5. Health Insurance
Insurance can be expensive! Especially if you are self-employed. Yet, I would rather carry insurance so that my risk is minimized. The best approaches to saving money with insurance are:- Frequently review your coverage.
- Compare companies.
- Use an insurance broker.
6. Negotiating Car Insurance
You can get a lower rate on car insurance by shopping different policies and using a broker to help you get the best deal. You can also often get discounts applied if you- Drive a low mileage car.
- Have anti-lock brakes.
- Bundle your policy with another insurance policy.
- Are a student.
- Have been with the same policy for a couple of renewals.
- Have multiple vehicles.
- Pre-paying the full term upfront.
7. Car Repairs
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If you have an older car with a lot of miles, like I do- over 250K, car repairs are a frequent expense. We have saved thousands of dollars over the years, all because my hubby was willing to put the time and work into repairing the cars by himself.
At the time we got married, he didn’t know much besides changing tires and oil. However, he has taught himself how to do many, many things on the vehicles through blogs and YouTube. If the repair is out of his league, we do take the vehicle into a shop.
If you are unable to work on your car, do you have a good friend or family member who would be willing to do some of the repairs for you? Parts, and a bonus to your worker, would be much cheaper than going to a repair shop.
Even if you can only do a few minor repairs, you will still save a lot money on your car.
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Hi! I’m Charissa. I’m on a mission to help hardworking women overcome money struggles and gain financial peace with a Biblical perspective so they can have the freedom to impact their families and communities. Ready to make some changes that will impact your finances in 2020? Click here to get a free worksheet to help you make it happen!