Silent Dangers in Your Finances

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There is no denying that the economy has made a tremendous turn around over the past few years.  Many Americans are riding high and once again are letting their guards down on their finances and not realizing the “Silent Dangers in Your Finances”.  Many studies have shown that many Americans are living paycheck to paycheck instead of saving.  What if the bottom was to fall out of the economy again…….Will you be prepared? 

That is a question that many can answer with an astonishing “No”.  What are things that we can do to prevent ourselves from falling for economic tragedy again?  The one thing to do is to be prepared and while times are good start to save.  No one is a fortune teller and will ever predict when the economy will fall again so find ways to save. 

Many people don’t realize what they can do to save themselves some extra cash.  Here are three of many ways to save money and recognize what to do.

·         Recognize what the actual cost for owning a car in your state.  We all just get in the car and drive, but forget about monitoring how much it cost for gas in the car, tune-ups, tires, and state fees for things like your tag and insurance which is a must in most states.  The average cost to own a vehicle in America is $3500 per year.  This is based on average use so if you are one that drives around more than most this cost will cost you more.  To cut this cost down is simple, stop casual driving and go where you need to go with a very fuel efficient route.  If you and your friends are going out or just hanging out in the same place then alternate who picks who up. Of course not all the time but every little bit helps.  To save on fuel don’t be a speed demon and take your time.

 

·         Cell phone bills are a big danger.  Cell phones have taken off over the years and get more and more expensive.  With companies like Sprint, AT&T, and Verizon holding us hostage with rates which they raise every year does not help the consumer to save money.  Most Americans are starting to use their phones for everything.  The standard bill is not the problem.  It’s the data plans and all the apps these phones come with.  These apps get our attention and I have to admit myself that you could lose time when you are using them.  As you lose your track of time on these apps your data plan has taken a big hit and most of these companies can charge anywhere from $.20 to $1.00 per minute.  That can really add up, so be careful of your minutes.

 

·         Cable Bills are another budget killer.  When you sign up for cable, you most likely got the best package they had.  Now do you really need every movie channel?  I mean look at the movies they show over and over and over.  It’s like the same movies every month.  Now with the movie package your bill will jump up to $100 a month or more.  Now a great solution to that is to get a membership on Hulu, Redbox, or Netflix for under $10 per month.  They show the same movies that are on cable and you can watch them when you want on your time.  Now $10 per month for all the movies and television series you want, or $100 per month and they pick what they want you to watch.

 

Well these are just a few examples of Silent Dangers in Your Finances.  If you could just cut back on these, it will save you a great deal of money over the year.  Now think about the things that you spend a lot of money on and see how you can cut cost doing that and I am sure you will free up hundreds of dollars per month.

About the Author

My name is Andre Hardy and I love to help people achieve their financial goals by way of a “Home Business”.  If you have any debts like student loan debt, credit card debt, or you may just need an extra 500 to a 1000 dollars a month.  Contact me and find out how you can do this or fill out the form on my website.  http://www.1-2-3-bedebtfree.com

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