Comments on: Better Budget Challenge # 3: That’s too much! http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/ Thu, 08 Jan 2009 13:44:37 +0000 http://wordpress.org/?v=2.5.1 By: Cathryn Sykes http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/#comment-13136 Cathryn Sykes Mon, 14 Jul 2008 23:43:27 +0000 http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/#comment-13136 I got tired of paying 14.95% on my VISA and they wouldn't drop the rate, so I called my MasterCard issuer and asked them for a deal. They offered me 3.9% for 9 months or 6.4% for the life of the transfered balance. I took the 6.4% and transfered all but $100 from the VISA and my monthly payments have dropped by a good 25%. Interest rates do count! As for insurance, once your car's replacement value gets below the yearly cost of the "collision and comprehensive" part of your insurance premiums, drop that insurance. <b>But never cut your liability too low. <b> Some people buy the minimum liability their state requires, often $50,000, but that's not nearly enough. Get sued for $500,000,say, and if you have at least a few hundred thousand in liability coverage, your insurance company will fight to get an out-of-court settlement for less than your coverage. But with a small amount of coverage, they may just hand you a check and say "Adios!" leaving you to hire your own lawyer, fight your own court battle and pay any damages awarded the person suing you yourself....which you could be doing for the rest of your life! I got tired of paying 14.95% on my VISA and they wouldn’t drop the rate, so I called my MasterCard issuer and asked them for a deal. They offered me 3.9% for 9 months or 6.4% for the life of the transfered balance. I took the 6.4% and transfered all but $100 from the VISA and my monthly payments have dropped by a good 25%. Interest rates do count!

As for insurance, once your car’s replacement value gets below the yearly cost of the “collision and comprehensive” part of your insurance premiums, drop that insurance. But never cut your liability too low. Some people buy the minimum liability their state requires, often $50,000, but that’s not nearly enough. Get sued for $500,000,say, and if you have at least a few hundred thousand in liability coverage, your insurance company will fight to get an out-of-court settlement for less than your coverage. But with a small amount of coverage, they may just hand you a check and say “Adios!” leaving you to hire your own lawyer, fight your own court battle and pay any damages awarded the person suing you yourself….which you could be doing for the rest of your life!

]]> By: Better Budget Challenge #3 | http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/#comment-7033 Better Budget Challenge #3 | Sun, 30 Mar 2008 05:01:17 +0000 http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/#comment-7033 [...] Kacie at Sense to Save has posted the 3rd installment of the better budget challenge today. I am really thrilled over this one, because, well…I already did this a couple weeks ago! [...] [...] Kacie at Sense to Save has posted the 3rd installment of the better budget challenge today. I am really thrilled over this one, because, well…I already did this a couple weeks ago! [...]

]]> By: Paula http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/#comment-3947 Paula Mon, 28 Jan 2008 17:10:26 +0000 http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/#comment-3947 Here is mine: http://heartyworks.blogspot.com/2008/01/thats-too-much.html Better late than never, right?! :D I am now saving $120 a YEAR on my land line!!! :) THANK YOU FOR THIS CHALLENGE!!!!! Here is mine:
http://heartyworks.blogspot.com/2008/01/thats-too-much.html

Better late than never, right?! :D I am now saving $120 a YEAR on my land line!!! :) THANK YOU FOR THIS CHALLENGE!!!!!

]]> By: Better Budget #3 roundup: It was just too much! | Sense to Save http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/#comment-3852 Better Budget #3 roundup: It was just too much! | Sense to Save Sat, 26 Jan 2008 21:51:35 +0000 http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/#comment-3852 [...] | beingfrugal.net on Top 20 Web 2.0 sites for frugal livingAlison@This Wasn't In The Plan on Better Budget Challenge # 3: That’s too much!Heather on Trip to Florida update: LodgingKeeping The Reins Tight…. » I’ll gladly [...] [...] | beingfrugal.net on Top 20 Web 2.0 sites for frugal livingAlison@This Wasn’t In The Plan on Better Budget Challenge # 3: That’s too much!Heather on Trip to Florida update: LodgingKeeping The Reins Tight…. » I’ll gladly [...]

]]> By: Alison@This Wasn't In The Plan http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/#comment-3830 Alison@This Wasn't In The Plan Sat, 26 Jan 2008 03:45:37 +0000 http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/#comment-3830 We're in the process of seeing if we can get a better car insurance rate. I've been meaning to do it for awhile (seeing as our current insurance expires in a few weeks) but this gave me the extra push I needed to get started on it now! My husband called our agent today with some quotes I'd gotten earlier in the week from other companies, so we'll see what happens. We’re in the process of seeing if we can get a better car insurance rate. I’ve been meaning to do it for awhile (seeing as our current insurance expires in a few weeks) but this gave me the extra push I needed to get started on it now! My husband called our agent today with some quotes I’d gotten earlier in the week from other companies, so we’ll see what happens.

]]> By: dear isobel money » Better Budget - Week 3, Part 2 http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/#comment-3732 dear isobel money » Better Budget - Week 3, Part 2 Wed, 23 Jan 2008 02:28:46 +0000 http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/#comment-3732 [...] week for Better Budget, we were asked to look at our current bills and see if there was anything we do to reduce them from [...] [...] week for Better Budget, we were asked to look at our current bills and see if there was anything we do to reduce them from [...]

]]> By: Kacie http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/#comment-3664 Kacie Tue, 22 Jan 2008 03:55:41 +0000 http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/#comment-3664 Lol yeah, I love the Zack Morris-style phone. That's a really good idea for a post, Blake, about when to switch to liability only insurance. Maybe you should write about it. @A--you put in a good effort! Some times, places won't budge. Won't know until ya try. Lol yeah, I love the Zack Morris-style phone.

That’s a really good idea for a post, Blake, about when to switch to liability only insurance. Maybe you should write about it.

@A–you put in a good effort! Some times, places won’t budge. Won’t know until ya try.

]]> By: Blake http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/#comment-3657 Blake Tue, 22 Jan 2008 02:16:45 +0000 http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/#comment-3657 I really like this post, especially the up-to-date cell phone picture you use! When it comes to car insurance, people should consider whether they would be better off switching to liability only when their car depreciates to a certain value. I'm trying to decide when in my car's lifespan I will get rid of the full coverage and save about $50-75 a month. It's still worth $6-7,000, so I'm definitely not doing it yet, but several years and many more miles down the road, I will make the switch. I really like this post, especially the up-to-date cell phone picture you use! When it comes to car insurance, people should consider whether they would be better off switching to liability only when their car depreciates to a certain value. I’m trying to decide when in my car’s lifespan I will get rid of the full coverage and save about $50-75 a month. It’s still worth $6-7,000, so I’m definitely not doing it yet, but several years and many more miles down the road, I will make the switch.

]]> By: A http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/#comment-3651 A Tue, 22 Jan 2008 00:19:38 +0000 http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/#comment-3651 Great Challenge! Today's results were relatively weak compared to my past attempts. Apparently, the credit card companies seem to be much more willing to work with people that owe them money as opposed to those whom the CC companies owe money. A Great Challenge!

Today’s results were relatively weak compared to my past attempts. Apparently, the credit card companies seem to be much more willing to work with people that owe them money as opposed to those whom the CC companies owe money.

A

]]> By: I said, “That’s too much!” | Sense to Save http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/#comment-3625 I said, “That’s too much!” | Sense to Save Mon, 21 Jan 2008 19:05:33 +0000 http://sensetosave.com/2008/01/21/better-budget-challenge-3-thats-too-much/#comment-3625 [...] on Free appetizer at TGIFriday’sS.B. on Free appetizer at TGIFriday’sLJ on Better Budget Challenge # 3: That’s too much!Kacie on Menu for the week of Jan. 21Sharon on Menu for the week of Jan. 21Kacie on How to get a $16 [...] [...] on Free appetizer at TGIFriday’sS.B. on Free appetizer at TGIFriday’sLJ on Better Budget Challenge # 3: That’s too much!Kacie on Menu for the week of Jan. 21Sharon on Menu for the week of Jan. 21Kacie on How to get a $16 [...]

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