|During the month of July I did a few things to help my networth in the long run. I moved closer to work, which will save me some gas money. It is only about $30 a month, but hey every little thing counts.
In addition to moving closer to work I also decided to change auto insurance companies. I had been with State Farm, since I was 16 (8 years) and I always thought I was getting a decent price on auto insurance since my entire family, including uncles, aunts, grandparents and parents all were overseen by the same agent. Boy was I wrong, when I moved, State Farm sent me a bill saying that my premium was going up by $90 every 6 months for a total of $613.
I did some research online and ended up going with GEICO... I just saved a bunch of money on my car insurance by switching to GEICO, the slogan is true! I am saving a whopping $471 a year ($40 monthly), just like in the commercials.
In addition to all of this, the city I moved to has no city tax and cheaper school district tax, saving me an additional $72 per month.
I have also decided to pay off my car early. I will be debt free on June 26, 2009. That will save me an additional $600 in interest over the next 3 years.
All of that is saving me $158 a month!
On a final note, my car's KBB value somehow appreciated in value this month. Take that Dave Ramsey LOL. My retirement fund also didn't take quite a beating this month, I lost $14 on $2500.
Paid off auto loan August 4, 2008, after 10 of 48 months of payments. Last...auto...loan...ever...