Many times individuals are tempted to simply go along with whatever their financial services provider offers them, without bothering to look elsewhere for a better deal. The downsides of this are that customers are trapped and many times overspend what they should for services. It is important for customers to look at many financial service providers to see who offers the best deal. That way, a great deal of money can be saved in the long run.

Key Takeaways:

• People don’t spend enough time reviewing better rates on their mortgages or car insurance.
• By not paying attention to your insurance premiums, you could be throwing money down the drain.
• There is too much competition in the financial market to not see if you qualify for a better rate and have more money for yourself.

“Given yesterday’s news that inflation is at its highest point since June 2014, energy prices are on the rise and there is the potential for interest rates to increase, it has never been more important to shop around for the best mortgage deal.”

Source : The Spectator March 2017