Is it as simple as better pay? Could your coworker really be making that much more than you while doing the same job? How do they afford all the exotic vacations, fancy cars and the prized ZIP Code they call home?
Better pay might be a factor. But there are lots of financially savvy moves your carefree coworkers could be making behind the scenes — moves that save them thousands of dollars each year.
These are some of the most impactful things your coworkers are probably doing.
1. They Cancel Their Car Insurance
Here’s the thing: your current car insurance company is probably overcharging you. But don’t waste your time shopping around to different insurance companies looking for a better deal.
Use a website called EverQuote to see all your options at once.
EverQuote is the largest online marketplace for insurance in the US, so you’ll get the top options from more than 175 different carriers handed right to you.
Take a couple of minutes to answer some questions about yourself and your driving record. With this information, EverQuote will be able to give you the top recommendations for car insurance. In just a few minutes, you could save up to $610 a year.
2. They Stop Paying Their Credit Card Company
If you have credit card debt, you know. The anxiety, the interest rates, the fear you’re never going to escape…
And the truth is, your credit card company doesn’t really care. It’s just getting rich by ripping you off with high interest rates — some up to 36%. But a website called AmOne wants to help.
If you owe your credit card companies $50,000 or less, AmOne will match you with a low-interest loan you can use to pay off every single one of your balances.
The benefit? You’ll be left with one bill to pay each month. And because personal loans have lower interest rates (AmOne rates start at 2.49% APR), you’ll get out of debt that much faster. Plus: No credit card payment this month.
You don’t need a perfect credit score to…