How to Buy the Best Life Insurance in 7 Easy Steps [The Ultimate Guide]

  Do you need life insurance? Ever wonder what it's like to go through the LONG process of researching and selecting a life insurance policy? I highly recommend you get life insurance, but I don't necessarily wish the buying process upon you. It can be tough to navigate. I'll share my experience with buying my own term policy as well. This includes: getting the life insurance quote, selecting the insurance … [Read more...]

Gerber Grow Up Plan: Sound Investment or Scheme for Suckers?

We can all recognize the adorable half-smile of the Gerber baby. It has been around long enough that today’s parents and grandparents who are feeding pureed carrots to their little ones once smeared that same Gerber brand baby food in their own hair. That longevity makes it one of the most well-known and trusted baby brands out there. But another branch of the Gerber empire may be capitalizing on that trustworthy image. Gerber … [Read more...]

13 Financial Mistakes that Scare the Heck Out of Me (and Should Scare You Too)

Let's look at some of the most common financial mistakes that I believe people just starting out tend to make. I've made just about all of these common financial mistakes myself. So I'm not here to judge. But I did something about it once I discovered the error of my ways. What will you choose to do? 1. Having kids and no life insurance. If you die without life insurance, your kids will, at a minimum, be stuck with your funeral … [Read more...]

My Lucky Trip to the Dentist Without Insurance [Plus What a Dentist’s Recommends]

Confession time. I haven't had dental insurance in ten years. I said goodbye to it when I quit my corporate job. It was a while before I even visited the dentist. I wanted to go a few times, but I either never found the time, or I was scared off by the fear of having to do a crown or something ridiculously expensive. So stupid, I know. The lack of insurance is by choice. I could totally afford a small dental policy, but I just … [Read more...]

How to Prepare Your Wallet for a Disaster

Austin, who occasionally writes here at PT Money, is in his 2nd year of teaching English in western Japan. With the Japan Tsunami fresh on his mind, he generously offered to write a couple of pieces on preparing for major disasters. You can check out his personal finance site for 20-somethings at Foreigner's Finances. I teach English in western Japan and was here last month to witness first-hand the carnage that the Tōhoku earthquake and tsunami had on the … [Read more...]

19 Easy Ways to Save Money on Your Auto Insurance Policy

What does it take to save money on your auto insurance? There are two main ways to go about lowering your auto insurance premiums: reduce the cost of your current policy, or get a new auto insurance policy. Today I'm going to walk you through both of those ways, plus introduce some more drastic steps you can take to lower your auto insurance. Review Your Current Auto Insurance Policy for Ways to Save I pay roughly $700 … [Read more...]

7 Easy Steps to Writing Your Own Last Will & Testament [Free Forms]

Perfection is sometimes the enemy of complete. This is definitely the case with personal finance, life insurance, and estate planning. The statistics show that many people do not have a proper Last Will and Testament. Since I'd rather see more of you have something (vs nothing), I'm going to present the steps to making a Last Will and Testament using forms you can download for free. Note that I'm not a lawyer and nothing here … [Read more...]

Where and How to Open a Health Savings Account

How to open a health savings account is a question I've struggled with myself. After my group insurance ran out, I started a high-deductible individual health insurance plan with BlueCross BlueShield. At that point, finding a Health Savings Account (HSA) was top of my list of things to do. We wanted to start saving tax dollars on our out-of-pocket health care costs as soon as possible. To open a health savings account, you must … [Read more...]

HSA Insurance: What Makes an Insurance Plan HSA Compatible?

Is your health insurance plan HSA compatible? I currently have an high deductible health insurance plan for my family. It's great because it's fairly inexpensive and it will cover us if anything major happens (except a baby, that is). Plus, it's HSA compatible, so I get to start stashing cash into my health savings account (HSA). HSA insurance is the way to go for a lot of people, especially the self-employed individual to manage health care expenses. The … [Read more...]

What Types of Insurance Do You Need? [Our Complete Guide]

Insurance. It's not an exciting topic, but it's a necessary one. A discussion on personal finance and business isn't complete unless you've properly addressed the risks to your assets and income. Most people, I would think, have retirement savings and debt under control long before they tackle the subject of insurance as a whole.   You likely need life insurance, health insurance, homeowners or renters insurance, car … [Read more...]

Best Health Insurance Options for the Self-Employed

According to the most recent data from the Bureau of Labor Statistics, there are 9.6 million self-employed workers in the U.S. That number is projected to grow to 10.3 million in 2023. One big consideration for self-employed workers is finding health insurance. As I'm sure you know, this is a big topic. Since I’ve had to go through the process, I wanted to provide some information about your options to help you navigate finding … [Read more...]

High-Deductible Health Insurance Plan Plus HSA

Should you move to a high-deductible health plan? General Motors recently announced that they are moving towards higher deductible insurance plans. Such things wouldn't normally be news worthy. But here we are in the middle of a government controlled health care battle. Every piece of health care news seems to have an impact. So, should you consider moving to a high-deductible plan, if given the option? Odds are if GM (who traditionally has "Cadillac" … [Read more...]