Here are 5 ways to try to go wrong in 2021, and 5 ways to fight back
So 2020 is a really bad year, right? The epidemic has robbed us of all kinds of things. Millions of jobs, hundreds of thousands of American lives, and countless hours of classroom instruction. He emptied our bank accounts and shattered our inner peace.
And 2021? Is 2021 also coming?
When it comes to money, we firmly believe that safety is better than regret.
Here are five ways to try to go wrong in 2021 and five ways to fight back.
1. Watch out for rising auto insurance rates
Prices don’t usually go up underBut in 2020, auto insurance companies lowered their prices due to market needs. Customers who are quarantined at home think that because they drive a lot less, they should pay less.
Ah, but it’s a whole new year. According to industry watchers, as Americans revert to their old driving habits, auto insurance rates are expected to rise.
You don’t have to accept this! That’s why 2021 will force you to shop in an unprecedented way.
A free website called Savvy will help you find the best price in just 30 seconds. In fact, this saves an average of US $ 826 per year.
All you have to do is connect your current insurance, then Savvy will search hundreds of insurance companies within the same insurance coverage for better prices. It can even help you cancel your old insurance policy and get a refund from your current insurance company.
If you find a better deal, you can change immediately without waiting for the next renewal or even the next payment.
2. Make no mistake about it when shopping online
The pandemic has changed the way we shop, and this is expected to continue into 2021. According to a new NPR survey, we now have more people shopping online, nearly 70% of whom are Americans. Among them, more than 90% of people bought something from Amazon.
Of course, throughout 2021, it will be convenient to put boxes of things on your doorstep. But no matter what you buy online, you might have paid too much for it. In many cases, there may be better deals elsewhere. It’s just painful to find it.
Isn’t it useful to be alerted when you need to pay more? A polite little alert, not boring. Exactly This free service does. These free alerts can be added to your browser.
Before checking on Amazon, Target, or Best Buy, it will check other websites including eBay, Walmart, and others to see if your products have cheaper prices. It will even automatically apply all the promotional codes available to your order.
So far, this free tool has saved users over US $ 160 million last year. You can start using it in minutes See if you’re paying too much online.
3. Watch out for rising food prices
Some purchases are optional, but food is not. Unfortunately, food prices are expected to increase in 2021, according to the US Department of Agriculture.
The USDA predicts that grocery store prices will increase by at least 1% to 2% and that restaurant prices will increase by 2 to 3%. That may not sound like a lot. But in a whole year, it will really add up.
We have a way to get you money back. A free app called Receive Reward Simply purchase one of the hundreds of items in the grocery store to receive gift card rewards. Now when shoppers spend US $ 30 on dozens of Unilever products at the grocery store, it even offers shoppers a US $ 10 gift card. You can do this five times, or up to $ 50.
It works as follows: After downloading the app, just search for Unilever “U” brand products. Next, take a photo of the receipt showing that you purchased an item from one of the participating brands. For your efforts, you will get gift cards from places like Amazon or Walmart.
you can download the free Fetch Rewards app here Start receiving free gift cards. Over a million people already have it, so they have to make a difference.
4. Don’t pay too much for mortgages
House prices are skyrocketing today and will not increase until 2021.
According to data from the National Association of Realtors, the median home sales price in January 2021 was nearly $ 304,000, a 14% increase from January 2020. This is the most January price. high in the history of real estate agents.
If you want to buy a home in 2021, do all you can to save on mortgages. A good credit rating will have a big impact on the interest you pay on your mortgage or car loan. This can easily add up to tens of thousands of dollars over the life of the mortgage.
Try using a free website called Sesame Credit In two minutes you will have access to your credit score and personalized advice to improve it. You can even spot mistakes that hinder your progress (one in five).
Would you like to check it yourself? It’s free and only takes around 90 seconds.
5. Beware of costly credit card debt
Due to the high interest rates, credit card debt is the most expensive debt. Sadly, the pandemic, its closures and unemployment have forced more Americans to use credit cards to pay their bills and basic necessities such as food. This will continue in 2021.
Can you imagine waking up without credit card debt? A free website called Slim Shady can help you get rid of credit card debt faster.
AmOne will match low interest loans for you and pay off all of your credit cards at once. Its interest rate starts at 3.99%, well below the 20% or more you could pay a credit card company. In the long run, it can save you thousands of dollars. Plus, you get out of debt faster.
Takes two minutes Check if you meet the criteria Up to US $ 50,000.
Summary: Hopefully 2021 will be better than 2020. At the very least, you might get the COVID-19 vaccine at some point.
Just be aware of all the other ways you can try to go wrong in 2021.
Mike Brasfield ([email protected]) Is the lead writer of The Penny Hoarder. After 2020, he is afraid of 2021.