The Simple Dollar gives 10 suggestions that will help you save money this week. I tend to spend more time thinking about how to save money then actually saving money. The idea behind these tips is to get you to start saving money ASAP. The Simple Dollar recommends trying these money saving tips for a week and seeing if any of them mesh well with your lifestyle:
1. Prepare and eat every meal you can at home.
Instead of getting take out, spend this week preparing and eating meals at home. They don’t have to be anything complex, just foods you know how to prepare. You can prepare them in advance if you’d like or simply toss something together when you get home, but prepare them and eat them at home all week long.
2. Drive the speed limit.
Instead of dropping the pedal to the floor to save a few minutes, set your car’s cruise control and go the speed limit. You’ll cut down on your gas mileage a significant amount.
3. Buy generics at the grocery store.
Most people instinctively choose the non-generic name brand item, even though in many cases they’re roughly equivalent in quality. This week, buy the cheaper generics to make a point of seeing which ones you like and which ones you don’t. You’ll have a nice low grocery bill this time – and perhaps a lower bill every time in the future.
4. Entertain yourself with things you already own.
Instead of buying a DVD or a book or renting a movie, find something already on your shelf and enjoy it instead. Got a hobby? Spend some time maintaining what you already have instead of buying more.
Head over to the Simple Dollar for the rest of the tips. Do any of you have any money saving tips that can be started today? Let us know in the comments.
Life is a journey full of ups and downs. No one can actually predict what might happen the next moment; there are times where the happiest moments do not even take a second to turn into the gravest. Planning for your future can help you face such unwelcomed but irrepressible situations with much ease. We all want to make every memorable event of our life more special and to cherish all those moments happily and worry less, you must financially plan your future. But no one has control over life and death. Who would wish to see his family suffer in his absence? Insurance hands over the financial jeopardy of life’s happenings to an insurance company.
Importance of getting a life insurance
No one has control over life and death. Nobody would like to see their family suffering in an absence, and that’s why many people recommend life insurance. A life insurance plan is one of the best ways to secure the future of your family, even against those financial troubles after an untimely demise. These plans are safe and credible, and you could trust them for your family’s better future.
On the other hand, a life insurance policy is a contract between a company (insurance provider) and policyholder in which the insurance provider ensures to pay a certain amount of money to the nominated beneficiary in case of the policyholder’s death during the term of the agreement. There are different types of insurance plans, and it is important for you to know the benefits of those plans such as a funeral, medical or some life expenses provided they are mentioned in the agreement.
Choosing the right insurance plan
If you’re about to select an insurance plan, you should consider some important factors:
The time at which you start investing in a program and the number of family members you want to get insured. Obviously, a married man with two children has different needs compared to a single one. The number of persons who are dependent on an individual also varies from person to person.
The next thing you need to consider is you and your family needs. What are your child’s dream, your retirement plans, for how long would your dependents need financial support, any personal injury, etc. And do not forget those events or situations that will surely demand a huge sum of money.
The next thing one must consider is your current income. You should preferably choose a plan which you can afford.
Now you must be having a pretty clear idea of how to choose the best plan for you. Further, you should also compare various plans offered by different companies and numerous sites available online that help will you to compare them.
Differences between life insurance plans
Here’s a short brief of some plan categories you can choose according to your needs:
Term Insurance Plan – You have to pay once, and your nominee gets the paid money under your misfortune demise. It ensures a person for a fixed time. If you survive the policy period, you do not get your premiums back.
Whole Life Policy – This plan continues for your lifetime. Under this, the policyholder has to pay regular premiums, until their death.
Endowment Policy – In case the individual dies during the tenure, the beneficiary gets the amount assured. If the person survives the policy tenure, they gets back the premiums paid with other investment returns along with several other benefits.
Money Back Policy – In this a portion of the money invested is returned to the investor at regular intervals. If you survive the insurance term you get the entire amount back; else the beneficiary receives the entire sum assured.
ULIPs – These are the life insurance plans that offer you future security plus wealth creation options.
Many people do not opt for whole life policy and endowment policy because of the high amount of money you need to pay, while others may prefer to opt for these if they have a high life expectancy. Surely you will find the best one for you.
So what are you waiting for? Plan for your future and live a happier and carefree life today.