Posted on 12. Sep, 2015 by Money Cactus.
It’s often said that life insurance is one of those things that you often overlook and ignore until you actually need it. Unfortunately, once you need it it’s already too late. You have one shot to get it right with life insurance, and it’s as vitally important as leaving a will or trust for your family. There are several common myths that have continued to perpetuate in society, and they have given people a false comfort that they don’t really need insurance.
I have heard all too often that a couple without children has no need for life insurance and that the premiums would just be a waste of money. While every situation is unique, I would venture to say that there are plenty of times when a married couple would still benefit from some type of coverage despite having no kids. Consider that both are working full-time, and they make roughly the same salary each. It’s conceivable to think that they would have purchased a home together, or are pooling their money together for retirement. If one of them were to die could the other still afford the mortgage payment on their own? Then there is always the situation where the two incomes are disproportionate to each other and one makes significantly more than the other. In these situations, if the higher wage earner should pass, then it’s reasonable to think life insurance would be especially handy for the financial burden that would be placed on the surviving spouse.
Another common misconception is that a married couple with kids that has one stay-at-home spouse only has a need to take out a life insurance policy against the working spouse. This couldn’t be further from the truth. Consider all the responsibilities carried out by the stay-at-home parent like cooking, cleaning, and caring for the children. Should anything happen to them the working spouse would need someone to still handle all of those responsibilities. That means they would most likely need to hire a nanny, pay for day care, and even with help around the house. All of these things cost money, and were most likely not accounted for if they didn’t have an adequate insurance policy.
There is often quite a bit of debate about whether or not you should take out a term policy or whole life insurance. Truth be told, both have their pros and cons. A term policy is limited for a specific number of years and at time of expiration you need to renew. Then there is a whole life insurance policy, which basically means that the policy lasts your entire life. This can be beneficial a there is an investment option with these and health issues that arise cannot alter the coverage or premiums paid. In the end, I prefer to keep it simple and would advise you to obtain term life insurance quotes. Term is often easier to understand, makes more financial sense for a majority of people, and is more than adequate if you take out enough to cover you and your family in case of an emergency.
Posted on 22. May, 2015 by Money Cactus.
Sometimes it might seem like saving on your car insurance is impossible; after all, car insurance rates are what they are: there’s no flexibility afforded to insurance companies when it comes to pricing. Insurance companies file their rates with the government on a fixed schedule, so saving money falls to you and the decisions you make when shopping for your insurance policy.
Shop for the Best Rate
One of the most important steps in finding the cheapest car insurance rate is shopping around for the best price. Insurance companies have different risk pools and financial situations, so rates vary from company to company often by thousands of dollars. This is because the rates reflect how each company fared previously in the claims department: if there were a higher number of claims in the previous quarter, they might have to raise premiums this quarter in order to offset these losses.
Shop for a Safe Vehicle
A general rule of thumb is the safer the vehicle, the lower the premium, with obvious exceptions for more expensive or performance vehicles. Insurance companies face billions in litigation claims every year as a result of personal injury lawsuits, so if the insurance companies know the car is safe, they’re more likely to give you a lower premium.
Newer crash testing methods from the Insurance Institute for Highway Safety have forced manufacturers to make safety a priority. If it’s important to the insurance companies, it’s important for your wallet!
Shop for Home and Auto
It might seem obvious, but bundling all your policies together with the same insurance company usually means an instant 15-20 per cent discount on the combined policy. Furthermore, most insurance companies offer other added benefits, like a combined deductible, or increased liability limits free of charge. Bundling your motorcycle, ATV, snowmobile, RV, or boat with the same company will help you save as well, if the company insures recreational vehicles.
Shop for Discounts
Car insurance companies provide discounts for a wide range of clients, like the winter tire discount, good student discount, alumni association discount, or company discount. There are tons of discounts available, and it varies depending on the company. Be sure to ask your broker about any discounts you might qualify for!
Whatever type of insurance you’re looking for, it’s still important to shop around for the best rate and do your research.
Posted on 23. Mar, 2015 by Money Cactus.
Shopping in the current economy can be quite overwhelming. We all want the designer shoes, the handbags, the 60 inch t.v., every beauty product known to man, and to have it all with a substantial amount of money in our savings account. Everyday living and extravagances can seem impossible, but they aren’t. You just need to know how to get savvy in order to cut costs where it counts. Below are a few ways to help you save on personal items, fashion, travel and more.
Save on Personal Items
There are ways to shop and save on all sorts of items like toothpaste, shampoo & conditioner, hair products, deodorant, toilet paper and those energy bars you like to eat just after you’ve hit the gym. Check out stores like Walgreens. Walgreens offers coupon codes and deals to get you extra savings and up to 90% off the retail price of all your favorite beauty and personal items.
Fashion For Less
Want to accessorize your Cynthia Rowley Dress with a Rolex? Or just look like you did? Check out stores like Nordstrom or Forever 21. Nordstrom carries a boat load of designer deals. While Forever 21 has all your knock-off, look-a-likes for less. Whether you’re looking for a cocktail dress or swanky earrings, both of these stores are regularly advertised on Groupon with killer savings in free coupon codes.
Travel can be a bit of a burden. Searching for the cheapest car rentals, hotels, flights and more can be a pain and super-time consuming. Try booking with places like Fox Rent A Car for up to 90% off the retail price. Plus, save wear and tear on your own vehicle and get out of dodge for a relaxing weekend or family holiday.
Doing it yourself really is the best way to save the most money. Once you find a contractor or landscape architect, they jack up the price in materials, charge you labor for an extra guy you’ve never seen, and tack on the taxes after giving you a low quote without them. Avoid the expensive upcharges and look for coupon codes to stores like Home Depot, who can help you find the materials you need, offer you free shipping on select appliances, and save you labor costs.
Posted on 20. Mar, 2015 by Money Cactus.
Time is money. If you run a small business and you feel that everything is moving as slow as molasses, you need to put more efficient systems in place to streamline your operations and speed up your business processes. The faster things move, the more money you make. It’s really that simple. The more you sell, serve and process the more you rake in. Here are a few ways to drive productivity up in your small business so you can see an ROI faster.
Ban Facebook and other time wasters
Facebook, browser based games, YouTube and other forms of time wasting endeavors shouldn’t be allowed in your place of business. Employees waste so much time on cat videos or celebrity fails, your bottom line will suffer as a result. You can ask your IT staff (if you have one) to configure your router to ban these websites outright. Or, you can do it yourself by reading the tutorials on how to do it. Just make sure that your router’s setup page is password protected. When you ban certain websites and domains router-side, there is absolutely no way employees can access them. A good idea is to also ban proxy websites and periodically check the active connections on your router.
Get a POS System
If you’re still stuck in the cash register age, you need to get out of it and get yourself a POS system. These systems can and will streamline your business processes because it takes care of everything for you; inventory management, employee time keeping, sales tracking and so much more. While you’re at it, get one of those online Point of Sale systems that can work on tablets. Not only are these smaller and more lightweight than a traditional legacy POS system, you’ll also need less hardware to get a full functioning point of sale system for your store.
Engage in a little Methods Engineering
Do your guests have apprehensions on sitting in a particular spot of your restaurant? Is your cashier blocking the natural flow of the checkout line? Hire an Industrial Designer or Engineer to check the workflow of your store or restaurant by doing a little Time and Motion study. Imagine a conveyor belt-type factory assembly line: the more efficient ones don’t even need that much supervision because the whole process from start to finish has been already mapped out. All the workers need to do is man their posts for the line to flow smoothly. Backlogs in the workforce occur due to the simple misplacement of office desks, or when the tables and chairs of a restaurant are too far from the buffet table. Iron out the kinks and backlogs in your store by hiring a consultant. You only have to pay a professional fee one time, but the results will be faster workflow and increased sales.
Harness the Power of Technology
Encourage the use of online collaboration among your staff members. Let’s say you run a small events company. The faster you and your staff can communicate and collaborate on ongoing projects can net you even more, because when you finish one, you can work on another. Use online document editing and sharing websites like Google Docs, Microsoft Office Online and Dropbox. Create, save, share and edit documents in real time. While in a meeting, you can ask your staff to edit a presentation for you if there’s something that needs to be added or taken out. No need to re-schedule another meeting. Make use of email, video chat and instant messaging to speed things up. Make sure your office is equipped with high speed internet and that all your phones and tablets are, too.
In a fast paced business world, speed and efficiency play a major role in taking you to the next level. By stopping to consider all the factors that are holding you back, like the simple distractions of Facebook or the wrong placement of your checkout station, you can turn things around and run a more efficient ship.
Posted on 02. Feb, 2015 by Money Cactus.
Bang for your buck. Don’t you just love it? I’m always on the lookout for the best possible deals, and the 2015 Hyundai Elantra seems like a solid contender for king of the bangs. Getting more for what you paid for is the name of the game these days, and auto makers are being as cutthroat as ever, one-upping one another in available trims, accessories and performance.
The crowded compact sedan segment has undergone a major makeover these past few years, with automakers turning their compacts into smaller versions of the more expensive large sedan class. What we’re getting now is a well-appointed smaller car with all the trim and isn’t as gas guzzling as the larger sedans. I’ll take fuel savings any time of the day, thank you very much.
The Hyundai Elantra looks like the offspring of a Sonata and an Accent. With curved lines on the body and an aggressive front fascia that won’t be mistaken for cute, this compact Hyundai was made for the frugal everyday driver in mind.
Exceptional Fuel Savings
The SE and Limited versions of the 2015 Elantra share the same 145 horsepower 1.8L DOHC 16-valve inline 4-cylinder engine rated at 28/38 mpg/cty/hwy for the 6-speed manual and the 27/37 mgp/cty/hwy for the 6-speed automatic. Standard transmission for the Limited is Hyundai’s 6-speed automatic transmission with SHIFTRONIC and Active Eco System, which is optional for the SE.
There’s also the Hyundai Elantra Sport, which has a beefier 173 horsepower 2.0L DOHC 16-valve inline 4-cylinder engine rated at 24/35 mpg/cty/hwy. You can either save more juice while feeling like a real race car driver when you choose the Sport in manual, or you can pay extra for the 6-speed automatic transmission with SHIFTRONIC and Active Eco System found on the Limited.
Now, if you want your car to just sip fuel, go for ones with the base 145 hp engines (SE, LIMITED) and kick it oldschool with the 6-speed manual. The SHIFTRONIC is actually pretty damn good too, as it only sacrificed a point, so if you can’t drive stick, go automatic. Either way, the fuel economy on the Elantra with the base engine is pretty good for the class.
Bells, Whistles and Safety
This car is a Hyundai, so expect almost every little accessory as standard. That’s just the way they roll. If you want all of it however, go for the Limited version because almost everything on the list of features has “standard” on it.
When it comes to safety, the Elantra is dead serious, packing six airbags, Hillstart Assist Control, Electronic Stability Control, Anti-Lock Braking System, Traction Control, Vehicle Stability Management, Daytime Running Lights and even a Tire Pressure Monitoring System. The only safety feature that’s not standard is the Rearview Camera, which is optional for the SE. There’s a host of others you can ask your Hyundai dealer about, like crumple zones, EBD and what type of airbags were installed. The Elantra was also awarded a 5-Star Overall Safety Rating by the NHTSA, the highest possible score.
The seats on the 2015 Elantra are built with environmentally friendly soy-based foam. This renewable resource has a smaller carbon footprint and has lesser impact on the environment as compared with traditional seating materials. Coupled with the engine’s exceptional fuel economy, this car is a sound choice for those who want a hybrid, but can’t afford one yet.
When purchasing your next car, always go over every single detail. Fuel consumption, safety, interior finish and warranty are the first ones I always check. Hyundai has really done well with the 2015 Elantra. The interior materials are soft to the touch and look good, using hard plastics and touches of leather and chrome. It also has five star safety rating and is fuel efficient yet powerful enough to pass other cars on the road. This is a good car, with a pretty good set of credentials at a steal of a price tag.