There is a 50/50 chance that you make this financial error, the data show
The experts say that half of the American adults make this mistake too common.
Whether it bespend too much money on frivolous expenses, in credit card debt manager or do not back up any of theOur monthly incomeMost of us have felt bad with money at some point in our lives. Usually, we are well aware of our currency mistakes, but experts now warn a bad financial increase that we have a chance to do 50% to do - and that we do not even realize our finances. Read it to find out what error 1 of 2 United States needs to fall.
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A new survey found that more than half of the adults have unused gift cards.
If you have kept unused gift cards, you are not the only one. Bankre consumer financial services company conducted an investigation with Yuegov among more than 2,000 adults to evaluate theirGift Card and Credit Habits. According to data, 51% of US adults have unused gift cards. Nearly three-quarters say they have held gift cards for at least one year. Bankrate says it adds about $ 15.3 billion in unused credit dollars, with an average of $ 116 per person.
Do not use your gift cards could put you at risk of losing your money.
Stop sitting on these unused gift cards and start using them. According to the survey, 29% of people could not use a gift card because it expired, 27% lost a gift card and 21% reported that the company a gift card was closed before use.
"My advice is usually using gift cards, vouchers and credits. The more likely it is, the more likely it is that the store will do business, the value will expire, or you pass from trace, "Ted Rossman, a senior analyst for CreditCards.com and Bankrate, said in a statement.
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Some gift cards begin to accumulate fees if they will unused for too long.
If you have Visa or MasterCard gift cards, use the ASAP. Although these cards are flexible in what you can spend them, they can start paying fees over time, says Bankrate. Inactivity fees are generally triggered anywhere from90 days to 12 months For different cards when they are unused. For example, there are $ 10 a monthinactivity fees After one year for Visa gift cards.Shelly Hunter, a spokesman for gypscards.com, says people should consider buying multi-store gift cards for extra fee free.
You can also sell, donate or regify your gift cards.
For some people, follow different gift cards and worry when they expire or what types of fees they could accumulate is too much work,Adam Selita, CEO and co-founder of the debt relief company, said in a declaration. It recommends that these people are planning to sell, give donations or forecasting their gift cards. By selling them, you will usually lose 20 to 25% of the value, but you will get money to spend however that you want you to want and that you are less likely to miss any money while leaving your gift cards to expire , you lose, or become unusable because of clogged companies.
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