Holiday Shopping for Your Wallet
Tuesday, December 5th, 2006
The holiday season is here and many people are opening their wallets and shelling out the cash or laying down the plastic to buy all those presents. All those presents add up to a big dent in your savings or monthly budget. But did you know that holiday shopping should also include your personal finances?
Shopping for things like car insurance and personal loans can pay big dividends in 2008. Many companies offer promotions from now through the first of the year to win over new customers. By getting multiple quotes on auto and home insurance can cut your premiums by 30% to 40%. Shopping for loans or consolidating that holiday debt can save you thousands over using credit cards.
Just remember that when shopping around for rates, be mindful that some deals are only introductory offers and may cost more in the long run. Be sure that you are getting long term savings before signing a loan commitment or switching insurers. Also, shopping for a loan doesn’t mean everywhere you inquire means getting your credit pulled. By requesting a credit report with your credit score, you can provide a copy of this info to lenders to get preliminary rate quotes.
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