Many consumers immediately turn their attention to term life insurance when it comes time to buy coverage. There is one reason for this: cheaper premium payments. While there is a place and time to purchase term life insurance, you should not do this by default. There are many benefits associated with a whole life insurance policy, some of which could point you in this direction in the near future. If you are on the fence, don’t...
Has the time come to open your first bank account? Are you interested in opening another account with a bank you already do business with? Regardless of your situation, you need to be patient as you learn more about your many options. Assuming that one bank account is the same as the rest would be a big mistake. For example, there are many differences between a checking and savings account. The same holds true when you...
There are many benefits of saving money in an emergency fund, including the peace of mind this will bring to your financial situation. But here is the problem: it is not always easy to determine when you should use this money and when you should leave it be. To get on the right track, here are five questions to answer before using your emergency fund: 1. Is it an unexpected expense? It can’t be considered an...
This topic has been discussed time and time again, but now is the time of the year when it should really hit home. If you have a tax professional you trust, it won’t be long before you are scheduling an appointment and filing your final return. But what if you don’t have a tax professional? What if you need to make a change this year? With the filing deadline closing in quickly, you don’t want to...
Just the same as anybody with a budget, yours includes each and every utility that you pay. For most, this means gas, water, sewage, electric, and cable. While the cost of each can change by the month, often based on factors such as the weather, you have a basic idea of how much each expense will set you back. And then something happens. You get a crazy high bill in the mail and you wonder what’s...
Have you been thinking about purchasing life insurance for quite some time? Like many, you may realize this is a good idea. And like many, you may continue to put this off time and time again. Although this is a difficult decision to make for many reasons, including the fact that you have to think about your own death, it’s not a good idea to overlook the importance much longer. Here are three reasons to buy...
There are many benefits of creating a budget, including the fact that you know exactly how much you are spending every month. Taking this one step further, you will have a clear idea as to where your money is going. Conversely, there are times when a budget can cause more harm than good. If this concerns you, consider the following: • Inaccurate information. Your budget needs to be 100 percent accurate at all times. This may...
As a self employed professional, you realize how difficult it can be to work efficiently. There are many reasons for this, including the fact that you are no longer in a connected office with other people. While this is a big adjustment, the use of technology can work in your favor. This makes it easier to communicate with others, regardless of location. Furthermore, you can use technology to market your business, secure new clients, and manage...
Gaming consoles, smart watches, Wi-Fi enabled dolls and toys, fitness trackers, toys with microphones and cameras, TVs, laptops, and tablets were among this past holiday season’s hottest gifts, to the tune of roughly 34.2 billion dollars. The Consumer Electronics Association projected that 160 million of us would give high tech gadgets as gifts in 2015. And these gadgets, according to the anti-malware company Emsisoft, could turn out to be the gifts that keep on giving--but not...
Deciding to take a leap into the self employment pool may be one of the best decisions you ever make. Not only does it give you more control over your destiny, but it provides a high level of freedom. Just the same as any professional endeavor, you need to consider both the pros and cons. One of the biggest drawbacks is the lack of employer benefits. In other words, you have to account for these benefits...
