Financial Experts Say Never do These 7 Things With Your Money

Have you ever feared you’re making mistakes with your money and had no way of knowing what not to do? Well, fear no more, as we’ve assembled a list of seven things many financial experts say you shouldn’t do with your money.

-Don’t Be Overcharged for Car Insurance:

Little known fact, you should be looking for new car insurance quotes every 6 months or so, as your possible rates. Using online marketplaces, you can compare rates side by side and possibly end up saving yourself hundreds of dollars a year.

-Don’t Fall Prey to Your Bank:

Considering signing up for an Aspiration debit card. The card eliminates bank fees and gives you a 10% kickback for every purchase made. Your money is FDIC insured and under military-grade encryption, so it’s just as safe – if not safer – than a typical bank.

-Don’t Waste Money on Multiple Credit Card Bills:

If you’ve accumulated even moderate credit card debt on multiple cards – don’t worry, we’ve all been there, it can become very overwhelming to pay so many bills a month. If you owe under $50,000 on these multiple cards, it might be wise to see if you qualify for a low-interest loan from a company such as AmOne. You can pay off the credit cards and be down to one payment a month to repay the loan, with a lower interest rate to boot.

-Don’t Skip Out on Life Insurance:

Whether through your job or not, you absolutely should consider life insurance. Policies up to the $1 million range can be had for around $16 a month, which is more than worth it to ensure the future financial security of your family.

-Don’t Waste Your TV Time:

You probably think we’re about to tell you that it’s a “waste of time and money” to watch television right? Well, that’s surprisingly not the case. According to financial experts, there’s a way to make money watching television. For example, “You could add up to $225 a month to your pocket by signing up for a free account with InboxDollars.” Sounds like a pretty sweet gig, no?

-Don’t Overpay for Your Cellphone:

Cell phones. especially smartphones, have become a necessity of life this century, both professionally and personally. However, just because you need a phone doesn’t mean you need to overpay for a phone. Look into every cell phone company option, including discount companies like Tello that offer equally good service networks for a fraction of the price.

-Don’t Become Trapped by Your Credit Score:

Credit scores can be incredibly frustrating, especially when one is trying to figure out how to get above the ever-important 700 number. However, you don’t have to do it alone. Websites like Credit Sesame analyze your credit report for any mistakes as well as tell you how to improve your score.

Following these and other financial tips from experts are the best ways to find yourself financially savvy enough to know what you should and shouldn’t do with your money.