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8 (Easy to Fix) Things You Don’t Realize Are Costing You Money

Having a Low Credit Score:

A low credit score can increase costs on mortgages, auto loans, and credit cards. Improving your credit score can save you money in the long run.

Unused Memberships:

Regularly review your bank statements for recurring charges for memberships you no longer use, like gym memberships, and cancel them.

Not Taking Advantage of 401(k) Match:

Failing to contribute enough to your 401(k) to get the full employer match means you're missing out on free money.

Relying Too Much on Credit Cards:

Habitual credit card use, especially if balances are carried over month-to-month, can lead to significant interest charges. Try to pay off balances each cycle.

Missed Tax Deductions:

Many people miss out on available tax deductions, such as job-hunting expenses, self-employment costs, or medical bills. Consulting a tax advisor can help you take advantage of these.

Using Unneeded Electricity:

"Phantom" electricity use by devices that are plugged in but not in use can add to your power bill.

These small changes in your daily habits can lead to significant savings over time. For more detailed information, you can refer to the original article on AOL​

Impulse Purchases:

Buying things without understanding why can lead to unnecessary spending. It’s important to be mindful of the reasons behind your purchases

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