Wednesday, 29 Dec 2010

Putting Money Back into the Budget

I’ve been using the holiday down time to declutter as well as work on our 2011 budget. One thing that continually irks me is our homeowners insurance. The premium goes up every year (16% this year alone)! So I spent a little time online requesting quotes. However, nothing was much cheaper than what we were paying. I happened to log on to our credit union website the next day and saw they offered a discount on premiums with our current company.  So I requested yet another online quote.  Surprise, this one came in much lower.  I called to provide more information and the new premium is even less than what we paid last year.  So, for about a hour (total) of my time, we’re saving several hundred dollars a year on our homeowners insurance.  Yay!

I also went ahead and transferred the last bit of money required to max out my IRA for 2010.  I faxed in the form to convert to a Roth IRA.  However, I don’t know if that transaction will complete before the year is over.  I sure hope so.  I also gathered all our files in anticipation of doing our online taxes in a few months.  I also posted a few items on Craigslist and eBay.  If they don’t sell, they’ll be donated so they’re no longer taking up space in the house.  On the down side, I was cleaning out the refrigerator and broke one of the crisper drawers.  A replacement drawer is $60!  Needless to say, I’ll be putting the superglue to use rather than buying a new one.  What financial plans have you made this holiday week?

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