How to Buy the Right Life Insurance Policy

by Sean Bryant on January 26, 2015

How to Buy The Right Life Insurance
Buying insurance is a very serious matter. You hope that you will never need it. However, if an emergency arises that requires you to use your insurance, you need to be certain that you are properly covered. Buying the right insurance for your car by comparing auto insurance quotes can save you a lot of money. Nobody likes to think about dying. However, if you are the primary breadwinner in your family, it is imperative that you buy a life insurance policy to cover yourself in the event of your death. This will provide your family with money that will help them survive without the income you were providing. Here are some things to keep in mind as you go shopping for a life insurance policy.

Decide how much coverage you need

There are various ways of calculating the amount of life insurance coverage a person should buy. Calculators are available online that can help you with this. One of the most popular methods is to take the amount of money you make in one year and multiply it by eight. However, it basically comes down to how comfortable you want your family to be when you are gone. Obviously, the greater amount of coverage you buy, the larger your monthly premiums will be. Therefore, your coverage will also depend a lot on how much you can afford.

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Should You Pay Your Child for Getting Good Grades?

by Scott Sery on January 23, 2015

SHOULD YOU PAY YOUR KIDS FOR GOOD GRADES

Life is all about incentives. We work hard in order to get a paycheck to live our lives. We stay fit in order to maintain our health and live longer. We recreate in order to enjoy ourselves and have something to look forward to. So many people feel that offering a monetary reward to their children will help the kids try harder and get better grades in school. But is this really the right approach to take?

Paying for Good Grades

While the internal motivation for receiving an A should be enough to study hard and to do well, it isn’t actually enough. So many people feel that paying $5 (or whatever monetary amount you feel comfortable with) should be enough to encourage that internal motivation.

This system or rewards can be effective, depending on the individual. There are a number of case studies that show no matter if the child was paid or not their grades remained the same. It is good motivation for a lot of students to do their best, but some worry that the fear of lost revenue is the true motivation; and that it is not a sustainable model.

Encouragement for Good Grades

Some studies show that when a child is struggling to get good grades, a reward system is not the best idea. Instead the child struggles to learn the concepts, and when they still are not fully grasped the child feels as though he or she is being punished for not trying hard enough (rather than rewarded for trying harder). While the intent isn’t to punish, that is how it is perceived.

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Five Business New Year’s Resolution Ideas

by Sean Bryant on January 21, 2015

Business New Year’s Resolution Ideas

With the arrival of the new year, there is no better time to reflect on progress and plan for the ongoing development of your business. Just as we make resolutions for the new year on a personal level, it is helpful to create and work towards the fulfillment of new year’s resolutions for your business.

To experience success and satisfaction in your business this year, try applying the following ideas.

Delegate

When you are responsible for a business, it’s easy to feel like you need to do everything yourself. The reality is you simply cannot and, if you try to spread yourself too thin, you will find yourself exhausted, stressed, and with not enough time. Delegating certain tasks to skilled employees or outsourced professionals will ensure that your business can flourish without you having to carry the weight of everything on your own shoulders.

Organize

Whether it’s the effective storage of products or the clever arrangement of office materials, getting on top of your business’ organization now will make a world of difference throughout the year. If you’re stuck for inspiration, turn to a storage solutions specialist, such as Elbowroom, for ideas. You’ll be glad you did when you and your employees are able to easily locate and access things without piles of clutter getting in the way.

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2015 Resolutions for Financial Health

by Sean Bryant on January 19, 2015

2015 Resolutions for Financial Health

If you’re like most people, you made a New Year’s resolution or two as December rolled into January – and some of those resolutions were probably money-related. The good news is, unlike most people, you can actually stick to those resolutions! It’s cliché, we know, but there really are simple and easy steps to follow that can help you take charge of your finances. Though the steps discussed below might not guarantee outright wealth, they can help you secure your financial health – and in return, the increased freedom, peace of mind, and yes, even spending power that comes with it. Here’s how to do it.

Itemize, Itemize, Itemize…

You would be amazed at how many individuals don’t know how much their monthly liabilities are (wait… don’t tell us this describes you too!). If you truly want to take charge of your finances, the first thing you’re going to have to do is determine how much money you spend each month, and where it goes. What spending is discretionary – meaning you choose to spend it – and what spending is mandatory? Write down your expenses and separate them out, line by line. This will help you determine, definitively, what amount of money you have to “play” with each month.

Use Separate Accounts for Separate Expenses

Once you determine what your discretionary and mandatory spending adds up to, you can start putting into action a plan to make sure these expenses are accounted for. One way to do this is to set up separate accounts for different types of expenses. If, for example, you deposit money into an account that is used exclusively for mandatory spending (and you budget accordingly), you can be sure that you’ll never not be able to cover these costs at the end of the month. Put simply, you can’t overdraft an account if you’re not using it except for pre-set expenditures. Determine your monthly mandatory spending amount, divide this number by the amount of checks you receive in a month, and deposit accordingly.

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4 Ways to Use the Cloud to Save Money

by Sean Bryant on January 15, 2015

Save money with the cloud

The new year is almost here, and, like many people, you are probably working on some resolutions. Even though you are careful with your money, you probably can be even more frugal with your hard-earned cash in 2015. In order to be as financially careful as possible, use these four tips for using the cloud to save money:

Share Coupons With Friends

Dropbox is one of the most popular cloud-based services, according to Twelveskip. You can use it for backing up important files and for sharing photos and videos with friends and family. To accomplish your 2015 goal, use Dropbox to share coupons, deals and savings with friends and family by making your uploaded content available to the public. And, if you encourage others to post their deals on Dropbox, you also will have access to savings and deals.

Store Your Important Documents

As a wise soul once said, time is money. If you have ever spent hours looking for a car title, a birth certificate or other important piece of paper, you certainly understand the truth of this statement. A convenient way to store your valuable documents is to upload them onto the cloud. If you are concerned about safety, take heed—many cloud services offer security features. For example, Top 10 Cloud Storage explains that SugarSync uses the same type of encryption software that many major banks use. This means you can rest assured that your important and sensitive documents will remain confidential in the cloud, and that they will be easily and quickly accessible whenever you want them.

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How to Become a Millionaire by 40

January 13, 2015
How to be a millionaire by 40

It is the goal of most people to become millionaires. After all we have websites devoted to earning your first million, books written about how to get there, and this post as well. Unfortunately too many people throw out a vague goal of “retiring a millionaire” but don’t make a real conscious effort as to […]

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How to Manage When Your ID is Stolen

January 8, 2015
ID theft

Even those who are the most careful with their credit card, social security number, and personal information are at risk of having their ID stolen. We live in a digital age, and that means everything is done electronically. By taking precautions a person can minimize the risk; however, the thieves will always find a way. […]

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