Ways to Lower Your Cost of Living
Ways to Lower Your Cost of Living. If you’re determined to have the lowest cost of living among all other human beings in the United States, consider relocating to the Magnolia State.
In all seriousness, it offers the lowest overall cost of living when you factor in food, housing, and transportation prices. If you live in the Magnolia State, your money will most likely go further than it would if you lived in a major metropolitan cluster such as New York, California, or Florida on a dollar-for-dollar basis. In addition, you’ll receive more bang for your buck than you would if you were to live in Hawaii, which has the highest cost of living in the country.
However, for the majority of people, packing up everything they own and relocating somewhere else simply because it is less expensive does not make sense. Jobs, family, friends, and simply enjoying your current location mean that purchasing a piece of real estate outside of Jackson is not always a practical option for everyone.
So it doesn’t matter if you live in Huntsville or The Hamptons; you can lower your living expenses in either location. Consider taking the following methods to reduce your expenses and give your budget a Mississippi makeover:
1. You can save $489 per year on your car insurance in minutes
When was the last time you compared auto insurance quotes? Probably not recently. If you don’t live in Ohio, North Carolina, or New Hampshire — the states with the lowest auto insurance in 2021 — you’re undoubtedly overpaying for your insurance coverage. And that can put a significant dent in your lower standard of living.
Whatever your location, you should review your options every six months or so – it might save you a significant amount of money in the long run. Let’s be honest about this, though. It’s unlikely that it’s the first thing that comes to mind when you first wake up. However, this does not have to be the case.
A website called Insure.com makes it incredibly simple to compare vehicle insurance quotes from several companies. Simple as entering your ZIP code and age, the system will present you with a list of available possibilities. People have saved an average of $489 per year by using Insure.com’s services. Yup. Simply by taking a few minutes to consider your alternatives, you could be putting $500 back in your pocket.
2. Determine whether or not you are wasting money on homeowner’s insurance.
If you’re a homeowner, you’re probably covered by home insurance, but you don’t give it any consideration. That’s great because it means you haven’t had to use it yet. However, it also means that you aren’t aware of whether or not you are being overcharged for it.
It’s not difficult to find out, though. It is possible to find discounts or even a more affordable policy through an insurance marketplace called Policygenius. Furthermore, your new coverage may be similar to the one you now have – it may just be less expensive. Seriously. When compared to their previous insurance, they have saved an average of $455 per year for their customers.
What’s the best part? They are in charge of all the heavy lifting. They will transfer you to your new insurance at no cost to you. They’ll even take care of the paperwork for you. ) (You have the right to terminate your insurance policy at any time, and your insurance company should reimburse you for your money.)
It only takes a few minutes to answer a few simple questions and find out how much money you could save as a result. And don’t worry, your information will not be sold to spammers by Policygenius.
3. Discontinue making payments to your credit card company.
What is the relationship between your credit card and your cost of living? Credit card debt payments, regardless of where you live, can prevent you from saving more money and putting it into a wise investment.
And the truth is that your credit card company isn’t really concerned about it. It’s all about making money by taking advantage of you with hefty interest rates – some as high as 36 percent. However, there is a website called AmOne that wishes to assist. As long as your credit card debt is $50,000 or less, AmOne will match you with a low-interest loan that you can use to pay off all of your outstanding obligations.
What is the advantage? You’ll just have one bill to pay each month as a result. Furthermore, because personal loans have lower interest rates (AmOne rates start at 2.49 percent APR), you will be able to pay off your debts much more quickly. In addition, there will be no credit card payment this month.
For a loan, you do not need to have a pristine credit score. In fact, researching your loan alternatives will have no effect on your credit score. Furthermore, AmOne protects the confidentiality and security of your information, which is presumably why it has maintained an A+ rating with the Better Business Bureau despite being in business for more than two decades.
There are only 10 questions and it takes less than a minute to find out what loans you qualify for — and you don’t even have to submit your Social Security number to find out. You will need to provide one with a valid phone number in order to be considered, but don’t worry, they will not bombard you with phone calls.
4. Determine whether or not you are overpaying.
Wouldn’t it be great if you received an alert when you were about to overpay for anything while shopping online at Target? That is precisely what this free service accomplishes. Furthermore, if you want to reduce your living expenses, you should take advantage of the lowest costs that are available on the internet today.
Add it to your browser for free, and before you complete your purchase, it will check other websites, such as Walmart and eBay, to see if your item is available for a lower price elsewhere on the internet. Additional features include the ability to obtain coupon codes, set up price-drop notifications, and even view the item’s pricing history.
Consider the following scenario: you’re looking for a new television and you believe you’ve discovered the greatest deal. This is the point at which you’ll get a pop-up letting you know whether the exact same TV is available for less money elsewhere. It will also be applied to your order if there are any valid promo codes available at the time of purchase.