Jan 31, 2008

When Paying Late = Saving Money

I set this afternoon aside to organize all of my late bills and pay off what I can. My auto insurance bill was two payments behind (out of sheer laziness on my part). So I called up and requested to pay it off. It turned out they had my wrong address down, and then when they found out I moved (closer to work) I was told that I could get a discount for driving a shorter distance each year.

So I'm saving something like $100 a year just for calling up because I was late paying my bill. Also, I found out if I pay online w/ auto pay (which I was planning on signing up for anyway, it just wasn't working because they had my old zip code down), I can save $50 a year. Sweet.

I'm still probably paying too much because I have full comprehensive coverage in case my car gets broken into again and I have to get the window repaired. After having it broken into two without the full comprehensive coverage I signed up for it, and low and behold it got broken into again and I got it fixed for "free."

Meanwhile I just paid off my dermatologist bill and put my medical claim filings into an envelope to be sent out. Now I just have to get my health insurance set up on auto pay and I'm set... as long as I have enough $$$ in my checking account. I'm keeping it fairly low, which is scary for me. I usually keep a few thousand dollars in savings with free overdraft in case I overdraw my checking. I refuse to let myself rack up credit card bills, so I use my debit card for just about everything. That kind of sucks when my bank account runs dry, but otherwise works quite nicely.


SavingDiva said...

Just keep better track of the amount in your checking account...

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