reduce your interest rate.
- Consolidate Debt with a Home Equity Loan
– Refinancing isn’t the only way you can use your home for additional
investment funds. If you have high credit card balances, you may want
to consider using a home equity loan to pay them off.
- CAUTION: If the root causes of
credit card debt are not addressed, you could repeat the bad spending
habits and accumulate more credit card debt on top of the home
equity loan.
- Review Insurance Costs – Insurance
costs can be a major expense. Take a look at your policies and consider
these cost-cutting measures:
- Raising the deductible on your homeowner’s
or automobile insurance from $250 to $500 could cut your premiums
by more than 10%.
- Consolidating your home and auto policies with the same insurance
company may knock another 5% to 15% off your premiums
without sacrificing coverage.
|