Getting organized is one of the top New Year’s Resolutions each year. And while you might not be ready to organize your entire house, here are a few things you can do to quickly organize your finances!
Review Your Statements – Look over your bank and credit card statements for the past year. While it’s great to check for mistakes on a regular basis, this time you’re looking for things that you pay for each month. Those recurring monthly charges or fees can cost a lot if you’re not actually using the service. Look for anything that you can cancel in the new year and put that money in savings instead!
Check Your Credit – You should check your credit report at least once per year. You’ll want to look for mistakes as well as see your credit score to determine how healthy your finances are. Use a website like www.annualcreditreport.com to request a free copy of your credit report. Sites like Credit Karma are also an easy way to estimate your credit score. Your credit card company may also offer credit monitoring services.
Backup Your Computer – This might not be directly related to finances, but it’s a good reminder anyway! Take a few minutes to back up your computer, phones, and photos. Use a tool like Dropbox or iCloud to securely backup your documents.
Getting organized doesn’t have to be difficult! Take care of these quick tasks and be on the road to financial wellness in 2016.
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February and Valentine’s Day is a time when we do special things for the ones we love, which is why there’s no better time than right now to protect them through proper life insurance planning.
What do love and life insurance have in common?
More than you might realize. The motivation behind purchasing life insurance is love: We buy it because we love people and want to protect them financially. It’s also a gift that continues to give. The proceeds of your policy could benefit your loved ones for many years after you’re gone. Think of it as the ultimate act of enduring love.
A lot of people put off purchasing life insurance. It seems like a hassle. You don’t want to do any sort of medical appointment. It’s an extra expense. And, for the most part, you just plain don’t want to think about death.
But in today’s difficult economic environment where protracted high unemployment levels have taken their toll on American families, many American households are living paycheck to paycheck. In these times — when families don’t have savings to withstand the loss of an income — the need for life insurance is even more critical to protect families against unexpected death.
Here are three additional reasons why now is the best time for you to look into getting your life insurance plans in order (the sooner the better!):
- You’ll never be younger than you are today. While this may sound obvious, youth is on your side when it comes to life insurance both from a price perspective as well as insurability. With each birthday you’ll see your premium go up unless you lock in a great rate now. Don’t wait until you’re just young at heart to get covered.
- It’s affordable, with rates near historic lows. People overestimate the cost of life insurance by nearly three times, the actual price.1 In fact, life insurance rates remain near historic lows; the cost of basic term life insurance has fallen by nearly 50 percent over the past decade. For example, a healthy 30-year-old can buy a 20-year, $250,000 level-term policy for about $13 per month.
- Life Happens. One day life is going along smoothly, and the next, you’re thrown a curve ball. No one knows what the future holds. None of us expect to die prematurely, but the truth is roughly 600,000 people die each year in the prime of their lives. That’s why today is always the best day to take care of your life insurance needs.
Insure Your L♥ve
Contact me if you would like to be provided with the right tools to determine how much and what kind of life insurance might be right for you.
Sources: 1. Consumers Misinformed about Price of Life Insurance