The end of the year is upon us. Did you accomplish everything that you wanted to?
Many people have resolutions every New Year’s Eve they intend to stick to for the rest of the year. Unfortunately, most of those resolutions are forgotten by mid-January.
Hopefully, you’ve kept up with the really important goals, like making and saving more money. This is essential for living a comfortable life and being ready for retirement when the time comes.
One of our passions at Komando.com is helping our readers achieve their financial goals. That’s why each week we bring you a tip on how to make and save money.
We’ve given some pretty solid money saving ideas throughout this year. Let’s look at the top 5 money tips of 2017.
1. 2017’s big change for Social Security! Why you may have to wait even longer
Are you nearing retirement age? If so, there has been a change made to Social Security that might impact you.
The biggest change went into effect on January 1, 2017. The full retirement age was raised to 67. This is the age at which a person may first become entitled to full or unreduced retirement benefits.
Full retirement age has been slowly climbing since President Reagan signed the Social Security Administration Amendments of 1983. The full retirement age is now 67 for anyone who was born after 1960.
No matter what your full retirement age is, you may start receiving benefits as early as age 62 and as late as age 70. If you start collecting benefits early, they are reduced a fraction of a percent for each month before your full retirement age.
2. Cutting the cord on cable TV; A national phenomenon
“Cutting the cord” has been a rapidly growing trend the last few years. More people than ever are getting rid of cable or satellite TV and turning to online streaming services.
With so many quality streaming services available, it’s getting more difficult to justify paying hefty monthly cable bills. Services like Netflix, Hulu and Amazon even have original programming on top of everything else they offer.
When done right, cutting the cord is a less expensive alternative to cable that could save you hundreds of dollars a year. However, there is one critical mistake people make when cutting the cord that could end up costing you big time.
3. How to get the lowest airfare online
Are you ready for your next vacation?
Maybe you need a break from the weather in your hometown and you want to head to a sunny beach destination. Or perhaps it’s time to take the family to one of the world-famous theme parks for an adventure that your kids will never forget.
Either way, airline prices can cost you a pretty penny these days. That is unless you have some tricks up your sleeve that will save some hard earned money.
4. Money-saving secrets every shopper will love
Do you consider yourself a savvy shopper?
Finding a great deal has become easier since the advent of the internet. Whenever you’re in the market for a big-ticket item, like furniture or a car, you can do some online research and scope out where to get the best bargain.
But what about everyday items that you purchase regularly? You probably frequent your favorite retail store, like Target, for those things. Well, what if I told you that you could save some serious cash on those purchases?
It’s true. There are services and apps available that will help you do just that. The best part is most of the work is done for you.
5. Get cash back without even trying when buying gifts this year
Cash back. Those two words should be music to your ears.
You’re going to shop anyway, so you might as well be rewarded for it. Saving money doesn’t have to involve a fiesta of coupon-clipping or rebate-searching.
There are some super simple ways to get cash back that require little to no effort on your part.
Don’t let criminals steal your hard-earned money, learn where not to swipe your debit card
Every day, it seems like we are risking our debit and credit card information to hackers and identity thieves. Card skimmers are lurking everywhere! Where are the three worst places to swipe your card?