Best Ways to Save Money on Gas

Tips to Save Money on GasThe simple answer to high gas prices is to get a more fuel-efficient car such as a hybrid or even an electric car like a Tesla. But that’s not always possible and it’s easier said than done. Sometimes we’ve got to make do with what we got.

As someone who has owned SUVs for the past 15 years that did not get super great gas mileage, here are my tips and strategies on how to save money on gas besides buying another car.

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How Many Credit Cards Should I Have?

Optimal Number of Credit CardsThere are so many different kinds of credit cards available right now it’s nuts. There are credit cards for people with bad credit. There are credit cards that offer a percentage cash back for each dollar you charge to them. Other cards that lets you rack up airline miles towards free travel.

This brings up a couple questions most people have. How many credit cards should I have? How many credit cards are too many?

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Online Shopping vs In-Store Shopping: Pros and Cons

Online Stores vs Retail StoresShopping and how we buy products have changed immensely in a few short years. The internet has enabled buying just about anything we can imagine with a few clicks of the mouse or swipes on our phones. There are now over 100 million Amazon Prime members who happily pay $119 a year simply so they can get their purchases shipped free and in their hands in two days.

Whether you choose to do your shopping online or in traditional retail stores, there are pros and cons to both. Here are some insights to both options and how you can use their advantages to save some money.

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How To Get A Perfect 850 Credit Score for Free

Get A Perfect 850 Credit ScoreA high credit score is more than a number to impress your golfing buddies or people at your office Christmas party. While you can brag about having an 800+ credit score to show off your financial acuity, a good credit rating does have a practical purpose.

Lenders use your credit score to determine how responsible you are with money and whether you will pay your bills on time. An outstanding score means you can get the lowest interest rates on credit cards, auto loans, mortgages, or business loans. It could even get you better rates on your car insurance.

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14 Simple Ways To Save On Your Hot Water Bill

Water Heating SavingsHeating water is the second-largest energy expense in a household, accounting for almost 18% of your total energy bill behind space heating. These costs add up quickly, with the average household spending between $400-$600 a year on water heating.

If opening your monthly electric or gas bill sends a chill down your spine worst than a cold shower in the middle of winter, here are some simple tweaks and some changes in your usage habits that could result in some substantial money savings on your water heating costs.

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The Best Order of Contributions When Saving for Retirement

Order of Contribution for RetirementIf you are looking for the best way to save the most money for retirement, you need to take advantage of all the different types of accounts that are available. Unless your earnings are high enough to where you can max out every account, you need to prioritize.

Here is the best order of contributions or optimal order of priority to save for retirement. Use these steps to maximize your tax-free and tax-deferred contributions.

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Save Money By Freezing Milk

Freezing Milk and Saving MoneyLast week I stopped into Aldi and found a couple things on special, with one being whole milk for 79 cents a gallon. That’s not a typo. $0.79 as in less than a dollar for a whole gallon! So bought three extra gallons and ended up with double the amount of milk we normally drank. What to do with all that extra milk before it spoils? Freeze it, of course.

Just like how you can freeze meats, vegetables, and prepared foods so they’d last longer before spoiling, it is perfectly safe to freeze milk so it doesn’t go bad before you can use it. Here’s how.

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Online Brokerages with Free Stock Trading in 2020

Brokerages Free TradingOn October 1, Charles Schwab announced that they were reducing their online trading commissions for U.S. and Canadian-listed stocks, options, and ETFs to $0, effective October 7. That’s zero dollars, as in completely free. Schwab previously charged commissions of $4.95 per trade before this announcement. In rapid succession, other major brokerage firms announced they too will be eliminating trading commissions.

Eliminating trading fees may have cost the major discount brokers each hundreds of millions of dollars a year in revenue, this is actually great news for the individual investor. Here is a list of online brokers who’ve dropped trading fees, and find out how this is possible.

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