Pennysaverblog – Page 211 – Smart Finance and Money Saving Tips

Budgeting

How To Survive Financially After Losing Your Job

Losing a job can be devastating, but it’s an experience that just about everyone has to go through at some point. Perhaps you were fired for a critical mistake, maybe you were replaced by another ambitious professional, or it’s possible that you’ve simply been laid off as a result of company-wide downsizing. There are a million and one reasons why you may have lost your job, but that’s not important now. The past is over and done, and you need to focus on making progress in the future. Financial survival after job loss should be your first immediate concern.

Begin by taking stock of your finances so that you can figure out where you stand in the world. Calculating your income should be relatively simple at this point. If you have any future pay coming to you, in uncollected checks or severance pay, include those figures in your calculations. Figure out how much money you have in your savings, credit, and assets, and then start looking over your expenses. Prioritize your bill payments and spending to put the most essential expenses first. You may have to make some sacrifices in the near future, but cutting frivolous expenses out of your budget can help greatly in relieving your present financial strain.

March 18, 2013

Shopping

Essential Versus Luxury Car Features – Which Do You Really Need?

Are you in the market for a new car? If so, you might have your eye on one of the luxury vehicles that are on the market and if so, who could blame you? Aside from how attractive they are, there are so many features that they have that make driving a true pleasure.

However, if your budget is saying that you can’t really afford a luxury vehicle, the good news is that that there are some “luxury features” that you can request in a car that retails for far less money; features that will not just make you feel like you are living among the rich and famous, but will prove to be ones that you actually do need.

So what kind of essential luxury car features should you look for in a standard automobile? We’re so glad that you asked:

Leather seats. There are very few luxury cars that you’re going to see that do not have leather seats. Although they do make a car look quite expensive, there are some practical reasons for why manufacturers put leather in certain cars. Leather is comfortable, durable, it’s easy to clean, it doesn’t trap odor into the fabric and it’s great for individuals with allergies because things like dust, dirt and particles do not penetrate the fabric.

March 15, 2013

Health & Beauty

How To Select The Right Disability Insurance

You might think that businesses are the only ones that need to worry about selecting disability insurance (for workers that are injured on the job, for example). In fact, many people don’t even know that they can get a personal disability policy to help them pay for medical expenses and bills should they suffer an accident, injury, or illness that leaves them unable to work. But suppose you fall off a ladder while cleaning out your rain gutters, or you develop cancer and you can’t work while undergoing treatments. Your health insurance should cover medical bills, and workman’s compensation may kick in to deliver a portion of your salary (if the disability is work-related). But if it doesn’t you’ll be left with no income at all. And since most people rely on their paycheck to cover the monthly bills, this could leave you in a terrible pickle. So now you realize the importance of this form of insurance. But how can you find the policy that’s best for you?

It’s important to select the right policy when it comes to disability coverage. If you’re a safe driver you might save some money by opting for liability coverage only. Or if your home is in an area that rarely suffers natural disasters you may not feel the need to spring for additional coverage for flooding, earthquakes, or tornadoes, for example. But a disability policy is meant to cover you, or more to the point, your earning potential. Your bills won’t stop coming just because you can’t work, and if you want to continue to pay for your home, your car, utilities, food, and other insurance policies, you need to have a plan in place that will give you the money you would otherwise be earning through a job. So you can’t take the selection process lightly.

March 14, 2013

Health & Beauty

5 Common Services That Are Declined By Health Insurers

Considering how much you shell out for health insurance, you’d expect your provider to cover any services that fall under the mantle of medical care. And yet, there are all kinds of common procedures that your health insurance will decline when billed. Some of them will not come as much of a shock, but others may leave you scratching your head and wondering if the people who created the policies have any common sense. Here are just a few you’ll want to watch out for.

Annual physical. Coverage for preventive care seems like a no brainer, but you’d be surprised how many insurance companies deny payment for annual physicals. This basic checkup gives patients the opportunity to see how they’re doing and learn what they need to change in order to achieve better health. From an insurance standpoint, this means a reduced likelihood of expensive medical bills down the road for easily preventable health issues. Unfortunately, the insurance companies seem to view the annual physical as an unnecessary expense, and many do not include it in their policies.

Elective procedures. Any time you opt to undergo a procedure that the insurance company deems as unnecessary to preserving your ongoing health, you’re bound to see the claim denied. This generally includes any kind of cosmetic procedure, whether you want laser hair removal, a tummy tuck, a brow lift, or a gender reassignment surgery, just for example. Interestingly, there are some cases in which cosmetic treatments will be covered. Say you have excess skin on your eyelids that makes it hard for you to see. Your insurance company may cover the cosmetic procedure required to remove it. So long as there is a medical reason for having a procedure that would normally be deemed “elective” you might be able to obtain the coverage you seek. Otherwise you’re out of luck.

March 14, 2013

Money Saving Tips

5 Tips For Finding Low Cost Legal Advice

There comes a time in all of our lives when we’ll need some legal advice for something. It might be in reference to purchasing a new home or settling a tax bill or starting a new business, or even making a will. The thing is, because most attorneys charge by the quarter hour (and it can be some pretty hefty rates, at that), it can often be difficult to find the kind of legal advice that your budget can afford.

This is your lucky day. Below, we have provided you a list of five ways to find low cost legal advice so that you can resolve your situation without spending a lot of your money in the process.

Get some referrals. If you know someone who knows a lawyer who would be willing to speak with you, that’s great. If not, the American Bar Association is a network that has a list of attorneys all over the country who specialize in different law practices. By reaching out to them, they might be able to point you in the direction of someone who can assist you within your price range. You can contact them at AmericanBar.org.

March 13, 2013

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