8 Ways Homeowners Accidentally Ruin Their Finances

SAVING & SPENDING
Last updated Dec. 2, 2024 | By FinanceBuzz Editors
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Owning a home is a huge financial milestone. Congrats! You've worked hard to get to this point so it's important to avoid missteps that could undermine all that hard work. 

Luckily, you can learn from the mistakes other homeowners have made so you don't have to learn these lessons on your own. Here are a few of the most common ways that homeowners accidentally hold themselves back financially — and how to avoid these traps.

Not canceling your car insurance

We’ve got bad news. You could be wasting $500 every year on overpriced, second-rate car insurance. And you should probably cancel your existing insurance right now, because there’s something much better.

This new tool from FinanceBuzz can tell you if you’re overpaying for your car insurance in just a few clicks. We match drivers with companies that report saving drivers up to $500 or more per year when they save! Each driver’s savings will vary by driving history and how many discounts you’re eligible for. And once you try it out, you’ll never have to look for affordable insurance again because we find you the lowest rates that other companies can’t match.

Oh, and it’s also free. And come on — you can’t tell us you don’t want to save up to $500. To find out if you’re losing up to $500 or more a year, just enter your zip code here, answer a few questions and see if you’re overpaying. It takes less than 2 minutes.

See if you’re overpaying