Think Long Term Protection When Purchasing Insurance

One of the biggest financial mistakes you can make is not having enough insurance. Being an insured motorist not only allows you to protect your vehicle against any unexpected damage, but it also gives you the financial resources you need should you ever require medical attention or legal support. Although most people purchase a policy to avoid breaking the law, that should not be the only reason you do so. You need to purchase a good policy to protect your future.

One of the most important tools you have at your disposal when it comes to shopping for policies is the internet. You can access so much information any time you want. Why not use the internet to find an insurer that is capable of giving you the protection you need for the amount of money you want to spend. Although there are some really low ball insurance offers out there, always remember that the lowest rates are usually for a bare bones policy. So if you want to gain some peace of mind and financial stability, you need to shop for a comprehensive policy that is tailored to your needs.

Check Insurer Reputation

Each insurer has a reputation that should be carefully evaluated before you do any business with them. It doesn’t matter how long a company has been in business or how many customers it has, if that company has a poor reputation, you are not going to enjoy being their customer very much. Use the internet to research for reviews and other information that can provide you with vital information about an insurer’s reputation. Take a look at some of the oldest and newest reviews you can find before making any decisions on insurance.

Compare Rates and Policy Coverage

Always take a look at rates and policy details before making any commitments. Never make any assumptions and always double check to ensure that any policy you are interested in at least meets your state’s requirements for the bare minimum in coverage. Even though the bare minimum offers you a decent amount of protection, it doesn’t offer you as much as you’d like if you have a family and assets to protect. Talk or chat with an agent to find out what your policy options are so you can put together a policy that suits your needs.

Think Long-Term for the Best Savings

While most people purchase their insurance policies in six-month increments, nothing gives you better peace of mind and savings like purchasing a longer term policy. Many insurers offer significant savings for policyholders that pay for their policies on an annual basis. The savings are even greater when you combine other policies together such as renters, mortgage, and life.

Do the math and look at how much money you save when you stop paying monthly, and semiannual premiums. By planning ahead and purchasing a long-term policy, you can keep more money in your wallet or budget for something else.

Just because you have to purchase insurance, doesn’t mean that you should throw all caution to the wind when selecting a policy. Protect yourself, assets and finances by researching your options so you can make the best decision for your situation.

Apartment Renters Beware

Here’s a Catch-22 for you; it’s now more affordable to buy a home them to rent but, because most renters don’t make enough money to put down a big enough down payment, they’re stuck renting.

To make matters worse, practically all of the online apartment hunting websites have now been invaded by scammers, making it extremely likely that the average person looking to rent an apartment will run into one at one point or another. Add to that the fact that, because of time constraints, money constraints or a combination of the two, most renters are under pressure to find …

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Saving while in your 20’s

It’s not easy to save when you’re young, fresh out of college and just starting out in the world. Sometimes the priority is not about savings or making an investment but food, rent, going out with friends and loan payment. But what they failed to note is that you’re in your 20’s saving up should be one of your goals. It might feel like you’re trying to build a three story house using straws but saving up for retirement and for stuff such as investments at your 20’s and 30’s is really the best. But anyone nearing retirement age will …

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Selling Your Own Home? Here Are Some Great Tips!

One of the biggest costs that homeowners have when selling their home is one that most falsely believe they can’t do without; commissions to their real estate agent.

With commissions as high as 6%, the cost of paying a real estate agent to help you sell your home is definitely not cheap. For example, on a $280,000 dollar home, your cost (i.e. your real estate agent’s pay) would be nearly $17,000!

You have to admit, that’s a lot of money just for giving people a tour of your home, and that’s why selling it yourself is such a good idea.…

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In Your 20s? Here are 5 Money Mistakes You Definitely Need to Avoid

It’s certainly not easy to think about the future when you’re in your 20s and your life is a bit crazy to begin with. Add to that the fact that 40% of young adults in America today are working in jobs that don’t even require a degree, an extremely high rate of underemployment to be sure, and you’ve got a recipe for financial mistakes. Most young adults also face student debt, which averages just under $30,000, as well as the regular expenses that all else have led housing, healthcare and transportation, all of which are getting more expensive.

There …

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Predict the Future in Order to Save for Your Retirement

Psychologists working hand-in-hand with financial experts have figured out that the best way for a person to motivate themselves to stick with a savings plan is by envisioning what their future self will look like.

If this sounds a little bit esoteric, it’s actually quite simple. It means taking a look at yourself in the mirror on a regular basis and envisioning what you will like in 20 to 30 years. Thinking about what you would like to say your self about the decisions you are making now, and whether or not you need to apologize for them or thank …

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Why Your Career Should Be Considered Part of Your Portfolio

David Blanchett, the head of retirement research for Morningstar Investment Management, recently published a paper entitled “No Portfolio Is an Island”. In it he looked at counting your career as one of the most dynamic factors for asset growth, a strategy that’s been validated by other financial advisors.

“You should think of your wealth holistically,” Blanchett says. “If you think of yourself as an entity with these risk exposures, how do you use your portfolio to make [your] overall wealth as efficient as it can be?”

The fact is, everyone expects that their hard work will one day pay off

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8 Tactics For Breaking Your Lease Without Losing Money

breaking-your-lease

breaking-your-leaseSigning a lease on an apartment definitely has its pros and cons. With the standard one-year lease, you’re guaranteed a place to live at a fixed rate for that period of time.  Simultaneously, you’re bound to that contract and can’t simply leave without financial repercussions. Fortunately, there are some ways to still have flexibility while under a lease and to limit the financial damage if you want or need to break that lease.  Here are some of the tips I’ve learned after dealing with several landlords.

1. Find out if you’ll be able to sublet your apartment.  Every …

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The Up-Side of Being ‘Cheap’

money-spruce-giveaway

Okay, we all know that being called “cheap” is usually something that is not a compliment. The fact is however that being frugal is actually very good for your finances, and offers quite a few financial rewards, which we’ll take a look at below. Enjoy.

1) Paying less in interest rates. Saving up money ahead of time will allow you to avoid borrowing so much money and paying a lot working interest when it’s time to purchase a new home or automobile. Choosing a less expensive home is also a way that frugal people save, because they don’t let …

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How Final Expense Insurance Can Cover Funeral Costs

When a loved one passes away, it can be costly to have a funeral. During this stressful time the last thing, your loved ones need to be worried about is finances. Having a final expense insurance policy can make covering the costs of a funereal 10xs easier. Today, we will be discussing just how final expense insurance can cover funeral costs. Therefore, if you have been considering investing in final expense insurance, you can see if it is ideal for you to do.

Pre Planning

Many funeral homes offer pre-planning services. This means that you can organize your funeral in …

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