Before the year is out, sit down to review the terms of your contracts and services. Put your finances in order!
If you start 2016 on the right foot, fulfilling all resolutions you set out, you should not leave behind your financial goals. If you forget, do not worry, there is still time to fix the situation and stabilize your finances.
We recommend taking advantage of at least one day a year to organize your personal finances. The first thing to do is to review your contracts and agreements with banks and service providers. It may seem boring, but necessary. Here we seven tips for you to do so…
Read the terms of your credit card.
If there is anything you do not understand about the agreements with your card now is the best time to call the customer service line or visit a branch and ask me to clarify them.Sometimes the answers seem obvious, others not, but try not to stay with doubts and really you agree to the terms offered.
Check the services you pay.
Still paying for a gym membership that you never go or for cable television service when you use more than another company? You should check your monthly bills, make an analysis of the services you actually use and remove those who no longer take advantage.
Calls lowest rates.
While you check your bills, pick up the phone and calls of educate way for a discount to all your suppliers. Sometimes it takes only minutes to call these companies, and you can get very good deals. You always have the right to ask for a discount, but if the answer is no, do not fret and thanked the representative.
Optimize your bank accounts.
If you take 10 years at the same bank, paying high rates, you get bad service or you have not won anything with your interests, start looking for a new option. Investigates banks and savings accounts and select the option that gives you more benefits.
Examine your investments.
Review your investments balances to ensure that things are going according to your plans and you are getting what you thought. If you do not invest, it is the best time for you to start to do so, either in shares in the stock market, funds, or other sections.
Review your insurance.
Check insurance deductibles on your car or your house. If you have not insured your property, what do you expect? But if you are hiring the services of many different companies, looking consolidate and bet on it (which will offer more benefits and better service) for all your goods.
Reread your income contracts.
If you are renting a house or an office, make sure you understand perfectly all the terms of the contract. As you do, try to get some kind of discount. If you pay on time, without fail and you are responsible, you probably get it.
You always get a fortnight with empty pockets? You have to start saving… Some experts recommend saving 20 percent of your monthly income. To achieve this, it is best to check your account (as mentioned earlier) and identify “ant costs”, i.e. those that are small but important amounts are added annually.