Insurance rates keep rising, which leads to higher monthly escrow payments and can dramatically affect a family’s cost of living. Many factors contribute, such as frequency of storm damage and higher cost of materials for repairs, but another, more concerning, contributor is social inflation. Social inflation increases insurance costs due to increasing litigation, higher jury […]
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No matter how money savvy we consider ourselves, anyone can succumb to the temptation of a big sale or discount. Wise spending decisions aren’t always easy, so here’s some helpful advice. PLAN AND SET A BUDGET To spend wisely, it is crucial to start by planning and setting a budget. Evaluate your financial situation and […]
Statistics are interesting numbers. Some people love them, and others think they are a way to twist things to a particular advantage. Even knowing that results can be skewed, I still like to review financial statistics. I use them as conversation starters, an impetus if you will, to encourage people to step back and take […]
often hear, “Why did my rate increase? I have never filed a claim!” Let’s look at some of the reasons you may be paying more: HOW RATES ARE CALCULATED Insurance rates are determined through a complex process that accounts for various factors, which range from personal information like age, gender, marital status and occupation to […]
Almost nothing makes you feel freer than your prized vehicle. Making a car insurance purchase is an important decision that requires careful consideration. Having the right coverage can protect you financially in case of an accident or other unforeseen events. Here are some steps to help you make an informed auto insurance purchase: 1. DETERMINE […]
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Did you know that the general financial advice you get online or from your favorite financial “guru” can be wrong for you just as often as it is right? Read that again. There is a 50-50 chance that the guidance you get online or from listening to a financial personality or a random person on […]
According to CNBC, a lack of financial literacy cost 15 percent of adults at least $10,000 in 2022. The average cost, according to the nonprofit National Financial Educators Council, of financial illiteracy to individuals in 2022 was $1,819. How much has your financial literacy or lack thereof cost you in the past year? The average […]
