Wednesday, May 13, 2009

I just saved a bunch of money on my car insurance...

Today I set out to lower one of my expenses: my car insurance. And it worked!

I went to a bunch of different websites like Progressive and Geico, and called three companies locally for quotes. I ended up going with Geico, and in the end I'll be saving $300 a year on a policy with the same coverage as my old one.

I also looked into some CD's, and revisited www.bankrate.com for more information, as well . GMAC has a 1-year CD at 2.8%. Forgive me for saying this and correct me if I'm wrong, but doesn't that only add up to a $14.00 gain over a one year period? I also went on Wikipedia (scholars would shoot me for doing this) and got some more information about the particulars of investing this way. Here's the link to that: http://en.wikipedia.org/wiki/Certificate_of_deposit

As always, I am open to suggestions and comments.

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