How to be poor?

[FoxtArt]

For anyone reading who can afford it, now would be a great time to up the limits on your auto policy for uninsured/under insured motorist.

You anticipate rates going up or something? TBH I am not fully clued into the value and extent of that coverage.

Lets say someone hits you in a parking lot, puts a massive dent in your vehicle and leaves the scene. Happens a lot.

Does full coverage reimburse that even w/o UM? Just curious.

I've heard if you have it on one vehicle you have coverage on them all, true, not, or retarded?

[FoxtArt]

I plan on heavy bumpers (move) to mitigate a lot of the risk as well, but ofc that doesn't help on a high speed accident...much.

[Irving]

No, I anticipate more people driving around without insurance.

A hit and run is just covered under collision. It's Been so long since I've handled auto claims though, that stuff is getting sketchy in my memory.

UM/UIM is both simple in that it covers exactly what it describes, but complicated in the way that it is applied.

[HoneyBadger]

Very interesting thread.

Meal prepping / cooking food in bulk saves a HUGE amount of money. Our family of 4 eats this way for an entire week for about the same cost as eating out at a decent restaurant just once.

Sell unused/unneeded items. Most people don't need what they want... and many don't want what they truly need.

Unused vehicles are a HUGE money pit.

Somebody posted a while back about simple living in a tiny house - A friend of mine went the tiny house route and it was surprisingly expensive... Some tiny homes are $50k+. Finding a place to park it with utilities can be expensive too if you don't own the land. Also worth noting that the tiny house thing does NOT work well with kids. They were really happy for about a month... and then they realized how silly it was for 2 adults and 2 kids to live in 200sqft.