“Some old-fashioned things like fresh air and sunshine are hard to beat. In our mad rush for progress and modern improvements let's be sure we take along with us all the old-fashioned things worth while.” Laura Ingalls Wilder
Tuesday, April 06, 2010
Closing In On $10K A Year In Savings
... oh yea baby! Stepping back in time ... examining how our great grandparents lived ... has been a good exercise in frugality. Looking at pictures ... seeing their simple lives ... cutting out waste from our own family income ... has taken us one step closer to kissing debt goodbye. Our latest cost saving find is examining our auto/home/life insurance premiums. By making yearly payments instead of monthly/quarterly/semi-annually we have discovered a minimum of $200 savings per year; or $2,000 in ten years ... sure adds up! If you are driving an older car .. try dropping comprehension and just carry liability insurance for a bigger savings as well. Tomorrow I'll have a precise figure once we also bump our auto and home insurance policies from a $500 deductible to $1,000. Keeping more of our hard earned money out of the pockets of big insurance companies ... now that's a good thing. Having a reserve/emergency fund should a crisis arise ... priceless. For more cost saving ideas ... check out the side bar of this blog to see what we've axed from our budget to get our mortgage paid off early by simply changing spending habits. What have you cut back on or changed in your way of spending money in this tight economy? Leave a comment if you have a great idea ... Mr. MacFrugal is always asking me for more ideas.
Update: switching homeowner's insurance deductible to $1,000 netted an extra $66 bucks a year and $24 savings on our automobile policy.