Saving You Money: Insurance and Housing
Updated: Thursday, May 1 2014, 11:09 PM CDT
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Stacy Case is saving you money on insurance and housing.
As the housing market continues its recovery, many of you may wonder, should i rent or buy? Mortgage rates have remained low, but rents have outpaced income two to one over the last decade. Real estate website Zillow says buying is better after two years when you typically break even on your investment. Try to keep housing costs at 30 percent of your income after taxes.
Walmart claims to have the low price guarantee. That may hold true for its new business venture into auto insurance. The nation's largest retailer is partnering with autoinsurance.com to give customers access to competing insurance quotes. The service is already available in Tennessee.
Vacation spending is expected to go up 50 percent this summer. The average traveler spends $3,000 on a trip according to fat wallet. So, do you need to spend on travel insurance? First, take a look at your current health insurance. It may already cover your medical needs abroad. Your auto insurance may cover your rental car, and your homeowners insurance will cover stolen property where it happens.
Before buying trip cancellation insurance read the fine print on exactly what circumstances are covered.