With so many questions, and seemingly so few answers, many people are genuinely concerned about their financial future. Mortgages and car notes still need to be paid, and it still costs money to live, whether you are currently getting paid by your employer or not.
We are all looking for ways to save money, and perhaps never more so than during the Coronavirus pandemic. with that in mind, I thought I would share a few tips:
1. Consider refinancing debt. With interest rates at an all-time low, it may be a good time to compare your mortgage, equity lines, or personal and business lines of credit interest rates to what may be currently available.
2. Don't go crazy buying things you probably won't need. We've all heard the zany stories about people buying cases of water or hundreds of rolls of toilet paper, but why tie up money you may need for other things
3. Use the current retail crunch to leverage what you are paying for existing services, like cell phone and internet, especially if you are out of contract. Companies would rather slash their prices than lose your business altogether, especially right now
4. Consider shopping your home and auto insurance rates, and possibly even life and health insurance as well. Many companies, Coastal Louisiana Insurance included, can shop with multiple carriers for different types of insurance to see where they can save you money. Furthermore, all of this can be done from the comfort and safety of your own home!
With every dollar being more meaningful now, save money where you can! We just saved a client over $2,000 combining their home and auto insurance. That sure can buy a lot of toilet paper!