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Our insurance gives us a considerable discount for paying our premiums twice a year as opposed to monthly. We save something around $300 per year when we do this, so it’s incredibly important to us to take advantage of that benefit. Look at your bills and see if there are ways to reduce your bills’ overall cost by paying larger increments. For example, add an extra $25 per month to your automatic monthly withdrawals (see budgeting tip #1) for the purpose of paying your insurance bills twice a year as opposed to monthly.