Buying Life insurance policy at early stage of life is always beneficial. We can consider life insurance as one of the smartest investment choice to safeguard the future the family of the insured. A life insurance policy can be states as a perfect blend of risk cover, tax benefits and return. A life insurance policy not only provides life protection to the insured but it also has many add-on benefits in its bucket. By investing in some of the best life insurance policies, you can secure the future of the loved ones and build a strong financial future. Further in this article we … [Read more...]
When It Might Be Time for a Debt Management Plan
I don’t know what it is, but people get themselves into debt for all kinds of reasons. You can fill in the blank with the reason why. Sometimes, life gets in the way and people get off track. No matter what the excuse is, one thing is for sure: You always have to pay it back! And this is where most people struggle. For some, the idea of being debt free seems more like an impossible dream. But you should remember: As long as you’re earning income, you’ve got options. The Do It Yourself Approach: The simple solution to getting out of debt is to not spend so much! Simply put: … [Read more...]
Easy Ways To Save Money On a Monthly Basis
Are there any easy ways to save money on a monthly basis? Looking for different savings options is often a priority for both the financially independent, as well as for those living paycheck to paycheck. Some ways to save are downright obvious. Cook at home to avoid spending on restaurants or turn off the lights if you're not in the room. Other times though, saving money doesn't come easy. And the reasons vary from household to household. Lack of financial education is clearly a good explanation as to why many have no idea how to save on a regular basis. Being in debt often … [Read more...]
Why ETFs are Better Than Mutual Funds
A common question many investors ask is which is better – ETFs or mutual funds? Both are great tools for investors who don't want to invest solely in individual stocks but still be in the stock market. When you look at how much investors have in mutual funds vs. ETFs you’d think the former would be better. In fact, ETF holdings pale in comparison to their mutual fund brethren with ETFs totaling roughly $2 trillion in assets vs. $15 trillion in mutual funds. That being said, ETFs – the relative newcomer on the block beat out mutual funds in most instances. If you're considering investing in … [Read more...]
How to Balance Your Budget in 5 Easy Steps
Trying to save money for your financial goals and pay all of your bills on time can feel like you're walking a tightrope with big weights on either arm, ready to pull you down. The more you spend beyond your means, the harder it will be for you to keep track of your expenses and reduce your risk of unnecessary debt. While it's tempting to keep pushing forward and ignoring the issues that could be causing your budget to fail, it's far more valuable to sit down and address your money worries before they become overwhelming. Balancing your budget will give you the freedom and confidence you … [Read more...]
How Much Do I Need to Retire at 55 and Never Worry About Money Again?
For many people, the thought of being able to retire at the age of 55 is very appealing. By this time, you have done most of the work of raising your family and gotten most of the successes you wanted to from your career, best of all, you’re still active and healthy enough to be able to enjoy most of your favorite leisure activities for years- possibly even decades. However, the truth is, taking retirement at the age of 55 is considered an early retirement. You’re still about seven years before you will even be able to collect partial retirement benefits. Retiring while you’re young- and … [Read more...]
How to Understand Stocks and Use Them to Make Money
Do you know how to understand stocks? Or do you feel like they’re completely impossible to even remotely understand? Here is a brief explanation: A stock is an investment in the equity of a company. When you purchase a stock, you become a shareholder. While you now own part of the company - no matter how small - you share in both the successes and the failures of the company. If you do them correctly, stock investments over the long term will substantially increase your overall personal wealth. However, it is necessary that you have a very good understanding of investing in stocks before … [Read more...]
What Features Should You Consider When Buying Auto Insurance?
Choosing the right auto insurance for your car isn’t exactly what most would consider fun or easy. There are countless options out there, and it can be overwhelming to have to choose between them. The right auto insurance for you and your situation may be very different from your neighbor down the street, so finding just the right fit is imperative to have the best coverage for peace of mind and for your wallet. While coverage choices are seemingly endless, there are several features that you should consider when buying auto insurance for your vehicle. Here are just a few of those many … [Read more...]
How to Maximize Your Entertainment Per Dollar Value
How much money do you spend to be entertained? You can quantify your experience by calculating something known as the “entertainment per dollar” ratio. This is the idea that takes the value of the item (or service), divides it by how long you’re into it, and presents a dollar amount for each hour you’re entertained. An example of this would be a $50 video game that stretches 20 hours thus making the entertainment per dollar at $2.50/hr. It’s a good way to save money on entertainment for several reasons. The main reason being that you’re hesitant from buying a product or service … [Read more...]
How to Save Money Effectively While at University
For students who are back to University after the Christmas break, money might be a little tight! The first term can be a very expensive one as students who are out on their own for the first time likely come across a variety of expenses they never saw coming. But that doesn’t mean they can’t get things back on track and learn how to save money effectively. Here’s a few tips that University students can follow to save a little cash: Insurance: What did you get for Christmas? That iPad mini you’ve been begging your parents for. Maybe a new laptop or TV? If that’s the case, … [Read more...]