Making assumptions can be quite dangerous, especially when it comes to your money.
Oh, I have enough money in my account.
Oh, Ill have plenty of money by retirement.
Oh, Im sure Im getting the best deal.
These assumptions can, quite frankly, screw you over.
So, to help prevent you from becoming blinded by your assumptions, take note.
These four assumptions most of us make could cost you a whole bunch of money:
1.
It totally hits you by surprise, just when you need that money the most.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
You suddenly owe the bank $30.Not cool.
What are you going to do about it, though?
Sometimes its just easier to accept the fact and move on.
But theres a mobile banking app that makes overdrafting and the annoying fees associated with it disappear.
Its calledChime, and it could save you an average of $250 a year on overdraft fees.
Its a nice safety net, and youll just pay them back when your next deposit comes in.
It only takes two minutes tosign up for an accountand say goodbye to overdraft fees forever.
Spoiler: It wont, and your account may not be properly balanced.
Luckily, an SEC-registered advisory firm calledblooomwill give you a free analysis.
Are you taking on too much risk in the current market?
Are you actually on track to retire?
It just takes a few minutes to find out.
Get a free 401(k) analysisto see if your retirement account is prepared for anything.
You Assume Youre Getting the Best Deal
When was the last time you compared car insurance rates?
Chances are youre seriously overpaying with your current policy.
If its been more than six months since your last car insurance quote, you should look again.
Yep in just one minute you could save yourself $715 this year.
Thats some major cash back in your pocket.
You Assume Your Credit Score Will Eventually Bounce Back
We get it.
Its so easy to dismiss your credit score.
Theres nothing it’s possible for you to do about it anyway, right?
Eventually, itll take care of itself.
Youll even be able to spot any errors holding you back (one in five reports have one).
Getting your free credit scoretakes less than 90 seconds.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
