A small change that saved big bucks
Reader nixed phone fee 10 years ago and is now $600 richer.
If anyone could do that, he'd publish it in book form and retire early, and rich. Besides, cutting back on restaurant meals and coffee away from home are proven ways of saving money. And small changes can mean big savings, noted a reader posting as "Great Arm."
In her case, $600 worth and counting.
Great Arm eliminated her landline's $5 monthly 'line backer' fee, which covered any phone-line issues inside the house. Five bucks a month doesn't sound like much, does it?
"I did this 10 years ago," the reader notes. "That's over $600 I didn't have to spend. I've never had a problem with the phone lines inside my house."
Personally, I've never paid this kind of fee either and in more than 30 years of phone ownership have also never had a problem inside the house. Think of all those greenbacks that Ma Bell didn't get. So check your own phone bill and see if you're paying out this kind of money each month.
If you don't want to take that chance? Put $60 a year into an account against the possibility that your interior phone line will go kerflooey. Best-case scenario: Thirty years from now the account will still be growing and your phone will work just fine.
Published Feb. 11, 2009
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
ABOUT SMART SPENDING
LATEST BLOG POSTS
Preteens, rejoice. The grown-ups have a compelling reason to consider getting you a tablet this year. Adults, listen up.