Habits & Choices that are Burning a Hole in your Wallet

There is an old-fashioned phrase that typically goes, “nothing is ever free and everything has a price”. It seems a little harsh, but the reality is we have daily goings-on’s and habits that seem to be cost-free but are actually financially harmful. Ordinary habits like getting a coffee each day or smoking won’t be covered here because these are far too obvious.

We want to shed some light on daily habits and activities that people may not believe to be costly, but when looked at closely, really are. Here are some of the more unorthodox ways that you could be losing money in your day-to-day life. Continue reading

Keeping Your Money Safe While Traveling

Keeping Your Money Safe While Traveling

Planning a trip after months or years working without a proper vacation is an exciting time that gives any overworked person something exciting to look forward to. With all of the time and effort it can take to save up for and plan your getaway, the last thing you want to worry about is having your money stolen in a foreign country.

Whether you’re distracted by a famous landmark or are struggling to have a conversation with a local, there are plenty of opportunities for money to be taken from you. Having to deal with the authorities while on your vacation is not exactly relaxing so we’ve collected some tips here to help keep your money safe. Continue reading

4 Main Problems with Relying Solely on Employer Group Insurance

4 Main Problems with Relying Solely on Employer Group Insurance

The group life insurance plan provided by your employer is certainly a benefit that can be useful to you and your loved ones. Though it is incredibly helpful to have a plan from your place of work, it’s a mistake to solely rely on it for coverage. There are a number of important factors that you should be aware of when it comes to only having your work’s life insurance plan in place for your family’s protection.

This week, we’re taking a look at why your employee life insurance may seem like a quick and easy coverage option, but in reality, it won’t be enough. A majority of company policies are basic and limited leaving those who matter most under-protected when the need arises. Here are some reasons why it’s a good idea to get more coverage for yourself. Continue reading

What to Expect From an Insurance Medical Exam and How to Properly Prepare for One

What to Expect From an Insurance Medical Exam and How to Properly Prepare for One

Medical exams and questionnaires are common practices insurers use to help determine the risk factor of a potential client. This important step in the insurance buying process is often what will determine if you will obtain a more or less affordable policy. By determining if you are more prone to illnesses like heart disease, stroke, and cancer, insurers can adjust the cost of a plan to fit the amount of risk they are willing to take to insure a client.

Today, we’re taking a look at some of the aspects of a typical medical exam you’d face as well as some steps to take before the examination date. By simply preparing ahead of time, you can ensure that you’ll have a good chance at getting the plan you want at an affordable price that works with your budget. Continue reading

What to do After Getting a Raise at Work

What to do After Getting a Raise at Work

Getting a raise from work is a great feeling that can offer comfort to any employee who may be concerned about their job. A raise is often a clear indicator that your performance hasn’t gone unnoticed and that your career security is at an all-time high. Now that you’re assured of what a great job you’re doing, what should you do with the extra cash in your pocket?

The increase in income can sometimes be a double-edged sword for some as it can lead to irresponsible spending. In order to take full advantage of your new-found salary increase, you have to start prioritizing your finances and making the right decisions after your raise. It doesn’t hurt to bask in your success a little bit, but not letting it cloud your decision making is just as important. Continue reading

4 Ways to Balance Your Holiday Spending Habits

4 Ways to Balance Your Holiday Spending Habits

November is coming to an end and it’s getting closer to that time again, time to loosen your grip on your wallet and start your holiday spending. But wait, do you really need to be going all out with your spending? The more you think about it, the more it starts to make sense, doesn’t it?

It can be incredibly easy to go nuts with spending during the holidays with the need to buy gifts and plan and prepare large meals! It’s not easy to refrain from going a little overboard during this time of year. But if you start planning now and take a step back before you head out to the mall you can minimize your debt and stay in the clear.

Here are some helpful holiday spending tips you can start practicing today to be prepared for the coming shopping craze. Continue reading

The Difficulties That Come with Letting Your Policy Lapse

The Difficulties That Come with Letting Your Policy Lapse

Letting a life insurance policy lapse can be a terrible financial decision to make. Yet it still happens fairly often as most people don’t seem to take paying the insurance bill seriously. It’s understandable that we can let things slip past us, but allowing your premium payment to go past its deadline is not at all advisable.

It’s easy to adopt the mindset that you can just get a new plan once the old one lapses, but it might not be as easy as you think. There are a number of situations that could unfold that will leave you high and dry without any life coverage. This week, we’re taking a look at the outcomes that can make your hunt for a new protection plan all the more difficult and expensive. Continue reading

4 Crucial Financial Steps to Take After an Engagement

4 Crucial Financial Steps to Take After an Engagement

Getting engaged is an exciting time filled with planning, visiting venues, and organizing guest lists. But there is one more step you and your new fiancé should be taking, preparing your finances together as a couple. With the joy and bliss that can come with newlywed life, many people forget that finances play a huge role in a steady and secure future.

During such a romantic time in your lives, it can seem a little boring and bland to be concerned with your financial health, but it is completely necessary. Don’t let the excitement get to you both and take the necessary steps to ensure that your family’s future is safeguarded by planning ahead.

This week, we’ve created a sound way to getting your young family to start off on the right financial foot. Continue reading

Alcoholism and its Affect on Life Insurance

Finding proper insurance coverage can be a time-consuming task that not everyone enjoys doing. But what if you suffered from alcoholism? In this case, the process becomes all the more daunting and frustrating. You are certainly right to worry about being accepted for coverage if you are an alcoholic, it’s something insurers will be looking at as they process your application.

The health risks you run while excessively drinking can disastrously affect your mortality, these are risks which your insurer does not want to deal with. If you abuse alcohol, the negative effects you will experience, such as liver damage, will cause you to face a denial or pay higher premiums. Whether you are currently struggling with alcoholism or are a recovering alcoholic, finding the best plan for you will require a lot of time and effort.

This week, Term Life Insurance is covering the effects alcohol can have on you and how that, in turn, affects your insurance application. Continue reading

4 Helpful Tips For First-Time Insurance Buyers

4 Helpful Tips For First-Time Insurance Buyers

Whether you’re young or old, buying life insurance isn’t the most relaxing time in a person’s life. From determining your coverage amount to the all-important search, you can face complications that will make first-time buyers uneasy. There are many factors you need to consider such as the type of insurance, additional riders, and the possible health questions and exams you need to complete. If you are a first-time buyer, this will be overwhelming.

But all is not lost because you do have some help. This week, we have gathered together some essential tips to help make your insurance buying experience easier. If you are a young man or woman just starting their professional career, we commend you on making a consideration not enough young people do. Buying life insurance is incredibly important and the sooner you start the better. So, if you are struggling to get a grip on the process here are some helpful guidelines to follow. Continue reading