Got money to burn? No? Here are seven painless ways to stretch your cash.
1. Buy gas on Mondays. According to GasBuddy, Thursdays are the most expensive days and Mondays are the cheapest to buy gas. If you drive an average number of miles (about 13,476 a year) you could save $325.
2. Pay less for flying. The cheapest days to fly are Tuesdays, Wednesdays and Saturdays. For example, according to Fare Compare a Boston-to-Las Vegas round trip cost $500 from Friday to Sunday, but only $228 from Saturday to Wednesday. Savings: $272.
3. Comparison shop for meds. Area prices can vary. A customer in North Carolina was quoted $249 for duloxetine at a national chain store. He ended up paying only $43 at Costco for the same prescription, and saved $206.
4. Transfer credit card debt to a different card with 0% interest. The average household with revolving credit card debt carried a balance of $6,885 in 2016, and paid $1,292 a year in interest (assuming an annual percentage rate of 18.76%). You can look for better options at WalletHub.com.
5. Make mortgage payments twice a month. Payment on a $300,000 mortgage at 4% is $1,432 a month. If you pay $716 every two weeks you cut your interest payments, saving $1,138 every year.
6. Prove you’re a safe driver. Some car insurers offer discounts if you can prove you’re a safe driver (by using, perhaps, a plug-in device). Nationwide Insurance, for example, has a SmartRide discount of up to 40% off a $1,000 policy.
7. Adopt or rescue your next dog from a shelter or a breed rescue site. The average price for buying a purebred puppy is $500 to $1,500. But all you get is the dog. When you adopt a dog from a shelter, your adoption fee will range from 0 to a small fee to cover the costs of services rendered, such as: neutering, vaccinations, microchips (which you would have to pay for eventually anyway). You could save $500 or more.
FOR MORE INFORMATION
• aarp.com - Basis for article
• petmed.com - Dog adoption fees
• gasbuddy.com - When to buy gas
• farecompare.com - When to buy plane tickets
• wallethub.com - How to deal with credit card debt