When it comes to money, I don’t like to part with it. I like to compare my options on absolutely everything related to money: the saving and spending of it.
I compare credit cards before I fill out the application. That way I get the lowest interest rate, best features and the lowest fees. You might also find that your bank doesn’t offer the best card for your situation – and chances are there is one tailor-made for you.
Another thing that is important to do is a car insurance comparison at least once a year. If you haven’t notices all the commercials on television urging you to compare or switch insurance companies, take notice. There is a lot of competition in this area and almost every year I can save myself some money.
Lastly, I want my money to grow, or at least hold its own against inflation. But I want the liquidity that a bank account offers. So, periodically I look for the best savings accounts – and most of the time my bank doesn’t offer what I need. I am not afraid to switch institutions provided it meets my goals.
If you don’t want to get so hands-on on your finances, hire a financial planner. They can help you out with the nitty-gritties, but it doesn’t hurt for you to be a little informed – then you will know what you are talking about.