Sometimes, saving money isn’t difficult…a simple phone call can result in hundreds of extra dollars in your pocket. Here’s four money saving phone calls that you could make TODAY.
1. Call your current car insurance provider and ask if you’re getting all the discounts you’re eligible to receive. Let them know that you’re going to shop your rate and make sure you’re getting the best rate their company offers. Many times, you don’t even need to change companies to save money. Of course, you can call one or two other companies to compare rates.
2. Call your current credit card company to ask for an interest rate reduction. If you carry a balnce on your credit card and you’re not behind on your payments, companies may give you a lower interest rate. Let them know that you’re investigating transferring the balance to a zero percent interest card. And again, if you’re not satisfied with the answer, follow thru and check out a balance transfer. Check out bankrate.com to see what cards are offering balance transfer deals.
3. Call your bank and make sure you have accounts that don’t have monthly fees. If you’re getting hit up with ATM fees or monthly maintenance fees, ask for those to be removed. It doesn’t hurt to ask. There are too many free checking accounts, including several online varieties, that don’t charge fees.
4. Call to request your credit report. You can request FREE copies of your credit report by calling the credit bureaus. When you check your report, you may find errors. Fixing those errors could result in an improved score and a much lower interest rate. Here’s the numbers:
* Equifax: 1-800-685-1111 (P.O. Box 740256, Atlanta, GA 30374)
* Experian: 1-888-397-3742 (P.O. Box 2002, Allen, TX 75013)
* TransUnion: 1-800-916-8800 (P.O. Box 2000, Chester, PA 19022)
These are four money saving phone calls and you can make them today. If you saved $200 over the course of a year, that’s the same as someone handing you $200 in cash.
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Hey Michael,
As and Insurance professional, I thought I would interject about saving money on car insurance. I would always make sure that the coverage provided for bodily injury liability as well as propery damage liability is stout.
You can lose everything you own and get your wages garnished for the rest of your life if you cause a serious accident and don’t have enough insurance coverage.
Many agents will try to save you money, but they will do so by lowering coverage levels…
Not trying to sell you anything, just thought I would throw that out there for you.
Its kinda like this:
Would you rather save $100.00 a year on car insurance and have to keep 1,000,000.00 in cash reserves on hand if you put someone out of work for the rest of their life and get sued?
or
Pay $100, $200, or even $300 more a year and have a personal umbrella insurance policy that adds 1,000,000.00 to your personal liability?
I don’t have a million to spare, so I choose the latter of the two options… but even if I did have a million… I would still choose the latter…
It just makes sense.