Simple Savings Strategies

Who doesn’t want to save money, especially now.  GMA consumer correspondent Elisabeth Leamy recently saved one family more than $100,000. While your savings will certainly vary… the strategies can be tried by just about anyone.

The Shoblock family was in a financial mess and needed help.  Mother Robin Shoblock says, “I’m sure if you ask the kids, they’ll tell you that there’s been a lot of stress in the house.”   Some of the strategies used to reduce their stress, and bills,  can also be applied to your situation.

  • Shop around for cable, phone, internet and wireless providers.
  • You can also shop around for medical procedures.
  • You may also save money by refinancing your car loan.  Most people have never even heard of doing that, but it saved the Shoblocks nearly two thousand dollars.
  • Have credit card debt?  Use low interest savings to pay off sky high interest debt.
  • And look into adjustable rate mortgages to refinance your home.  ARMs could be a wise choice if you know you’re going to sell before the rates adjust.

These simple strategies may not save you a hundred thousand dollars, like it did the Shoblocks… but using a few of them could go a long ways in cutting your bills and stress.

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