Finance Globe Blog

U.S. financial and economic topics from several finance writers.

What is a Health Savings Account (HSA) and What are the Benefits?

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The landscape of healthcare and healthcare costs are dramatically changing. Many companies are now offering high coverage plans and many are pushing high deductible plans to its employees to help keep costs down and put the “cost ownership” in the individual’s hands. Therefore, Health Savings Accounts or HSA, are becoming very popular. However, many people do not know exactly what they are and what kind of benefits come with Health Savings Accounts. Below is a...
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5 Simple Ways to Lower Your Home Insurance Premium

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Have you come to the conclusion that you’re paying too much for home insurance? Are you seeking ways to lower your premium, all without giving up too much (if anything) in terms of coverage? It goes without saying that you understand the importance of carrying a comprehensive home insurance policy. Even so, you should never get on board with the idea of overpaying for coverage. Below are five simple ways to lower your home insurance...
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Frank
We just increased our deductible from $500 to $2500. While the deductible is high, this saved us over $500 a year in premiums. As ... Read More
Saturday, 19 May 2018 14:23
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9 Things to Know About Credit Card Car Rental Coverage

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Many major credit cards provide car rental insurance, alllowing you to ditch the car rental agency’s expensive daily plan and save money on the cost of your rental. Before you rent, here are a few essential things to know. You must pay for the rental with your credit card . Coverage only applies when you use your credit card or rewards points to pay for the rental. You must decline the car rental agency’s collision...
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Frank
Be careful when car rentals try to force their coverage on you. They can be very demanding, but you are usually covered in other w... Read More
Monday, 30 April 2018 16:40
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5 Ways to Lower Your Car Insurance Premium

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Is your car insurance premium dragging down your monthly budget? Are you searching for ways to save on the cost of coverage? The only way to eliminate this expense altogether is to get rid of your vehicle. Since this isn’t an option for most people, you need to consider the many ways to save. Here are five ways to lower your car insurance premium: •    Shop around. It’s been said before and it’s worth saying...
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Frank
I took a safety driving course and lowered my premium 5%.
Monday, 25 September 2017 17:42
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Ways to Combat a Rising Car Insurance Premium

Ways to Combat a Rising Car Insurance Premium
Does it seem that your car insurance premium increases all too often? Are you ready to put an end to this once and for all? While there is no denying the fact that you must carry coverage, this doesn’t mean that you have to overpay for a policy. There are several steps you can take to combat a rising premium, starting with the following: 1. Change Companies Simply put, some car insurance companies charge higher...
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Frank
I usually take an annual traffic class online. This helps keep my premium low.
Monday, 22 May 2017 10:44
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Are You Familiar with these Reasons for a Car Insurance Rate Increase?

Are You Familiar with these Reasons for a Car Insurance Rate Increase?
Wouldn’t it be nice if your car insurance rate remained the same, year in and year out? Unfortunately, you’ve probably come to find that this isn’t the way things work. There are some obvious reasons for a car insurance rate increase, such as an at-fault accident or receiving a moving violation. However, there are other reasons for this that fly under the radar. Consider these two points: 1. Life Changes Many drivers overlook the fact...
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Frank
You are right about the change in commute. I got a new job recently where my commute doubled. I unfortunately found out my insuran... Read More
Friday, 26 August 2016 13:13
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Do you Disagree with Your Car Insurance Premium?

Do you Disagree with Your Car Insurance Premium?
When you receive your car insurance statement in the mail, your feelings can go one of two ways. Maybe you will be excited that your premium remained the same or decreased. Or maybe you will feel disappointment when you realize that you are being asked to pay more this statement period. There are times when you realize that your premium will increase. For example, maybe you were involved in an at-fault accident or received some...
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Frank
I unfortunately received a few seat belt tickets, and my previous existing insurance provider almost doubled my rate. Luckily I wa... Read More
Thursday, 21 April 2016 16:27
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Consider these Points when Shopping for Long Term Care Insurance

Consider these Points when Shopping for Long Term Care Insurance
There are many types of insurance you can purchase, with a long term care policy often at the top of the list. This may not be something you think about in your younger days, but as the years go by it could be a purchase you are willing to make. Before doing so, there are several points to consider. These include: •    Your age and health. Are you looking to save money on the cost...
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Frank
Evaluating your family and friends is very important when shopping for long-term care insurance. You really need to evaluate who a... Read More
Tuesday, 08 March 2016 09:40
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3 Top Tips for Buying Renters Insurance

3 Top Tips for Buying Renters Insurance
If you rent a home or apartment, as opposed to owning, you should consider the benefits of buying a renters insurance policy. This coverage is designed to protect you against loss due to natural disaster, theft, or accident. Just the same as any type of insurance, there are many companies that sell this coverage. Furthermore, you have a variety of options when making a buying decision. To ensure that you are on the right track,...
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Recent Comments
Frank
Great information. I would just simply add to make sure you do in fact get renter's insurance. Some people see it as a waste, but ... Read More
Thursday, 18 February 2016 11:19
ChrisB
You are so right, Frank. It's a cheap purchase that could save you thousands if disaster strikes!
Thursday, 18 February 2016 12:06
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Could you Benefit from Whole Life Insurance?

Could you Benefit from Whole Life Insurance?
Many consumers immediately turn their attention to term life insurance when it comes time to buy coverage. There is one reason for this: cheaper premium payments. While there is a place and time to purchase term life insurance , you should not do this by default. There are many benefits associated with a whole life insurance policy, some of which could point you in this direction in the near future. If you are on the...
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Frank
If you have a family or a loved ones that rely on you, I would recommend researching whole life insurance. As Chris mentioned, the... Read More
Friday, 29 January 2016 09:38
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