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

A card with an attractive cash-back rewards program may offer between 1 and 5 percent on regular spending, which can result in significant earnings to help pay your monthly bill. But to ensure real savings, it's crucial to pay the full balance on your card every month -- lest interest charges negate those rewards.

3. Consider refinancing -- again

After years of historically cheap rates, mortgage rates hit new lows in December, according to mortgage website HSH.com. Rates below 4 percent for 30-year fixed-rate mortgages were the norm in 2012, making refinances cost-effective for a greater number of homeowners -- even those who have refinanced previously.

In addition, home prices rose for the sixth straight month in November, according to the S&P/Case-Shiller home price index. Higher home values may help some homeowners reach the equity standards necessary to lock in a new low rate. So if you have been considering a first or additional refinance, it's hard to imagine a better time to try.

4. Explore new car insurance discounts

Your insurance rates are based on assumptions of your driving habits. But letting your insurance company observe your driving through on-board vehicle monitoring equipment may allow you to actually demonstrate how safely you drive -- and lower your rates in the process.

A recent article on CarInsurance.com detailed how some of these cutting-edge programs work. But if installing this equipment feels too invasive, there are plenty of other modern discount programs -- such as programs that reduce your premiums for each year you don't have an accident -- that may also make shopping for a new policy worthwhile.

5. Review your 401(k) contributions

Fidelity Investments recently reported that average employer contributions to its 401(k) accounts have grown 19 percent in the past five years, more than doubling the growth rate of employee contributions. That means that either employees who enjoy a company match have been taking advantage of it more aggressively, or that companies have upped their willingness to match employee contributions. But in either case, it's a trend you should note.

2 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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,654.77 +369.26 2.27%
S&P 500 1,987.66 +47.15 2.43%
NASDAQ 4,812.7080 +115.1720 2.45%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs