Lower rates, more approvals, and for the first time this year, borrowers with credit scores below 700 saved $100+/month refinancing their car loans. This Month's Auto Refinance Highlights ● The current average auto refinance interest rate has dropped from 6.51% to 5.67%. ● The average interest rate…
With the costs of consumer goods rising in the U.S. many people are looking for more ways to save money. From groceries to gas, new ways to tweak daily habits to better suite monthly income have become crucial to some consumers. According to the USDA, food prices are anticipated to rise between 2.5 percent and 3.5 percent in 2012 and an additional 3 to 4 percent in 2013. This is the effect of rising oil prices and droughts that continue across the U.S. The end result is higher costs for not only food and travel, but ultimately other consumer goods related to wholesale and retail.
Although costs are rising, there are many ways people can save money to counteract these higher costs. Below are just a few ways to skim those extra dollars off your monthly spending.
- Buy Used: From garage sales and resell retailers buying used is a great way to save money. Many used retailers are now starting to market higher end brand names and products. Look for retailers in your area that advertise well known brands for both accessories and retail products.
- Refinancing: Refinancing your home or vehicle can be a great way to save money. Many lending institutions are looking to increase their loan volume and continue to move towards the sub-prime market. If you’re looking to cut down on your monthly expenses, refinancing may be something you should look into.
- Shop online: In today’s age of internet you can find just about anything online. Electronics, clothes and even used goods can be found much cheaper online. This allows you to utilize markets that aren’t even within driving distance.
Whether you’re refinancing your auto loan or shopping online there are plenty of ways to save money in your everyday life. A little bit of extra time and diligence can go a long way when putting more money in your wallet.