Yesterday I was wondering if I should pay my car insurance premium off every six months when I renew or if I should continue my monthly payments with the $4.00 surcharge.
Well I decided that the monthly payment thing just does not work for me. I told the lovely lady at Geico that I would like them to charge my full premium amount to my credit card ( remember it's only $348.50) on the date that it is due (April 2o, 2010). I will then pay it off when the bill comes.
Some I readers gave me the idea of putting a little bit more money in my Car Fund so that in October when its time for me to renew I will have the money in the account and pay for it in full instead of putting it on a credit card.
So this is what I did...
I changed the biweekly automatic savings to my car fund in my ING Direct savings account to $50.00. $100.00 a month will go into the car fund. When it is time for me to pay the full premium on October 20 I will have enough to simply transfer the money to my ING Direct checking and either mail them a check or use my check card to pay the balance in full.
Also, whenever my car needs an oil change or new breaks or some other minor repair I will have money in the car fund to pay for it.
Thanks for all the comments!!! I owe this to you!
until next time, think prosperous thoughts