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Car Insurance - PAID

December 30th, 2010 at 11:26 pm

I did something last week I never thought I'd do, or rather what I wished I could do, but was never able.. I paid for my whole year of auto insurance! $660. Big Grin I used money from the EF. I will still keep $120/mo. in my budget for the insurance and pay back the EF and then put the rest to the New Car Account. By paying all at once I am saving the $7/mo installment/billing fee or their $3/mo auto bank transfer fee (which I never used, maybe once?). An additional $36-$84/year savings. Yay!

I want to say thanks to all of you for your great ideas and inspirations. It has helped me look at my money (income and debt) differently. Last year I would have probably spent the money I used to fund my EF. Not on crap, but food or bills or a trip. Now I was able to pay my insurance bill and save the costs from the billing fees. Then to top it off I get to blog to you all about it because I know you'll be excited like I am. Thanks!
Big Grin

Posted in Budgeting, Saving Money | 4 Comments »

4 Responses to “Car Insurance - PAID”

  1. creditcardfree Says:
    December 30th, 2010 at 11:32 pm 1293751938
    1293751938

    That's great!! I pay ours semi annually, which I believe is the shortest term available for us. I save for it every month and it works well. I bet you'll never go back to the monthly billing.

  2. Looking Forward Says:
    December 30th, 2010 at 11:52 pm 1293753123
    1293753123

    I sure hope I can stay like this. Even twice a year would be good. Smile

  3. PNW Mom Says:
    December 31st, 2010 at 01:54 am 1293760469
    1293760469

    Thats great! Congratulations Smile

  4. FrugalTexan75 Says:
    December 31st, 2010 at 08:34 pm 1293827690
    1293827690

    Way to go! I pay twice a year. It makes paying monthly bills so much easier!

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