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Every bill utilities, telcos and insurances could be bloated. Providers often rely on the complacency of existing customers to keep paying over the odds.
Go through your bills, using comparison websites, to determine the savings you could make by switching to a cheaper provider.
2. Mortgage and financial products
Your mortgage is the biggest debt you will ever have, so an interest rate that is even a little inflated will cost you severely.
The monthly saving if you switch from an average big-four bank interest rate of 4.48 per cent for a $400,000 loan over 20 years to the cheapest, quality product with an offset account today, at 2.32 percent, is $461.
Be wary of loan providers charging a little more interest but giving ca…
Read the full article at: https://www.watoday.com.au/money/planning-and-budgeting/five-money-tips-to-help-you-through-tough-times-20200813-p55ldq.html
