(February 11, 2009) – I just paid my automobile insurance and examined something for the first time.  If I paid the entire six-months, I saved several dollars.  Before, I had paid the extra thinking that I would make up the difference by keeping the second payment in a savings account.

I was wrong.  At today’s rates the interest earned is far less than the lower amount charged for paying six-months at a time.  Take a look at your policy when your bill it due – you might save money here.