5 Reasons to Take Out a Life Insurance Policy

Life insurance is one of those things that everyone knows they need, but most put off getting, thinking they are young and healthy and don’t need to worry about it just yet.  For many families, this is a huge mistake, especially if you will be unable to sustain your current lifestyle with one less wage coming in.  In this article, we explain five reasons why life insurance is important.

1. Financial Security

Life insurance acts as a form of financial security for your loved ones should you pass away.  While you may be young and healthy at the moment, accidents do happen and in the worst-case scenario, isn’t it better that your family is taken care of financially?  This is especially important if your family relies on your income to survive.  Most life insurance policies pay out upon death, ensuring that your family is still able to pay the rent/mortgage and bills while they grieve.

2. To Cover Funeral Expenses

Even basic funeral services can cost several thousand dollars and most families don’t have this amount of money set aside.  While it is possible to pay in advance for your funeral, if you’re still young, this is probably something you don’t want to consider just yet.  Plus, there are risks involved with pre-paying for a funeral.  Life insurance gives you more of a guarantee that there will be funds available should the worst happen.  This will lift a burden off your family when they need it most.

3. Pay Off Debt

Not all debts are erased when you die, and this is especially true of any debts you may share with someone else, such as your mortgage.  Rather than letting your spouse take full responsibility for debts that they are unable to afford, take out a life insurance policy.  You can set up your policy to cover all of your outstanding debts, so that they are cleared in full upon your death.  The last thing your family needs while grieving is to be dealing with creditors and collection agencies.

4. Business Planning

If you run a business, life insurance is a necessity and not something that is optional.  This is especially true if you run a partnership, as both partners need a policy to ensure the other isn’t left holding all of the financial responsibilities of the company should a death occur.  Life insurance will help ensure that the business continues after your death and that none of your hard work goes to waste due to financial troubles.

5. To Cover Estate Taxes

Finally, if you plan to pass your estate to loved ones after your death, in some countries, they will have to pay a certain amount of tax on the assets they receive.  In some cases, this may mean they end up having to sell your assets in order to pay the fees.  A life insurance policy can help ensure this doesn’t happen by paying out a set amount that will cover any taxes that are due.

If you’ve been wondering whether life insurance is important, hopefully, this article has shown you that it is.

Take a Load Off Your Move

Moving can be stressful even if you are organized and have all the time in the world to do it. In most cases, you simply do not have the time to get everything ready, organized, and color-coded and you typically need to be out by a certain time which never seems to be enough time. Moving a great distance adds to the stress as it is taxing on everyone involved and it also takes longer to complete your move. Hiring a moving company such as Allied Van Lines to handle the heavy moving can be a huge burden lifted and also frees you up so you can spend your time doing other important tasks such as getting your mail switched over and hooking up utilities.

Save Money By Hiring Help

There are many benefits to hiring a moving company. By hiring someone else to move for you, you can actually save money because you don’t have to spend more money on gas to make multiple trips if you are moving your belongings in your personal vehicle. You also don’t have to spend money on extras such as packing supplies because they are normally included with your moving package. You also don’t have to hire a moving van and movers to move large items. You don’t have to take as much time off of work to mover everything on your own, and you don’t have to pay for a sitter if you have small children. You also avoid getting hurt by pulling something or getting hurt in another way so you won’t have downtime where you can’t work.

Cover Your Assets

You also most likely will have some sort of insurance in case something gets broken. A moving company has trained and experienced movers on their team so they will know how to pack items to make the most use of the space in the truck as well as in a way that your belongings will not get broken or crushed.

Hiring a moving company to get you moved across the country is the smartest way to move. Another great plus to hiring a moving company is that you don’t have to navigate a new are or even worse, with a large moving truck.

Get Organized

Another way to make your move much less stressful is to take a few minutes to get organized. It doesn’t have to take a lot of time, but you should at least make a master copy of your belongings so that you can find your belongings more easily once you get moved. Label each box to its corresponding room such as “kitchen,” or “bedroom.” This will also help your movers know where to put the boxes and helps to speed things up. You should also pack items that you will need as soon as you get to your new home in your personal vehicle. In order to save time when unpacking, you should try to keep things together that are the same. For instance, you should keep all of your books together and other similar items together. Moving is time-consuming as it is so wherever you can make it go a little easier you should take advantage of it.

Get Rid of Unwanted Clutter

Moving is also a great time to get rid of items that you simply no longer need or want. Even if you don’t have a lot of time to sort through things you can still get rid of many obvious things that you no longer need such as clothes that don’t fit or toys that your children no longer use. Doing this will give you more room for the things that you really want to keep. Plus, you will have less to unpack once you get moved to your new place.

Moving does not have to be a big headache. If you take a moment to collect yourself and to throw some labels on the boxes, it will go much smoother and you will not have to stress out as much. Moving takes some planning and thinking ahead, but it doesn’t have to be frustrating or exhausting. Be sure also to keep a planner handy so that you can jot down all the things you need to do.

4 Tips to Avoiding Foreclosure

Foreclosure is one of the most painful things that any homeowner can go through. Not only does it lead to mental and emotional trauma, but it can also lead to even more financial pain. That’s because, in the unfortunate event that your home doesn’t cover what you owe, the lender has the option to legally pursue you for the balance. As such, it is important to find ways of avoiding foreclosure by all means. To help homeowners avoid this painful process, here are 4 tips to avoiding foreclosure.

  1.    Contact the lender and renegotiate your mortgage terms

As a borrower, you need to understand that the lender has no interest in your home. In fact, foreclosure is an extra cost for them, since they have to sell it, in order to recover their money. As such, lenders try and avoid this scenario as much as possible, and always present struggling homeowners with options. Therefore, if you want to avoid foreclosure, get in touch with the lender as soon as you start facing financial difficulties. The lender should be in a position to give you more flexible terms that can help you keep your home, in spite of your financial challenges.

  1.   Know your legal standing in a foreclosure case

Sometimes people lose their homes simply because they don’t understand the fine print of their mortgage contracts, or the foreclosure laws of their state. To avoid getting foreclosed on due to a poor understanding of your rights, get the services of a good lawyer. A lawyer can help avoid foreclosure by enlightening you about your rights, and how to exercise them. For instance, in Pennsylvania, homeowners have the option to seek State assistance through HEMAP. A lawyer can help you determine whether you qualify for this program, and also help you apply for it.

  1.   Repurpose your budget and focus on the mortgage

Sometimes, inability to keep up with mortgage payments is due poor budgeting. Relook at your budget and get rid of unnecessary expenses. For instance, you can get rid of cable T.V, and eat out less. There are many other unnecessary luxuries you can reduce on, and get back on track with your mortgage. It may be painful to miss out on some of these conveniences in the short-term, but it is worth it in the long haul. You will keep your home, which is an appreciating asset that you can sell for a good profit in the future.

  1.    Try and earn more

To avoid the pain of foreclosure, try your best to earn more. One of the best ways to do this is to find a second job. You may also start a business on the side to help boost your income. Most importantly, you may enroll in online classes and learn some new skills. These skills can help you earn more from your current line of work.  These are some of the ways that you can earn more, and improve your chances of keeping your home. It’s tiring, but it is definitely worth it.

Travel and Save: 4 Ways How to Save Money on Vacation and Have the Time of Your Life

The powers of traveling are well-documented: Broadens your horizons, enhances your peace of mind, boosts your confidence, and, of course, helps you have fun.

However, not many people are reaping these benefits. In fact, 76 percent of Americans wish they’d travel more frequently than they currently do, but a lack of finances stands in their way.

If you’re among these people, we’ve some good news.

You don’t need boatloads of money to hit the road or take to the skies as often as you want. With savvy planning and a good grasp of how to save money on vacation, you’re in for great fun.

Read to learn more!

1. Choose Your Destinations Wisely

We get it: everyone wants to vacation in exotic destinations in the far-flung islands. Unfortunately, such vacations don’t come on the cheap.

But vacation fun isn’t exclusive to exotic destinations. There are several low-cost destinations that offer a similar or even better vacationing experience. Sometimes you don’t even to travel beyond your state or country to have a great time.

As such, the first step to saving money for travel is to choose your destination with your finances in mind. When your bank account isn’t well endowed, it’s advisable to skip those expensive tourist destinations.

2. Know the Most Economical Time to Visit

It’s not enough to identify destinations that are within your financial range. You should also research and establish the most economical times to visit.

Most tourist destination spots have peak seasons and off-seasons. Peak season is when everyone is visiting and off-season means the place isn’t receiving a lot of visitors.

During an off-season is the best time to visit when you’ve one eye on saving money. Airfares are usually dirt cheap, as is the cost of local accommodation, tour packages, and whatnot.

Sure, you may have to bear with bad weather, but it shouldn’t stop you from sightseeing and making the most of what the location has to offer.

3. Don’t Stop Hunting for Vacation Deals

A common mistake travelers make is downing their deal hunting tools once they get to their vacation destinations. Big mistake.

Vacation deals aren’t only offered before you travel. They are always available throughout the year, you just need to know where to look.

Once you’re on vacation, use your free time to scour the local travel sites and find whether they’re offering any tour deals and package specials. You could land a good sightseeing coupon or a cheap pass to the local theaters.

The discounts might seem insignificant, but once they start adding up you’ll have real change in your pockets.

4. Prioritize Making Cash Payments

Paying for goods and services in cash while on vacation (especially in a foreign country) isn’t a welcome idea for most tourists. From the hassle involved in converting your money to the local currency and the mental math you’ve to do before making a payment, cash can be a pain in the ass.

Thank heavens for credit and debit cards.

However, cards can be a booby trap. Swipe here, swipe there and you risk losing track of your expenditure and burning through your money in record time.

On the hand, cash keeps you focused. You feel the loss as it leaves your pockets, so you’re unlikely to stray from your budget.

Learn How to Save Money on Vacation and Have a Blast

Vacations are a good way to take a break from work or school and unwind while creating lasting memories. But a lack of money or the prospect of racking up huge bills can put a real damper on your experience.

Well, that shouldn’t be a problem. We’ve taught you how to save money on vacation, so your job now is to put our advice into practice.

Bon voyage, and don’t forget to explore our site for more travel and lifestyle tips.

3 Tips to Choosing a Builder to Build your New Home

Building New Homes in Delaware could be a challenging feat if you don’t know where to start. Now that you’ve pinned the perfect location to build your home, the next thing you want is to actually turn that dream into a reality. Choosing a builder to entrust with constructing your home is not an easy job. There are several things you want to consider in order to make the most out of your options and your money. Surely the local home building industry in Delaware is very lush. You will be greeted with so many credible options and it’s up to you to select which contractor is a good fit for you and your new home. If you’re unsure how to look for the best one, here are 3 tips you should know:

  1. Check for quality of work

Building a home is a big project. It’s a special place where you and your family will enjoy for the years to come. As such, you want to make sure to get a builder with a track record of delivering high quality home projects. Quality of work should be your first priority when looking for a builder.

Look at their work history and take a tour of their past projects. Check for references and feedback. If they have a social media page, you can scoop out relevant feedback information there. Check if any of their past works strikes you positively, as it’s also important to see if your build ideas are in agreement with each other.

 

An important aspect in a home’s longevity is the strength of its foundation. That said, you should also ask for the type of products and materials your builder uses. You want to make sure your home will be built from the strongest materials you can afford. High quality materials should be the base of everything in your home, from the foundation, to the beams, and even the counter tops.

  1. Find someone you can connect with

Easy communication is a vital part of your relationship with your builder. Being able to communicate freely to your contractor makes it easier for your explain the things you want for your home. You should be able to understand each other at a level that’s almost casual, so that you can be candid and honest about any feedback you want to say. Meeting someone whose communication style is in sync with yours is a big plus in furthering the deal.

No matter how much you like your contractor’s portfolio, if you can’t agree on something verbally, you’ll be having a hard time communicating with them in the future.

  1. Be transparent

Transparency is key in any fruitful relationship. Especially with choosing a builder, being honest and transparent in every detail of the building project ensures quality all throughout. The best builders out there are very honest and would happily answer any of your concerns about the project. They will give you a workable timeline, and a budget breakdown that’s detailed to the last cent. They will disclose every material they use, the manufacturer they got it from, including any warranty coverage. If you find someone who has trouble explaining the trivial details of a building project, steer clear of them.

5 Online Tools to Help You Spend Less and Save More

Earning enough money to maintain the lifestyle you’d like can be difficult. While you might dream of the occasional vacation that allows you to relax away from your usual busy life, reoccurring bills, medical expenses, or even the infrequent emergency financial matter can become a severe barrier. However, you can overcome all this by finding ways to spend less and save more.

Nowadays, as technology evolves quickly, you’ll find that there are many more options out there to help you change you save money, including these helpful online tools.

  1. Honey

You may have heard how useful coupons and discounts can be at saving you from worrying about the full price for items. But they can be a bit tricky to find and usually involve a fair bit of time combing through website forums, newspapers, and sales flyers. Honey offers you a way to avoid this hassle. A free browser extension, Honey helps you save money while shopping by allowing you to find and apply some of the best coupon and discount codes to online stores.

  1. RX Connected

If you happen to deal with a number of prescriptions, you may find that your medical expenses end up accumulating more than you’d like. And if that’s the case, you might want to consider a resource like RX Connected. As an international and Canadian pharmacy referral and administration service, RX Connected can help you get in touch with the appropriate licensed international and Canadian pharmacies that are able to provide prescriptions at much more affordable prices.

  1. Hopper

For those of you who already have a vacation in mind but have yet to plan it due to pricing concerns, you can check out Hopper. This online tool will predict travel prices for hotels and flights with near-spotless accuracy, giving you the chance to book your travel destination at the right time, at the right price.

  1. Acorns

Investing your money can seem daunting, but it can also give you the chance to earn more while spending less. One of the easiest ways to do this can be through a micro-investing account on Acorns. This account can be easily set up and allows you to invest spare change into stocks, growing your financial portfolio and wealth without costing you minimums or trade fees.

  1. Goodbudget

Managing all of your spending and budget needs is no easy task. Without even noticing it, you might accidentally overspend in one area and leave yourself with no financial wiggle room. To help you keep on top of your monetary matters, you can turn to Goodbudget, which is a virtual budget program. You can sync all your bank accounts, credit cards, and transactions to this program so that you know exactly what you can actually spend and what you should be setting aside.

Whatever your financial situation happens to be, you’ll find that these online tools can help you keep the most of your hard-earned money while spending less on expenses.

4 Things You Should Do If You Are Facing Foreclosure

Foreclosure occurs when a lender repossesses your home because of unpaid mortgage. Going into foreclosure is scary. However, receiving a notice of delinquency does not mean that you automatically lose your home. Most lending institutions offer a 15-day grace period that may or may not have a late fee attached. If you fail to pay for your mortgage for 90 days, the foreclosure process will begin. Nevertheless, there are steps you can take to slow down the foreclosure process and get back on track. Keep reading to learn about four things you should do if you are facing foreclosure.

  1. Educate Yourself

The first thing to do is to educate yourself on what is happening. Read over everything you have received from the lender, including your mortgage. Most initial notices come with information on ways to prevent foreclosure. The second mail will contain essential warnings about the foreclosure and pending legal actions. No matter the report, it is advisable to stay informed. Educate yourself on how your state handles foreclosure. In some states, the lender must file a lawsuit against you before proceeding with the process. In others, trials are not a requirement. This information will help you figure out the amount of time you have to find a solution.

  1. Contact a HUD-approved Housing Counselor

If you need help figuring out your next move, you can opt to speak with a HUD-approved housing counselor. These federally funded agencies work with lenders to secure affordable repayment options for struggling homeowners. The counselor will look at the specifics of your situation and help you figure out your options. Make sure you work with a free counselor since some may be frauds looking to take advantage of those in tough situations.

  1. Make a Short Sale

If you do not see yourself being able to repay your dues even with a repayment plan, consider making a short sale. Some companies such as sell house fast Oklahoma will help you with your short sale. You have to ask your lender for permission since they have to agree to settle for less than the home is worth. The bank is also in charge of choosing which offer to accept. In this case, you will ultimately lose your home, but without a foreclosure or its repercussions on your record.

  1. File for Bankruptcy

If you are thinking of this option, it is important to note that filing for bankruptcy will affect your credit extremely negatively. However, it can be your only solution toward delaying foreclosure while reducing or eliminating your debt. The moment you file for bankruptcy, an “automatic stay” is imposed on your assets. This imposition inhibits collections and temporarily halts the foreclosure process.  There are two types of bankruptcy: Chapter 7 and Chapter 13. The kind you file for depends on how much income you have. Chapter 7 will wipe out your debt by allowing a court-appointed trustee to sell off any of your non-exempt property to pay back creditors. Chapter 13 will enable you to keep your property. However, you have to create a repayment plan to clear your debt. Either one will give you time to figure out the way forward.

Now you have the best alternatives if you find yourself in this challenging situation.  

Braving the Storm: 4 Steps to Handling a Medical Emergency

More than 7 million people find themselves in Australia’s hospital emergency departments each year based on a recent report from the Australian Institute of Health and Welfare. These visits stem from a wide range of issues, some of the most common being vehicle accidents, on-the-job injuries, heart attacks and complications from long-running health conditions. While hospital staff members are trained to handle these situations, the average citizen isn’t typically equipped to deal with sudden and urgent medical needs.

How to Handle a Medical Emergency

When it comes to health scares, panic tends to be most people’s first reaction. This is especially true if a close friend or family member is the victim. Responses like these often come from a fear of the unknown combined with a natural surge in adrenaline, and they rarely generate positive outcomes. With a few simple measures, you can be more prepared for a medical emergency.

1) Know What to Look out for

Sudden medical issues come in a number of forms; of course, not all of them are truly emergencies. According to a recently published breakdown of the situation, certain problems are clear indications of the need for immediate medical attention.

A severe headache, extreme weakness, numbness, vision difficulties, dizziness, confusion, and trouble speaking could all be symptoms of issues or injuries of the brain. Chest and/or arm pain accompanied by weakness, lightheadedness, and shortness of breath may be warning signs of heart-related problems. Emphysema, COPD, chronic asthma attacks and anaphylactic allergic reactions are characterized by respiratory distress and potential loss of consciousness.

All these situations as well as choking and severe bleeding are considered serious emergencies. They should always be tended to promptly by qualified medical personnel.

2) Call for Help

Anytime someone appears to be in need of medical assistance, it’s better to be safe than sorry. This rule of thumb applies whether a complete stranger collapses before your eyes at the supermarket or a family member chokes on a bit of food at the dinner table. Never be afraid to enlist assistance. As noted in a related health guide, dialing 1234 will place you in touch with an operator who can offer help, and local police department numbers should be kept on speed dial just in case. To contact an ambulance dispatcher, dial 000.

3) Learn the Basics

Ambulances aren’t always just a few seconds away, and every moment is critical in an emergency scenario. Being able to jump in and offer assistance on your own is a valuable asset. Consider taking an emergency response course to learn how to handle choking, stop or slow serious bleeding, administer CPR and operate an AED among other basic procedures. These classes are readily available at a number of educational facilities, and some of them are offered at low or no cost to those interested.

4) Consider the Financial Aspects

Emergencies come at a price from a number of angles. Though getting medical attention as quickly as possible is crucial in times of need, the financial aspect can’t be ignored. Insurance doesn’t necessarily cover everything, and it can be a bit out of budget’s reach for many.

Analysts recommend having at least a few hundred dollars set aside for unexpected expenses; of course, we all know that isn’t always possible. When you or someone in your household faces an emergency or even a less critical medical need, you may need to get cash instantly or as quickly as humanly possible. Loans are available for just such instances.

Conclusion

Although it’s virtually impossible to be prepared for every sudden and immediate medical need, these four points can certainly help. Knowing how to determine whether a situation is a true emergency, who to turn to for medical and financial assistance and how to productively step in on your own is incredibly empowering. More importantly, these elements can help save lives.