Debt Free Life Hacks: Managing Money Like a Boss

When was the last time you compared rates on your insurance products(auto, renter, homeowner)❓❓ Like many people, you probably select a provider and never look elsewhere. The set-it-and-forget mode could be a mistake. There may be potential savings by changing your coverage or insurance provider. Many people set their insurance needs to autopilot - buy a policy, pay the bill when it's due, and don't think twice about it. If the premium increases during renewal, you figure it's just a way of life. Well, maybe not.  😲   How I Saved and How You Can Too!😀 I, too, have my insurance payments set to autopilot. I typically pay my auto insurance premium semiannually and annually for renter's insurance. That seemed to work until I noticed the auto insurance increases were getting a little out of hand – and for no good reason. I contacted the insurance company to learn why the premium had increased. Since they did not give any acceptable answers, I decided to see if there were b...

Time flies, doesn't it? We've reached the end of 2022. Where did the time go? It's been a year, and I know you've been busy, but you'll want to make time for this. Unused Dental, Medical, and Vision Benefits  Hopefully, you've been using your employee benefits throughout the year, but if you still need to, it's time to get on the phone and try to make some appointments. If you're lucky, you'll find an opening, or you'll be able to squeeze in on someone's canceled slot. It never hurts to try.  Here are some benefits that you may have forgotten about: Dental 🦷 - Most plans allow two cleanings every six months or twice a year. Have you been to the dentist this year? When was your last appointment? Are you due for a cleaning? Ask these questions of yourself and everyone on your plan.  Medical  🏥- We should be getting an annual wellness check or physical. Most plans will cover your annual exam in full. Getting an appointment this late in the yea...

Sometimes we get so caught up in the day-to-day, that we never take a step back to see the full picture. You may be paying your bills on time, taking care of your responsibilities, and saving, and while those are all good things, are you fully protected? Let's talk a little bit about risk management. What is Risk Management?💭  Sometimes bad things happen, things outside of our control. Simply stated, Risk Management is about reducing the financial impact of adverse events. Some common examples include auto insurance or health insurance. Despite your best efforts to drive safely or eat right and exercise, sometimes emergency situations occur. The financial impact of these occurrences will depend on the ownership and adequacy of the proper insurance, in the case of this example auto insurance or health insurance. A lack of either of the two would cost you more if something were to happen than having the proper coverage.  When we think about Risk Management, we key in on how pro...

Many car insurance companies are providing a discount for policyholders due to the COVID-19 pandemic. Discounts or reductions vary by the company as well as how the credit is applied or will be applied. You may have received a letter or email with the details and there may not be any action required on your part as it will likely apply automatically.  Take advantage of this opportunity to either pay your policy in full or in fewer payments. This will help save you even more money! Find out what your insurance company is offering or has offered in response to COVID-19. Below are links to details for some of the major providers. If your insurance company is not listed, just do a quick search online for your company and COVID-19. Allstate Insurance GEICO Insurance Nationwide Insurance Progressive Insurance State Farm Insurance