How to Get More Money to Spend at Your Favorite Intown Locations

save money on home expensesFor residents of Intown Atlanta, there’s no better place to live – or to spend your money, for that matter. With the restaurants, the shopping and the events, you’re never lacking for a place to pull out the debit card.

The problem is, most Americans (and presumably those who live Intown) have less money to spend these days. According to the Equifax Personal Finance Blog, 55 percent of Americans have experienced a reduction in income. Earning more money may not be an option because of high unemployment rates. So if you want more money to spend on your favorite Intown activities, you’ll probably have to look at cutting back somewhere else.

The Equifax article, “How to Save Money at Home,” offers some good places to start. One idea is to contest your real estate taxes. With property prices falling, you may be due for a break. In the article, real estate expert Ilyce Glink recommends comparing your property and the amount of taxes you’re paying to others in your home’s tax class to see if you’re paying too much. If you’ve just recently bought your Atlanta Intown home, particularly if you got a foreclosure or short sale, you can contest the taxes you owe based on your home’s market value.

If you’ve been in your home awhile, it’s time to consider refinancing. Mortgage interest rates haven’t been this low in 50 or more years. Glink says that lowering your rate from 5.675 percent, which was the norm not so long ago, to 4.5 percent could save you $75 a month for every $100,000 borrowed.

Glink offers other suggestions for saving money in your home, including savings on utility bills. The most intriguing if you live in Intown, perhaps, is doing away with most of your cable channels and going to basic cable. With so many opportunities to be out and around town, who has time for TV anyway, right?

To see Glink’s suggestions and more information on managing your money wisely, visit the Equifax Personal Finance Blog.

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