Friday, December 21, 2012

Reducing expenses

Today I dropped my expenses by a small amount.
I will probably stick it out through the winter in CO and since I don't have a regular job I decided to reduce my insurance premium on the van. I had it higher due to the location I was in and to also ensure that I was well covered but now that I don't need to drive much and am no longer in lots of traffic, I no longer need it. The drop in my premium was approx 40% or $250 a year. If I am ever in a situation that requires the higher insurance, then I will raise it again. I pay my insurance in 6 month increments because it saves me the extra monthly charge fee, or "convenience" that gets added on.

This drop would be equal to an extra ~$1500-2000 in invested dollars paying a dividend.

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