Creating Wealth & Success

Cut Expenses: 9 Ways to Cut Expenses By Improving Gas Milleage

1. Avoid aggressive driving.

According to the Environmental Protection Agency, speeding, rapid acceleration and braking lower gas mileage by up to 33 percent on the road and by up to 5 percent around town.

2. Observe the Speed Limit.

Gas mileage decreases rapidly at speeds above 60 miles per hour (mph). Each 5 mph you drive over 60 mph is like paying an additional $0.10 per gallon for gas. Observing the speed limit is also important for safety.

3. Replace the oxygen sensor.

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Vernon Williams, our official How to Cut Expenses Expert

Cut Expenses 10 Ways to Cut Expenses At Restaurants

1. Use the Entertainment Book.

You can save on food by getting a 50 percent discount or buying one meal and getting the second one free. The books, which include approximately 166 restaurants in North America, cost between $25 and $45. They also have discount coupons for fast food, oil changes, movies and a lot more.

2. Join iDinePrime.

This national program, which includes over 17,000 restaurants, gives you a 20 percent cash refund off your restaurant bill. Instead of a membership fee, iDinePrime takes the first $49 you save.

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Vernon Williams, our official How to Cut Expenses Expert

Identity Theft - 9 Ways to Guard against Identity Theft

The following steps will help avoid being a victim of identity theft:

1. Protect your Social Security number.

* Never carry your Social Security card in your wallet.

* Never have your social security number preprinted on your checks.

* Only give your Social Security number when it is absolutely necessary.

* If asked for your social security number, suggest an alternative form of identification.

* If your state uses your Social Security number as your driver's license number, ask them to substitute another number.

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Vernon Williams, our official How to Cut Expenses Expert

Reduce Credit Card Debt: How the New Law Can Help You Reduce Your Credit Card Debt

On May 22, President Barack Obama signed the Credit Card Accountability, Responsibility and Disclosure, or Credit CARD Act of 2009 into law. While the law does not place a cap on interest rates and fees, it does put an end to some of the credit card industry's distasteful practices. Unless otherwise noted, the provisions go into effect Feb. 22, 2010.

The major changes the law brings are:

1. Retroactive rate increases

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Vernon Williams, our official How to Cut Expenses Expert

Cut Expense: Cut Homeowner Insurance Expenses By Understanding These Commonly Used Terms

Additional Living Expense -- If your home is made uninhabitable by a covered peril, Loss of Use (Coverage D) will reimburse you for any additional living expenses you incur while attempting to maintain a normal standard of living. Examples of additional living expenses are a hotel room, restaurant meals, using a laundromat, etc. (See Loss of Use).

Appurtenant Structure -- Buildings on the same premises as the main, insured building are usually covered by homeowner insurance policy. Examples are garages, sheds and barns.

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Vernon Williams, our official How to Cut Expenses Expert

Cut Expenses: Cut Auto Insurance Expenses By Avoiding These 3 Behaviors

Driving habits play a big part in determining auto insurance rates.

Avoiding these 3 behaviors will help cut auto insurances expenses:

1. Speeding

Speeding is perhaps the most common moving violation. It can cause you to take huge financial hits.The biggest financial hit from speeding tends to come from the insurance company. According to a 2006 MSN Money article, auto insurance companies may increase premiums by as much as 50 percent for one speeding ticket in a three-year period.

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Vernon Williams, our official How to Cut Expenses Expert

Reduce Credit Card Debt: How the New Law Can Help You Reduce Your Credit Card Debt

On May 22, President Barack Obama signed the Credit Card Accountability, Responsibility and Disclosure, or Credit CARD Act of 2009 into law. While the law does not place a cap on interest rates and fees, it does put an end to some of the credit card industry's distasteful practices. Unless otherwise noted, the provisions go into effect Feb. 22, 2010.

The major changes the law brings are:

1. Retroactive rate increases

Current situation: Card issuers can raise rates on existing balances at any time.

Read Vernon's entire article Reduce Credit Card Debt: How the New Law Can Help You Reduce Your Credit Card Debt

Vernon Williams, our official How to Cut Expenses Expert

Cut Expenses: 6 Ways to Cut Homeowner Insurance Expenses

1. Raise your deductible.

A typical deductible is $250. Most insurance companies recommend a deductible of at least $500. The higher your deductible, the more likely you are to get cheap homeowner insurance.

2. Buy your homeowner and auto insurance from the same company.

Some companies that sell homeowners, auto and liability coverage will give as much as 15 percent multi-policy discount if you buy two or more policies from them.

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Vernon Williams, our official How to Cut Expenses Expert

Cut Expenses: 5 Steps Guaranteed to Cut Expenses By Improving Your Credit Score

1. Review your credit report for errors.

According to Steve Rhode, founder of Myvesta, a nonprofit financial counseling organization, it's common for reports to have errors.

Typical errors Include:

Payments that the report shows as late, but which you actually paid on time. Accounts that don't belong to you. Debts that you paid off, but still show an outstanding balance. Charge-offs and late payments that should have come off your report by now, if it's been more than seven years (or more than 10 years for a bankruptcy).

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Vernon Williams, our official How to Cut Expenses Expert

Cut Expenses: 7 Ways to Cut Credit Card Expenses

1. Stop using the card(s) that you want to pay off.

Trying to pay off a credit card while continuing to use it is like fighting a war to achieve peace. You can't get there from here.

2. Negotiate a lower Annual Percentage Rate (APR).

Most card issuers are willing to give you a lower rate, particularly if you tell them you have a lower offer from another card issuer. A lower APR obviously means that more of your payment goes to reduce the principle.

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Vernon Williams, our official How to Cut Expenses Expert