Financial Basecamp

Get the Start You Want


How can life insurance help pay for college?

Using life insurance for death benefit protection and to help with college costs

What You Can Do To Avoid Making Stupid Financial Mistakes

If you want to be successful in the long term, it is very important that you put your finances in order. Being financially literate should be your top priority if you want to live your life free of financial calamities. Many people who haven’t a clue when it comes to finances wrongly blame life for its unfairness. In this article, we will review some smart financial practices that will elevate you from financial victim to financial master. Read on to learn more. 

If you have debt, be sure to create a timely schedule for making payments and stick to it. Your debt will not disappear on it’s own. You must attend to it. If you make late payments, you will have to pay late fees plus interest. Continuing to ignore your payments will cause your debt to snowball amazingly. For example, a small debt of a hundred dollars or so could quickly become a thousand dollar debt. This is because of compounding interest. This type of interest is typically charged by credit card companies. 

If you have a whole lot of debt, you should make it a point to pay your high interest debts off first. If this is not possible, discuss your situation with your creditor to see if you can get an alternate payment plan that won’t cause you hardship. 

Be careful not to abuse payday loans. These are only for true emergencies or situations of critical cash shortage. Many people have created a habit of using a line of credit to rent a lifestyle they don’t really have the means to own. If you are able to avoid these bad habits, you will enjoy quite a bit more peace of mind. 

When you can pay off your debts and stay out of debt, you are well on your way to enjoying financial freedom. Taking care to recognize and avoid the things that cause you to make impulsive purchases can help you manage your money better. 

For example, many people shop to alleviate stress. Others purchase extravagantly expensive treats for themselves. If you realize that you do something like this, you should take steps to avoid the circumstances that cause you to do this. Also, try very hard to eliminate these bad habits. 

When you follow these smart and simple tips, you will gradually see your financial situation improve. Keep it up for a happy and stable financial status.

Why You Need Florida Medicare Supplemental Insurance

Medicare does not, as some people mistakenly believe, cover all medical expenses. Although it does cover a significant portion of the costs for medical appointments and prescriptions, this generally amounts to only 80 percent – the rest has to be funded by the patient. If you suddenly develop a serious illness or health condition, then this can still add up to significant medical expenses.

state of floridaThe section of the population who are generally the worst affected by this are senior citizens. After the age of 65, both men and women are significantly more likely to develop a long term health problem which requires them to take medication for the rest of their lives. They are also more likely to require surgery, which can cost hundreds of dollars, even after Medicare has paid a portion of the costs. This sort of bill can leave senior citizens feeling overwhelmed and stressed, but there are solutions to this issue.

An increasing number of senior citizens in the state of Florida are opting to take out Medigap. This a Medicare supplemental insurance which will cover all or most of the remainder of the bill, once the Medicare portion has been paid. This supplemental policy is available to anybody who is over the age of 65, and can be arranged through most insurance providers.

There are several tiers of Medigap insurance available in Florida, to suit a range of needs and budgets. The policies are also designed to be very easy to upgrade, so if you believe that your coverage is no longer sufficient your insurer can increase your coverage with the minimum of hassle.

If you are interested in learning more about protecting your health and your finances with a Medicare supplemental insurance, make an appointment with your insurance provider of check out for more information. You may also want to request some quotes from competing providers, to ensure that you find the most competitive deal.

Reasons Why Obtaining Life Insurance is Essential

Most people find life insurance payments to be an unpleasant reminder of their own mortality. In fact, many people consider cancelling their life insurance policy at some point. As the global economy has been struggling for several years, like others, you have likely searched for ways to cut your expenses. You may even think that life insurance is an obvious choice for cutting. Before you stop the payments, you need to carefully consider your situation. If you are the primary breadwinner, your untimely death or incapacitation may leave them on the streets. Even if you are not, your passing may leave your loved ones struggling. If they need to take time off work, the policy will allow them the financial freedom to do so.

life insurance ratesWhile nobody likes to contemplate dying, it will happen to everyone. You need to make certain that you have done everything possible to care for your family. Your death will be tragic enough for them to deal with. You do not want to straddle them with a financial burden as well.

If you obtain an adequate policy, it will cover far more than your final expenses. While this is an important consideration, the additional funds can give your family sufficient time to mourn your passing. This may help with bills, grief counseling, or many other living expenses.

Getting Lower Rates on Life Insurance

Perhaps you are considering canceling your policy because the payments are too high. Look up other insurance companies online at Insure Now 365 and see if you can find some competitive rates. If you are a non-smoker and work in an industry that is considered to have minimal health risks, you should be able to obtain life insurance at a fairly reasonable rate. By comparing different prices, you will be able to find one that you can afford to take care of your family.