What are some ways to force people with extra cash flow to save?

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Asked 10/23/2010 10:24:21 AM

Updated 7/1/2023 12:24:44 AM

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User: What are some ways to force people with extra cash flow to save?

Weegy: 10. Cut down you insurance bill(s). Don’t believe all those ads you see that Geico, or any particular insurance company, is the cheapest option. [ You must always shop around with financial and insurance companies because every policy is negotiable and subject to personal factors. For example I switched my auto insurance to AllState and saved over $200 by just saying, “Geico gave me $X rate, so what can you do for me to keep me as a customer. And oh by the way, I want to also look at changing my home insurance.” I also checked their online site which stated that drivers who switched to them saved on average $353, which in addition to grouping my policies gave me some strong bargaining points. Shopping for insurance is boring and it is easy to keep going with the automatic renewals, but in current market conditions where companies are ferociously competing for customers you can easily save $100 to $500 on your insurance policies by making a few calls to get the best price. ]
Expert answered|theseeker|Points 296|

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Asked 10/23/2010 10:24:21 AM

Updated 7/1/2023 12:24:44 AM

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KuyaBert_09

Ways to encourage saving among individuals with extra cash flow: automatic savings, incentives/rewards, financial education, goal setting, budgeting/tracking, restricted access to funds.

Added 7/1/2023 12:24:40 AM

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