Tuesday, January 1, 2008

New Years Tips for Saving Money

Is one of your New Year's resolutions to trim your out-of-control spending and get your personal budget in order? Are you looking for ideas for how to get your finances in order with as little pain as possible?

Perhaps you already have a cash-back credit card and a high-interest savings account (which, unfortunately due to recent cuts by the Federal Reserve, isn't quite as high as they were a year ago). Perhaps you are already diligent to get cash back on your online purchases and "price protect" your purchases once you've made them.

Maybe you've even started recycling your cans and bottles and are at a loss to imagine how you could possibly save any more money.

Have you taken a look at your insurance policies lately? If you drive, you're required to have auto insurance and if you live in a house, you should have either a homeowners or renters insurance policy.

True, it's a bit of a hassle to change insurance companies just to save a few bucks, and you've probably fallen in love with the insurance company you've been with for the past decade, right? But if it only took a few minutes to make sure you're still getting a good deal, wouldn't it be worth it to check?

You might call a local insurance broker, but these days it seems like there's a web site for everything. Insweb.com is the best one out there for doing free comparison shopping of insurance policies. (For you locals, did you know that Insweb is based right here in Sacramento, just off Highway 50 near the Rancho Cordova area?)

So, take a few minutes and see what insurance rates Insweb can find for you. If you have kids, take a look at the term life insurance options, too.

Keep in mind that some insurance companies have a better reputation than others. Before you switch to a lower cost carrier, you should probably consult online ratings, like those at JD Power.

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