What Does Homeowners Insurance Cover & How Much Do I Need?

house handsLike the types of auto insurance, homeowners insurance is actually a bundle of different categories of coverage, which apply in various situations.

You aren’t able to pick and choose what categories you want – there are six different components to homeowners insurance, all of which are required, which we’ll discuss below.

However, depending on your possessions, type of home, and your financial cushion, you can choose a coverage level for each category to get a plan that works best for you, while keeping your costs down.

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3 Things with Lower Prices this Year and 3 Best Ways to Save Money

Price Decreases in 2011Many goods are slated to increase in price in 2011, such as gasoline, grains, chocolate, and even fast food! It has been frustrating and a little depressing to read these economic predictions.

However, there is good news: some things are actually expected to decrease in price. This is especially useful if you are one of the many people who made the New Year’s resolutions to spend less and save in 2011.

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When and How to Teach Kids About Money Management – What’s the Right Age?

kid tire swingA topic that I’ve seen written about quite a bit lately is the proper time to start teaching your children about money. And frankly, some of the advice I’ve read borders on the ridiculous. I have actually heard some people claim that you should start teaching your children about money as early as age 2! That seems to me like overkill. I doubt that a child of that age can even process whatever you might be teaching them, let alone retain it.

Here’s what I’ve learned as parent about kids and money.

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The Importance of Splurging to Avoid Frugal Fatigue – 15 Low-Cost Splurges

Splurging on FlowersIn 2007 and 2008, I went on a major money-saving crusade. I was committed to saving up enough to pay off my house. And I wasn’t going to let any temptation stand in my way.

For months, my husband and I pinched every penny that came our way. We hardly ever went out to eat, we didn’t go to the movies, we rarely went out with friends and we didn’t take any vacations. Sounds like fun, right?

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What are Closed-End vs Open-End Mutual Funds? Compare 4 Key Differences in Investing

mutual funds certificateMutual funds gained popularity among the investing public in the 1980s and 1990s. They began as a way for large institutional investors to pool their money for a common purpose, and spread the risk of losses, inside a mutually owned fund, hence the name mutual fund. Now, mutual funds are a staple of most everyday Americans’ nest eggs and is considered a good way to diversify your retirement plan.

What you may not be aware of is that there are in fact various types of mutual funds. The two main ones are open-end and closed-end. Understanding the differences between them can help you broaden and strengthen your investment portfolio asset allocation based on your investment risk tolerance.

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Ecosquid Review – Resell or Recycle Your Used Electronics to Prevent E-Waste

ecosquid logoIn the “disposable” society that we live in, we are constantly upgrading or replacing the electronic gadgets that seem to rule our lives. Laptop computers, cell phones, smart phones…the list goes on. Some might say that we’re addicted to consumer electronics. And most of us have no idea what to do with our old or unwanted electronics. Sell them on eBay? It’s not always worth the time. Give them away? Sure, but to whom? Throw them out? Electronic waste (e-waste) disposal is no good for the environment (and, in some places, illegal).

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Lease Trader Review – Take Over or Swap a Short-Term Car Lease

I recently had a chance to take a look at a web site that should be particularly helpful to anyone currently leasing an automobile. It’s called LeaseTrader.com, and it is essentially a full-service online auto lease transfer marketplace.

The site matches people who currently have vehicle leases they wish to get out of, with individuals who are looking for short-term leases with attractive payments and no money down.

How It Works

The way the LeaseTrader.com is set up really couldn’t be any easier. There are only two buttons to click on the site’s homepage. One says “Get In,” for those looking to take over a lease, and the other one says “Get Out,” for people trying to exit their lease.

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7 Habits of Highly Effective & Successful Entrepreneurs

effective habits of successful entrepreneursI have been a small-business owner for approximately two years now. What a ride it’s been! The road to small-business ownership can be a rough and rocky one, but I can tell you that I have learned a great deal along the way. Here, I will share with you the top 7 habits that I have come to believe all new entrepreneurs should cultivate. There are common characteristics of successful entrepreneurs, but these tips focus on action and what you need to do to find success.

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5 Benefits of Having & Owning a Dog – Can It Save You Money and Your Health?

dog money in mouthMy husband and I were joking around the other day that we could save money on our water bill by letting our dogs lick our plates clean when we were done eating. While I certainly do not want my dogs finishing my dinner, it got me thinking about the many ways that our dogs do save us money.

I can’t say that we definitely save more than we spend, because dogs are expensive (although there are still ways to save money on pets). For instance, there’s the cost of buying or adopting a pet, feeding healthy dog food, grooming, toys and health care fees at the vet, just for starters. However, the potential for savings is more than meets the eye.

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