Save Money on Auto Insurance

When you are looking for auto insurance make sure that you ask about discounts that you may be eligible for. Many places are happy to tell you what discounts you can receive but you have to ask first.

Some discounts I have received in the past include: safe driver, student, homeowner, multiple car, and continued customer.

Another way to save money is to pay your 6 month premium all at once. I have insurance through Progressive and if we made payments every month our 6 month cost for insurance would be $407. Since we pay for the whole 6 months at once we are given a discount and pay only $351. A savings of $56.

In order to ease the burden of a big bill. My husband sets aside "an insurance payment" every month into a separate savings account. It's like an escrow account for our car insurance. When the premium is due we already have the money ready to send out.

Save money on auto insurance the smart way. NEVER cheat yourself out of the proper coverage you need to protect your family just to save a few pennies. Always buy the most coverage you can afford.

10% Savings

Many people pay 10% of their gross income to their church as a tithe. Why not give yourself 10% too?

Don't expect the government to take care of your retirement. The only way to ensure your financial future is to take personal responsibility for it. Saving and investing at any age is a good idea but the younger you are when you begin, the more your earnings can add up. Building up your savings can be a difficult thing but follow these tips and you might discover that it is easier than you think.

Step#1: Discuss with your partner what your savings will be for (retirement, home, college) and when it is okay and not okay to dip into it.

Step#2: Discuss how much you will always put into your savings. 10% is a good number to start with but more is always better if you can afford it.

Step#3: Decide what type of account you will keep it in. Money Market accounts and CD's from your bank are safe places to keep your money while gaining a little interest. IRA's, HMO's and other investment accounts have higher earning rates but can fluctuate over time. Discussing options with a financial planner, your employer or your bank will help you decide the best option for you.

Step#4: JUST DO IT! When that check comes in at the end of the month put your designated percent in your savings account right away. If you don't do it immediately you'll spend it. Trust me. Some employers and banks even have options through direct deposit to place percentages into your different accounts. Other employers will match what you put into a retirement account.

Step#5: Stick to the plan. Be consistent and don't borrow for unnecessary things. Better yet, don't borrow from it at all. If there is an emergency and you have to borrow, pay yourself back as soon as possible.

Step# 6: Teach your children how to save. You can never be too early to start.

Step #7: Enjoy your financial freedom and peace of mind. You deserve it!