Car Insurance: How Much Will Your Company Pay For?

Car insurance. Everyone needs it, it’s the law. A lot of us wonder, how much do I really need? What if I have a high risk driver in the household? What is the difference between liability, comprehensive, and collision coverage? It can get a little confusing, especially if you are a first time buyer. It’s very important to understand what coverage you have and how it works. Here are some explanations and guidelines to make things clearer.

As a young person starting out, you don’t really have much of anything. You probably have a ‘hoopty’ car with something missing or a bad paint job. My first car was a white Mazda 323 with no radio, air conditioning or electric windows. Talk about bare bones. When you are in this situation you are commonly known as “judgement-proof.” This means that you may lose your case if someone decides to take you to court over an accident. Why you ask? Being ‘judgement-proof” means you have no real assets to take. If you were older with some cash in the bank or an expensive piece of jewelry on your finger or around your neck, things would be different.

Should I Buy Minimum Levels Of Car Insurance?

In the insurance levels below, the first two numbers refer to bodily injury which is what pays the hospital bills. The first number is per person, the second number is per accident. The third number is the property damage limit, which repairs or replaces the car of anyone you hit.

*In most cases, minimum liability insurance is not enough to pay for major damages in accidents and to property. It is the absolute minimum you need to drive legally.

*50/100/50: As you get older, your net worth will rise. As it does, raise your coverage to match. What is your net worth? What you own minus your debts. Assets can include the current worth of your house, what is in your checking and savings accounts and if you have investments, the value of your stocks. Liabilities include all your debts like car payments and credit card bills.

*100/300/100: Financial experts say this is the level for the typical middle class family. These earners have a pretty adequate savings account. Moving to this level of insurance does not cost exponentially nor will it cost double what you were paying before. It may only raise your rates a few dollars a month.

*250/500/100: If you eventually own an expensive home or have saved diligently to the point of being in the millions, although you don’t think of yourself as rich, supplementing this with an umbrella policy is usually recommended. The policy should extend your protection by 1 million or more. This is relatively cheap.

How much car will your insurance pay for?

Do I Need UnInsured Motorist Car Insurance?

Every state is different. You may be required to buy uninsured motorist coverage which pays your medical bills if someone hits you who is un-insured. Under your state you may only be offered this coverage which you can turn down. However, if you decide to purchase this coverage it will be available in the same amounts as liability coverage.

You may even be required to have uninsured property damage. This covers some but not all of the damage done to your car. In most states, uninsured property damage does not cover hit and run accidents.

Check online about the required coverage in your state but sometimes if you have health insurance and collision coverage you possibly have to purchase these insurances. However, your insurance agent may advise you to keep them regardless. This is because both can minimize your financial losses due to deductibles and coverage caps.

 

What about comprehensive and collision?

If you are still paying on your car you are required by the bank lending you the money to have comprehensive and collision. These insure that your car will either be repaired or replaced. Remember, liability only fixes the cars of the other properties.

Like with other coverage, you need to pick a deductible for comprehensive and collision. Any damage below that amount is your responsibility. It is recommended that you keep deductibles low while still paying off a car. When you are done paying off the car, get an emergency fund built and raise your deductible to match that amount.

If you own your car outright, talk to your insurance agent about dropping these coverages. He or she can offer great advice to guide you.

What about medical payments and personal injury protection?

Check and see if you live in a no-fault state. If you do, you may be required to buy personal injury protection. This way your injuries in a collision are always covered up to your limits regardless of who’s at fault. This usually covers for lost wages also.

Medical payments are optional in most states, but check anyway. If you don’t have your own health insurance, your insurance agent will probably recommend keeping this coverage. If your health plan is high coverage however, medical payments may help pay the deductible.

As you can see, there are many aspects to car insurance. Asking the right questions and picking the right levels will have you driving worry free. There is no such thing as a dumb question regarding insurance. The last thing you want to find out after an accident is you made an accident picking your coverage.

Photo courtesy of stevepb via Pixabay.com

 

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Looking To Start A Freelance Writing Career?

Are you looking to start a freelance writing career? Jump online and you will find tons of information. There are tons of courses, books, pins on Pinterest, and ads on Facebook. It’s enough to make your head spin. Courses in freelance writing can be expensive and there are plenty of books on the subject. But what if you just want to dip your toes in? What if you just want to read up on how to start this career and not spend a lot of money? Then you need to check out the book Make Money As A Freelance Writer by Gina Horkey  & Sally Miller.

Looking To Start A Freelance Writing Career?

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How Do I Start Freelance Writing?

If you are curious about looking to start a freelance writing career, this book will take you through seven steps to build your freelance writing career. Many subjects are discussed such as:

*The thrill of starting a new business

*Overcoming Fear

* Finding your niche

*Creating a portfolio

*Sourcing jobs

A Career In Writing.

This book is short, concise and will give you all the information you need to make a decision weather freelance writing is a good fit for you. If you have already made a decision that this is what you want to do, it will be a good blueprint to get you started also. Gina and Sally are two ladies on top of their game, so you will be learning from the best. You have nothing to lose and everything to gain. As Gina says, “Why not you? Why not now?” Looking to start a freelance writing career? This is the book you need. Grab a copy and make the decision to start your freelance writing career today.

Photo courtesy of FirmBee via Pixabay.com

 

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Cash Is No Longer King And The Disappearing ATM’s.

Our society has come to the point that cash is no longer king and there are disappearing ATM’s. We live in a fast paced world. Everyone wants everything now and things can be paid for in an instant. Many of us probably can’t remember the last time we actually held cash in our hands. However, having cash on hand can sometimes be very convenient. Like when you don’t want to use your debit card for a single soda or coffee or when the kids need cash for the field trip they are going on tomorrow. No need to worry, just swing by the ATM and withdraw some money. But what if the ATM you are so used to going to didn’t work anymore? This may be becoming more of a reality than we think. Why, you ask?

Disappearing ATM’s.

Cash is no longer king and the disappering ATMS

As we all know, cash is no longer king in our society as it once was. Paying with plastic or with an electronic device such as an iphone is the new normal. This could become a huge problem. With the release of the new chipped debit and credit cards, the everyday ATM in the grocery parking lot may not have the updated technology to process your transaction. You may have to go directly to your bank in order to get your cash. Because there are disappearing ATM’s across the country, this may be your next best option.

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By October, ATM owners must upgrade their machines to take chipped cards or face liability for certain types of fraud. The biggest issue is that the upgrade and ongoing maintenance to these machines is so expensive, it will cause some owners to shut some of them down.

There is a chance up to 10% of retail ATM’s (those not owned by a bank) being thrown out while others simply cannot be upgraded, causing yet another abundance of waste in our land fills. This can have a huge impact for the population that lives in more rural areas and only has access to one or two machines in their area. This is a very eye opening example of how disappearing ATM’s will be a reality. Cash is no longer king.

Vanishing Out Of Sight.

If ATM owners do not have their machines upgraded by October 1st they will be liable for any counterfeit fraud that is conducted on the machines. So far, only 20% of ATM’s have been replaced/upgraded to accept the chip cards.

Thieves have already figured out how to steal from ATM’s despite the new technology. Some owners are having trouble acquiring the hardware to upgrade in time.

It’s becoming more and more clear that cash is no longer king and ATM’s are disappearing in our plastic driven society.

Despite the convenience of the ATM, debit and credit cards, it may be time to return to the ways of our grandparents. Cash was king. This way, we may get a few dollars stolen but not the rest of our lives. In the meantime, it is disturbing to think that there are disappearing ATM’s across this country. Cash is no longer king and ATM’s are disappearing.

What are your thoughts on vanishing ATM’s?

Photo courtesy of peltierclem via Pixabay.com

Photo courtesy of geralt via Pixabay.com

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When I’m Gone: Alternatives To Funerals.

There are many alternatives to funerals. Death is never something we want to think about. Even more so when a loved one dies unexpectedly. It’s especially hard when said loved one didn’t have a will or when family members can’t agree on the particulars of the funeral. Here are some ideas to consider to help keep the peace and also keep costs down if specifics were not given.

Making A Shrine In Your Home-Having a shrine in your home doesn’t have to be creepy. This should be a place in your home where you put photos, objects, writings, scents or anything else that reminds you of your loved one. This is one of the much more personal alternatives to a funeral.
Birthday/Anniversary Memorial– Get the family together to celebrate your loved ones life on a special day. Weather it be Grandma and Grandpa’s anniversary or your Aunt’s birthday. Spend time doing the things they loved. Have their favorite meal. You can also plan a formal memorial service for friends and family to attend.

Alternatives to Funerals

Other Ideas Instead Of A Funeral.

Personal Ceremony Grave site-Have a group get together to clean up the grave site. Pull weeds and make sure the cemetery staff is keeping up with the lawn maintenance. Once the initial maintenance is done, decorate the site with flowers. My cousin puts the bouquet of flowers I used at my wedding in honor of my Aunt on her grave every spring. When fall comes, she returns it to her house to use the following spring.

Spread The Ashes-If your loved one chooses to be cremated, spread their ashes. You can spread some across several different places or all in one place. You could even plan to take a trip to somewhere they always wanted to go and spread their ashes there.

There Are No Right Or Wrong Alternatives To Funerals.

Create A New Tradition-Visit somewhere meaningful to your loved one. Travel to their hometown or visit the place where they had their first vacation or first fell in love. You can also volunteer for a special cause close to their heart. If they loved animals,volunteer at an animal shelter. Did they love babies? Volunteer to sit and rock babies at your local hospital in the NICU.

Skip The Funeral Home Altogether-As long as you have permission, a funeral can be held anywhere. At home, at their place of work, in a hotel, etc. There may be stipulations as far as weather a coffin can be present or not.

Alternatives To Funerals.

Plant Something-If your loved one naturally had a green thumb or just loved to be out in nature, plant something in their honor. It could be a tree in the backyard, growing their favorite fruits and vegetables in the garden or hanging their favorite flowers on your porch. This is a beautiful alternative to a funeral.

Create A Memorial Book-Let family members young and old create a page for a memorial book. It will help everyone get their thoughts and feelings out and have memories to reflect upon for years to come.

There are many different ways to celebrate a loved one after they are gone. There is no right or wrong way to remember someone. If no will has been left or the finances simply aren’t there, there are many alternatives to funerals.

Photo courtesy of MisersMillions via  Pixabay.com

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From Ground Zero: How To Build Savings.

Money is tight these days. Everything seems to be a mess, from the national debt to unemployment to our personal debt. With jobs disappearing and paychecks shrinking, we wonder how we will ever save and get ahead. Today’s post, From Ground Zero: How To Build Savings is for you. Here are a few ideas on how to save money and build savings in a way that you will never miss the cash.

Start Small: I have a jar that I put all my one dollar bills in. Sometimes I will throw in a five. I don’t even miss it. I just watch it pile up. It’s not going to give me hundreds but an extra $30-$50 is nothing to turn your nose up at. I started this in January and am trying to hold out until around November 1st.

Jingle Jar: Just like Lucy from Peanuts, I love the jingle of cold, hard cash. At the end of every week I dig through my purse and throw all my change into a second jar. I make sure I have at least a dollar in quarters but the rest goes in. Once again, this has been going on since January. I can’t wait to see how this turns out. You can choose to save as long as you want before cashing in. (Out of curiosity, I  cashed my change in this past weekend after saving for about eight months and the amount was $145.00. Not too bad.) This is one of my favorite ways to start from ground zero and build your savings.

Save Effortlessly: Have a part of your paycheck automatically transferred to your savings every payday.

How To Build Savings From Ground Zero

Ways To Build Savings.

Take A Second Job: This could be anything from delivering pizza’s at night to pet sitting on the weekends and during people’s vacations to something you pick up online. There are many legitimate companies that hire customer service reps from home. Companies like Amazon, 1-800 Flowers and Apple. A great resource to start looking for these jobs is www.realwaystoearnmoneyonline.com.

Sell Some Stuff: Clean out your house and have a yard sale. Gather up your old DVD’s and CD’s and sell them to a site like SecondSpin.com. This site buys CD’s and DVD’s and will even pay for the shipping cost of sending them your stuff. Sell your old wedding dress online or through a consignment shop. Although it sounds so small, it will add up.

Start A Side Hustle-Everyone has a talent. Everyone has something they love to do. Figure out what that is and start a side business. It could be anything from making jewelry or selling baked goods to mowing grass or freelance writing. Another good way to start from ground zero and build savings.

More ideas on how to build savings.

How To Build Savings.

Trim Back Your Expenses: Do you really need cable? How often do you really go to the gym? Are there other ways to spend with friends other than going out? Try cutting out cable and watching all the movies and TV series you have collecting dust on shelves and in storage bins. Instead of paying a gym membership, go walking with a friend or take the dog around the block for an extra trip. Buy some work-out DVD’s to do at home or make use of the WiiU that never gets played. Have a friend over for lunch or coffee and a sweet treat. If you really want to go out, try going for breakfast or raid your coupon stash to see where you can save some money. If you have a buy one, get one coupon for lunch, credit the amount of the free lunch toward your savings.

How To Build Savings From Ground Zero

Use a meal planning service: I recently started using 5dollardinners.com and I absolutely love it. For five dollars a month I get a weekly meal plan with shopping list sent to my Inbox every Friday morning. Every dinner costs five dollars to make, so it will save you some money. Not to mention, taking the hassle out of planning your menu for the week. I haven’t used every recipe because some are not to my liking but the ones I have made have been fantastic. This is another one of my favorite ways to start from ground zero and build your savings.

As you can see, there are many ways that you can start building your savings from zero. If you put some of these ideas into practice, you could go from saving zero to saving hero faster than you think. I have used some of these tactics myself and it doesn’t take much to start from ground zero and build savings.

Photo courtesy of joslex via Pixabay.com

Photo courtesy of bethrosengard via Pixabay.com

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10 Date Ideas That Cost Close To Nothing

Everything costs money these days. Gas, food and living expenses keep going up and up. Want to have a night out? That will cost you too. A typical night at the movies will put you back $60. A typical restaurant meal could cost up to $50. A concert could cost $100 plus after taxes and fees. There are many ways to have a fun time with your significant other for not a lot of money. Here are 10 date ideas that cost close to nothing get you started:

Plan A Picnic– Pick out a place to have a picnic. Instead of buying food, challenge yourselves to make it from whatever you have on hand at home. This could be as simple as peanut butter and jelly with fruit to a bottle of wine and assorted cheeses to a simple pasta salad. If the weather is unfavorable, have it at your place or theirs.

That’s A’more– Make a delicious homemade spaghetti or pizza dinner. I’m talking homemade pasta or homemade dough. (Ask to borrow a friend’s Kitchen Aid Mixer with pasta attachment if you know someone.) If not, you can find recipes on Pinterest. To set the mood, have Italian music playing in the background. (Andrea Boccelli anyone?) If you don’t have any, find some on your favorite online radio station (Pandora, Spotify) etc. Relax later with a movie starring your favorite Italian actor or actress. End the night with a tiramisu flavored dessert.

10 Date Ideas That Cost Close To Nothing.

10 Dates That Cost Close To Nothing

Creative Ideas To Save Money On Your Next Date.

 Furry Friends– Spend the day at your local animal shelter volunteering. Clean out kennels, walk dogs and play with the cats. Who knows, maybe you will find another ‘baby’ to steal your heart. Check with the shelter first, some require volunteer training. A great example of a date that costs close to nothing.

Bookworm– Take some time to browse your local independent bookstores and then go to a local coffee shop for a cup of Joe.

Child’s Play- Spend an evening doing all the fun art projects you loved as a kid from finger painting to play dough to paper mache’.

Rule The Zoo– Find out if your zoo has a ‘free’ day and go see the wild animals.

 

10 Dates That Cost Close To Nothing

More Ideas For Great Dates.

Never Get Board– Go old school and break out the board and boxed games. Think ones you’re unbeatable at. Plan an afternoon/evening game playing marathon and place bets. Play for either funny money or pennies. The person who wins the best of three rounds in Scrabble, Monopoly, etc gets to pick what to do on your next date.

Time Warp-Spend a throwback evening in another era. If you have the attire, break out the poodle skirts, bobby socks, jean jackets, leg warmers, parachute pants, etc. Take in a drive-in movie, go to  a bowling alley, or a roller-skating rink. Evening fare could  include burgers, fries and malts. If you can’t find a drive in near you, squeeze into a booth at your local diner. Talk about what your lives would be like if you really lived in the  50’s, 60‘s, 70‘s or 80‘s.

Around Town– Make a list of all the cool, unique, independent shops you see around your town and go on a browsing spree. For example, on the square in the next town over there is an old fashioned candy store, a caramel corn store , a small antique store, a kitchen store and a children’s store, etc.

10 Dates That Cost Close To Nothing

Bake A Cake– Look  through lots of dessert books  and choose one that you would never tackle alone.  Shop for the ingredients and then make your crazy creation from scratch as the night’s entertainment. If you really want to be adventurous, try creating a wedding cake just for fun. Within reason, of course.

There are many ways to have a fun evening without breaking the bank. I hope you find inspiration from this list of 10 dates that cost close to nothing.

Photo courtesy of MAKY_OREL via  Pixabay.com

Photo courtesy of  terimakasih0 via Pixabay.com

Photo courtesy of twinklelacsamna via Pixabay.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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