I have always lived in towns with small populations and only one cable provider. Now, I live near Dallas, TX which has a population of over 1.38 million. This area has a lot of businesses that support all these people and what I learned was there are more than just one TV, phone, internet, insurance or gym providers. This makes more competition, and with more competition the customer always wins. BUT ONLY IF THE CUSTOMER TRIES. There are many reasons why people don’t rate shop. They don’t have the time, they don’t think it’s worth it financially, they don’t know about cheaper rates, or they think that they are locked…
-
-
How To Save Money: Pay Less Interest On Student Loans
A lot of people nowadays are carrying and working to pay off student loans. Here is the crazy thing, most people have paid and will continue to pay way more than need be because they haven’t read this article. You may know this already, or like most people, you may not. Big concept: when you make a required loan payment, it is divided equally between all of your loans. Now Lets Break This Down I want to start with the different types of student loan pay-back structures. Here is the government website which explain in detail the plans: https://studentaid.ed.gov/sa/repay-loans/understand/plans First there is the standard plan which are fixed payments over…
-
Don’t Have an Online Bank Account That’s Making Bank…It’s Time to Get One.
When I learned that the inflation rate is around 2.9% a year, I started to freak out. this means that the money I have sitting in the bank getting interest of .01% a year is losing basically 2.89% buying power every year. The money I was saving I was actually losing. The crazy thing is most people were also in the same position as me, keeping their funds at a brick and mortar bank and only getting .01% interest. So, guess what I did? I switched my savings account from Chase to Barclay online saving. They give 2.5% interest on your money. Yes, that is correct, two-point-five percent per annum. …
-
Parents! Want to Learn How To Make Money Back While Paying For College?
So this is counter intuitive but stick with me…use at least some credit cards to pay for college tuition. I want to start out first with why you shouldn’t do this, but again, please stick with me cause I have the solution. Credit card interest rates are very high. Credit cards are unsecured debt so of course they are going to charge higher interest rates. Here is a card with a 18% interest rate used to pay for one year of college costing 30,000. If you let the debt sit on the credit card, you will end up paying 5,400 in interest the first year, $6,372.00 the second year and…
