Money-saving tips on Big Items

Houses: Are you going to keep the home that you owned with your former spouse? Many women undergoing separation and / or divorce sell their home, the equity of which is split depending upon separation or divorce arrangements. If you are maintaining your home or purchasing a new home, the mortgage may be your biggest expense. Therefore, you want to ensure that the interest rate is advantageous. It can make a significant difference on your savings. Therefore, shop around before you select the first mortgage rate you see advertised.

Home Maintenance: Normal maintenance on a home is expensive enough. When you need to make repairs, the cost can be really problematic! Getting comparisons is the key here–getting and accepting only a single offer can be very expensive. And, without other bids with which to compare it to, you won’t know a valid cost. You want a good price but you also need a competent handyman. Check out the reputation of the service provider and the warranties that the company will offer to you.

Cars: Take a look at the vehicle you presently own. Do you have equity in a car that you no longer use frequently? Could you downsize and save money, not only in monthly payments but also in maintenance, insurance and operating expenses?

Insurance for Health Care / Dental Coverage: Shop around, Choose an appropriate plan for you and your family based on the treatment(s) covered, availability of treatment recovery, etc. If a subsidy is available, apply for it! If you haven’t been offered subscription in an employment health care plan, enquire as to the reason! You may be eligible for the same!

Insurance for Automobile and Home Coverage: As always, shop around. Prices for the same coverage can vary by hundreds of dollars from company to company, so it pays to shop around. Surf the net, ask your friends or call your province insurance department for ideas about companies and agents to contact. Ask for Higher Deductibles. By requesting higher deductibles on collision and comprehensive (fire and theft) coverage, you can lower your costs substantially.. Take Advantage of Any discounts offered, i.e. Low mileage discounts, central burglary alarm discount, etc. If you are not informed of any discount, take the initiative and enquire what discounts may be available to you.

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