5 Easy Steps to Lowering Your Homeowner's Insurance

5 Easy Steps to Lowering Your Homeowner’s Insurance

Homeowner’s insurance is very important. It’s your safety net in case something bad happens. Although that safety net is needed, you also need to be able to support your family. If you are struggling to pay your homeowner’s insurance rates every month, following these five steps could reduce your rates:

Multi-Policy Discounts

Most insurance companies want to ensure that you are using them for all of your insurance needs. By insuring your car through the company that insures your home, you will receive a multi-policy discount. If you are looking for an even bigger multi-policy discount, some companies also provide life insurance and health insurance policies. […]

Why High School Seniors Are Choosing to Stay Close to Home

Why High School Seniors Are Choosing to Stay Close to Home

It is the dream of many upcoming high school graduates to leave their home and start their own independent life. However, many more than usual will be making the choice to remain close to home when they go to college. They are doing this in larger numbers for a variety of reasons:

Economics

Remaining close to home is a huge economic benefit to the recent high school graduate. He or she will be able to potentially remain living at home depending on the distance from the school and the willingness of the parents to take care of them. Therefore, the student could save on the room and board costs that he or she would have to pay for if they are allowed to stay. […]

college budget - Getting a College Degree for Free

Getting a College Degree for Free

According to Consumer Reports, the average college student graduates with at least $20,000 in student loan debt. The average student also has at least $4,000 to $5,000 in credit card debt. Some students in high school are now realizing that college can pose a financial burden that they will face for the rest of their lives.  These students are taking steps to actively alleviate that debt by applying to scholarships and grants. In addition to doing a general search for scholarships on the Internet, listed below are five helpful tips that students can use to get a free college degree:

  1. Meet with a High School Counselor
    Your high school counselor contains a wealth of information when it comes to scholarship opportunities, and he or she will easily be able to perform a free scholarship search to help you find awards you may be suited for. He or she may know of local scholarships in the community that fit you particularly well. Your counselor may also be able to help you obtain scholarships for community college programs that will allow you to transfer credits to your college and save money. […]
Money Traps You Should Never Give In To

Money Traps You Should Never Give In To

When trying to work your way out of debt, seeing the light at the end of the tunnel can seem impossible. Feeling like the debt is endless is a typical feeling, and because of it, many people are quick to look for extreme options to put cash back in their pockets. However, most of these options can actually leave you in a worse financial position than you were in before. A few major money traps to avoid include: […]

How To Buy A House Without Mortgaging an Arm and A Leg

How To Buy A House Without Mortgaging an Arm and A Leg

The following is a post by Sasha Kahn, with information provided by Genworth Financial.

When buying a house, lenders prefer perspective buyers who can spend the required 20% on a down payment. But let’s face it, for many of us, that’s just not an option.

You may be one of the 99% who can’t afford a hefty down payment, but there are still ways to move forward with your dream of buying a home. Aside from the various types of home mortgages available, there is also something called mortgage insurance. Private mortgage insurance (PMI) is a loan to protect the lender in the event that the buyer defaults. It’s the only way to buy a home while putting down a minimal cash down payment.
[…]

Pitfalls To Avoid For First Time Home Buyers

Pitfalls To Avoid For First Time Home Buyers

Buying your first home is stressful and there are things to pay attention to.  Here are a few of the classic pitfalls that first time homebuyers should avoid falling into.

Avoid Going It Alone

A first time homebuyer will often need help getting through the mortgage process. A mortgage broker can be a real asset when it comes to walking you through the loan process. Mortgage brokers can help deal with questions like “how much can I borrow” and “what interest rate can I expect”? The sellers of a home have someone working on their behalf and so does the lender. You need someone that is willing to work on your behalf too. Mortgage brokers will go the extra mile to help you negotiate the best loan for you and will keep you from getting ripped off at the same time. It is worth hiring a professional when dealing with a loan that could easily last about 30 years. […]

erase debt - Save Money

Save on Core Expenses to Help Get Out of Debt

When we find ourselves mired in debt, we try to do all that we can to stave off those bankruptcy lawyers and rectify the situation. We take on a second job, look to consolidate, and cut all unnecessary expenses. It goes without saying that the new car, new smartphone, and Caribbean vacation are probably not the best purchases for someone trying to emerge from debt.

Few people, however, think to cut those expenses that ultimately matter most: the core expenses. These involve rent, utilities, food, and transportation costs. While all of these expenses are necessary, they also, usually, have some fat that can be cut. Here are some ideas: […]

The True Value of Gold

The True Value of Gold


For as long as human eyes have glimpsed upon gold, human minds have been obsessed with its luster. The love of gold transcends virtually every civilization that has ever came to be, and to this day the precious metal continues to drive a large portion of the global economy.

For most people, their association with gold is fleeting – in the form of rings for a woman, rings for a man, and any other small-scale trinket. But for a select few, gold is a huge industry with enormous payoff. At a time when the inventions and tools created by humans are far more useful and exciting than any naturally occurring rock could ever be, the question must be asked: what is the true value of gold, if there is one, and why is it still so high in the year 2011? […]

Ministers Propose Biennial MOT Tests

Ministers Propose Biennial MOT Tests

The Ministry of Transport (MOT) test is a legal requirement for cars of a certain age in Britain, with checks required each year at qualifying garages and test stations. Under new plans by the UK Government, however, MOT tests are set to become a biennial occurrence.

Ensuring that vehicles are given a thorough inspection just once every two years has raised fears over road safety, with campaigners suggesting that less frequent checks are likely to result in a greater number of defective and dangerous vehicles on the road. […]

Differences Between Debt Consolidation and Debt Settlement

As the economy continues to struggle and people with it, I have seen more and more commercials advertising debt consolidation or debt settlement.  Sometimes these phrases are used interchangeably, which generally confuses the average person into thinking that they are one and the same.  Since you read this blog, you are not the average person, but just in case you’re unsure about the difference, let’s cover  a few basic  differences between debt consolidation and debt settlement. […]

Foregoing Insurance To Make A Loan Cheaper

Foregoing Insurance To Make A Loan Cheaper

With the economic outlook still looking decidedly shaky, many households across the U.S. are endeavoring to keep their spending to a minimum and are cutting back where possible.  However, for those taking out loans, is it a mistake to refuse the insurance that lenders provide, commonly known as PPI (Payment Protection Insurance)?

There is no denying that PPI can add a significant chunk to the monthly premium.  Those taking out loans without the coverage can save themselves a fair bit of cash, however, some lenders will try to  persuade applicants purchase PPI.  Some lenders may even imply that without the insurance, the loan  might be denied. […]