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Early and Consistent Saving Is Key to Paying for College

If you have a child, or are even thinking about starting a family, you may be wondering how to afford to raise and educate your son or daughter with the cost of living ever increasing. Thinking about financing an education for your children is the first step in securing their future. But act – don’t just think. Start a college savings plan right now, no matter the age of your children, or even if you are just in the family planning stage. The earlier you start, the better off you’ll be when it comes to paying for the astounding cost…

Should Women Save for Retirement Differently Than Men?

With cost of living outpacing salary growth and an ever-increasing average lifespan, saving enough for retirement is daunting for anyone. Women, in particular, face challenges on the road to retirement that men do not, which result in reduced quality of living during their later years. A survey by the Transamerica Center for Retirement Studies found only 12 percent of working women are “very confident” in their ability to retire comfortably. An additional 46 percent are “not too confident” or “not at all confident.” This lack of confidence is, unfortunately, warranted. The average Social Security benefit for women 65 and older…

3 Reasons Why Location Influences Home Insurance Rates

Location. Location. Location. We’ve all heard this common phrase in real estate and understand it can affect the market price of homes. What many don’t know is location also impacts home insurance rates. When determining your homeowners’ insurance rate, insurance companies take many factors into consideration. Each insurer has its own underwriting criteria and factors that influence rates. While some criteria are standard, some vary from one company to the next. For example, one insurer may prefer new construction. Another may choose not to insure homes built using certain materials, such as log homes. The insurer is assessing risk. Each…

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…

Estimate Your Income in Retirement Annually

Few people want to work forever, which means you will need savings. While every American is already saving some thanks to Social Security, you’ll likely need more if you want to maintain the same standard of living in retirement you enjoy today. And if you want to have a dream retirement, you’ll definitely need to make sure you save enough while you’re working to reach your goals. Start by estimating what you need and working backward to a savings rate. If that seems tricky, follow along with this guide and you’ll be on track to a great retirement. What You…

Holiday Shopping: Save or Splurge

So long, Black Friday. Sayonara, Cyber Monday. It’s the thick of the holiday shopping season. If all your gifts are bought, congratulations. If not, you have plenty of company to stress about buying, wrapping and delivering gifts for the next couple of weeks. With all the holiday hustle and bustle, you’re normal budget judgement may be compromised. So you have to ask yourself, is it worth it to drop the big bucks or is it better to go the frugal route. The answer should always depend on your budget, of course, and there is usually an emotional element at play…

15 Best Personal Finance Blogs and Podcasts

Every year, the Plutus Awards recognizes and honors the greatest personal finance blogs, podcasts and content creators in a variety of financial niches. These finalists were voted on by other financial bloggers, so you know they are top of the line. Consider adding these blogs and podcasts to your regular rotation. Each shares high quality, fun ways learn more about mastering your money. Well Kept Wallet Deacon Hayes is behind the blog of the year winner, Well Kept Wallet. The multi-author blog features resources on a wide range of topics to help people better manage their money, get out of…

Want Lower Car Insurance Premiums? Choose Your Car Carefully

Trying to crack the code on everything auto insurance companies look at when deciding what your premium will be is a little like trying beat search engine algorithms. Something you won’t be able to conquer over a weekend, that’s for sure. The good news, however, if you don’t need to consult a secret playbook to get a good rate. There are some things you can watch out for while shopping for a car that can help keep those premiums manageable. Here are the most important: Safety Safety ratings aren’t necessarily top-of-mind while car shopping, so you have to make sure…

Planning Ahead to Make Your Retirement Years Golden

What will your golden years look like? For many people, visions of cruises, beaches, golf courses and grandchildren fill their minds. People are much less likely to imagine the kind of long-term care that is necessary for many aging adults. While it may not be the blissful daydream of our imaginations, preparing for the possibility of long-term care is an important way to make the most of the golden years. Who Needs It Much like wills and life insurance, long-term care isn’t something that people enjoy thinking about. However, whether it is a parent, a spouse, a loved one, or…

What You Need to Know About Buying Life Insurance for Grandkids

Becoming a grandparent is an experience like no other. Grandparents are often eager to shower the newest apple of their eye with gifts. More than toys and clothes, grandparents can choose to gift whole life insurance to their grandchildren. It is the gift offering peace of mind and financial benefits throughout the child’s life. What Is Whole Life Insurance? Whole life insurance is a type of permanent life insurance that protects the individual for his or her entire life. As long as the premiums are paid, coverage continues. While the coverage amounts and premiums for whole life insurance can vary…

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