Money

Money never stays put. A simple glance at the world’s financial markets shows money always in motion. This is true of large economies, but it’s also true of individual bank accounts.

If you have any money at all, it doesn’t stand still. There are several ways this happens. If you want to get in control of your money, and your future wealth, it’s important to appreciate the way money moves and evolves. Without this knowledge, it’s hard to understand how your wealth will change over time.

Money Gets Stolen

Fraud is becoming ever more common in the personal finance space. Even if you haven’t had your own money stolen through fraud, you almost certainly know someone who has.

Between credit card schemes, data breaches, and the ongoing PPI scandal, it’s easy to lose money simply because someone else found a clever way to steal it. To keep this from happening to you, it’s important to: use credit cards (much easier to recover money stolen through fraud than with debit cards), contact Canary Claims - PPI claims company (if you have been victim of the PPI scandal), and never to put delicate personal information in places where it could easily be stolen (like in your primary email). ...continue reading

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date night on a budgetValentine’s Day is right around the corner, which means gifts and candy may be in order. Valentine’s Day can cost an average of $580 for gifts and food, but it doesn’t have to. Here are 20 ideas to help you plan the perfect Valentine’s Day date night on a budget.

Walk Around The Park

If it’s not too cold in your area, go out for a nice walk around the park. This date night on a budget allows for some nice conversation while you enjoy the scenery.

Fondue Night

You don’t even have to have a fondue pot for this date. Grab a crockpot or camp out by the stove, and serve some delicious melted cheese with some of your favorite dippers.

Check Out A Museum

This date night on a budget is great if you are both fans of the arts. Check to see if your city has any free or half priced museums near you. An easy way to find a ton of museums is this website.

Board Games

Got any board games lying around collecting dust? Pull them out and challenge your significant other to a duel. Don’t get too competitive though, this date night is supposed to be fun! ...continue reading

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car insuranceChoosing a high deductible is a way to save money while fulfilling the legal requirement in many states to have car insurance.

Going from a $500 deductible to a $1,000 one will save 5-10 percent on the premium, or about $15 in monthly savings for the average consumer. Moving three or more cars to a $1,000 deductible could add up to a fair amount of car insurance savings.

The savings could be put away to pay the deductible. Saving about $100 over six months of insurance premium payments can allow some people to pay their bills.

A higher deductible won’t only lead to lower insurance premiums, but to fewer claims filed to keep them low.

There are some things to consider before making such a decision. Here are some of them:

Have $1,000 stashed away?

It would be wise to have the higher deductible amount in a liquidity fund such as a savings account to cover you if you have an accident and have to pay a deductible — which is a specified amount of money an insured person must pay before an insurance company will pay a claim.

Deductible amounts are typically in increments set by each state’s insurance department, often set at $100, $250, $500, and $1,000. The higher the deductible, the lower the insurance premium because the insured is taking on more of the risk. ...continue reading