Your (Ridiculously Easy) Financial To-Do List
Rein in spending, get saving and build security with Suze's take-control plan.
Illustration: David Wyffels
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Why It's Important
: Low deductibles of $250 or so can entice you to make claims for small-ticket items. Do that too often and your insurer may boost your premium or boot you completely. And there's a nice payoff for a higher deductible: Raise your auto and home deductibles to $1,000 or more and your premium cost falls at least 10 percent.
Do This Now
: Call your current insurer and ask for a new quote based on a higher deductible. (But do this only if you have an emergency savings fund
that can cover the cost of the deductible.)
Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc., OWN: Oprah Winfrey Network, Discovery Communications LLC and their affiliated companies and entities are not responsible for any losses, damages or claims that may result from your financial or legal decisions.