Many of you have been asking yourself.. should I rent or buy a home. For as long as I can remember the The American dream has always been to purchase a home. It just seems like a natural part of our life cycle. By purchasing a home it’s by far one of our biggest accomplishments. But is it?
Life insurance is important, most of know that but there are still many of us who don’t carry it. If you’ve been thinking about getting a life insurance policy or have a policy in effect, there are a few things you should avoid.
One being, why you shouldn’t carry life insurance with your employer.
You may be thinking…. it’s cheaper and you can get more coverage for less. This is true, but life insurance isn’t just about getting a low price. It’s about choosing the right plan, coverage and a company that will be there for your life and pay out the benefits when you need them.
Now, don’t get me wrong you can carry additional life insurance with your employer, but just don’t make it your primary.
Here are 3 Reasons Why You Shouldn’t Buy Life Insurance through your Employer.
1.) The rates go up each year as you get older. You’ll want to invest in a term life insurance policy instead, that way your rates don’t go up each year you get older.
2.) People switch jobs, get fired or laid off. If this happens to you, your policy will end too.
3.) If you suffer from an illness or become disabled working, your benefits may end. Most employers only have to keep you employed for a certain period of time. If you exhaust that time your employment can be terminated and now what? Your coverage will end and what if your illness is life threatening? Finding an insurance company to approve you now will be hard to come by.
Now that we’ve covered the reasons why you shouldn’t buy life insurance through your employer here are some suggestions to get you started on choosing a company that will work to get you the benefits you need.
For children: Give your children the protection they deserve with The Grow-Up® Plan from Gerber life Insurance! They offer low childhood premiums and you’ll get a Free Child ID Safety Card for your child.
For Active Duty Military families: Military.com – Life Insurance SGLI and VGLI May Not Be Enough. Both of these benefits cap out at $400k. If you are looking for more coverage to protect your family and connect with trusted Military.com partners to secure your financial future.
For Everyone: Lower Life Insurance. Lower Life Insurance allows users to input their info and get quotes from 4 major insurance companies, such as New York Life, Farmers, Metlife, and Liberty Mutual. You’ll be able to see who is offering the best rates without having to make several different phone calls.
There are so many risks you chance when you choose not to have life insurance and honestly that’s just dumb. You need to protect your family, stop thinking about it and get your life insurance started today.
How to have a successful yard sale. This may be something your are thinking of in order to pay off some of that holiday debt. Having a yard sale is a great way to make some extra money, so I put together 35 tips on how to have a successful yard sale.
- Advertise in your local newspaper and on Craigslist.
- Get Group Yard Sales together, especially with your neighbors. This will help attract more people and help save you the cut the cost with advertising.
- Takes some pictures of the items you are selling and provide a link in the ad of photos. You can use sharing sites like Photobucket, Flickr and so on.
- Make Lots of Signs. List Big Items on your signs, such as: Tools, Baby, Furniture etc..
- For your signs, use a bright background color and keep the colors consistent.
- Make Letter BIG! Stand across the room and make sure you can read it. Letters on your sign, should contain Big, Bold and Black lettering.
- Make a big sign that says You are Here!
- Have your yard sale around the 1st of the month.
- Consider the weather.
- Make your displays attractive as possible
- Try to get everything up off the ground.
- Group Like items together
- Hang up your clothes and make sure they are clean.
- Don’t have enough tables? Use totes and boxes as tables instead.
- Keep it simple, people don’t want to dig through a bunch of stuff.
- Place large items near the curb
- Color Code your pricing – Use plain dot stickers
- Don’t ask for a lot, people want deals, not somewhat reduced retail prices.
- Keep prices under 50% of retail.
- Create a price layout plan, so everyone helping out knows the prices.
- Have a least 2 people working at all times.
- Keep your money with you at all times.
- Don’t use a cash box.
- Run larger bills inside and place it in a safe place.
- Get lots of small bills and change.
- Don’t accept large bills such as $50’s and $100’s.
- Go with your gut feeling if a bill seems fishy.
- Don’t let people inside to use your bathroom.
- Save all of your grocery bags to use for the items you sell.
- Offer something free with purchase, such as balloons for the kids. You don’t need helium, just blow them up, the kids will love it.
- Have a free box to pick out items from. Spend $5 get 1 free item, Spend $10 and get 2 free items and so on.
- Offer fill a bag items. $5 to fill a bag. This will help you quickly sell off books, nick knacks, etc..
- Make Signs that say the following: All Sales Final, No Returns, Items sold As-Is, Cash Only – No Checks, No Bathroom.
- Wait until the last day to discount items. Start discounting them 2 hours before you shut down.
- Pack up all remaining items and donate them.
You may want to check out my other post: 5 Tips on How Can I Get Money and Payoff that Holiday Debt.
Do you have anything you’d like to add to the list on how to have a successful yard sale?
6 Financial Mistakes To Avoid After Buying A Home.
Buying a home is exciting. You’ve finally reached this milestone, the paperwork is signed, you’re all moved in and now what?
Here are 6 financial mistakes you want to avoid after buying a home:
1.) Not Budgeting. — You’ve accomplished your goal of purchasing a new home. You’ve worked hard on saving for the down payment, but if you haven’t started budgeting now is the time to do so. Start by building your emergency fund and make savings your first priority again.
2.) Buy a new car — Don’t get caught up into wanting to add a shiny new car to your driveway. Adding a new car payment on top of your new house payment can dramatically change your financial situation. Get used to all of your new expenses before you add this major expense onto your budget.
3.) Decorate all at once. — Decorating can really kill your budget, especially if you are constantly picking up items. Take a moment, live in the house and get a feel for your new place. Then plan and prioritize the items you want. Be sure to watch for sales, visit yard sales, thrift stores and consignment centers for extra savings.
4.) Factor in Maintenance. — Even though this is a new house, you’ll want to factor in the cost of upcoming maintenance. Item’s such as carpet and window cleanings, AC/furnace checks, replacing the roof etc..
5.) Start Charging. — While you were in escrow you were likely told by your lender to stop charging on your credit cards because if you continued to charge, your financial status could change and it may prevent you from closing on your home. Continue with this practice and pay cash for everything that you purchase. Don’t go into debt for material items just to impress your neighbors.
6.) Updating Life Insurance. — You’ll want to make sure your family is taken care of. It’s time to review your life insurance and ensure you have proper coverage to cover your mortgage expenses. If you don’t have life insurance now is the time to get some.
Have you made financial mistakes after buying a home? Comment below and add on to the list!
Are you considering purchasing a home sometime soon? Be sure to check out my article Buying Vs. Renting: Why you should never buy a home.
Paying for college isn’t the parent’s responsibility in our family. At least that is how we are starting our trend since our oldest child is graduating this year, her college education will be her responsibility.
The reason why we will not be paying for college is simple. We cannot afford to take on a new debt.
I don’t know how or when it started.. but people assume that as parents we should automatically pay for our children’s college education and I’m here to say I don’t believe this to be true. Here’s why!
In our current situation, we are not debt free and we did not plan accordingly to start a college savings fund for our children. Should this be our child’s fault? No, but does that mean I’d feel differently if we had the means to pay for it. Absolutely Not!
I can’t tell you how many people I know, whose parents have handed over sums of money or took out loans to help their children pay for college to find out their child lacked motivation, never graduated and they were left with the crazy bill.
Since birth we‘ve been assisting our children with their education and I feel that it’s time for them to take the next step on this important journey on their own.
If I don’t pay for their college education I feel that my children will…
- Work harder because it’s their own money
- Continue to look and put effort into scholarships, getting better grades
- Be more motivated to graduate, knowing they are responsible for their debt.
My job going forward is help them make a plan, give them options and provide encouragement to help them succeed.
If they succeed and accomplish their goals, then… the fun begins. I would love for it to be a surprise and take over their loans or help make double payments and payoff the loans faster.
As parents, with debt, do you feel you should be paying for college?
How to Shop at Vons and get the most out of your money. I’ll show you a few key items you want to keep your eyes out for. Not only will you save at the store but with Vons gas rewards, you can save at the gas station too!
Vons recently announced how you can Shop at Vons and Save at the Pump with their gas rewards program and with today’s gas prices who wouldn’t want to save at the pump?
By using your VonsClub Card you can earn points on the following:
- For every dollar you spend on groceries you’ll earn 1 point.
- For every dollar spent on eligible gift cards, you’ll earn 2 points .
- For every dollar spent on pharmacy items, you’ll earn 1 point.
For each point you earn once you reach the following accumulation, you’ll be able to save the following amounts at the pump:
- Accumulate 100 points and get $0.10 off your next gallon
- Accumulate 200 points and get $0.20 off your next gallon and so on.
- Accumulate 1000 points and get $1.00 off your next gallon
Not too shabby! Plus if you don’t have a Vons gas station close by, you can redeem up to $0.20 off your closest Chevron or Texaco Station.
Now that we’ve got that out of the way, let me show you how to save in the store so you can get the most from your money.
The first thing you want to do, is look over your Vons ad and check for any of the Clip or Click Coupons that are available. You’ll also want to check online for U Digital Coupons. You can load these coupons right to your VonsClub Card that way if you aren’t used to couponing you won’t forget your coupons. Be sure to do this before you head to the store and give yourself about 20 minutes to make sure it gets loaded into the system.
While shopping the store, make sure you look for items marked clearance. What I liked was that Von’s had signs around that really announced the items on clearance. Meat on clearance is one of the ways I usually look for when I want to save on meat.
My eyes are magnets when I see signs that say 50-75% off. I would have liked to have seen that final price on it, but after putting my brain in math mode I definitely grabbed some great deals on lunch meat and soap. Ham for $1.50, with no coupon Wahoo!
This was my overall purchase. I also picked up an Amazon Gift Card just so I could get some extra gas points. I didn’t bring in any coupons with me and felt like I grabbed some really good deals.
Plus I earned my fuel reward and I’ll be able to save $0.10 off each gallon of gas. I think I may hold on to them and wait until I get 1000 points though.
Some tips if you are heading to Vons to take advantage of the fuel rewards.
1.) Watch for promotions. This weeks ad gave you $0.20 fuel reward with a $75.00 purchase.
2.) Buy your gift cards at Vons. Last week they had a promotion where you got 4x the points when purchasing a gift card.
These are just a few more extra ways to get the most of your money. Stay up to date Follow Vons on Twitter @Vons_Pavilion Hastag #FueledbyVons
I received a $100 gift card to shop at Vons and review their new fuel rewards programs. As always, all the opinions given are mine.
Have you used Vons new fuel rewards program? Want to try it? Here’s your chance! Vons is sponsoring one lucky PinchThisStretchThat.com Reader with a $50.00 Vons Gift Card. Good Luck! Here are the details on how to enter: