Many people pass up opportunities to gain free money due to oversight or lack of information. First, many ignore their employer’s 401(k) match, which is essentially free money towards retirement. For instance, not claiming a $2,500 match and investing it could mean missing out on over $43,000 in the future. Secondly, using the wrong credit card can result in lost rewards. For example, using a card that offers less cash back on gas can cost you about $30 annually. Lastly, sticking with a traditional brick-and-mortar bank instead of switching to an online bank with higher interest rates can lead to significant lost earnings. Switching to an account that offers a higher interest rate could double your yearly interest earnings from savings.
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