Saving money is usually a difficult enough prospect for most of us. Of course, when you are always on the verge of losing your job, and reading your bills feels like running some kind of gauntlet, saving often becomes less of a game and more of a blood sport for the unfortunate parents who then have to explain to their kids that they can’t do all of the things that they want to do because you simply cannot afford to. This is not only humiliating, but it can hurt your kids for years to come in a lot of different ways. But take heart, because hope springs eternal when you’re willing to do whatever it takes. Are you willing to put in the effort?
For one thing, you can negotiate your auto loan to make your payments lower than they otherwise would be. While auto refinance loans may not work for everybody (because they do require pretty good credit in order to work), they are certainly worth the effort to make happen. In a surprisingly large number of cases, as a person’s credit history grows over time, they can move into getting lower payments than they had to start with. If you have been able to keep up your payments for a few years, this just might be worth the effort to push forward on.
Another way that you can save some money (and as a bonus, save your home if you are in danger of losing it) is to refinance your mortgage, or at least to attempt to negotiate a lower payment than the one that you have right now. While a lot of people think that you have to refinance (and it is pretty cheap to do so right now, if your credit can handle it), you can actually get a lower rate sometimes if you go in with the solid intention of doing so. Just believe in yourself.