Have you ever visited the dentist or eye doctor and been frustrated at how expensive your appointment ended up being? Have you wished that your health insurance helped you more in specialist doctor’s offices? If so, you should consider adding on to your health insurance. Here are a couple of things that you should add to your health insurance to get wider coverage.
First off, you should consider adding vision insurance to your health insurance. Vision insurance will help you with the cost of getting eye treatments or procedures and could cover the cost of eyeglasses or contacts. Even if you don’t currently have any sight issues or require any vision aids, such as contacts or glasses, you never know if you might in the future. Many adults start experiencing issues with their sight as they age, especially after the age of 40. You’ll likely end up needing assistance with your vision at one point or another, so it will save you a lot of money to have vision insurance.
Next, you should definitely consider adding dental insurance to your health insurance package. Dental insurance will help you to cover your visits to the dentist’s office. This can be particularly beneficial if you have children that need regular appointments for cavities or fillings. However, it is important to note that your insurance likely won’t cover treatments such as teeth whitening or cosmetic dental improvements. Dental insurance usually only pays for treatment when it’s deemed medically necessary.
You should also think about the benefits of having disability insurance paired with your health insurance. Even though you might think it unlikely that you’ll ever have a need for disability insurance, you never know. Debilitating illness, injuries, and accidents always seem to strike in the most unexpected and inconvenient moments. Having disability insurance will help to ease some of the burdens that you’re dealing with. For example, disability insurance will be able to help pay for your essential expenses and replace part of your income when you’re unable to work.
If you’ve been thinking about the reach of your health insurance and wondering if you should add on additional coverage, now is the time to do so. Vision insurance, dental insurance, and disability insurance are all great add-ons that can benefit your health and your financial situation. Make sure that you take the time to research other available options so you end up with the coverage that you really need.
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When you’re newly married, estate planning probably doesn’t seem like a particularly important thing to do. But when you have a baby, you really need to make sure that you do what you can to make sure your baby will be well taken care of if anything happens. Here are a few important estate planning ideas that you should make sure to take into account as you start preparing for the future not only for yourself and your spouse but also for your child.
Create or Update Your Will
If you want to be sure that your baby will have what they need, you should make sure that you have a will. If you have already written a will before your child is born, you should update it to include your child so they will be protected if anything happens. If you don’t have a will yet, you need to write one and ensure that your children are given the protection they need to be safe and happy if you were to no longer be there for them.
Buy Life Insurance
Life insurance isn’t particularly important if you don’t have anyone counting on you, but once you do, you want to make sure you get a solid amount of coverage. Getting life insurance early can help you to save money while also giving your children the help they need. Term life insurance is simple and affordable when you’re still young. Look at a variety of policies so you can see if any of them work for you and fit your budget, you may even be offered life insurance as a benefit through your work.
Build an Estate Plan in Case of Injury or Illness
While most people think about estate planning as something that is only important in the case of death, it can also be useful if you become injured or ill. Take time to think about how you want your family to be cared for if you find yourself in that position. Understanding how you want your finances to be run and your children to be cared for can help you to have peace of mind.
Estate planning doesn’t always sound like a fun thing to do, but it can help you to make a positive impact on your child’s life. You want your plans to be clear and legally binding so your children have the care they need. Starting early can ensure that there is already a plan in place if anything happens.
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Most people are noticing that inflation is starting to impact them more every time they need a new product or service. Even trips to the grocery store or the gas station can result in at least a little existential dread as people worry about how they will be able to continue paying for the things they need. Having the right assets can help to protect yourself from the dangers of inflation as you navigate your life and all the things you need to buy.
Real estate tends to be a solid investment type that can give you a good return on the investment you put in. This can help you to be in a better position to deal with inflation, however it may impact you. You can invest in real estate in many ways depending on your interests and how involved you want to be in the day to day work. But since people always need housing, it is a good place to go to supplement your income and help to beat the negative impact that inflation has on your life.
Since you are already dealing with the downsides of inflation, you may as well take advantage of the positive elements. Investing in commodities can be a great way to do this and to make a profit that can offset the costs of inflation. For example, gold tends to increase in value during inflationary periods. Investing in gold can help you to continue earning profits even as inflation continues to raise prices generally.
Some people think that they need to invest in things that are incredibly expensive and can eventually give huge returns. But that isn't always your best bet at beating inflation. In fact, sometimes small cap investments can be great options that help you to earn money without having to invest beyond your means. These kinds of investments may have smaller returns but their consistency in performance can be a huge advantage over time. This is especially true if you are worried about investing too much and taking on too much risk.
Investing can be a great tool to mitigate the damage that inflation can bring to your life. And if you invest wisely you can make money in meaningful ways that minimize risk and bring great benefits. That will leave you feeling a little more secure in a world that is changing around you.
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So you’ve won the lottery, received a bonus, or inherited some cash, and now you’re wondering what to do with your newfound windfall. If you’re like most people, one of the first things you consider is making improvements to your living space. In remodeling your home, you can do a little or give it a complete makeover.
Complete Unfinished Parts of Your Home
Expanding your home may be as simple as finishing the basement or converting a loft to a bonus room. These projects add more livable square footage by remodeling your house’s existing footprint.
Finishing a basement can be a huge undertaking as it involves adding walls, floors, and ceilings, as well as extending power and plumbing, in many cases. Yet, if the basement is large enough, you can create an additional bedroom, bathroom, family room, or wet bar area. Before refinishing your basement, make sure it has been properly waterproofed.
Remodel Your Kitchen
For most homeowners, the kitchen is the hub of the home. You want the kitchen to look good and function well. That means you need the main work areas—sink, stove, and refrigerator—separated for food safety but close enough to work efficiently. The best way to do that is to arrange the work areas in a kitchen triangle. A kitchen triangle can help you cook more efficiently and reduce contamination.
As you remodel your kitchen, don’t be afraid to change the layout. Appliances and even sinks can be easily moved to achieve the optimal kitchen triangle. Start by gutting the kitchen and starting with a new blueprint.
Add Backyard Space
In adding backyard living space, you have many options. You may wish to build a large deck, perhaps with a gazebo and pergola, for summer fun and parties. Or, you want to add on a sunroom where you can relax the whole year round.
If your yard is large enough, you may also consider building a large shed for storage, hobbies, a workshop, or personal space—a so-called “man cave” or “she shed.” Many prefabricated sheds of various sizes are available. Install electricity, lighting, and heat, and air conditioning, and you’ll have a great bonus space.
You’ve probably been wanting to make changes in your home for some time. Remodeling your home is a smart investment, and if you’ve got the cash, it might be time to make it happen.
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When it comes to real estate, there are a lot of different options you can pursue. Many may choose to invest in residential or commercial buildings, but you can also make quite a bit of money off plots of land as well. Land is very versatile and a worthy investment.
Hold Onto It
The great thing about owning land is you don’t have to do anything with it right away. You can hold onto your land for as long as you need and wait for new opportunities to come up. Over time, people will be looking for land for various interests. You can hold onto your land until people come looking for it. Your land may end up being worth much more than what you originally paid for it. In the meantime, you can use that land for whatever purpose you want. Owning land long term is also beneficial because it is low cost and there is virtually no maintenance. You will experience very little risk if you hold onto your land until you eventually sell.
Develop the Land
Another great option is to develop your land. When you develop land, you can transform it for a variety of purposes. You could use it for agriculture or you could develop it in order to build. This gives you many options. Your land could be used for commercial property or you could use it for residential property. It has become very popular for people to build custom homes. Custom building can give the features you want in your home. Making your land available for people to build custom homes can be very profitable. If you chose, you could even build your own custom home on the property.
Rent Out Your Land
There is a lot you can do with vacant land. Renting out your land is a great option because it allows you to make money and maintain ownership so you can continue making money. There are lots of uses for rented land. You can rent your land out for different events. It could be used for storage. For example, people could store RVs on your land. You can also rent it out for farming. There are many options to explore.
A plot of land is an investment. There’s so much you can do with your land that will allow you to make money continually or in the long term. Evaluate your land and determine what the best use would be for it.
When you think of gold, you likely think of expensive jewelry or even the gold rush. To most people, gold is seen as a precious metal of value. However, gold is actually used in a variety of ways across many professions.
Gold is an extremely malleable and highly conductive material. According to the US Gold Bureau, this makes it extremely useful in many applications. However, since it is so expensive, other similar metals are used unless there is no alternative to gold. One of the most common places you’ll find gold is on equipment going into space. When sending anything into space, scientists use the absolute best materials and gold is one of them. Gold helps to stabilize the temperature of the equipment, which is why it is often found on the exterior. It is also used in glass, including the visors on astronauts’ helmets because it blocks radiation.
Surprisingly, gold has been and continues to be used in the medical field. For a long time, gold injections were used to treat rheumatoid arthritis. It has also been used for cancer and HIV. Cancer cells actually bind to gold, so gold is used to test if cancer cells are present. For HIV, gold is used to assist in delivering HIV treatment. Gold is even used in the tests used to detect malaria. According to CrownBuyers, gold is one of the many metals used in dental work. This is because of how malleable it is in addition to the fact that it doesn’t easily corrode. However, pure gold is very malleable so a gold alloy is typically used in dental work.
What not many people know, according to Monroe, is that gold is actually used in a lot of electronics. You can find gold in phones, computers, TVs, and more. As mentioned, gold has many properties that are ideal for this. It is very easy to work with and it is a great conductor. Additionally, it doesn’t rust or corrode, so it is an extremely durable metal. It’s very expensive, but its properties make it one of the best metals to be used in electronics. Of course, gold isn’t used for every aspect. It is typically used for wires and connectors.
While you might not know it, gold is used all around you. It is a highly useful metal beyond its use in jewelry or as an investment. The properties of gold have made it a highly sought-after metal in many industries despite its price.
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Taking on the responsibility of home ownership is a big feat—expenses pile up quickly, and creating a home for yourself and/or your family is a stress of its own. There are some circumstances in which attempting to buy a home would be extremely complicated and difficult. Financial, emotional, and mental preparedness are essential to successfully become a homeowner; consider the following elements of that preparation as you decide whether or not to buy a home.
Lack of Cash
To sellers in a high-competition market, cash offers are definitely more appealing than mortgage offers; a cash offer assure the seller that they will get the money upfront, where financing is considered “iffy”… if financing is denied the buyer, the buyer may have to back out, which is very frustrating and inconvenient for the seller. If you do not have the cash capital to appeal to sellers, and will have to rely (unsteadily) on financing, you may have a more difficult time with sellers accepting your offers. Lack of cash may be a red flag to sellers that your financial status is shaky, meaning they may prioritize cash offers over yours.
It is possible to buy a home with poor credit, just a challenge to get “okayed” across the board. If you choose to finance your home, you may have a hard time getting mortgage lenders to give you a loan. That doesn’t mean you are out of hope though! According to Chris Murray Home Loans, an FHA loan is backed by the federal government and requires a lower down payment. Mortgage companies may also look at your income statements, debt record, and available money for a down payment, and if these numbers are promising you have a better chance of them agreeing to do business with you. If you do have bad credit, it is helpful to have a good amount of cash!
Big Life Changes
If you are experiencing a big life-change, buying a home becomes a considerably bigger challenge—family or marital separations, serious illnesses, or career changes all require time and attention (and, of course, are financial commitments themselves that may make large expenses concerning. According toMoney Under 30, you should work with financial advisors to determine how to budget and manage your money, and create a timeline for doing so!
If you have a lack of cash, poor credit, or are in the middle of a significant life-change, consider the stresses that becoming a homeowner could create for you and determine whether or not you feel comfortable or confident investing in such now.
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