Top 10 Personal Finance Tips According to Reddit
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Are you searching for the best financial tips for making this year your year? You’ve got company.
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Someone recently asked Reddit for their top finance tips. These are the top-voted responses
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Review Your Mortgage Before Refinancing
For new homeowners, someone suggested reviewing your mortgage at least a year before refinancing your home.
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Quality Over Quantity
Many suggested considering it a lifetime purchase, and good quality products will retain their value better.
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Use Your Pay Raise to Increase Your Savings
One individual recalled receiving a pay raise and stated how they used their increased wages to invest and grow their pension and savings accounts.
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Transition Your Spending to a Rewards Card
Another said to put as much spending as possible on a reward card and set up automatic payments to repay your bill in full each month.
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Hold Off on Luxury Purchases
Someone noted to hold off on any luxury purchase you may be considering and give yourself 48 hours to take a deeper look.
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