According to the Bureau of Labor Statistics, inflation is at the highest level in over three years. Inflation is an increase in the prices of goods and services that decreases the purchasing power of your money. Minimize the impact; Best Reward is here to help.
1. Refinance Your Auto Loan – Refinancing your auto loan can lower your monthly payment, reduce your overall interest, and help you get out of debt faster. It is especially useful if your credit score has improved, interest rates have dropped, or your budget requires immediate relief. It costs nothing to see if Best Reward can offer you a lower payment and/or rate on your auto loan that is financed elsewhere. Apply online today.
2. Use Your Home’s Equity – Using your home’s equity for debt consolidation can offer one payment, a lower, locked-in interest rate, and a lower monthly payment. However, if you payoff unsecured debt and then start charging on credit again, you’re making your debt worse, so it’s crucial to address the root cause of your debt first. Apply online today.
3. Transfer Your Card Balances – Moving your credit card balances to a Best Reward VISA Card offers minimal fees and possibly a lower APR.* According to Forbes, “The average APR for credit cards in Forbes Advisor’s database is 25.18%.” Our VISA Platinum Card starts as low as 12.49% APR. Watch this video, apply online, and make the switch!
4. Review Your Insurance – Best Reward offers convenient supplemental insurance with member-only discounts. Get a FREE quote for AD&D, Auto, Home, Life, Credit Life, Credit Disability, and more. See if you can save on your insurance premiums. Protect your family and assets wisely and affordably. Learn more and get your free quote today.
5. Create a Monthly Budget – If you don’t have a budget, it’s time to create one. If you do have a budget, this is the time to review it. A budget is simply a plan for your money. During your review, look for opportunities to cut items such as memberships, entertainment, eating out, or that daily coffee. Watch this video, build your budget, and get started today.
6. Earn More If Possible – Find a higher-paying job or add a new source of income. What can you sell or rent to others? What hobby or talent do you have that you can offer? According to SurveyMonkey’s 2025, “72% of workers in the U.S. have a side hustle or are considering pursuing one.” Check out these ideas and start earning extra income today.
7. Build Your Emergency Fund – When it’s possible, aim to save at least three to six months' worth of expenses to protect yourself from economic shifts, job loss, medical emergencies, car repairs, and more. Automate as much as possible and put a portion of your paycheck into a Best Reward Savings Account as an Emergency Fund. Watch this video, pay yourself first, and be sure to include this item in your monthly budget.