There are more than a few resolutions I’ve thrown in the towel on over the years. Maybe it got too hard to follow through or maybe there just wasn’t enough incentive to keep up with my good intentions. This year will be different. Of the many things I hope to do in 2017, travel makes the top of that list. And, if I want to travel more, saving money is key to making it all happen. What’s going to make it stick this time? Determination, will power, a longing to explore beyond my backyard and, a little planning won’t hurt either.
Where to start?
There are a few easy ones that just take budgeting some extra time on my part, like skipping the five dollar coffee everyday or packing a lunch more regularly and keeping snacks in the car for those days when it’s go, go, go. If I take a look at my bank account it’s incredible how quickly those little purchases add up each month.
Taking a look at the home front, cable packages and phone service are worth a review at least once a year, most companies have loyalty programs that can equate to big savings, and all you have to do is ask.
Of course it also makes good sense to review my insurance. Do you know how many ways there are to save here every month? It’s certainly worth a call to your advisor, ask about:
- Combining your policies – You’ll save money just by combining your home and auto policy, and you may be eligible for additional multi-policy discounts.
- Reducing your deductible – If you’ve got low deductibles on your policies, increasing them a bit can save you some cash. Just be sure it’s an amount you could comfortably cover in the event of a loss.
- Being a good driver – Keep your driving record clear of convictions for at least three years and this will be reflected in your premium. And if you’ve managed to remain claim free, there are even more savings to be had.
- Reconsidering collision – If like me you drive your cars to their death, collision coverage on the 15 year old box on wheels in your driveway might cost more than it’s worth. Talk to your advisor.
- Shop wisely – In the market for a new car? Make a call to your broker before signing on the dotted line. The cost to insure vehicles can vary greatly between makes and models, insuring your dream car might cost more to insure than it’s really worth to you. Spending a little time on research is a smart investment.
- Anti-theft devices – If your car is equipped with an anti-theft device approved by your insurer, you may be entitled to additional discounts here too.
What to do with all of these savings?
If I can stick to those little changes to my routine, it will add up. I can easily see savings $100 or more each month. This is worth a call to a financial advisor; sure it’s not millions but there are smart ways to invest even small amounts each month. It’s okay to ask for help, send me a note and I can put you in touch with someone.
Want to know more? Review these sources and resources.
Have More Questions?
Let me know and I’ll do my best to address it here for you and all of our readers. Better yet, contact an InsureMy advisor; these guys know their stuff. Email Info@InsureMy.ca or give them a call locally at (403) 410-1896 or toll free at 1-844-410-1896.
Everyday Insurance With Allie
Working mom, lover of the great outdoors and self-professed know-it-all. Our resident blogger, Allie isn’t the insurance guru she claims to be – but she’s learning and we are happy to help guide her. All the while keeping you in the loop on the “insurancey” stuff you need to know. #AskAllie