Comments on: Ten Steps to Simplify Your Finances, Part 2

By: Nick

Nick — Thu, 24 Jan 2008 00:38:28 +0000

It took me 15 minutes and 2 phone calls to make the transfer. Fee was modest 75$ or 2.5% on my 3000 transfer. To auto refinance I couldn’t get 0% anywhere soo… I agree it was very effective, yet I disagree, it is rather simple procedure, or at least it was for me.

And as a conclusion… in any stage of life you have to save what you have, interests, fees and others promises of payments have to be avoided at any cost. I saved my money that I otherwise would have to pay as promised. I can pay it right away I have the finances, yet why would I, when I have 9 months of free money with 0% interest. Paid with someone savings… Best of money is their availability and quantity… the rest is joke.

PS. “few extra bucks” was over 700$ spread as interest over 2 years.

By: Nick

Nick — Thu, 24 Jan 2008 00:36:51 +0000

PS. “few extra bucks” was over 700$ spread as interest over 2 years.

By: My Dollar Plan

My Dollar Plan — Wed, 23 Jan 2008 22:32:21 +0000

In addition, some companies offer discounts for your life policy too, not just the home and auto.

Many companies also require you to keep your underlying coverages there if you take out an umbrella policy. You would not want to find out that requirement the hard way… when you are filing a claim!

By: ChristianPF

ChristianPF — Wed, 23 Jan 2008 18:15:13 +0000

There always seems to be a tug-o-war between simplification of your financial life and saving making a few extra bucks. For example, transfering Credit card balances to get 0% is a time-consuming, but extremely cost effective method rather than paying 15+% on your credit cards. But, it is the opposite of simplification. I guess it just depends on what is more important to you in your given stage of life…

By: Nick

Nick — Mon, 07 Jan 2008 03:04:34 +0000

0% balance transfer is a very good option. I transferred a nasty 17% auto loan, or what was left of it after my divorce, to a 0% and save close to 1K in interest. The amount was to small to refinance, and that came handy, lately some CC, come with 0% until the balance is paid… that is great as it doesn’t set a time limit. I’d use it again. “Fico Score” vs. “Real money”, I’d go with the money, I’ll take the hit but save the money.

By: Tim

Tim — Sat, 03 Feb 2007 19:02:11 +0000

if you buy lots of stuff at a particular store, it is worth getting the store card. Some higher end have special cards that rack up points much faster and worth more than your standard cash back or rebate cards.

when you do dump credit cards, keep your longest held cards, though, over newly acquired cards. i think another blogger had wrote about it’s not necessarily the number of cards held that will affect FICO score. keeping track is simple if your bank allows you to input all your accounts. Mine are all electronic and I can see balances through my online bank account.

By: Matt

Matt — Tue, 16 Jan 2007 05:01:41 +0000

We tried the single-insurer thing, but State Farm (which holds our homeowner’s policy) cancelled our car insurance…and when we went shopping around, we found out that GEICO is going to charge us a bit more than HALF what State Farm did, for the same coverage.

So while multipolicy discounts do help sometimes and are always worth keeping in mind, it still pays to shop around.