cover of episode Ask HTM - WTD Rising Car Insurance, Tackling the Rent vs Buy Dilemma, & Socking Away Money for Kids #901

Ask HTM - WTD Rising Car Insurance, Tackling the Rent vs Buy Dilemma, & Socking Away Money for Kids #901

2024/11/4
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How to Money
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People
A
Andrew
专注于解决高质量训练数据和模型开发成本问题的 AI 研究员。
A
Anthony
作为《Camerosity Podcast》的主持人，Anthony Rue 深入探讨了摄影设备的历史和使用经验。
C
Candice
L
Luke
警惕假日季节的各种欺诈活动，确保在线交易安全。
M
Matt
无足够信息构建一句话概述
Topics
Matt 和 Joe 讨论了听众关于车险保费上涨、租房与买房以及为孩子存钱等问题的看法。他们建议听众根据自身情况权衡利弊，并提供了一些建议，例如货比三家、提高免赔额、考虑减少车辆数量等。 Andrew 咨询了关于车险保费过高的的问题，并询问了更换保险公司是否会影响保费。Matt 和 Joe 解释了车险保费的构成因素，并建议 Andrew 尝试货比三家，并考虑提高免赔额。 Anthony 咨询了在高房价地区租房的问题，并询问了买房的可行性。Matt 和 Joe 分析了 Anthony 的财务状况，并建议他根据自身情况权衡买房和租房的利弊，并考虑在其他地区寻找更实惠的住房。 Candice 咨询了更换天然气供应商的问题，并询问了是否值得花费时间进行比较。Matt 和 Joe 建议 Candice 利用政府网站或公共事业委员会网站进行比较，并建议她不要花费过多时间进行比较。 Luke 咨询了为孩子储蓄的问题，并询问了 529 计划和 IRA 等储蓄方式的选择。Matt 和 Joe 建议 Luke 权衡短期和长期需求，并考虑其他更灵活的投资方式。

Deep Dive

Chapters
Andrew from Oregon seeks advice on dealing with high car insurance premiums after a hit-and-run incident. The hosts discuss potential strategies including reducing the number of cars, shopping around for better rates, and considering higher deductibles.
  • Consider reducing the number of cars to save on insurance costs.
  • Shop around for better insurance rates and use independent insurance agents.
  • Opt for higher deductibles to avoid claims that lead to higher premiums.

Shownotes Transcript

Let’s dive into the week with some fresh listener questions we have lined up for you! And don't just stand on the sidelines- if you have a question you’d like us to answer, toss your voice memo our way. It only takes about 90 seconds to record and you can find a step by step guide over at HowToMoney.com/ask) . Regardless of how random or bizarre you might think it is, we want to hear it!

 

1 - What can I do about my sky high car insurance premiums without getting penalized for shopping around?

2 - Is it possible to be in good financial shape, without owning my own home?

3 - How much time should I spend shopping around for the absolute cheapest utilities?

4 - Should I open an IRA for my new baby if I’m wanting to help them out financially off in the future?

 

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.)  Sign up for the weekly HTM newsletter). It’s fun, free, & practical. Join a thriving community of fellow money in the HTM Facebook group.) Find the best credit card for you with our new credit card tool)! Massively reduce your cell phone bill) each month by switching to a discount provider like Mint Mobile.

 

During this episode we enjoyed a Stranger Danger by Monday Night Brewing! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts) or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

 

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