Your Assurance » Finance

Saving Money on Auto Policies

admin — Tue, 27 Dec 2011 08:05:27 +0000

Owning multiple vehicles for family members, work and leisure can add up in a hurry. Finding savings on hefty auto policies can help ease the financial burden of this yearly expense. Family Fleet Insurance or Multi Vehicle Insurance is one way to lower the cost.

Insurance companies and agencies offer difference packages and where you do not qualify for coverage with one does not mean that you won’t with another. If your current insurance company only offers this option if you have more vehicles than drivers or require at least four vehicles to cover, it is time to look around.

Insurance companies are becoming aware of the multiple needs of families with several vehicles and are now offering tailor-made alternatives to their Family Fleet Insurance policies. Research several reputable insurance companies for multi-vehicle insurance and you will see a changing trend.

Not only can you find companies that will cover three vehicles under Family Fleet Insurance but also policies that meet the needs of your family members. Never settle for what an agent tells you. He/she is looking out for a few represented insurance companies. Find out for yourself what is new and will work best for your family and the number of vehicles owned.

Which Mortgage is Right for You

admin — Wed, 22 Dec 2010 01:34:38 +0000

If you are shopping for a mortgage to buy that new home you are wanting, finding the best mortgage is the best advice you can get. Asking the right questions and knowing about mortgages are the two most important items on your shopping list. When you have these two things, you are guaranteed to find the best possible mortgage for you.

Your monthly payment is based on your interest rate so keeping this amount low, will save you money. Be sure you understand the difference between an adjustable and fixed rate mortgage and know which one your lender is referring to. The fixed loan will give you the same mortgage payments all through the life of your loan. This would be the right choice for those who want the security of knowing exactly what they will be required to pay each month.

The adjustable rate mortgage will probably give you low payments at first, but the amount you pay can go higher later. Ask your lender how often the rates change and by what percentage. This can give you a good idea if an adjustable rate is right for you. Other factors can also effect your monthly payments so ask about these too.

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General Finance Advice

admin — Wed, 24 Feb 2010 09:48:41 +0000

Your personal finances is your status. It is all about how much you need compared to how much you have and managing your money is not done just for today, but for your future too. If you are successful at managing your money, then you have records on what you have in the bank, how much income you have and you understand the investment you have made.
An asset is something that brings in money. It also does not effect what you have in the bank. A liability is something that you pay out, whether it be fees, interest or taxes. A budget will allow you to see on paper where and how you money is moving. It is by creating and following a budget that you can see where you have unplanned expenditures that need to be dealt with and you will also see where you have come up short, and that to will mean you must adjust your budget.
It is best to handle you own money but if you have questions on something, a financial consultant is there for just that. You can also save a ton of interest if you choose shorter term loans whether it be for a car or a home.

Living Paycheck to Paycheck

admin — Sat, 23 Jan 2010 09:45:52 +0000

Way too many people live paycheck to paycheck and are unable to take care of any emergency that might arrive. These people just never seem to have any left over money when the next paycheck comes. These people are usually the ones who just don’t realize where their money is going. How about that morning coffee you stop for on the way to work each morning. Do they realize if they add up 5 coffees a week that it can be as much as $20 a week, that is $80 a month, or more. How about making coffee at home and taking it with you in a coffee mug that is made for the car?
Lunch too is another cost that many see as just part of the day. Eating out cost three or four times more than if you brought your own lunch. You can bring leftovers from last night’s dinner with you to work. Almost all work places have a microwave so you don’t have to have a cold lunch.
Entertainment is the same story. Rent a movie and make popcorn at home instead of going to the theater. Meeting friends after work for a drink just to socialize can be done at home too and not cost half as much. It would also be more relaxed to be in your home than a noisy bar.

Someone To Co-sign For You

admin — Mon, 21 Dec 2009 09:43:29 +0000

Have you been turned down for a loan? You are trying to get a new car or a credit card or personal loan and find that you do not qualify. This is when a co-signer needs to be brought into the picture and the best place to find one is within your family. This person will go through the same credit check that you did, just as if he is the one applying for the loan. If for some reason you cannot make your payment, the co-signer will then be responsible.
If you have had past financial trouble, it might not be a good time to attach someone to your life. But if getting a co-signer is the only way you can progress, then make double sure that you can make those payments. Try to put money aside just in case something comes up and your money gets tight. Put yourself in the shoes of your co-signer and see how you would feel if you were next in line to take over payments that some else could not make. Not a nice thought for anyone. The co-signer should also keep in mind that they should not let this person get in over his head with with a big loan. Start small and over time his credit will get better and then he can borrow again for himself without a co-signer.

Estate Planning

admin — Tue, 24 Nov 2009 09:41:30 +0000

If you like giving gifts and you are into estate planning, there is something you can do to save your family lots of money in future taxes. With gift giving you can not only help yourself, but avoid heavy taxes for future generations. And by lowering the size of your estate, you can lower the probate cost as well as the legal fees which can eat up much of your estate.
Gift giving has been done for a long time, a way to reduce the value of what you own and there are various ways of going about it. Annually, any person in the US can give up to $12,000 worth of property to another person. This gift is given with no taxes due as long as the amount stays with that limit.
Your spouse and any charity you choose can receive and unlimited amount from you. Even though this sound like a good idea, it only shifts that tax problem over to her so giving to others like children and grandchildren is a better idea. Another benefit to gift giving is the appreciation value of your gifts. The assets will grow by the time you pass away. There are many details involved with this giving so it is wise to consult with a estate planning attorney when the time comes.

Perkins Loan

admin — Thu, 05 Nov 2009 09:24:56 +0000

Also knows as the National Defense and National Direct Student Loan is a loan with just five percent interest rate. This loan is for those graduate students that have an exceptional financial need and is aid from the US Department of Education.
Those who qualify for this loan should not ever consolidate it. There are lenders who would certainly try to talk you into do just that because it would then put that particular loan into a higher interest rate loan and they would make money off of that. The government actually pays the interest of this loan and if you consolidate, you will loose that subsidy.
Stafford loan will raise each year but this loan will stay fixed at 5%. This loan also offer a nine month grace period after graduation, unlike others that are only six months. If the loan holder dies, the loan is cancelled up to one hundred percent or if you become partially or totally disabled after you have received this loan, it will be entirely canceled with a correct written request. Of all of the educational loans that are available today, the Perkins loan is best when you consider them all.