Marino on Money: April 28

Tuesday, I covered some tips to access extra money. Want some more? You’re in luck. I’ll share three more areas to uncover hidden dollars.

Start with your car and homeowners insurance. I recently spoke with someone this week who saved $300 by calling her agent and discussing possible discounts. Ask about savings for good driving, senior citizen, home alarm, and multiple policies with the same company.

Review your utilities and phone plans. You may save money by switching cell plans to one that fits your lifestyle better. Utility companies offer “budget” options to level out payments. Although leveling your electric bill might not save you money this month, it gives you the assurance that you will pay a similar amount each time which helps your cash flow planning.

Are your cash reserves overflowing because you’re worried about the financial markets? Some people keep too much money in their checking account because it helps them feel “safe.” I understand the need to feel safe, but you may find you can keep money secure and earn interest at the same time. Look for options in money markets, CDs, or other FDIC insured vehicles, among others.

I hope one of these tips will help put more money in your pocket. Now you can use the money you saved to take someone nice to dinner, assuming you have a coupon, and talk about what a wise saver you’ve become.