Hello Everyone! Its a dull Sunday evening and I sit in my apartment browsing through some of my favorite blogs and feeding on recent finance updates. I am constantly on a look out for some interesting information to share with you. Off-late I have developed this excessive sense of responsibility towards my readers.

My day doesn’t seem complete until I post something (apart from the regular IRS notifications and discussions about stimulus) that would help everyone save some money, so here is today’s saving strategy. Few tips to save on your auto insurance.

Here is a list of some of the best Auto Insurance companies around where you can compare your current Auto Insurance with what these companies will give you -

1. 21rst Century.
2. All State.

Usually we  shop for Car Insurance when we have just brought a new car or if we are smart enough, we start thinking about it when we are planning to get a new car.

Auto Insurance Related Things To Keep In Mind When Getting a New Car

1. Keep your deductible high

Deductible is the amount of money that you would be paying towards your claim, if the amount of your claim is $1500 and your insurance company pays $1000, the remaining $500 is your deductible.If you increase your deductible from $500-$750, then your premium amount would get reduced. This way you would be able to save upto 10%.

2. Keep your automobile & home insurance in the same firm

Purchasing  your home and auto insurance from the same company could allow some discount to be enjoyed for both the policies. Sometimes it is possible to save up to 10%.

3. More thank one vehicle?

If you have more than one vehicle, insure them under the same scheme.

4. Compare Auto Insurance

Before purchasing a new car, get insurance quotes of models you have short listed to know which one will take up less money to be insured.

5. Shop around a lot before settling for an insurance policy

Its no harm to spend some time in doing this research. With advent of internet and its million gifts, it gonna take less than an hour to compare rates.

6. Do not over speed for thrills:

You not only end up paying speeding tickets, but also begin to mess with your auto insurance which i am sure you do not intend to.

Here is a list of some of the best Auto Insurance companies around where you can compare your current Auto Insurance with what these companies will give you -

1. 21rst Century.
2. All State.

Have anything more to add to this list? Let us know, we are eager to hear.

An innovative way for people to get rid of things they do not need anymore as well as to earn some quick money at the same time is to organize a garage sale. But what is beginning to happen is that some towns are increasing their rates for organizing yard sales, thus reducing the profits of the residents.

Bloomfield in New Jersey hiked its permit for garage sale by more than two times the original permit this year which was initially $10 but now $25. And what might happen to residents who don’t pay is even more interesting.

They might not only get fined up to $150 but also land up in prison for 10 days, the duration of course varies from town to town. But in most cases, people are not really prosecuted for acts like these, as stated by Glenn Domenick, director of community betterment in Bloomfield.

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News about Internal Revenue Service’s plan to levy a tax on cell phones provided by the employers is making rounds within the Wireless circles. Such cell phones would now be available under the fringe benefit plan.

According to IRS, the proposed plan would now require that you to declare up to 25% of your yearly cell phone bills under tax benefits. I feel that many employees could avert this by proving that they used their personal cell phones for calls that were not related to work during the working hours. A fellow tax collector nodded in agreement with my remark.

I feel this might increase your tax burden by a slight amount but an excess burden is an excess burden, there is no debating that. Global marketing survey company, JD Power and Associates, an average cell phone bill per month comes to $73.

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If you think all the sectors in America are hit by recession then think again, besides installing solar energy panels, the IRS, a vanguard organization for public services has plenty of job opportunities available with it.

President Obama believes that an 8% hike would aid IRS in collecting an additional $17 Bn taxes via rampant tax enforcements. Obama has thereby increased the funding for IRS by $400 million for the 2010 fiscal year.

I see the noose tightening around corporate giants as the IRS Commissioner, Doug Shulman remarked that most of the funding would be used to monitor and enforce taxes on the international operations of such companies. The Obama administration intends to keep a tab on businesses that push filing for taxes by blaming the delay or lack of payment of taxes on the complexness of the capital markets overseas.

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One of the popular sites, which track the loans taken by students, has given the verdict that approximately 2/3rd of the student group at some point or the other take educational loans. To prop up such students, various online domains have taken up the venture to list out large number of scholarships which are astoundingly easy to be grabbed.

All a student need to do is get a form from the educational Department of US. The form is of free application for Federal Students Aid and in a short span of time, you will become eligible for loans at astonishingly low interest rates.

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With Obama’s administration all set to make amendments, a common talked about plan that is gaining momentum is to lay the charges on private health insurance for treatments of service-related illness of veterans. Currently, these costs are borne by the Department of Veterans Affairs. This is a proposed change that has evoked outrage from many veterans’ groups.

Leaders from 11 major veterans’ organizations have thereby signed a letter to President Obama that mentions this consideration to be completely unacceptable. This would be a complete abrogation of legal responsibility and moral obligation of the government towards people who have never cared to lay their lives for the freedom of the country, the letter adds.

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Vice President Joe Biden, one of Amtrak’s most prominent customers, said Amtrak will make overdue upgrades to infrastructure and expand passenger rail capacity with the $1.3 billion it is receiving through the economic-stimulus package.

Biden, formerly a regular rail commuter, said more than $100 million will be spent on replacing a bridge on the railway’s Northeast Corridor, while $82 million will go towards repairing rail cars. In addition to the Amtrak funds, the stimulus package also includes $8 billion to fund a high-speed rail network.

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Obama’s health care plan follows a usual democratic template bearing resemblance to 1994 health care plan by Clinton, 2004 health care plan by Kerry along with the undeniable similarity to the proposal that was presented forward by Common Wealth Fund.

The emphasis is basically to quickly increase the number of masses that would be covered under the health insurance as significant upfront investment is made. The senator claims that his reform proposal would allow an American family to save medical costs by $2,500 every year.

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After the last stimulus check that helped little in reviving the economy, the second stimulus check package is what President Barrack Obama seems to be keen on. Plans of up to $ 50 billion fiscal stimulus would soon be materializing into tax rebates, unemployment benefits and stimulus checks. The American population may still be confused over the last stimulus payouts, but they are also anticipating the mails for the next stimulus checks that are pushing there way in.

Though the earning people in the middle-class seem to be the major beneficiaries of the fiscal stimulus plan, there are some benefits in store for college students too. Provisions have indeed been made to offer tax credits and grants to students.

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On February 18, 2009 the much awaited and also the much needed American Recovery and Reinvestment Act was signed by President Barak Obama. This act is better known as the Economic Stimulus Bill created history in United States because the spending act is the country’s largest legislation in history and is aimed at rejuvenating the ailing economy by providing stimulus to different sectors.

Along with many other provisions, this stimulus bill also contains provisions for small business benefits. We all know the importance of Small Businesses in the country as they provide employment to more than 40% of Americans.

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