New Year

7 Ways to Take Control of Your Finances Before the End of the Year

Did you know “saving [more] money” was one of the top three New Year’s resolutions in 2018? Chances are, it will rank among the top resolutions for 2019 as well. No matter how comfortable we are financially, most of us can do more with our money. If you’re among the many people considering a financial resolution in 2019, there are plenty of things you can do before the ball drops. Addressing your finances now to set yourself up for success in January. Here are seven things to consider doing right now: Check Your Credit Report You can check your credit report for free, with no penalty to your credit, once every 12 months. Take advantage! The end of the year is a great time to order a copy of your report from the three nationwide credit reporting companies. Get yours online at annualcreditreport.com (the only authorized website for the job,…

Start Your New Year With an Insurance Checkup

As January approaches, you may be thinking about New Year’s resolutions, usually centered on how to improve your life and the lives of those closest to you by making changes. When was the last time you thought about how well you are protected against an unfortunate turn of events? Insurance, even if you believe you have good coverage right now, is not a one-time, buy-it-and-forget-it product. The new year is the ideal time for an insurance checkup. Life events may change your insurance needs. It’s better to invest just a little time right now to review your coverage than to come up short when you face a critical need for coverage. Reviewing insurance policies probably doesn’t sound like a fun activity, but you have many solid reasons for settling in for a couple of hours of work. Consider the following: You may save money. If you purchased a policy several or…

Cleaning up Your Digital Footprint

For most people, the new year is an opportunity for a fresh start. While there certainly is no shortage of ways in which you can invite change into your life, there is a powerful, yet sometimes overlooked, way to put your best foot forward this year. Looking at your digital footprint can have a significant impact on your personal and professional relationships throughout the year. Why It Matters You have undoubtedly heard you never get a second chance to make a first impression. In today’s digital age, how you present yourself virtually can speak volumes before you even meet someone face-to-face. So what is doing all that talking? Your digital footprint. A digital footprint is comprised of all the tracks you make online. From social media postings to online shopping, your online history combines into a snapshot that tells the world about you as an internet user. Digital footprints are…

9 Questions to Ask Your Financial Advisor to Start the Year Off Right

The new year is a perfect time to review your finances. From your investments to your loans, it is important to check in, make sure everything is as you expect. January is a perfect time give your finances a good audit. While you are at it, the start of the year is a great time to check in with your financial advisor, if you have one. Schedule a quick call to get an update on your investments. Ask about your outlook for the next year and get answers to any questions about your investments. While you’re at it, you can ask your advisor these nine questions to ensure your money is on track to meet your financial goals. Are You a Fiduciary? A fiduciary is a financial advisor that is required to put your best interests ahead of their own. If you have a financial advisor, it should always be…

Questions to Ask When Considering Life Insurance

People often get nervous about shopping for life insurance because it seems complicated. That’s understandable. Sometimes it seems filing taxes may be easier than figuring insurance costs and policy plans. The good news is that there are a lot of sources for helpful tips out there to get you through the process, so do your research. Here are some essential questions you’ll need to consider: Do I Need a Life Insurance Policy? To start, ask yourself a couple questions. 1) Any chance that you’re going to die someday? 2) If you answered yes, are you single with no debts and no dependents? If there’s anyone whose day-to-day survival depends on your ability to earn a living, a life insurance policy should probably be on your to-do list. Even if you don’t have a pressing immediate need for it, the younger you are when you buy it, the lower your life insurance…

Changes in Daily Habits Can Produce Big Savings

You’ve survived the big spending season known as the holidays and may be dismayed at the state of your finances – credit card bills due, depleted funds in your savings account and a general feeling of being broke. Welcome to January. If you’re like many people who make New Year’s resolutions, you may be dreaming about ending the cycle of spending too much with a firm resolve to increase your savings. Take courage – it’s not as hard as you may think. Here are some practical tips on how to live on less and save more in 2018: Sign up for Free Customer Rewards Programs Plenty of retailers, online as well as actual stores, offer rewards for shopping at their business. These are discounts, rebates and special sales just for members of the club. The down side is having your inbox filled with offers, sometimes several times a week or…

Thank You for a Great Year

Thank you for following the SelectQuote blog this year. The goal is to provide you with informative, educational content to help you understand and make the most of your personal finances. As we turn to 2018, we’d love to hear from you about what you’d like to read about in the new year. Share your thoughts in the comments and maybe your idea will be turned into a blog post. Looking forward to a happy and prosperous 2018! ###

New Year's Resolutions: Money Edition

Less than half of New Year’s Resolutions last more than six months, even though most of them are designed to be longer-term improvements. Financial resolutions may fare even worse since it seems like there’s always some bill waiting to be paid, some upcharge that’s impossible to avoid, or some unexpected expense. But that doesn’t mean they’re not worth setting – or that they’re impossible to keep. Unlike some financial advice that’s specific only to certain age groups, income levels or life stages, these small financial resolutions are attainable, impactful and nearly universal: Download an Automated Savings App Apps like Acorns and Digit, pull small sums of money from your checking account on a regular basis and save them electronically. You probably aren’t going to get you rich this way, but you get in the habit of saving if you aren’t already. And it’s a great way to start an emergency…

Colorful Tidbits on the History of Toasting

Toasting — celebratory drinking combined with the speaking of blessings, sentiments, pledges or vows is an ancient tradition. In cultures all over the world, people drink together to celebrate meaningful moments, honor important people and establish bonds of friendship. Toasts are called toasts by us today because in ancient times it was the custom among the Greeks and Romans to float toasted bread in an oversized wine goblet that was shared among all the guests as an expression of sharing, friendship and trust. Even today we still call such oversized goblets a “loving cup”. A wish for good health for all assembled would be spoken and the communal cup pass to each guest for a hearty sip. After the guests, the cup was passed to the host, who would drain the dregs and eat the wine-soaked bread — the “toast” which was thought to be specially infused with blessings and…

5 Super Tips to Achieving New Year’s Resolutions Success

Ah, the excitement of a brand new year is upon us. You can feel and almost taste the change in the air. With a New Year comes the opportunity to once again select some of those all-important New Year’s resolutions. About every other person will make at least one resolution this next year, but how many of them will succeed? Studies show that roughly 77 percent of people can stick with their resolutions for the first week. The first week is all. But by weeks three and four, the numbers have dropped to 64 percent. They continue to fall even further by weeks five and six.  In fact, only 50 percent are still working towards their New Year’s resolutions at the three-month mark and just 46 percent at six months. So what’s the bright side you might ask? People who can stick with their resolutions by the six-month mark are 10…

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