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Four Financial Tips to Put More Money in Your Wallet
If you're mired in credit card debt, you're not alone. The world is full of people heavily in the red. One way to cut back on those hefty credit card payments is to refinance your mortgage and consolidate your debts. A mortgage refinance or a home equity loan offers lower interest rates than credit cards, and will generate significant savings.
Do you have thousands of dollars sitting in a checking account? If you do, you risk losing money. Most checking and savings accounts pay extremely low interest rates, and could risk being overtaken by the pace of inflation. If you want cash on hand, move your money to a liquid money market that pays a higher return.