Four Ways Americans Can Cut Debt

Four Ways Americans Can Cut Debt

Four Ways Americans Can Cut Debt!

Many Americans are still suffering since work is scarce, people are still out of work and families are drowning in debt. Continue on to help Americans Cut Debt… reports that there are ways to cut costs during the pandemic.

Right now, Americans are getting COVID-19 vaccinations, but it’s still too soon to act like you are safe. This is the interim, our country needs to be 99.9% vaccinated to actually get back to normal.

Check out the many options below:

  • Cut the price of your debt. Credit and debit card spending increased in March by 45% compared to the same period last year, according to data from the Bank of America. If you’re relying on your credit card, you’ll soon be dealing with a ton of expensive interest. Rein in your debt — and pay it off more rapidly — by rolling your balances into a lower-interest debt consolidation loan.
  • Shrink your insurance bills. Car insurance companies have been offering customers discounts as everyone has been driving far less through the pandemic. If your insurer won’t negotiate, it’s time to shop around for a better deal. And while you’re at it, you could save hundreds by comparison shopping find a lower price on homeowners insurance.
  • Stop procrastinating and refinance your mortgage. If you’ve got a mortgage and haven’t tried to compare rates and refinance your loan in the last year, you’re missing out. The mortgage data and technology provider Black Knight recently said 11.1 million homeowners still have the potential to save an average of $277 a month through a refi.
  • Grow your spare change. A popular app helps you get investing returns quickly using “spare change” — it rounds your everyday purchases up to the nearest dollar and drops the difference into an investment account, so you can take advantage of the record-shattering stock market.