How to Save on Home Insurances

How to Save on Home Insurances

If there is something as important as the car and life insurances, it has to be the home insurance. You can’t even afford to debate if you are a family person: it is an absolute no-brainer. When a hailstone storm rips your roof to shreds, a fire breaks in the basement or a thief steals all your valuables while you are away on a vacation, a basic home insurance policy will have you all covered in such unforeseen mishappenings.

But just because you have to buy one, you don’t have to overpay for a home insurance, especially when there are a variety of policies and discounts available. Here are some important tips to save on your home insurance:

How to Save on Home Insurances

  • Shop around for the best deal. An insurance broker can help you with companies that offer discounts, since they have databases of sources of a variety of companies. Other than that you are entitled to special discounts if you are living near a fire department or if you possess safety devices such as a security system or deadbolt locks. Sometimes sticking to the same insurer may get you a loyalty discount.
  • Increase your deductible
    Deductible is the part of the insurance claim that the insured has to pay before the insurance company gives you benefits. If you think the cost of your monthly premiums is increasing annually, you can raise the dollar value of your deductible, and in a way you are reducing the risk on your insurance provider and also reducing the monthly premiums. For example, if your current deductible is $200, raising it to $500 or even $1000 can reduce the as much as about 25% on your monthly or annual premiums. Your deductible is the indication of how much risk you are willing to assume. But the only problem is, you have to bare the damages of minor causalities till the deductible limit is reached.
  • Know the difference between replacement cost and actual cash value
    Replacement cost will insure you with the actual cost it would take to replace your home and the other personal property in it. On the other hand, the actual cash cost will consider the current value of your house as per the market dynamics. So if you take a replacement cost insurance for a laptop worth $800, then on the laptop being, you will be issued $800 for a new laptop. But if you consider a actual cash cost insurance for the same laptop, you will get the current market value for the laptop, which may be much less since the price depreciates over time.
  • Increase safety measures and check your house for repairs
    Little improvements in your house can get you a better deal with lower premiums. The insurance rate depends on a variety of factors including the structure and built of your house, wiring, plumbing and structure material. Upgrading the security system and alarm system may also help. Also, quit smoking. The insurance companies believe that the majority of the fire cases are due to irresponsible smoking.

Reduce your home insurance costs and see how your savings add up!

How to Make Money Blogging?

How to Make Money Blogging?

How to Make Money Blogging?

You like writing? Well, writing long copied captions on Facebook doesn’t count. People who have a creative hand for writing, you can probably take your blogging activity to a whole new level. Blogging is a lifestyle-friendly business, work from home, write about your interests and share your creativity with the world. For those who already have a blog or have made a decision to start one, following guide will help you set one up with ease and earn serious money as well.

  • STEP 1: Setting up a Blog
    The very first thing to do is to get a good domain name, since the domain name is going to be stuck with you forever and changing the domain name is like starting all over again. A good domain name should suggest the nature of your blog. Something of the form, yourname.com.
    After finalizing your domain name you need to get a cheap and reliable web hosting solution, that is, a WordPress Web hosting company, with 99.9% server uptime guarantee, all at an affordable price. Setup a WordPress on your blog, select a great theme.

 

  • STEP 2: Creating Content and Marketing
    The next step being marketing and making your blog popular. Have attractive titles, use pictures, select a nice theme and write attention-grabbing headlines and content. These are the basics. How do you really establish your blog? Install a Google Analytics Tracking to your site (Search Engine Optimization). Now who doesn’t want to rank higher and come up on the first page of the Google search page? You can even monetize your site through affiliate marketing, i.e., by advertisements of affiliate products on your site. The most important way to publicize your site is through these social media networking sites like Facebook, Instagram and Pinterest.

 

  • STEP 3: Security
    You wouldn’t want a sudden data breach on your blog, you use some of these tips to protect your website from any outside attack.
    (a) Use strong passwords for all entry points. You need to change the WordPress admin password generated by WordPress at the time of the installation. Even though this password is really strong (with uppercases and lowercases, symbols and numbers), but their ftp/cPanel password for that domain is not that strong.
    (b) Add CAPTCHA on your login page.
    (c) Use a .htaccess file in your wp-admin directory to limit access to certain IP directories only.
    (d) Protect access to your plugins directory by blocking access to these directories.
    (e) Never show the WordPress you’re using on your blog since it gives the attacker an upper hand in finding a way to break in.

 

Happy Blogging!

4 Ways To Be A Better Investor

4 Ways To Be A Better Investor

Intelligent investors are always looking to learn new things. The stock market can’t be perfected, which means that there are always new strategies to practice and habits to adopt. Even the world’s most successful financial traders would back this up, even if they’ve developed some of their own methods to get where they are today.

Keeping all of this in mind, we wanted to briefly cover a few steps you can take to be a more effective investor. These tips don’t deal with charts and numbers so much as habits and psychological strategies, but they can help you to manage any money you might have in investments more effectively all the same.

1. Learn Assets, Not Charts

Don’t misunderstand this as a claim that it’s not necessary to learn how to read patterns and charts if you invest in the stock market. Rather, it’s an assertion that learning about the actual asset or company you’re investing in is the foundation for good financial decisions. Legendary investor Warren Buffet has made this claim, saying that people should buy into businesses they understand.

As he explains it, you should think about each asset as if you were going to put your entire family’s net worth into it. Does that inspire confidence? Or would you prefer to find a business or asset you know more about? This is a simple thought process that should guide you through investments, but also inspire you to learn more about a broader range of assets.

2. Keep A Trading Journal

Commonly recommended for forex traders, but helpful for any type of investor, a trading journal is a tool to help traders learn from past successes or failures. It’s not a complicated idea, but it’s one that more investors ought to be taking advantage of.

There aren’t exact standard parameters for a trading journal, but the idea is that it’s a log of buying and selling activity that can help to illuminate one’s own habits for purposes of learning and improvement.

3. Guard Yourself From Advice

This doesn’t mean that advice is bad, but it does mean you should judge each tip on its own merits. Venture capitalist Mark Cuban has made the point before that if a broker could make every client a millionaire, she’d be charging a lot more.

A lot of people who speak from a position of expertise in finance may not necessarily be experts on your own situation—or even in general. Advice is invaluable given the aforementioned fact that investors should always look to learn new things, but you still need to be careful about who you listen to and when and why.

4. The Market Is Wild; Stay Calm

Finally, don’t get hung up on volatility. Financial markets are always moving, and a lot of inexperienced traders and investors can become frustrated trying to track movements and time their transactions perfectly. The longer you stay involved with this sort of financial practice, the more you come to understand that the markets are always volatile and wild. The most important thing you can do as an investor is to keep calm and carry on.

When Should you File for a Patent

patent

Before you get too excited about your little idea, start talking in front of the wrong people, you need to protect it. An idea simple has no value. You need to have proof that you yourself came up with whole idea, i.e., the idea is absolutely original. But patenting every idea that comes up your mind may not be feasible. The important question is- is your idea a business opportunity or an invention?

Patenting is an important tool to secure your product in the market, but it may not be your ticket to success. So before you spend thousands of dollars, filing a patent, you need to analyse whether your idea is indeed a smart business move. Securing a patent should never be your first step, because not all patented products stand through market dynamics.

So the very first step should be to analyse the idea, beyond your gut feeling and encouraging comments from friends and family. This involves a proper market research with an attention to product development. You are supposed to do a preliminary check on your target market, manufacturing and distribution costs, comparing costs of similar products, etc.,  before you invest a great deal of time and money on patenting your invention. How profitable is your invention in the actual market?

Do a preliminary patent search: Before you file for a patent you have to make sure no one else have patented your idea already. You can start with a basic search at www.uspto.gov. If you find any sort of non-patented artwork related to your idea, you cannot patent it.

Design a Prototype: A prototype is an early model or sample built to test a concept, which has all the specifications of the real working system. This is the design of the invention you will be presenting before the potential investors. Prototyping is necessary so that you discover all the flaws or kinks before your idea can be patented.

Once you have carefully covered up all the loopholes in your project, you can finally consider if you want to patent your idea or not. If you don’t want to go for a patent, you may want to consider filing for a trademark or copyright instead- a less expensive and easier option.

You may also want to make an important decision- whether you want to manufacture and sell the product all by yourself or you want to license for sale to another company. In both these cases, patenting will justify your investment in design.

After your research on the idea, designing of the prototype and working out the entire kink in your design, you can finally file the patent. While you are writing the patent and filling out the application on your own, it is better to get legal aid when you file the patent, so that any loophole in your patent document does not allow your competitor to copy your idea.

This is when you create a business plan and figure out how you would bring your product to the market.

While your patent attorneys will always recommend you to get a patent first, don’t just surrender to their advices, before you make an actual evaluation on your choices. Keep your mind open!

How to Simplify Your Money Setup and Enjoy Financial Freedom

simplify-finance

Good financial management is one of the toughest things a lot of people try to learn and master. But with a little effort and commitment, it shouldn’t be that complicated.

Essentially, you must understand and practice how to be a minimalist without necessarily having to become a recluse or depriving yourself of the good things of life. It’s more about how you’re able to simply and set up a smart and stress-free financial structure that helps you focus on what is important and secure your future.

Below are guidelines that set you on the path of this objective.

Focus on your need, not wants

By nature, we want more and too often get into a habit of splurging on impulse buys, shopping for pleasure, and looking to purchase items that boost our status or ego. This can lead to living in a house full of things that aren’t essential, and that we’ll eventually have to learn organize or get rid of.

This is a mindset that evolves from years of constant exposure to advertising; and it isn’t a habit that’s easy to stop. To work yourself out of this financial-limiting attitude, make a conscious effort to always differentiate between what you need and what you want or that’s more of a money-guzzling luxury. Focus your spending budget on your need.

Save for an emergency fun

Setting aside an emergency fund will give you a peace of mind, otherwise you’ll live constantly live on the edge, from income to income and month to month.

As the name implies, an emergency fund takes care of unexpected expenses (and they’ll come every now and then) and ensures your financial goals are not derailed.

So, start today setting aside a substantial buffer fund and slowly build it until you’re able to double or triple the sum. To achieve this objective, you’ll have to cut out unnecessary spending and periodic payments that’s become a routine but falls into your ‘want’ category. This list could include anything from magazine subscription, to cable TV, buying books that are readily available in the library, a bigger car, a bigger home et cetera.

Track your spending

if you can, carry a notebook or use a phone app that helps you track your spending.

One smart mobile tool is the B money-saving app, which helps you with great budgeting functions and lets you know when it’s a good time to spend or save money. The B app helps you see where your money goes, stay on your financial target, makes savings look less than a chore.

With limited practice, tracking your spending helps you develop a positive money attitude and avoid impulse spending.

Ditch the credit card, use cash instead

Credit cards are good, but only when you have financial discipline. More often, credit cards create a dent on people’s finances because they spur a habit of spending money that technically doesn’t belong to the holder and therefore keep them in debt.

It’s possible to use credit cards responsibly, but in most cases, they’re a huge temptation. It’s easier to have spending control with physical cash or debit cards, which represent money you actually own and don’t have to pay or accumulate interest on.

How to Save On the Cost of College

college_cost

Going to college is definitely something that doesn’t come cheap. College tuition fees can soon mount up, leaving those who want to pursue an education having to raise tens of thousands of dollars to cover the cost of their degree, or with no choice but to get into a substantial amount of debt. With student debt at an all-time high and the cost of student living and tuition on the rise, it’s no surprise that there’s an increasing number of students who are looking to drive down the cost of their education as much as they possibly can. We’ve put together some handy tips for saving money as a student.

Opt for Online Study

Online study is becoming more and more of a popular method of getting your degree, with online business programs, healthcare programs, and much more available online. Online learning has also become more well-known and popular with a range of reputable colleges, such as MIT, adding online programs to their prospectus. Online education is not only gaining a great reputation due to its added flexibility, it’s also often much cheaper than classroom education, with online students paying up to a third or more less for tuition.

Save Money on Textbooks

Buying textbooks and other learning materials is often one of the biggest costs faced by students who are trying to do well in their degree. Most courses will come with extensive reading lists, however it is then up to the student to make sure that they have access to the necessary books and other resources needed to complete their course. Looking for alternative, cheaper methods of obtaining textbooks and other study resources, for example buying second-hand textbooks from previous students, borrowing books from a library or even looking for cheaper online versions can help you to save some extra cash when you’re on a student budget.

Study Part-Time

Studying part time can often work out more cost effective than studying full-time, especially if you are an adult returning to education and have more financial commitments than younger students, for example a mortgage to pay off. Part-time study has the disadvantage of taking longer to complete than full-time courses, however, it also gives students the time and flexibility that they need in order to continue working full-time whilst studying, making it easier for them to pay not only for their current expenses but also for their education.

Apply for Financial Aid

Last but not least, no student should rule out the possibility of being awarded financial aid when it comes to saving money on their studies. Whether you are enrolled on an online business degree or are studying to become a nurse, there are plenty of different financial aid grants or loans which you may be eligible for. Financial aid is granted for a range of reasons, whether it’s to do with your own financial situation, or something else such as the course which you are studying. Because of this, even if you find out you’re not eligible, applying is always worth it.

Studying can be expensive, but with these top tips, you can slash the cost of a good education.