Hacks to Lower Your Life Insurance Policy and Save You a Lot of Money

The following is a guest post by Albert Davis.

Life insurance rates in Canada are trending upward, and are likely to continue increasing for quite some time. Yet there is a shift in the insurance industry that is moving away from providing a flat rate for all customers, to delivering rates based on lifestyle and health choices. In this post we look at two examples of how health insurance could be lowered by following a healthy lifestyle, which in turn will save you a lot of money.

Special correspondent Preet Banerhee, in his article for The Globe and Mail, provided a sample breakdown of the premiums that a healthy, non-smoking 25-year-old must pay for a 10-year term with a face value of $500,000. In Banerhee’s example the individual automatically renews the insurance after every 10 years, which will mean that his monthly premiums are as follows:

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7 Ways People in Their 30s Can Prepare for Retirement

The following is a guest post

By the time you reach your 30s, you should have already gotten a head start toward saving for retirement and for your children’s future. However, life doesn’t always happen as planned, especially when children enter the picture, our employment situation changes, or we’re hit with unexpected medical bills.

Here are eight steps 30-year-olds can take to better their future.

Determine what your ideal retirement looks like

The key to saving for retirement is steadily putting away money, cutting down on unnecessary costs, creating a sound investment plan, and getting the most out of your paycheck and benefits. But the first step any couple or individual in their 30s needs to take is determining what their ideal retirement looks like.

Would you like to live in a wealthy community, travel a bit and even help your children and grandchildren out? Make sure you plan accordingly. It’s no secret that you can’t rely on Social Security to support you through a comfortable retirement. In fact, Social Security benefits will only serve as padding to a well-planned retirement fund that has grown over the years.

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5 Reasons Why Car Leasing is Better than Buying a New Car

The following is a guest post

Buying a brand-new car and getting a car lease are two totally different things, and both have their own pros and cons. There are a lot of things to consider, depending on your needs and wants. It’s a tough call, and you definitely want to make sure that you will make the right choice.

Car leasing has always been a popular choice for people who wants a car that they can use for a certain amount of time. This is for the people who doesn’t want a huge responsibility on their shoulders. Leasing was believed to be meant for corporate customers, but that was way back. Now, almost every car company offers car leasing to students and families.

Below are some of the reasons why car leasing can be a better choice than going all out and buying a new car.

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4 Easy Ways for Seniors to Grow Their Bank Accounts

The following is a guest post

The world has changed a lot since the good ol’ days. The average age of retirement keeps creeping up little by little every year. Many Americans have a tough time making ends meet on a daily basis, let alone finding ways to save for retirement. Luckily there are still ways you can make some cash on the side to stabilize your financial future. Here are 4 ways seniors can grow their bank accounts.

Part Time Job

This one might be the most obvious choice to earn some extra cash on this list; it might also be the least agreeable one. No one really wants to spend their golden years flipping burgers or holding in passive aggressive rage toward rude customers. Still, there is probably no better way of finding guaranteed income than a part-time service job even if it does sting a little.

It doesn’t have to be so bad though. If you have a computer and internet connection, you can make money. The amount of simple, at-home jobs you can find on the web is astounding. Some of them don’t even require you to do anything but surf the web. Check this great website out for all sorts of useful and sometimes wacky ways to make money from home

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The Benefits of DRIP and How To Use It

The following is a guest post from Dan@StockTrades.ca

Dividend stocks at one time or another will more than likely become the backbone of your investing portfolio. Especially in your later years, the passive income from your dividend investments can play a pivotal role in your retirement. But if you are a young aspiring investor with a keen eye on early retirement, what is the best thing to do with that dividend check? In my honest opinion, it’s setting up a DRIP plan.

So what exactly is a DRIP plan?

A DRIP, or dividend reinvestment plan is a system set up by your broker,company or financial institution to purchase more stocks with your dividend payouts. The shares are purchased in fractions if your dividend payout is not enough to purchase a whole share. The best way to imagine this is a bucket stopping a leak. Every time water “drips” into the bucket, it fills. Once the bucket is full, you’ve earned a share in that company. You dump the bucket out, and repeat the process.

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