This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

7 Timely Ways To Save In 2013





When you think about saving money, do sepia-tone images of coupon mailers and single-ply bathroom tissue enter your mind? If so, you may want to take a fresh look at saving in 2013.

While technology drives many of the tips below, legislative and economic shifts are behind others. But no matter its cause, each of these methods offers an opportunity to save that may not have existed a few years ago.

Here are seven ways to increase your savings in 2013.

1. Examine online banks

Banking has endured plenty of change in recent years, but there's been at least one positive outcome of the chaos: the rise of the online bank. As interest rates have fallen and fees have risen at traditional banks, online banks have bucked these trends on the strength of their low overhead.

The most recent rate study by MoneyRates.com indicates that the average savings account interest rate at online banks is nearly three times the average rate at traditional banks. In addition, the latest MoneyRates.com bank fee study finds that checking accounts at online banks are about twice as likely to be free of monthly maintenance fees as their brick-and-mortar counterparts. So if your current accounts are low on interest and high on fees, online banks may be worth a look.

2. Look at new credit card rewards offers

A recent Associated Press story described today as a "golden age" for rewards credit cards. The prominence of rewards cards today is due in part to the CARD act of 2010, which sliced into card-company profits and prompted them to create new offers to entice spending. According to Brian Riley, a senior research director at CEB TowerGroup quoted in the AP article, more than 60 percent of credit cards offer some type of rewards program today.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs