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Should Have Done This Sooner

July 3rd, 2007 at 07:32 pm

The bill for the local builders' exchange membership came due, and I finally decided to cancel our membership rather than pay it. We'd been members for many years. Except for one or two small jobs they referred to us quite a long time ago, we haven't acquired any work through them. The only benefit we have been receiving through them is a discounted group rate on our workers comp. insurance. The other day I pulled up a report in Quickbooks and did some math. I calculated that, because we haven't had much payroll the past six or so years and, therefore, didn't get much of a workers comp. discount, we could have been saving about $375/year by NOT being a member of the builders' exchange and switching our workers comp. to an individual policy. I've been kicking myself for not bothering to do the math sooner. But what's done is done, and all I can do is add this to my list of financial blunders and move on. At least it felt good ripping up the membership bill and tossing it in the garbage.

2 Responses to “Should Have Done This Sooner”

  1. Ima saver Says:

    My husband has been building here for 23 years. There is a builder's association, but we have never joined. Too busy to go to meetings, so why pay the dues.?

  2. daybyday Says:

    It seems that the associations just benefit a certain segment of contractors I guess, while other contractors do fine on their own. I just know membership wasn't worth it to us, and your husband is obviously doing fine on his own too.

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