Cut your spending by $500 a month
In today's tight economy, who doesn't want to free up some cash? Trim the fat but not the fun from your budget - here's how.
Monthly savings: $50*
High auto policy prices will hit the road if you use a combination of these cost-cutting strategies.
Raise your deductible. Going from $250 to $500 could save 7%. Jump to $1,000, and you'll save 14%.
Just say no to collision. Got an older car? If it's worth less than 10 times what you'd pay in a year for collision (check at kbb.com), drop the coverage.
Dig for discounts. Save up to 15% with breaks for safe driving records and good grades for teens.
Shop around. Compare prices at insweb.com. You may get coverage at up to $300 less than you pay now.
Pay as you drive. In 15 states, Progressive allows drivers to plug a device into their cars that monitors driving habits and miles. Possible savings: up to 30%.
NEXT: Break the bank
-
Groceries -
Car -
Shoes -
Twitter -
Timing -
Stretching -
Commuting -
Gas -
Printers -
Generics -
Work out -
College -
Camp -
Prescript... -
Pills -
Childcare -
Pets -
Health risk -
Phone bills -
Coupons -
Assistance -
Taxes -
Shopping -
Spending -
Convenience -
Happiness -
Indulgences -
Temptations -
Fees -
529 plans -
Interest ... -
Investments -
Car insur... -
Banks -
Overdrafts -
Life insu... -
ATM fees -
Cash -
Web tools -
Home -
Energy -
Lawn -
Mortgage -
Tools -
House -
Renovations -
Appliances -
Home insu... -
Sample sa... -
Home goods -
Clothing -
Designers -
Fun -
Food -
Gardening -
Champagne -
Sports -
TV -
Books -
Music -
Club cards -
Tipping -
Vacations
Last updated August 17 2009: 9:37 AM ET
Note: Estimated savings for a married couple with two cars in Edmonds, Wash., who raise the deductible from $250 to $1,000 and drop collision on one car.