banking and auto ?/?
by admin ~ February 22nd, 2010 . Filed under: Personal Finance .
junkfood1 asked:
I have a checking account, savings, vaction, should I open a savings account for auto. It would be for car parts. Im makeing 8.75 and live at home so I want to save as much money. How much should I put away a month for my auto. My car repairs are like 400 to 500 dollars.
I have a checking account, savings, vaction, should I open a savings account for auto. It would be for car parts. Im makeing 8.75 and live at home so I want to save as much money. How much should I put away a month for my auto. My car repairs are like 400 to 500 dollars.
My bills are
rent 200
health insurance 67.00 each pay check
gas 1-100
retail 50-75
vacation fund 60 a month.
Skye Chesbro
February 23rd, 2010 at 8:44 pm
That’s a lot for health insurance.
Have you ever considered a high deductible plan?
You sound young enough.
A high deductible example is:
You only pay 800 for health insurance a year if you are young and single.
Your deductible may be $3,200 - out of your pocket before your expenses are covered at 100%.
Some companies call this catastrophic coverage.
You just need to make sure you have $3,200 in the bank in case of emergency.
Just a thought.
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