For us, we look over our finances every January. Yes, we do this all the time, but this is the time we reassess everything. Here is what we do: 
- Auto / Home and Umbrella insurance – we checked to see that we are paying a competitive annual rate for all policies
- We took our safe driving class to lower our auto insurance (This is something we do every three years)
- TV / Internet – we did this in December. Our current provider increased our internet, so we switched to the competition and cut our bill in half
- We set up automatic monthly payment from our checking account to lower our medical insurance premiums. Just switching from a credit / debit card to checking account, saved us money.
- We are in the process of consolidating accounts. We transferred retirement accounts from past employers to one account.
- We have started the process to update our wills, power of attorney, healthcare proxy and more. There is so much more with these with your digital footprint to consider.
These are some of the things we have done in previous years:
- We eliminated our trash and recycling services, saving us $75/ month. It costs us $25 annually for the Town permit. Savings = $825.
- We do our own yard work – lawn mowing and snow removal.
What are you doing in January with your finances?
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