Douglas Schmidt - REALTY EXECUTIVES Boston West



Posted by Douglas Schmidt on 12/4/2017

When you stop and think about it, there are quite a few money-saving opportunities out there that you may not be taking advantage of.

Here are a few ideas worth considering:

  • Automobile Insurance: If you haven't touched base with your insurance agent in a few years, it might pay to call or email them to review your policy. Until you ask, you never know what kind of insurance discounts you may be eligible for. For example, savings can often be obtained by taking a defensive drivers' course, purchasing your automobile and homeowners' insurance from one agency, commuting a shorter distance to work or telecommuting, or simply having a safe driving record. In some cases, you could save a chunk of money by shopping around and switching to a less expensive insurance provider.
  • Cell phone services: Make sure the cell phone service plan you have is competitive and geared to your needs and data usage patterns. With at least four major service providers to choose from (Sprint, AT&T, Verizon, and T-Mobile), it make sense to do some comparative research to make informed choices regarding prices, features, time commitments, and services. Checking out online reviews and comparing notes with friends, family, and coworkers about cell phone services can also help you save money.
  • Credit cards: If you're like many people, you probably get inundated with credit card offers, every week. Since it's such a competitive industry, some credit card offers are clearly better than others. While the most prudent approach is to limit your credit card use as much as possible, it also makes sense to seek out the best deals, the lowest interest rates, and the most favorable terms. Assuming your credit card payments are up to date and you've maintained a good credit history, it's often possible to negotiate a lower interest rate on your current credit cards, too. That alone could make it easier to pay off your balance and save money.
  • Contractors: Whether you're considering remodeling your bathroom, replacing your roof, updating your kitchen, painting or re-siding your house, waterproofing your basement, or building a backyard deck, prices can vary widely from one contractor to the next. While it's important to hire a contractor who's experienced, honest, insured, easy to work with, and dependable, there's no reason to pay exorbitant prices for good quality work. Getting at least three price estimates on projects around the house is generally a good way to ensure you're not getting overcharged. Online reviews and personal recommendations from relatives, friends, and neighbors can often point you in the direction of a good residential contractor.
One of the most important principles of smart money management is to make sure you're getting the most value for your dollar. As a consumer, you entitled to shop around, get the best deal, and be satisfied with the quality of products and services you're purchasing.





Posted by Douglas Schmidt on 11/21/2016

These days keeping track of your money can be a hassle. Between all the different ways you can spend your money it’s easy to lose track of your spending. Luckily there are some great apps for money management. Below are a few favorites— all rated with 3.5 stars and up. LearnVest: LearnVest is a money management platform, but it’s also much more. You can link up your various accounts to keep track of your spending, savings and goals (that you set). But the best part about this app are the articles you receive via email from them. The articles that they send are full of helpful information related to early retirement, saving for your wedding, how to pay down debt, rebuilding bad credit, smart saving, and so much more. Every article is worth the read. This app is available on iOS. Mint: Mint is a well-known money management platform. You can hook up your bank accounts, credit cards, 401k and loans and set up budgets. The app utilizes graphs to show you how you spend your money and provides you with bill reminders. It will even give you your net worth. The only downfall to the app is that it has a difficult time connecting to small banks’ online banking systems. This app is available on iOS and Google Play. Daily Budget: This is a do-it-yourself app. If you are one that is weary about putting your personal banking information onto your phone then this is the money management app for you. You plug in your income, reoccurring expenses and it gives you a daily budget. You can add in additional income and expenses as they occur. But, you will have to pay for the full version if you want to utilize all income and expense categories. This app is available on iOS. Comparable apps are available on Google Play. Prosper Daily: This app’s main emphasis is on protecting your accounts. You can link up your bank accounts and credit cards and approve or deny charges as they occur. But, it is also good for a high level review of your accounts. You are able to view your balances on your credit cards and checking account all in one place. Another pro of this app is that you are able to categorize your charges making it easy to keep track of what you are spending your money on. One of the great new features now available is the ability to view your credit score. And beyond that it provides insight into why your score is the way it is and how to improve it. This app is available on iOS and Google Play. These apps will aid you in getting in front of your spending and back in control of where your money is going. Be sure to take full advantage of the offerings that each app has, as it will only benefit you in the long run.







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