Tuesday, 26 February 2013

How to Avoid Overpaying for Insurance

Insurance is an expense that you have to deal with.  To not have insurance means not protecting yourself against something you might not necessarily be able to afford.  It is so important that in many cases it is mandatory to have or even illegal not to have it. You may already think that how to avoid overpaying for insurance.

But despite the sometimes annoying enforcements of insurance, it is a truly important product that all responsible adults must have.Avoid Overpaying for insurance

However, insurance can be expensive.  Paying your premiums often takes a serious chunk out of your monthly income if you let it, but you don’t necessarily need it to.  But remember that each type of insurance has different rules for saving money.   Here’s how to not overpay for your insurance:

Avoid Overpaying for Insurance


If you are buying a home and you are open to locations, choose a place that doesn’t suffer many natural disasters.  This, of course, is easier said than done, but it’s worth considering.  Avoiding natural disasters is good for every part of your life.

But if you already have a home, make sure to keep it as safe as possible to be eligible for the different discounts that insurance companies offer.  For example, some companies offer a discount if you have a fire extinguisher in the house.  Another really common discount is to have a working security system.

The safer your home is the less expensive your policy will be.


If you are in the process of buying a car, remember that the flashier your car is, the more expensive it is to insure.  This is because flashier cars tend to drive faster and get more moving violations and ultimately accidents, so keep this in mind when you are choosing a car to buy.

Insurance companies give discounts for anything that they believe shows that you are less likely to get into car accidents and cost them money.

To prove to insurance companies that you will not get into accidents, you must show them that you are responsible.  That’s why things like good driver and good student discounts exist.  The longer you can go without getting into any kind of trouble,more insurancee companies are going to assume that youwantt in the future.


The key to saving money on life insurance is twofold: choosing the right type of life insurance and being healthy.

There are essentially two types of life insurance: term and whole.  Term life insurance is just plain old life insurance than pays your beneficiary if you unexpectedly pass away, and the policy expires eventually.   Whole life insurance lasts for your whole life and has an extra investment component attached to it meaning policies are much more expensive than term policies.  So choose the right one for your situation and remember that you can always invest your money yourself.

The way life insurance companies determine how much your policy is going to cost is by figuring what your chances to suffer an untimely death are.  The healthier you are and the safer your job, the cheaper your premiums will be.

Insurance is a game of probability.  The less chance that you’ll actually need to use your insurance, the cheaper your insurance will be.

 How to avoid overpaying for insurance

Saturday, 23 February 2013

How to Save for Retirement

The idea of retirement is a very attractive. All of a sudden you get all of this free time that you didn’t have before, and you can do anything you want to do without a schedule holding you back. No matter if you work as an investment banker, an insurance agent who uses auto insurance leads, or a librarian, everyone needs the option of retirement to pursue other things at your leisure.

You can take up a hobby or go travel or do anything else. Retirement can be glorious. The only source of concern is money. Sure you’ll get social security and maybe a pension from your work if you are lucky,save for retirement but chances are that won’t be enough money to sustain you, especially if you have debt or a mortgage to pay off. The only way to ensure your financial comfort during your golden years is to take it into your own hands and start saving for retirement now.

Save for Retirement

You’ve got two options (well you’ve got many different options but these two are the most popular): IRA and 401(k).


IRA stands for individual retirement account. Although there are many different types of IRAs, but for the purpose of simplicity, we’ll stick to just the original. This is just like an ordinary account with a few important differences.

With an IRA you choose a term like five years or ten years. Within your chosen term, you cannot take money out until your term is up and your money has ripened. Well you technically can but you have to pay a penalty. Although you can deposit money into your IRA during your term.

An IRA also typically has a better interest rate than an ordinary savings account. The interest rates available depend on the state of the economy. When the economy is steady and growing, lending institutions can afford to offer higher interest rates.

Another benefit of IRAs is that there are special tax breaks, making these accounts even more profitable than a regular savings account.


401 (k) s are slightly different from IRAs. These retirement accounts are set up by your employer and are considered to be a benefit of your job, like health insurance. You choose how much money you want to deposit into your 401 (k) monthly. This money is then deducted from your paycheck.

There are two reasons why people choose a 401 (k): because they can deposit money from their paycheck before it gets taxed and because many employers have a matching program. Depositing money before it has been taxed means that you can put more money into your account. But keep in mind that your 401 (k) will be taxed once you take money out which you cannot do until you retire. Also, many employers will match or partially match your contributions (usually up to a certain point like$2, 500 a year) to encourage you to save for retirement.

The time to save for retirement is now. The earlier you start, the more your money will mature and the more comfortable you will be when you retire.

Related Posts

How to invest in retirement plan after 50

IDBI Retiresurance, a unit linked insurance plan

LIC Pension Plus, Guranteed Pension Plan

Tuesday, 19 February 2013

Best Investment Ideas and Tips – Book Review

Investors are always looking for best investment ideas and tips which is suitable for their investment needs and financial goals. Almost all investors need more profitable investment avenues. If they get high profit or high interest, most of them will go for it, if the risk factor is minimal. Best Investment Ideas and Tips Here an e-book provides you Best Investment Ideas and Tips. This is one of the important books which reveals great investment ideas. One can easily grasp these ideas and can make it practical.

Best Investment Ideas and Tips

For a good portion of investors, investment is emotionally also. They are investing to satisfy their dreams. Most of these dreams are long term needs such as buying a house, marriage of themselves or their children, higher education of their children and so on.  But some of them, it is not emotionally.

Here the Book “Best Investment Ideas and Tips” reduce the stress of investing your hard earned money. It handles the topics such as knowing the emotional side of investing, Investment plans which give a definite result, different financial markets such as the stock market, Forex., the need a financial advisor, Best investment methods for particular needs, Various investment scams and how to avoid them and many more investment related guidance.

This book is really an asset for investors which guides you the right path in their investment journey. No doubt you can attain your investment goals, if you strictly go through the ideas which the book provides. Just have a look at the book Best Investment Ideas and Tips


Sunday, 17 February 2013

Home Business Entrepreneurs get help from IHABE

IHABE or International Association of Home Business Entrepreneurs helps you in your home business. It gives all tools and training free of cost for those who are doing or wish to do home business. These resources are helpful to promote your home business. One can easily join them with a small subscription and can avail all resources for your home business.

International Association of Home Business Entrepreneurs  (IHABE) is an organization which helps those people who wish to do home business or those who are doing home business. It has lots of tools and resources to develop and promote profitable home business. With these tools you can set up, build and expand your home International Association of Home Business Entrepreneurs business.  No doubt you can save a lot of time and money while joining and getting help from them.

Home Business Entrepreneurs

The membership cost around $30 which is almost one dollar per day and it come with 30 day money back offer.All new subscribers are offered with a bonus worth $1000 and these bonus offers are valuable contents and tools. This will not be taken back from you even if you withdraw your membership.

A subscription with IHABE (International Association of Home Business Entrepreneur ) offers the following:

Free articles on today’s home business topics

Seminar from top home-business owners

Monthly Software which is helpful for your home business

Review of latest home business books and tools

Marketing aids for more sales and more profits

Subscription to top magazines helpful for your home business

Free best selling books related to home business

Special access to IHABE home business web resources

Inspirational thought of the day

Many more services

The beginners can avail orientation guide free of cost. Exclusive home business articles from experts which is helpful including home business and marketing courses. If you wish to join with them or just have a look sign up with the link below.

Sign up here.

Wednesday, 6 February 2013

Invest Liquid Cash in Mutual Fund

The Peerless Mutual Fund allows you to invest liquid cash in Mutual Fund. This is to attract those customers who are not using banking facility. They are allowed to buy retail mutual fund schemes through selected branches of Allahabad Bank.

Under this scheme an investor can invest liquid cash up to Rs. 20000 in a mutual fund a financial year. The investor is allowed to invest up to Rs. 20000 in mutual funds every year if he likes to do so. This is invest liquid cashallowed as per the guidelines of SEBI (Securities and Exchange Board of India).

As per the words of one of the senior officials of the Peerless Funds Management Company, the Mutual Fund House aims to cater the un-banked customers in tier-III and tier-IV locations through this move.

In the first phase this cash investment facility of the mutual fund will be available soon through selected branches of Allahabad  Bank and wish to extend  gradually to 2500 branches all over  India.

The company says that the liquid cash investments will be added to non-requirement of PAN for such investors will make mutual funds popular among rural and semi urban areas.

But it is not sure that whether KYC is required or not for this cash investment in mutual funds.

Related posts

SBI Magnum Emerging Business Fund

SBI Tax Advantage Fund Series II

How to buy mutual funds wisely

Invest Liquid Cash

Sunday, 3 February 2013

AICPIN (IW) for December 2012 is 219

All India Consumer Price Index Number for Industrial Workers for the month of December 2012 recorded as 219 points. This is just one point rise from the AICPIN (IW) of November 2012. The percentage change in one month is 0.46 % between November and December 2012.

This time the increase is due to the price increase of the essential commodities such as Rice, Wheat Atta, Groundnut oil, Fish Fresh, Goat Meat, Poultry (Chicken), Onion, Tea (Leaf), Tea (ready made),Electricity charges, Firewood, Sweater, E.S.I. Contribution, Medicine (Allopathic), Private Tution Fees, us fare, Flower/ Flower Garlands, Tailoring Charges etc.

The largest increase of 10 points recorded in the Hubli Dharwar centre. In Quilon it was 8 points and in Mundalakkayam and Ernakulam it was 7 points. The largest decrease  of 5 points in Center wise points recorded in Doom Dooma Tinsukiya centre

The declaration of AICPIN (IW) for the month of Decemeber 2012 is almost fixed the confusion about the Expected Dearness Allowance which would be declared w.e.f January 2013 as 8%. Central Government Employees may get 8% more D.A from  January 2013 onwards. The present Dearness Allowance is 72% and the next D.A will be 80%.

Related Posts

AICPIN (IW) for Nov 2012

AICPIN (IW) for Oct 2012

AICPIN (IW) for Sept 2012