Brian and Bo share tips for saving money every month with a couple of phone calls. They stress being an advocate for your wallet by constantly looking for the best deals. This week we cover reducing your utility bills and explore resources online that allow you to compare the best prices for the services that you spend money on every month.
Brian covers refinance and using services like www.zillow.com to search for the best rates available. The guys also talk about comparing utility service providers around you with www.whitefence.com. Brian shares his experience switching his home phone service to an online voice-over IP phone service through www.ooma.com. There are a ton of ways to cut the expenses that you probably have on auto-pay with a few calls and a little research, which could save you up to a couple hundred dollars per month. The money you save, if invested properly, could grow over the years and increase your retirement savings.
You talked about the importance of starting early for retirement investment. This is common knowledge that bears repeating. It would be great if you occasionally addressed what to do if you started retirement savings in your 40’s or had you retirement savings wiped out late in life because of a medical or other emergency and needed to reboot your retirement savings late in life.
My insurance carrier seems to have a point of diminishing returns when it comes to raising your deductible. I previous looked into raising my auto insurance deductible and raising my comprehensive from $500 to $1000 was only going to save me about $50/year. I also recently looked into raising my homeowners deductible from $1000 to $2500 and that would also save me only about $50/year. With the homeowners that really makes no sense since I would expect to file a claim more frequently than once in 30 years.