3 tips for your personal finances in times of crisis [Anzeige]
In the current crisis, we are all encouraged to save money. This is much easier in theory than in practice. For this reason, we give you three helpful tips to better manage your personal finances.
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1st tip: compare insurance companies
Most of us buy insurance and tariffs and then let them run for years. Insurance, in particular, offers the opportunity to save a lot of money. For example, November 30th every year is usually the deadline by which you can cancel your car insurance. You can use online comparison portals to easily enter all the data that is important to you and thus find a suitable but cheaper insurance.
Electricity and gas tariffs can also be compared easily and quickly using comparison portals. Especially in the current crisis you may find a better tariff for you.
Tip 2: Check subscriptions
Over time, numerous subscriptions accumulate – whether for streaming services, the unused gym membership or the audio book subscription, although you have hardly listened to an audio book. Do you really use these subscriptions so much that the sometimes high costs are worth it? The easiest way is to check your account for your regular deductions. You can cancel all subscriptions that you no longer use regularly and save a lot of money.
An alternative to having the cost of your subscriptions debited from your account is to choose a prepaid payment method, such as paying with a prepaid credit card or gift card. This way you avoid automatic renewals, which can be a nasty surprise if you don’t have enough money. As soon as your prepaid credit is used up, the subscription is simply terminated.
Tip 3: Use a prepaid credit card
To avoid debt in times of crisis, you can do online and offline with a prepaid credit card like Paysafecard pay. Prepaid credit cards are not credit cards as you know them. With prepaid credit cards, you don’t get any money from the bank as a loan.
In practice, this also means that you first have to load money onto the credit card so that you can actually use the card. This process protects you from going into debt. At the same time, this has the advantage for banks, which in turn lose money less often.
So the main advantages of prepaid credit cards are that you don’t have to spend too much money and at the same time your personal and bank details are safe when shopping online.
Conclusion: regulate personal finances even in times of crisis
In times of crisis, one of the most difficult challenges is to keep your finances under control. However, with simple and helpful tips like the ones above, it is possible to save a little money. For example, prepaid credit cards can help you avoid getting into more debt.
