I received our new Health Insurance Premium statement today and for the first time in 3 years our premium went down by $82 dollars! On the year that is just under $1000. If I were to invest that $1000 into a low yield investment account at 5.2% return for 35 years. My $1000 would be just under $6000 dollars. Yes, $82 a month does not seem like a lot, but when recognized over a large duration of time, $6000 to me is worth celebrating. If I choose not to invest the $82, this increased cash flow for our monthly budget now allows for Payton and Elliot to do a few more outings to the local Community Center, or enroll in a soccer camp. I like to celebrate anytime I am able to see a savings in our budget and receive the for the same quality of service.
Not only do I review our Health Insurance Premiums, but once a year I will go through our reoccurring subscriptions and determine if they are still necessary for our family. This year here are a few that I reviewed and how I determined if they were worth keeping or canceling.
At the conclusion of my bill pay and subscription audit I was able to save us just under $200 dollars in cash flow per month. I have not determined yet where I will allocate this extra cash, but I am excited to see the new opportunities we will have going into 2019.
"Creating a budget has been the greatest tool in our marriage!"-Amber