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Frugal Retiring News, Issue 57, February 2014
February 22, 2014
Frugal living tip number oneI must admit that I personally overlooked a great way to save money and I hope that you will benefit from my mistake.
I neglected to check on what I might be able to save by switching auto insurance companies.
I am reluctant to speak to salesman of any kind and prefer to do all of my business online.
All I will say is that I saved several hundred dollars by using the service... Now I'm telling you up front that it is not nearly as easy to get car insurance quotes online as it is health insurance quotes... getting health insurance quotes online is easy and painless.
Car insurance is a little bit different, it took me about 15 minutes to complete the process.
I got discounts because I was switching companies... Had a PayPal account... Had a clean driving record... Had no claims filed recently... And paid my premium upfront.
The moral of the story is that you need to switch insurance companies whether they are health insurance, home insurance, or car insurance every two years or so.
The money that the insurance companies spend on advertising is overwhelming... How long can you go on TV before you see "Flo", the Geico gecko, State Farm insurance University, where that reassuring voice that represents Allstate.
So your editor admits that he is a dummy and stuck with the same car insurance company and home insurance company for 10 years.
So please do as I say and not as I did... And save money by changing insurance companies on a frequent basis.
Frugal tip number twoMake sure that you take advantage of the free credit report checks program that is mandated by the government.
go to this site... You will be given a chance to choose the credit rating company to use... The big three are Trans Union, Experian, and Equifax.
Space it out every four months using a different company each time.
This is an excellent idea especially with the computer breaches at several large stores including Target... I would mention Neiman Marcus... Which I call needless markup... But I doubt anyone interested in frugal retirement living shops there.
Frugal living tip number threeSince we live in a retirement community it is a fact of life that there are a lot of estate sales in the planned communities.
These give the frugal shopper a great opportunity to pick up items well below what you would normally spend... Especially those folks that do not have close relatives... The contents of their homes are usually auctioned off by a professional auction company... You can get some great deals there.
Frugal living tip number fourYou may have noticed that there is another major column on the site entitled shop online.
We do almost all of our shopping online with Amazon being our first choice.
Due to their excellent customer service they are an excellent company to deal with...
Our second choice would be Costco, due to their excellent customer service.
Frugal living tip number fiveSince I do recommend shopping online, whenever I can I recommend that you use PayPal, for your online purchases.
It is very easy to open an account with them and they have a 45 day period after purchase which you can get a refund for a product with very little hassle.
You can ask for a return online without the agony of waiting online while you talk to someone at the credit card company.
Try it you'll like it...
In closingI really do appreciate hearing from you especially those that write to say that my site has gave them the impetus to retire early... That makes it all worthwhile.
Do not forget refinancing...interest rates are on the rise but you can still save money
It is my hope that you have learned just one or two ways to which you can lower your expenses... If you have I would appreciate you sharing this newsletter with your friends and family and coworkers.
The gift of saving money, and learning the skills necessary to do so is a gift that keeps on giving.
A good place to review is the more than 60 pages listed under "Frugal Tips"...
I hope the bad weather that affected most of the country was tolerable for you and your loved ones.
Gary and Julie
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