High interest rates can be elusive, and when you do find them, they are typically fleeting. One sure fire way to save money though is quite simply to not use it excessively. A good place to start cutting costs is on your auto insurance and transportation expenses.
- Compare and select- Auto insurance is expensive, and cutthroat competition means that you won't always get the best deal from any one company every time. Always compare several policies from several companies before making your choice
- Get a policy with more deductibles- A high premium policy only makes sense in a worst case scenario, like a total wreck. How often does that happen anyway? Higher deductibles almost always translates to significantly lower premiums and good savings overall.
- Don't invest in life insurance unless it is absolutely necessary, full life insurance is often too pricey. If you really feel you need to get life insurance, get term life insurance.
- If you are reasonably liquid in the long term, you should do away with credit insurance coverage on all your installment loans. This type of insurance is expensive, and again, it is only for worst case scenarios.
- Keep your tires at the manufacturer recommended pressure, this will prevent unwanted fuel consumption. Keep your engine properly tuned and maintained, a smooth running engine is an efficient one.
- Buy ordinary gas instead of premium gas, the price per gallon is significantly smaller, and the supposed performance and mileage benefits of "high performance" gas are negligible.
- When travelling by plane, always look out for the better deal, be mindful of special offers, and if you travel frequently, be sure to keep track of your frequent flier miles.
These are just some of many things you can do to minimize your spending and save some real money. With today's highly unstable interest rates, minimizing your spending is the only way to really save.
Article Source: http://www.articlesbase.com/insurance-articles/ways-to-cut-off-spending-2541500.html
About the Author
Submitted by Magnus Smith, a junior copywriter for Ratelines.com. Since 2004, Ratelines' goal is to provide consumers and borrowers alike with the proper tools and information about cd rates and savings accounts.
