Not too long ago I was speaking with someone who told me she got pulled over by a cop on her way to work.
Of course, I offered up the obligatory sympathy. “Bummer,” I said. “What did he write you up for?”
“Oh, I didn’t get a ticket,” she said matter-of-factly. “He clocked me doing 57 in a 45 zone, but he let me off with a warning.”
I couldn’t believe it. “He
Continue reading How Much Will a Ticket Raise Your Insurance Rates? It Depends!
While most people strive to keep their car insurance deductibles as low as possible, the downside is those deductibles result in higher premiums. But for folks who drive limited miles, safe motorists, and those who drive older vehicles that have lost most of their value, it usually makes sense to get the highest deductible one can reasonably afford. That’s because higher deductible policies offer lower premiums that, over time, can
Continue reading 100 Words On: When High Car Insurance Deductibles Make Sense
Those who fail to plan, plan to fail. And like it or not, planning for the unexpected by being properly insured is a big part of being financially responsible. That’s because people who try to save a few bucks by not buying insurance can quickly end up in severe financial distress if bad luck befalls them.
The trouble is, for a lot of folks, buying insurance can be a complicated endeavor.
Continue reading 18 Tips to Consider Before Buying Auto, Home & Life Insurance
Nobody likes a big mouth.
At least that’s what I used to think.
My teenage son, Matthew doesn’t have a big mouth — although I wish he did.
That’s because most big mouths have one particular virtue that makes the rest of us extremely envious: they usually get to keep their wisdom teeth. As a result, they — or their parents — also end up avoiding those dreaded dentist bills for their removal.
Continue reading The High Cost of Getting My Son’s Wisdom Teeth Removed
Smart financial planning involves taking the time to make sure that the family’s assets are maximized to their fullest extent and protected. One of the ways that you can make sure that your family is protected in the event of an emergency is by purchasing a life insurance policy. Life insurance will provide coverage and help to prevent financial hardship for the surviving family members.
Let’s take a look at the
Continue reading The Difference Between Whole and Term Life Insurance
For some people, it’s tough letting go. Of anything.
Take my wife, for instance; she saves everything.
The other day the Honeybee showed me her baseball ticket from our very first date way back on September 24, 1995.
And if I ever feel oddly compelled to scrutinize the birthday card I received from my mother-in-law in 1998, I can rest easy knowing that the Honeybee has it dutifully stored upstairs in our
Continue reading Year of the (Pack) Rat: 13 Vital Items to Keep in a Fireproof Safe
Everyday, people lose their jobs, become seriously ill, and suffer other hardships that strain their household finances. Even so, a sobering study by State Farm found that 55 percent of those surveyed don’t have a back-up plan for weathering a long-term financial crisis that may occur due to unexpected circumstances. I have three back-up plans: a) adequate life, health, home and auto insurance; b) an emergency fund with six months
Continue reading 100 Words On: The Importance of Having a Financial Back-Up Plan
The key difference between term and whole life insurance is simple. Term life pays the face amount of the policy in the event of your death, while whole life combines a term policy with an added investment component. Yes, whole life may sound like a better deal — the trouble is it’s the least cost-effective option because you end up paying for both the insurance and investment components.
Continue reading 100 Words On: The Trouble With Whole Life Insurance (vs. Term)
The conventional wisdom out there is that it’s rarely advantageous to consider an extended warranty unless it’s for an automobile.
Don’t believe it. The truth is, when it comes to extended warranties, things aren’t always quite so black and white. For example, it often makes sense to buy extended warranties for irreplaceable or low-reliability products. Likewise, they’re often a good idea for items that you know may be mishandled
Continue reading 100 Words On: Why Extended Warranties Sometimes Do Make Sense
It’s been said that if the palm of your right hand itches, you’ll soon be coming into money. On the other hand (seriously, no pun intended), it’s also been said that if your left palm itches you’ll soon be paying out money.
Don’t laugh. There are folks out there who actually believe this stuff.
What is funny though is if you do an internet search, you’ll find there is no consensus at
Continue reading 10 Old Wives’ Tales Masquerading As Financial Rules of Thumb