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I’ve just encountered the first positive financial benefit of officially being retired from the workforce. My car insurance renewal notice appeared in my inbox, and being the person I am, I contacted the insurance company to inform them of my change in circumstances from employed to retired.
What’s particularly noteworthy for those of us just starting retirement is to remember to contact your insurer. Many people might just pay the renewal notice without thinking about updating their information. A simple phone call led to a 10% saving. This shows the importance of staying on top of your finances and actively communicating with service providers about any life changes.
A 10% saving is a nice little win for a phone call, and as the saying goes, every little bit helps. Now I have a bigger problem, what am I going to spend that $40 on???
Guinness
A little effort is all it takes. A stop at the service counter at my gym to sign up for a discount through my Medicare supplemental insurance saved us $40 per month. A form submitted to my county got me an “owner occupied” property tax credit for $120 per year. Another form secured a homestead credit for $600 per year.
My old bank paid me 4 cents a month interest, my new bank pays me about $30.
Sometimes it’s not even about money. There’s an awesome setting on my phone that silences unknown callers and sends them straight to voicemail. All I had to do was go into my settings and turn it on. Simple.
Mark, me thinks that you should put the $40 towards something pretty for Suzie🙃
Suzie sure has to put up with a lot, listening to me prattle on all day. Maybe a set of earplugs would be appreciated!