As many of us know in New York, car insurance is not optional. If you have a car, you need car insurance, and if you finance/lease a car, you need comprehensive car insurance. Many of us really love our cars. I love my Nissan Altima. I am on my second Nissan lease now, it drives like a dream, and is great on gas. One thing I don't love? My car insurance costs. The last 5 years I've had the two leases I have paid an ever-increasing cost for my insurance. Even though I have bee
Can you imagine something as small as 0.50% making a truly large difference in your life? You goto the store to buy some groceries and it cost 100.50 dollars instead of 100 dollars. You buy a car and instead of it costing 25,000 dollars, it cost 25,125. Not a large difference right? But in reality, when you are investing and with the power of time and compounding interest, the difference in 0.50% a year makes a HUGE difference.
The explanation is actually really simple, i