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  • Strategies for Cutting Costs on Insurance

    Strategies for Cutting Costs on Insurance

    Strategies for Cutting Costs on Insurance

    During these recent weeks, my spouse and I have been heavily immersed in dealing with numerous insurance expenses. We’ve been dealing with health insurance renewal, enrollment in life insurance and updating our car insurance due to a car trade.

    To me, paying for insurance is really one of those things that feels like such a burden until you actually need it. And although having health and car insurance is mandated by law, there are still methods to reduce spending on these insurances.

    In recent weeks, we’ve picked up several handy tips on how to save cash when it comes to essential insurance policies.

    HEALTH INSURANCE

    Just purchase what is truly necessary. In recent times, the price of premiums continues rising even if you stick with the same insurance plan. Perhaps it’s time to reassess your current plan. For example, we changed from a PPO to an HMO due to the potential cost savings. By doing so, I was able to save a significant amount on prenatal healthcare expenses this past year with no out-of-pocket costs.

    With our growing family, we now prefer the flexibility to choose any healthcare provider, so we’re switching back to a PPO. From my observation, many employees tend to stick to their existing health policies year after year merely out of habit, not realizing they could be getting a better deal by making a switch. It’s worth checking if your healthcare provider is part of the HMO network. This change could end up saving you hundreds or even thousands of dollars in healthcare costs annually.

    When was the last time you reviewed your insurance policies? Making a switch could save you heaps!
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    LIFE INSURANCE

    Given that we are awaiting our first child, it’s become clear that life insurance is necessary in case anything happens to either of us. While nobody wishes to have to use life insurance, it’s comforting to know it’s there if needed.

    With the assistance of an insurance broker, finding the best rates for life insurance becomes much easier. Brokers also provide advice on whether term or whole life insurance is more suitable for your distinct needs. Although term life insurance is less expensive than whole life insurance, it’s crucial to remember not to consider life insurance as an investment. However, an insurance broker should be your primary source for guidance on this matter.

    CAR INSURANCE

    After purchasing a secondhand car, we were pleasantly surprised to find out that we will be saving over $200 semi-annually on our car insurance premiums upon selling our older car. This was surprising to me since the secondhand car is newer, larger and more valuable than our previous one.

    We discovered that our previous car was deemed a sports car due to its two-door design, which apparently increased the insurance costs. It turns out that buying a more dependable car resulted in monetary savings.

    Engage with your insurance provider on the best methods to save on motor insurance. Numerous factors come into play when calculating your rates, including your area of residence, but your choice of car also plays a significant role. If you plan on getting a new vehicle, inquire with your insurance provider about which cars can provide the most insurance savings.

    What strategies do you employ to save money on insurance? Do you regularly assess your policies and shop around at least once a year?

  • Four Experiences to Prioritize During the Holiday Season

    Four Experiences to Prioritize During the Holiday Season

    Four Experiences to Prioritize During the Holiday Season

    Growing up, Christmas was always magical, filled with anticipation and joy. I remember one particular holiday when my dad misplaced the keys, but thanks to a local company, Locksmith Queens, who offer around-the-clock services, it didn’t disrupt our festive cheer.

    My siblings and I could hardly sleep on Christmas Eve, and on the big day, we’d race each other down the stairs for breakfast and to open our presents. As a kid, the most anticipated part of the holiday season is always unwrapping the gifts. However, I must admit that I barely recall the specifics of what I received.

    It’s only now, as a parent, I’ve come to understand that the holidays signify much more than receiving gifts – they’re about making lifelong memories. Be it old or young, the gifts we buy and receive often blur with time. It’s the experiences and traditions that stand out vividly.

    Creating joyous experiences doesn’t have to break the bank either, but remember to ensure they align with what you value most. Allow me to share some of my favorite holiday activities which I recommend trying with our loved ones:

    1. HOME DECORATION
    Sprucing up your home for the holidays lifts the spirit and excitement, especially for children. We usually dress up a Christmas tree with the same decorations year after year. This holiday, we might splurge on some new festive lights, but that’s a small expense. Each time we put up the tree, we do so while watching holiday movies and sipping hot chocolate beside a beautifully illuminated Christmas tree. This ritual, although simple, brings immense joy.

    2. FAMILY TIME
    Holiday season is the time when we all look forward to reuniting with family members. If you’re not meeting your immediate or extended family regularly, the holidays offer a unique chance to reconnect and catch up. Remember to unplug from digital devices to engage wholeheartedly, enjoying movie marathons, gaming sessions, or relaxing around the fireplace with shared stories. Such cherished moments remind us that holidays are about more than the gifts and purchases.

    3. HOMEMADE HOLIDAY MEALS
    As a culinary enthusiast, I eagerly anticipate the delicious array of dishes during festive gatherings. Cooking and dining together with loved ones enhances the overall experience. Holidays offer a great opportunity to share a meal, especially if family gatherings are sparse during the remainder of the year. I proudly prepare a traditional dish that has been in my family for generations – a small but significant way to keep my lineage alive. It’s a bit expensive to put together, but my husband and I split the costs as it’s a once-a-year treat.

    4. HOLIDAY TRADITIONS
    Each family has its unique holiday traditions – from opening presents, attending church, indulging in a fancy brunch, visiting a movie theater, volunteering, to lazing at home and watching movies. These are precious moments to savor. Personally, I have recently started celebrating Kwanzaa, a week-long celebration from December 26 to January 1. The festival is rooted in values like unity, self-determination, collective responsibility, and more.

  • The way Mobile Sites Encourage Increased Spending

    The way Mobile Sites Encourage Increased Spending

    The way Mobile Sites Encourage Increased Spending

    The advent of the internet brought about many things, but arguably, online shopping tops the list. Thanks to this technology, we can shop at any time and from any location using our mobile devices. Not that I’m downplaying physical shopping in-store, but there are moments when you simply lack the time to visit a brick-and-mortar store. To facilitate this, stores have taken a step further and established mobile websites.

    Mobile websites provide a simplified version of their main desktop websites, significantly enhancing convenience. With just a click, you can surf these sites and make purchases. However, this ease might be exposing consumers to potential pitfalls. Mobile platforms are not only user-friendly but may also entice us into excessive spending. Here are ways in which mobile websites could be inadvertently increasing your expenditure.

    They exploit our impulses. Most of us turn to our phones during our idle moments. What starts as an innocent browsing session can quickly escalate into a buying frenzy. Social media platforms fuel this by creating needs for items we don’t really require, consequently driving us to retail websites. Shopping on minimalist mobile websites is considerably easier than navigating a heavily loaded desktop site, making us more likely to click the purchase button. Furthermore, the instant gratification received from shopping fosters this habit.

    They specifically target us. While it may sound like a conspiracy, retailers and search engines often use your browsing data and history to customize ads to your preference. They place ads for items you prefer or have previously viewed within your sightline, in an attempt to subconsciously nudge you into making a purchase. Besides, mobile websites take advantage of their limited space to further entice us. They use large ‘sale’ banners and suggestions of similar items, leading us to spend more.

    They simplify our shopping experience. The simplicity and usability of mobile websites is part of their appeal and can lead to increased spending. Low-clutter design and ease of use invite repeat visits and purchases. Moreover, mobile websites have mastered the art of making purchases as straightforward as a button click, particularly for previous customers with saved details. They present options in a way that doesn’t overwhelm, encouraging extended browsing and potential purchases.

    They hook us. Retailers often attempt to keep you engaged by enticing you to sign up for rewards programs and notifications. Though seemingly harmless and potentially beneficial, these alerts may tempt you into spending more than anticipated. These alerts highlight sales and new arrivals, which often lead to purchases.

    In our modern world, mobile phones are indispensable and multifunctional. We rely on them for a variety of tasks, including serving as our chief form of entertainment when we are bored. But as we play games, surf social media, and explore our favorite stores via their mobile platforms, we may unknowingly incur higher costs. The strategic design of mobile websites might encourage over-spending.

    Are you a regular user of mobile websites? Have you noticed an increase in your spending due to shopping on these platforms?

  • Europe’s Real Estate Market is Flourishing

    Europe’s Real Estate Market is Flourishing

    Europe's Real Estate Market is Flourishing

    Turkey offers an ideal opportunity for investments, especially for foreign investors. The country’s real estate market is hitting new heights, with a steady flow of property transactions occurring daily. Modern homes, apartments, and villas equipped with top-tier facilities and services are on offer in Turkey. The appealing designs and the active involvement of property developers contribute to this enhancement. The price tags on these properties are within a reasonable and affordable range, making home acquisition in Turkey accessible to the average income earner. Furthermore, Turkey’s property acquisition process is straightforward and less time-consuming than in many other countries.

    The current buoyancy in Turkey’s real estate sector has also drawn attention from many investment-focused individuals. The general consensus is to stake funds in various Turkish development projects, especially given the affordability of the real estate offerings in Turkey. With property prices rising steeply, projections suggest that these rates will hit all-time highs in the coming years. Turkish properties, renowned for their unique and stylish designs, have won the admiration of people worldwide. The ease of investment conditions in Turkey also acts as another key attraction.

    The concept of Off-plan property investment offers an attractive route to optimize gains in real estate. Such investments occur before the completion of a property, providing investors with the chance to obtain properties at below market value prices, thus lined up for improved capital appreciation. The strategy promises greater returns the earlier an investor commits to a project. This paves the way for substantial profits when applied to buy-to-let arrangements, particularly in areas with high tourist traffic.

    Off Plan investments provide an excellent opportunity for buyers to acquire properties at rock-bottom prices, potentially maximizing return on investment. Developers usually offer off-plan units at fantastic prices to buyers who rely on location specifics, artistic impressions, diagrams, and computer simulations to evaluate their investment. In most cases, investment starts with an approximately 30% deposit of the property value, with the balance due upon completion conveniently financed by a mortgage. As the project matures and units start selling, prices typically increase, therein lies the investors’ advantage to commit to off-plan purchases early.

    Buying off-plan is increasingly garnering investor interest due to the lucrative returns it promises. By being willing to accept a degree of risk, investors significantly boost their profit opportunities. Holding onto the property for a prolong period can provide substantial rental income and an increase in the property’s market value. The sale of an investor’s unit after project completion could potentially result in a hefty financial gain. Depending on the project scale, construction may take up to 24 months, with the purchase price usually spread across monthly installments after an initial deposit.

    Although off-plan properties have a longer completion time that could be disadvantageous for those needing immediate use, their affordability compared to resale or new properties justifies the patience investors need to exert. This is especially true given the financial benefits reaped.

    Off-plan properties are prevalent in emerging tourist areas. As these places start to see an influx in commerce and tourist flow, low property price rates make it a highly valuable investment opportunity. With the purchase prices being economical, they offer a potential for significant profit in terms of rental, future sale, and other possibilities.

  • Safeguard Your Assets Through Private Banking

    Safeguard Your Assets Through Private Banking

    Safeguard Your Assets Through Private Banking

    As a person with significant wealth, you need more than an ordinary financial institution for wealth management. Your wealth results from years of hard work, and it’s only sensible to involve a reputable private bank in Illinois in managing and growing it. Private banks offer services tailored specifically for high net worth individuals such as you, offering a variety of wealth and asset management tools. These tools empower you to design a financial plan to grow and oversee your wealth as you please.

    WHY CHOOSE PRIVATE BANKING?

    Naturally, your wealth affords you many options, including spending or investing your money to fulfill your dream life without fearing bankruptcy. Rubbing shoulders with fellow high net worth individuals in a private bank in Illinois is one of many reasons to trust your wealth to such institutions.

    Private banking benefits comprise:

    1. More experienced financial advisors in managing your type of assets.
    2. Access to diverse investment opportunities.
    3. Ease in diversifying your portfolio.
    4. Greater control over wealth management.
    5. Premium quality services.
    6. Higher investment returns.
    7. One-stop financial solutions.
    8. Exclusivity and privacy.
    9. Easy access to advisors and services.

    These benefits are just the tip of the iceberg compared to what you stand to gain as a member of a private bank in Illinois. The benefits you’ll experience depend on your specific needs and goals.

    A DEEP DIVE INTO THE EXPERIENCE, ACCESSIBILITY AND CONVENIENCE OF PRIVATE BANKING

    Even though private banks tend to have higher fees, the exceptional returns on investments make the costs negligible. Bear in mind that private banks operate differently from public ones.

    One of the key strategies to further increase your wealth involves creating multiple income streams. Private banks’ financial advisors are well-versed in both high-return investment opportunities and undiscovered prospects. They can steer you clear of common stumbling blocks encountered when seeking to diversify income. They ensure your assets are managed in a way that aligns with your lifestyle, interests, and ambitions. These priceless services are of considerable appeal to high net worth individuals aiming for long-term sustainability in their finances.

    Remember, just as you wouldn’t hurriedly purchase a luxury car like a Maserati without proper research, you shouldn’t hastily entrust your financial resources to an institution without a proven record of successfully managing the wealth of high net worth individuals, as seen on SmartAsset.com.

  • First Church of Cannabis Might Permit Legal Cannabis Consumption

    First Church of Cannabis Might Permit Legal Cannabis Consumption

    First Church of Cannabis Might Permit Legal Cannabis Consumption

    A newly established church in Indiana emphasizes the use of marijuana and its derivative, kratom. It has attracted a significant number of people who have purchased kratom in capsule form and sourced high-quality marijuana grinders for use during church gatherings.
    Recently, the Indianapolis-based church received notice from the Internal Revenue Service that it had been accorded tax-exempt status under section 501(c)(3) of the tax code – a provision for nonprofit organizations. This means that the First Church of Cannabis will be treated as a public charity, benefiting from federal income tax exemption. It will also allow its donors to claim deductions for their financial contributions.
    For more information, visit CBS Money Watch.
    Photo Credit: Pixabay

  • 3 Aspects to Consider When Choosing Your Next Bank

    3 Aspects to Consider When Choosing Your Next Bank

    3 Aspects to Consider When Choosing Your Next Bank

    The task of scrutinizing a bank might seem challenging, but in reality, there are just three aspects to consider before deciding on a new financial institution. Since modern banking started in 1865, over 17,300 banks have failed. To prevent investing in banks that could follow this pattern, investors are advised to solely concentrate on establishments with a track record of efficient operations and mindful risk management.

    Hence, the first figure investors must observe while evaluating a bank’s stock is the institution’s lowest yearly return on equity since 2008. Should this number be in the negative, it’s a definite red flag that long-term investors should sidestep the bank entirely.

    Discover more about which factors to scrutinize when determining your next banking choice at The Motley Fool.

    Photo by: J J
    SmartAsset.com

  • Stay alert to the choices being made

    Stay alert to the choices being made

    Stay alert to the choices being made

    Solicitors are legal professionals who provide case advice and preparation to clients for representation by barristers in superior courts. It is critical that these individuals are reliable and knowledgeable about their professional responsibilities to avoid making errors or poor choices that could lead to significant financial loss for their clients. In cases of mismanagement, clients have a right to seek legal redress, including the option of suing their solicitor. This may be a lengthy process, but if handled properly, the likelihood of a successful outcome increases.

    Bolt Burdon Kemp is a firm that specializes in managing such cases, boasting a team of highly skilled professionals. They are committed to delivering exceptional services to all clients promptly. If a case has merit, BBK offers a no-win-no-fee arrangement, ensuring that clients do not owe any fees unless their claim is successful. The company only receives payment after a verdict has been delivered in the client’s favor. Until then, they make no profit.

    When making a professional negligence claim, it is advisable to solicit legal aid to ensure all supporting documentation is correctly filed with the court. Failure to do this may result in unsuccessful outcomes, leading to wasted time and financial resources, which no client wants in such circumstances.

    A common issue seen when clients do not comprehensively understand their contract terms is rate swapping. Typically, this refers to a situation where clients, whether individuals or smaller companies, borrow a certain money sum, like from a bank, without knowing the possible changes in their interest rate. This could lead to them having to pay significantly more back to the lender than initially anticipated. Clients may find themselves in this position because they unknowingly agreed to such terms when signing their loan contract. Dealing with mis-sold interest rate swaps can be difficult, and it’s crucial to seek legal action promptly if one suspects they are a victim.

  • Evaluating Real Estate: The Property Value of $225K

    Evaluating Real Estate: The Property Value of $225K

    Evaluating Real Estate: The Property Value of $225K

    Living costs can fluctuate noticeably from one region to another in the United States. In certain places, an elegant multi-bedroom house may cost merely $225,000. Meanwhile, in other areas, a simple one-bedroom apartment could stretch beyond your budget.

    Fortunately, at least ten metropolitan areas in the U.S. offer homes priced under $225,000 that can comfortably fit a growing family, without compromising on aesthetics and style.

    The MSN Money article showcases homes with a price tag of $225,000 or less, featuring a minimum of three bedrooms. The styles vary widely from ranch and craftsman to modern and traditional.

    Discover more about what a budget of $225,000 can get you in ten unique metropolitan areas on MSN Money.

    Photo provided by Cindy Cornett Seigle

  • Enhanced Life Insurance Options for the Elderly

    Enhanced Life Insurance Options for the Elderly

    Enhanced Life Insurance Options for the Elderly

    Imagine a solution for the impending retirement challenge as the Baby Boomer generation reaches 65? In 2013, a massive $639-billion worth of life insurance benefits were abandoned or given up, and an incredible 88% of Universal Life policies were likewise relinquished before being claimed. As quoted by The Wall Street Journal, one could “…Sell the policy in the life-insurance secondary market… a professional investor will compensate upfront for the rights to the future death benefit.”

    By preventing losses related to life insurance, seniors stand to gain at least eight times more than what insurance companies offer as surrender value. This could provide them with financial stability and additional income for maintaining their lifestyle, affording medical care, and even enjoying holidays.

    The U.S. Supreme Court decreed that life insurance is an asset which can be transacted like any commodity. With approximately 92 million people predicted to cross the age of 65 by 2060, a fresh and more promising retirement scenario is emerging. Selling their life insurance could be a route for many seniors to gain the financial independence they need for a secure, satisfying life.