Here are four common reasons your paycheck is disappearing way too fast:
- #1: You have too much broadband. Most Internet service providers offer several levels of connection speed, and most people pick one of the faster plans. A study by the Federal Communications Commission found that 80-percent of us don’t use the extra bandwidth we buy. So, downgrading to a slower speed could painlessly save you several hundred dollars a year.
- The next money-waster: Travel-size products. On average, ounce per ounce, tiny sizes cost twice the price of standard containers. The fix: Buy refillable containers.
- Then there’s: Paying for credit reports. Credit monitoring services can cost hundreds of dollars a year, but financial counselor Gail Cunningham suggests doing your own leg work. At AnnualCreditReport.com, you can get a totally-free credit report from each of the three major reporting agencies. If you stagger your requests and make one every four months, you’ll easily be able to spot identity theft or other suspicious activity.
- The last way many people waste money: Buying a casket. Some undertakers mark up caskets 400%, but you can buy directly from the factory, or order from a discount club, like Costco. Just make sure you choose a funeral home that doesn’t hit you with an extra fee for bringing your own box.