If you are determined to have the lowest cost of living among all the people in the United States, move to Mississippi.
Seriously – it has the lowest cost of living overall when you factor in food, housing, and transportation costs.
Dollar for dollar, your cash in Magnolia State will likely go further than if you lived in a large urban cluster like New York, California, or Florida. And you will definitely get more bang for your buck than if you lived in Hawaii – the state with the highest cost of living.
But pack everything up and move somewhere Just because it’s cheaper doesn’t make sense to most people. Jobs, family, friends, and just love of the place where you live means buying property outside of Jackson isn’t always a viable option.
Whether you live in Huntsville or The Hamptons, you can still cut your cost of living. Follow these steps to cut your bills and give your budget a Mississippi makeover.
1. Discount $ 489 / year on your auto insurance in minutes
When was the last time you checked car insurance prices? Unless you live in Ohio, North Carolina, or New Hampshire – the cheapest states to get auto insurance in 2021 – you are likely paying too much. And that can cut your cost of living significantly.
But no matter where you live, you should buy your options every six months or so – it could save you quite a bit of money. But let’s be honest. It probably isn’t the first thing you think about when you wake up. But it doesn’t have to be.
A website called Insure.com makes it super easy to compare car insurance prices. All you have to do is enter your zip code and age and your options will be displayed.
With Insure.com, people saved an average of $ 489 a year.
Yup. That could be $ 500 in your pocket just to take a few minutes to consider your options.
2. See if you’re wasting $ 690 a year on home insurance
You are probably wasting money right now. And it’s probably due to something you would never expect – your home insurance. But if you live in a place where housing is more expensive, you can actually control that.
This is not something you are actively thinking about – you just know you have to have it.
The problem is, you pay too much. Fortunately, an insurance company called Policygenius makes it easy to find out how much you are overpaying. It will find you cheaper policies and special discounts in just a few minutes.
In fact, it saves users an average of $ 690 per year – or $ 57.50 per month. It will even help you part with your old insurance company. (You can cancel your policy at any time and your company should issue you a refund.)
And just because you’re saving money doesn’t mean you’re saving on coverage. Policygenius makes sure you have what you need.
Just answer a few questions about your home to see how much money you are wasting.
3. Stop paying your credit card company
What does your credit card have to do with the cost of living? Well, no matter where you live, credit card payments can keep you from saving more money and putting it in a smart place.
And the truth is, your credit card company doesn’t care. It only gets rich by ripping you off at high interest rates – some up to 36%. But a website called AmOne wants to help.
If you owe your credit card company $ 50,000 or less, AmOne will provide you with a low-interest loan that you can use to pay off every single one of your balances.
The advantage? You have to pay an invoice every month. And since personal loans have lower interest rates (AmOne rates start at 3.49% APR), you become debt free the much faster. Plus: No credit card payment this month.
You don’t need perfect credit to get a loan – and comparing your options won’t affect your score. Plus, AmOne keeps your information confidential and secure, which is why after 20 years in business it probably still has an A + rating from the Better Business Bureau.
It takes less than a minute and only takes 10 questions to see which loans you qualify for – you don’t even have to enter your Social Security number. You need to give AmOne a real phone number to qualify, but don’t worry – they won’t spam you with phone calls.
4. Find out if you are paying too much
Wouldn’t it be nice if you received a notification while shopping online at Target and paid too much?
This is exactly what this free service does. And if you want a lower cost of living, you should take advantage of the cheapest prices on the internet.
Just add it to your browser for free, and before you check out, it will check other sites including Walmart, eBay, and others to see if your item is on sale for a cheaper price. You can also get coupon codes, set up price drop notifications, and even see the item’s price history.
For example, let’s say you buy a new TV and assume you’ve found the best price. Here you will get a pop-up letting you know whether this particular television is available for a cheaper price elsewhere. If coupon codes are available, these will also be automatically applied to your order.
Last year, this saved people $ 160 million.
You can get started with just a few clicks to see if you are overpaying online.
Capital One Shopping will compensate us if you receive the extension using the links provided.
Kari Faber is a writer for The Penny Hoarder. She has only lived in the most expensive states for the past 10 years and has definitely paid for it.