Happy Labor Day! Since most Americans have the day off, here are some great activities to boost your financial well being! Plus, they are pretty quick!
1. Check Your Credit Report
Every American qualifies to get a free credit report once a year. You can go to AnnualCreditReport.com and check your credit reports. It is quick, and if there is something amiss, you will be much better off knowing about it and getting it fixed instead of being shocked when you are not approved for a loan.
2. Check Your Insurance
Every person should really look at re-evaluating how much they pay for their insurance each year. Chances are, your rate for auto insurance hasn't changed much over the past few years. However, the car insurance market is fierce, and there are a lot of great rates out there. If you haven't called around or shopped for rates in the last year, today is a great day to check that out.
3. Organize Your Finances
How are you keeping track of your finances? If you don't have some type of system in place, today is a great day to get started. I highly recommend using an online program like Mint to organize your financial accounts, but there are a lot of other free online money management tools available as well. You can also find out how other readers of The College Investor manage their portfolios.
Take an hour, and get all your finances organized into one spot.
4. Organize Your Paperwork
What have you been doing with all the bank statements, insurance statements, auto repair bills, and more? Is it just accumulating into a junk drawer in your bedroom or study? Today is a great day to spend a few minutes and file everything away correctly so that you can find it again. Consider using a tool like HomeFile, which is a simple file system for your financial and other paperwork.
Once you spend the time organizing, you don't need to do it again in the future.
5. Get a Better Deal on Cable TV
With so many events coming up with the fourth quarter, you should check and see if you can get a better deal on your cable bill. Many cable companies are afraid to lose customers, so a simple phone call and asking for a lower rate usually yields results. Give your cable company a call today, spend 10 minutes, and try to get some discounts. You'll be surprised at what they offer you!
Readers, what other simple tips do you have for Labor Day?