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Do you have a plan to buy an insurance for your car? 

Choosing a car insurance is not easy. Especially in the midst of stiff competition today. Almost all insurance companies have vehicle insurance products. I would like to share important key before you to choose the best insurance for your vehicle. Find out now as mentioned below: 

1. Prospective customers do not dwell on the cheap premium rates. Because, in today's competition, many insurance companies slam prices, offers cheap premium rates. Though not necessarily a guarantee of service.

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Image: carinsurancequote5.com

2. See the insurance package offered. For example extensive collateral to how much. Therefore, extensive collateral should be adjusted with the desire and ability to prospective customers.
3. See also the network of insurance companies concerned. For example how many have a branch office or how many partners have a garage, so that there is a claim not wait long to repair the vehicle or vehicles reported missing.


4. Could be asked first ease, facility, or what added value can be obtained when buying the policy in the company. For example, if there is a tow truck, a replacement car or hotline services, mechanic services, ambulances and so forth. And, last but not least is easy to make changes and the ease in question.

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Image: wonderhumor.com

5. Consider also the insurance company's bonafides. Do not get so there is a claim, the workshop did not have any partners. Therefore, many insurance companies claim they are the best. Whereas financial condition was very severe.

Besides those mentioned above, there are several factors that should be considered in the process of selecting an insurance company included in choosing the product. The thing to remember in choosing a private insurance company, then that should be considered in general are three factors.

First, the financial strength (security). Second, the service (service). And third, the cost or burden. Financial strength of insurance related to the company's financial ability to fulfill its promise if the situation requires. It is important to know, because not a few insurance companies are looking at the flashy exterior. For example storey building, a vehicle that good directors. But when there claims from customers, the company can not pay.
In assessing the financial strength of these there are several benchmarks that need attention.


a. Assets and liabilities. This can be seen from the financial balance sheet is published in the newspaper. See also, whether the investment is planted in the current or longterm. In terms of liability (the ability to pay off liabilities) will look at the balance sheet, how the debts to the reinsurer, how he fulfilled his obligation to pay claims, and so forth.

Indicators liabilities include net equity (own capital) divided by net premiums “ (net premiums) of at least 50%. Capital is divided into “ gross premiums (gross premiums) of at least 20%. Limit the level of solvency, which looks from its own capital divided by net premiums of at least 10% and investment fund technical reserves divided by a minimum of 100%.


b. Underwriting Policy. On the balance sheet and annual report will be seen that the insurance is still a profit, or profit growth. This means underwiting policy was good.

c. Underwriters him. Insurance has personnel qualified or not. It is known from the profile companies that includes the underwriters him.

Services (service) is the extent to which mirror human resources at the company's qualified or not. Moreover, insurance companies are selling a service, so excellent service is the key. For example, the extent to which the speed of service in both the policy issue especially in the payment of compensation or claim.

In addition, about the service can actually be felt by the customer. Is this insurance company was absolutely the best service for its customers.

In this connection it should also be questioned whether this insurance company in reinsurance-class safety. This can be seen from the annual report. It is important to note, because if the company is not backed up by reinsurance, the company is likely to be speculative in receiving the premiums.

The issue is how much the costs incurred by insurance companies in operation. If greater than the cost of income, then obviously the company is inefficient. If it's not efficient, it will end up losing money. And, if you continually lose money, certainly not healthy.

In this connection, could also see the price premiums. Compare the price of insurance premiums with other insurance. Where the quality is really good.


Today the government has set a benchmark of health insurance (not only) is through mekanime RBC (Risk Base Caital). If RBC number was large, this means the company is valued in good condition. But we should not be fixated solely with RBC numbers. Therefore, it could also be a large company that is doing great expansion like to open many branches, then his RBC numbers would be small.

Conversely, there is a small insurance company but never to expand, the RBC number was probably much greater.

Thus, RBC numbers can not be used as the sole measure of whether the insurance company is healthy or not.

In this case, also noteworthy is the company's performance in the last two or three years. How big profits every year, how much gross premiums they receive each year, how much additional capital and assets every year.

And, last but not least is how the company's management behavior during this time. Is there a management company for this broken promise? Has this company experienced management defaults and others.

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Financial tips for women. Image: jezebel.com

Do you feel the burden of the higher cost of your life? Every few time periods, the need for money keeps coming, even without you realizing it. Appropriate financial arrangements is very important to ensure that no errors and can continue to sustain the continued availability of funds until later. Here are the issues of finance that is often forgotten by the women:

1. Financial focus on child's college tuition
The financial experts agree, one of the errors on the financial arrangements made in the mother is sure to set aside funds for old age for kids' college fund. “Most of our clients are parents who are caring for children with young age. Typically, these parents do not have enough funds to set aside to fund at a later age, but continue to force myself to pay that much for college kids,” said Jen Smith, owner of the site millionairemommynextdoor.com.


In her experience, a heavy financial burden is when we have to keep the parents who did not successfully save to fund their own retirees. This is even more distressing than to find cost for tuition alone. Try looking through the eyes of the child. So, for parents, it would be wise if you could spare the funds to take care of themselves in the future and does not charge your life in children. This is not a selfish thing, this is one way you love your child, because you think his interests as well. You do not know what diseases you can get attacked in the future, and you will need the funds how much to keep your own life.

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New future. Image: mbeconnect.com


2. “My husband is taking care of finances …”
It is time for women to get involved in the problem of bill payment, savings, and investment. At least, try to sit down with your husband once a month to learn and study your family's financial circumstances. Monique Honaman, author of The High Road Has Less Traffic said, many women do not understand about the financial situation of his family, and it will put itself in a fairly vulnerable position if something happened to her partner.

“Suppose, things happen that are not considered since the beginning, eg, on divorce, they should know about this sort of information to make wise decisions about the future of their children. This is not only relevant to couples who are divorcing. But for all married couples. For example, when a husband dies suddenly, he needs to know the financial situation to be able to think and stand on its own feet, rather clueless and worrying about finances, “he explained again.

3. Save money by giving pocket money
Allowance could actually save the family finances. Experts say that this is a good thing to teach children about money, including about learning to save for expensive toys they want. Of course, you should limit spending money according to their daily needs sufficiently. This is suggested by Karyn Hodgens, co-founder Kidnexions Kids' Personal Finance Educator.
When a child has been restricted to the pocket money, they will provide an opportunity for children to think how they would want and need toys that they are targeting. Learn to say “no” to children is not easy, but still important. It is the duty of parents to educate children to become an independent person, including keeping their own finances. When you do not give pocket money, you often lose track of how much you spend on snacks the child.

4. Start to organize:
If  your house is not tidy not only affect the health and sanity of mind, but it will also be a problem for your finances. “I've seen kids wear clothes that are too small to use with price tags still dangling from the rear, using the same books over and over again, and had to throw a toy that lost one of its parts,” said Leah Schneider, organizing consultants, Organize Right Now LLC and author of Growing-Up Organized.

“Try to organize the clothes by size so that the child could actually wear these clothes. Only buy clothes when they need a new size for a particular activity, not because the clothes look cute. Buy clothes in the hallway that was discounted, and the stocks for size larger, so it can be worn long enough, take care that his best clothes. Organize toys and books, teach children how to appreciate these items every time after use. This is important, so that the goods are not easily damaged, and do not have to buy again, again and again, “suggested Lea.

5. Finding Financial Advisors
Actually, many financial advisors around you. You must have friends who are personally familiar to make a simple financial plan. Ask for advice to your friends. If there is an insurance agent who is approaching you, then you can ask them to plan your finances in terms of savings / investment and protection, even for health insurance and saving for retirement. Experienced insurance agents usually have got training on financial planning. You can get advice and free tips from an insurance agent.

How about you? Got another advice to organize and keep your finances in order not caught up in financial trouble in the future? 

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Start new investment. Image: goodmoneying.com

How to invest in mutual funds? Are there tips and appropriate solution to achieve the benefits of a mutual fund?

There are many options to invest, so that you can maximize your income. From the results of the investment, you can add assets, gain so that you can grow richer than ever before.


Are you ready to start investing in new ways other than deposits in the bank? If you have extra money you earn from your salary or profit from your business, then after you save your money on insurance and to pay other obligations, then you can choose mutual funds as a new instrument to make your money to work.

By asking for advice to financial advisers, you can to enjoy the profits, so that you will be happy investors in the near future. You are ready to create a new financial plan with new investments in mutual funds?

Before you invest in mutual funds, then we need to understand this well. Mutual funds can be interpreted is a container and the pattern of fund management / capital for a set of investors to invest in investment instruments available in the market by buying mutual funds. These funds are then managed by the Investment Manager  into the investment portfolio,whether it be stocks, bonds, money market or securities / other security.

From the above definition, there are three important elements in terms of Mutual Fund are:

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Young investor. Image: younginvestors.org

1. The existence of a collection of public funds, both individual and institutional
2. Joint investment in a diversified portfolio of securities that have been
3. Investment managers believed to be the fund manager owned by public investors.

In mutual funds, investment management to manage the fundsplaced in securities and realized gains or losses and to receive dividends or interest recorded into the Net Asset Value (NAV). Wealth mutual funds managed by investment managers are required to be stored at the custodian bank that is not affiliated with the investment manager, custodian bank where this will act as a collective day care centers and administrators.


Do you want to invest in mutual funds?
If you want to live more prosperous, then mutual funds may be an option.

A few simple tips that could be a reference are as follows:

 One:

Set objectives before investing: for short-term (1-2 years), medium (2-5 years) or long (> 5 years). For the short term, better use of money market mutual fund products. For the medium and long term fixed income mutual funds can, mix, and the stock.

Two:

If you want to invest in mutual funds, money that should be of truly “idle” for the next 2-5 years, or you have a goal to be achieved.This way, you do not easily panic when there is fluctuation in price or there is a sudden need.

Three:

Know your risk profile, including investors who are conservative, moderate, or aggressive. To find out, the contents of the risk tolerance questionnaire provided by your investment manager. If you find that you are the type of conservative investors (or the first time are going to invest in mutual funds), you are better suited to invest in money market funds. 

Four:

Learn the types of mutual funds available. Read the prospectus carefully, discuss every detail that you are not familiar with the investment manager. What must be seen is what the portfolio.Each type of mutual fund gives a brief overview of their investment objectives and types of securities, in which mutual funds will be invested. By reading it, you'll know whether this type of mutual funds according to your investment goals or not. Learn also the performance of mutual funds, compared with similar mutual funds from other enterprises. Also examine the costs borne by investors.

Five:

Consider who the manager of the investment, how his track record, and the prospect of such products. View to future investment manager of the macro economy, currency, and the industry trend of the stock / bond portfolio, past performance relative to similar competing products, you need to consider.Just need to be considered, previous performance does not guarantee future results. The results of mutual fund investments may fluctuate.

 Six:

Buy mutual funds in stages, for example, plus a little every month.Price mutual funds that will go up and down. If the deposit on a regular basis, the average price of mutual fund units purchased will be lower than bought only once. Technique known as cost-averaging is very commonly used in mutual funds. Besides the purchase can also be directly carried out in large numbers with the objective to be achieved in the future.

 Seven:

Do not put your eggs in one basket. Keep diversification. That is, the funds allocated in mutual funds need to be dispersed to other types of mutual funds, whether fixed-income mutual funds, stock mutual funds, etc.. Its composition depends on the character of your investment.

 Eighth:

Defend your objective, do not be swayed for a moment fluctuations. The term, just close your eyes to the fluctuations and keep buying mutual funds, for after all, the new results will be taken if the financial goals you have achieved.

Are you happy with your financial history?

Have you already received a salary this month? Who would not be happy if we receive a paycheck? But for some of us, this date also makes us dizzy, the article of the bill began to arrive. For some people, this is compounded by the debt that piled up like mountains.

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Choose your plan now. 

The dilemma arises when we are not earning enough to pay the entire debt burden us … sometimes even just to pay the minimum payment. Well if so how dong. Thus, this article will discuss how to cope with debt that wrapped around us.

Often in our minds appear … Pay now or later?

Not paying off debt is a way to entertain themselves while burying ourselves in our financial death. It is not unreasonable if we vacation, or a luxury for a moment with a minimum payment for life. Cool term enjoy now, pay forever … he he he … because the facts show that our debts will be paid for thirty years if we pay the minimum monthly repayments.

So how to get around the same time killing our debts?

   1. Make a list of all our debts.
Make all of our debt list. List of debts must be sorted from largest to smallest. Be sure to include the interest rate applicable to each of each debt.

    2. Prioritize payment
Pay the smallest debt first. Pay off so as not to further burden to us. While the minimum pay for a larger debt. If a small debt can be completed move on to bigger debt. We can also finish with a high-interest debt first, and a low-interest. Experts also recommend us to pay at least twice the minimum payment so that our debt will be completed in less than three years.

     3. Do not settle debts with other debts.
In other words, do not open up credit card debt to settle past debts even with the lure of free balance transfers. (Except if the free transfer was followed by free interest. This also is to be done with expert advice.)

Believe me, complete the hole by digging a hole will make you more dizzy.

       4. Close (card) of unused credit card
If you have completed your debts, we must take firm steps by closing unnecessary credit cards. In addition to saving expenditures cover the annual fee credit card we will certainly reduce the temptation to spend excessively.
  
       5.  Freeze our credit cards at home
Sometimes we could not resist the temptation mega bazaar sale, discount and rebate that is drawing us to actively shopping. But on the other hand, sometimes we still really need a credit card (for auto payment for example) it's good if memusiumkan card on our cabinets alone.
Freeze the card in the freezer is also a good idea because the melting time will give us time to re-think every time we are tempted to buy goods.

      6. Cut out your credit card
If we fail to curb our willingness to spend a good idea to cut up our credit cards. High-interest debt is like cancer. Cutting cancer is painful but it will make us healthier finances.

     7. Do not owe more

Finally God was confused and will cry if we remain ignorant and repeat our mistakes, despite being reminded. When we paid off debts owed ​​to forget again. Pay every bill on time.

Can you do this? Yes.

Are you looking for a financial adviser or financial plannerto plan your financial future? 

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Choose the best financial advisorImage: business.financialpost.com
Perhaps you are ready to organize your finances so that you can escape from financial problems in the future. Maybe you want to set up investment plan, retirement, savings, insurance, education funds for your kids, and of course the preparation of health insurance and other aspect. 
You can certainly go it alone when it comes to managing your money. But you could also try to do it yourself when it comes to auto repair. Mastering personal finance requires many hours of research and learning. For most, it’s not worth the time and ongoing effort.
Before you choose a financial planner, please understand what is the financial planner and stockbrokers. Don’t confuse planners with stockbrokers — the market mavens people call to trade stocks. Financial planners also differ from accountants who can help you lower your tax bill, insurance agents who might lure you in with complicated life insurance policies, or the person at your local Fidelity office urging you to buy mutual funds.
Look for a financial adviser who is a certified financial planner (CFP). They're licensed and regulated, plus take mandatory classes on different aspects of financial planning. Please consider the planner's pay structure. A planner who earns money based on commission rather than a flat, hourly rate could have an incentive to steer you in a particular direction.
Choosing a financial planner is as essential as choosing a doctor or lawyer; it's a very personal relationship. In addition to competency, a financial planner should have integrity, trust and a commitment to ethical behavior and high professional standards. You want a planner who puts your needs and interests first.
 
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Talk your financial matter with a financial planner. Image: zombienovela.com

If you're going to get professional advice, check it's from an Independent Financial Adviser. This is best if you're starting out with financial advice, as it is often difficult to identify why restricted advisers are restricted – some will be by product, and some will be by provider.
A good adviser can help couples negotiate their spending levels before and after retirement. Very often, one spouse is more of a spender and the other is more a saver. If you have aging parents who don't have – or need – a financial adviser of their own, your adviser should help you suggest to them the best ways to use and preserve their assets. Your adviser must give you direction on which investments to keep and which ones to consider selling. 
You also can find financial advisor in high street banks, or those who have chosen to specialize in certain providers' products or certain areas of advice. Their 'restricted' status means that they can only sell and advice on a limited range of products, or from a limited number of firms.
Many financial planners specialize in working with certain types of clients, such as small-business owners, executives or retirees. Many have minimum income and asset requirements. Some specialize in certain areas of planning such as retirement, divorce or asset management. This is why we recommend that you interview at least three planners in person to find the right one to serve your needs.
 
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Fantastic deal with new financial planner. Image: talentnest.com

Financial advisors/planners are (generally) obligated to work in your best interests and will disclose—upfront—fees they will be charging you based on your investments.  They will work with you in a fiduciary capacity (your interests before theirs) and charge you based on a percentage of your portfolio or upfront fee. Every serious investor should work with a professional adviser for at least one year. That's enough time to tackle most of the big financial decisions you'll ever have to make, although you will probably need to revisit some issues from time to time as your life and your circumstances evolve.
If you are ready to use the services of a financial adviser or financial plannerprofessional, it's good to ask advice from your friends or family members who have experience with the adviser or financial planner. They will give you information and advice for you. You can also search for information on financial institutions or insurance companies and investment. Hopefully you find the best for your financial planning.