Phil's Financial Tip of the Day:
Don't pay convenience fees for transportation
I just paid my car insurance premium the other day. The period covers six months and can be paid in 1,2,3 or 4 payments. Each payment not paid in full is charged a $5 fee. After analyzing this, I asked myself why throw away $20 for four payments over six months and another $20 later in the year. That $40 saved is the price of a good dinner further down the road. So I just paid the six months in full and don't have to worry about another payment until August when I will pay in full once again..
Also I was near empty the other day so decided to fill up my gas tank. Here in New Jersey just about every gas station charges $.10 cents less per gallon for cash over credit. I decided to pay cash and wound up getting 15 gallons at $53. This saved me another $1.50 in charges. If I fill up every week that would be 52 weeks times $1.50= $78.
You see how the little things add up to big expenses.
Going forward I will not pay fees for driving!
Total Savings= Approximately $120 for the year
Quote of the Day from Dave Ramsey.com:
You don't drown by falling in water; you only drown if you stay there. — Zig Ziglar
Starting Monday February 27th, please listen to the Dave Ramsey show live on WOR 710 from 2-4 PM EST. You can also listen to the 3rd hour 4-5 PM EST on Dave Ramsey.com
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