Lifestyle Tips

10 Posts Back Home

If Cars Drive Themselves, What Does That Mean for Car Insurance?

Imagine it’s 2025. You’re phoning through the morning headlines while your autonomous vehicle navigates your 10-mile commute. Another self-driving vehicle owner is Snapchatting away in an oncoming lane, oblivious as you are. Wham. The two cars collide on an icy intersection. Who’s at fault? Most industry analysts say it’s the vehicle manufacturer, or possibly one of the technology companies that developed the various automated driving or safety features built into the car. In fact, in 2015, Google, Mercedes-Benz and Volvo all agreed to accept liability for accidents that occur when one of their vehicles is in autonomous mode. Taking Control of the Wheel If self-driving vehicles proliferate as predicted (analysts say they’ll be the norm in 2050), what will be the need for car insurance? After all, if your hands aren’t on the wheel and your foot isn’t on the gas or brake pedal, you’re no longer a driver, but…

College and Insurance: Insurance Entrance Exam for Kids on College Campuses

If you have a child living away at college, you’ve probably been through an extensive checklist in getting him or her prepared and moved to campus for the fall semester. Amid the flurry of planning and packing, have you thought about college and insurance? Although still your dependent, your child living away from home may have additional insurance needs to protect their belongings and their well-being. Consider these areas: Auto Insurance Fewer than half of college students have cars on campus, so if your child doesn’t have wheels, let your carrier know. Your student may be eligible for a “distant driver” discount, especially if the college is more than 100 miles from home. The discount may be as high as 20 percent. Keep your child on your auto insurance policy so coverage continues during school breaks and visits home. If your child does have a car on campus, report this…

How To Choose Your Next Credit Card

Credit cards can be a powerful tool or a horrible crutch for your personal finances. To enjoy success with credit cards, account holders have to juggle balances, due dates, minimum payments, interest rates, and other aspects of the account. When managed poorly, credit cards can lower your credit score and lead to thousands of dollars in interest. But when used responsibly, they can improve your credit score while offering valuable rewards like cash back and free travel. Decide if Credit Cards are Right for You Before you worry about which credit card is best, look at your finances and try to understand if a new credit card makes sense for you in general. Based on your past spending habits and experience with credit cards, are you able to manage and track your credit responsibly? Do you always make on-time payments or have you missed a few in the past? This…

New Year’s Resolutions Busted? Shift Your Mindset for Success

Did you make up your mind that this was going to be the year you achieved all of your New Year’s Resolutions? If you are still committed to those goals, you have a reason to celebrate! Results from a University of Scranton study show that almost 50 percent of people give up on their resolutions by the end of March. And less than 10 percent of people actually meet their goals. Maybe we should just enjoy our New Year’s celebrations and skip making resolutions in the first place? Follow-up research revealed that after six months, people who make resolutions are 10 times more likely to keep them over those who skipped the resolutions and still attempted some kind of change. That’s a great reason not to give up on those resolutions just yet! Resolutions help us focus on improving key areas of our lives. It probably doesn’t surprise you that…

5 Important Money Lessons From Video Games

We get it. Personal finance can be a dry topic but financial savvy is important in achieving financial independence.  So if you are ready for a long nap when the talk of money or personal finance arises, you’ll be thrilled to know that video games have added an element of adventure and action to your personal accounting activities. What types of finance lessons can be learned from games today?  Lessons on how to manage money, business strategy, and other life and personal finance are just a few examples. So, the next time you pick up a video game for your kids, score one for yourself and battle to be crowned the ultimate king of financial savvy. Don’t Blow Your Money All on One Farm One of the first mobile games that almost every American has heard of is Farmville. While the game is not as popular as it once was,…

Everyone Needs To Know These Common Paycheck Deductions for Taxes and Insurance

Guess what? You’ve got three extra days to figure out your paycheck deductions and file your tax returns this year. Yup. Due to some magic in the calendar and “Emancipation Day”, tax day is Tuesday, April 18th. Taxes fund our military, the roads we travel on, they help support firefighters and law enforcement, along with myriad other benefits that we may take for granted.  Knowing that your hard earned money supports law enforcement and their family may make you feel good, but it doesn’t change the fact that you may still cringe from time to time when we see how much of your paycheck goes to taxes. A salary of $50,000 a year, paid every two weeks or 26 pay periods is $1,923.07 each paycheck, right? Wrong. Your gross pay is $1923.07, but that is the amount before a number of withholdings have been taken from your paycheck and you’re presented with…

The Starter Guide: Truths About Financial Advisors Everyone Should Know

As your finances become more complicated over time, it is common to need a little extra help managing your monthly cash flow, tending to various investments, and preparing for retirement. Schools do not teach about money, so there is no surprise that people just like you need regular help managing their money. If you think finding a financial advisor might be right for you, follow this guide to understand the many aspects of this important decision. Interview Several Financial Advisors At the start, you should plan to speak with multiple advisors before you pick the right one. You shouldn’t blindly trust the first person you meet with your money. Instead, take the time to meet with several financial advisors so you can understand their unique investment style and financial philosophies. Go into each interview with a list of questions and have a friendly discussion to learn more about their experience…

12 Savvy Solutions to Taming Your Vacation Budget

If you’re lucky, you’re reading this article on an island while rubbing on sunscreen and mulling over another strawberry daiquiri.  Most likely, you’re reading this in your living room, checking your Facebook page and wondering if a medium latte is really worth that extra 83 cents. Everyone deserves a vacation ―and you don’t have to break the bank to do it. The trick to sticking to and taming a vacation budget is to know how to make the most of your vacation dollars. If you’re trying to sneak in that much-needed vacation within the next few weeks, chances are your efforts to travel on a budget will be difficult to accomplish last minute. Fortunately, cheap flights abound, not all exotic destinations have 4 dollar signs next to their names, and options do exist for families if you plan early and are willing to be a little adventurous. Here are 12…

Financial Freedom: 4 Strategies to Be Debt Free in 2017

Will this be the year you experience debt freedom?  If you have debt, you probably made a New Year’s Resolution this year to work hard to get your debt under control. Think how wonderful it will be.  No more calls from creditors. Debt comes in many shapes and sizes so whether your debt is from credit cards, student loans, or anything else, these 4 strategies will help you tackle your debt and get it controlled once and for all. The Debt Avalanche The best way to get out of debt, according to math, is a strategy known as the “debt avalanche.” With a debt avalanche, you prioritize your debt by an interest rate. Each month, pay the minimum payment of every debt, but the one with the highest interest rate gets more. Put every extra dollar you have into that debt until it is paid off, then move on to…

Life Insurance: Living on the Edge Can Cost You

When it comes to your life insurance, living on the edge can cost you. In 2004, “Along Came Polly” starring Ben Stiller, was in theaters. Ben played  Reuben, a high-strung, by-the-book risk management analyst? One of Rueben’s  biggest clients constantly participated in high-risk hobbies.  Because Reuben assessed risk for a living, these hobbies made him sweat bullets. He understood, the higher the risk, the less likely there was going to be a policy that would protect his client. High-Risk Hobbies What you may deem as regular recreational activities or bucket list agendas may signal a red flag to life insurance companies and people like Reuben. What might be some red flags? For example, if you’re partaking in activities like rock climbing, skydiving or kayaking, you’re a riskier case than someone whose idea of a “rocking” weekend night is a game or two of Mexican Train at home. Also, because you’re riskier…

Navigate