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Debt Snowball or Debt Avalanche? Get a Handle on Your Debt


Being in debt can feel insurmountable, but people can try to make repayments easier with two techniques: the snowball method and the avalanche method. The former method focuses on paying off the smallest balances first, whereas the latter starts with the highest interest loans and works downward. In addition to these two overarching techniques, you’ll find many more nuances to managing your debt and the strategies you can try to pay off your balance in full.

For example, you may try a 0 percent balance transfer to lower interest rates on certain loans. This strategy gives you time to pay down your principal amount without paying interest for a brief time. However, expect to face balance transfer fees when you do. As with any other financial decision, make this one carefully and only after doing sufficient research and considering all factors. A personal loan may be a better way to refinance if you’re dealing with too much high-interest debt since a personal loan would give you a lower interest rate applied to fixed payments.

Are you ready to get a handle on your debt? Health IQ has several quizzes you can take to test and improve your knowledge about debt and credit. Do you need to decide whether you’d prefer the snowball or avalanche method? Do you even know how each type works? Take the quiz on debt snowball vs. avalanche to learn more about different types of debt, different financing options, and the many pros and cons of these techniques.


Health IQ: Re-Evaluate to Reduce What You Pay for Life Insurance


Young women who practice good health habits and haven’t had any children yet stand to pay the lowest amount possible for life insurance. However, any person — regardless of age, gender, or health — can make a few personal lifestyle changes and take some proactive steps to reduce the cost of life insurance. Health IQ, a company dedicated to rewarding health-conscious individuals, shares ways this reduction can be possible.

One of the most important steps to take is to buy a life insurance policy early. People who are in their 30s can lock in the lowest premiums, underscoring the importance of not waiting until you’re older to choose a policy. Moreover, you should re-evaluate your agreement annually. Sit down with an insurance agent to go over your options, and ask what you can do to lower your costs. If you’re paying per month, consider switching to an annual option. This option is ideal because monthly charges usually tack on additional processing fees. Eliminate these charges by switching to an annual plan.

A final tip is to reconsider your current benefit tier, something you’ll want to discuss with your agent the next time you review your policy. These ideas are only a handful of ways to lower the amount you pay for life insurance. In addition to reassessing your current policy and how you pay for life insurance, you can make a score of lifestyle changes. Test your knowledge with a quiz to see how much you know about managing your life insurance premiums.

About Health IQ

Health IQ’s mission is to improve the health of the world by celebrating the health conscious through financial rewards. Health IQ delivers better rates and underwriting, and was recently featured in sites such as CNBC, Venturebeat, and TechCrunch.  and partners with top-rated insurance carriers such as SBLI, Ameritas Life Insurance Corp. and Assurity Life Insurance Company, and reinsurer partner Swiss Re to offer health conscious people between 4 and 33 percent lower rates on life insurance. Founded in 2013 by a team of health conscious entrepreneurs, the company is a licensed life insurance company in all 50 states and has helped tens of thousands of individuals secure a total of $5.3 billion in insurance coverage.

Learn How to Find the Right Life Insurance Policy for Your Kids


Life insurance provides a fantastic financial safety net for your family. Should you pass away unexpectedly, your policy ensures the loved ones you leave behind don’t face money troubles. Nearly two-thirds of American adults have life insurance policies, according to a 2017 Princeton study. However, many of these policies don’t cover children. Burying a child is one of the most difficult things a parent could ever face, but comprehensive life insurance can make this time easier.

This quiz will test your knowledge of life insurance policies for children. Its questions cover a wide range of topics, including the circumstances when whole and term life insurance policies are best and how parents can give their children life insurance coverage. With just five questions, it’s perfect for busy parents. The multiple-choice format makes answering questions easy, and instant feedback tells you whether you’re correct. Don’t worry if you get an answer wrong. Consider it an opportunity to learn from the clear information that Health IQ presents! Health IQ explains every correct answer to help you build your knowledge as you progress through the questions.

No one wants to think about losing a child, but it’s worth considering how you might cope with funeral bills and medical expenses and how a life insurance policy covering your child could make life easier should tragedy strike. Take the Health IQ quiz to improve your life insurance knowledge before choosing a policy.

About Health IQ

Health IQ’s mission is to improve the health of the world by celebrating the health conscious through financial rewards. Health IQ delivers better rates and underwriting, and was recently featured in sites such as CNBC, Venturebeat, and TechCrunch.  and partners with top-rated insurance carriers such as SBLI, Ameritas Life Insurance Corp. and Assurity Life Insurance Company, and reinsurer partner Swiss Re to offer health conscious people between 4 and 33 percent lower rates on life insurance. Founded in 2013 by a team of health conscious entrepreneurs, the company is a licensed life insurance company in all 50 states and has helped tens of thousands of individuals secure a total of $5.3 billion in insurance coverage.

Save Big Time on Car Insurance: 5 Tips That Will Change Your Life


Do you think that you have to spend a small fortune to get proper car insurance? Well, think again! Because with the help of these tips you will save tons of money.

This is something you MUST buy if you have a car and there is no other way around it, but it does not mean you cannot save money in the process! 😉

Make sure to follow these tips, because they will make a difference that will save you hundreds of dollars in several cases!

Although, it pays off to learn more about insurance as a whole. Therefore, if you want to learn how it works and the different mechanisms that operate within it, then you should visit MarketReview.com.

#1 – Discover What The Market Has To Offer:

Some, or may I say way too many, fail prey to this mistake: buying the first offer they find. It does not work that way my friend, it does not. It is like dating, because you will not marry the first girl you meet, right? It rarely happens, and the same can be applied to car insurance: explore what the market has to offer!

Just like there are millions of women there is a plethora of different insurance plans, and by sticking to the first one you buy, you are missing out some incredible offers that could save you tons of money every single year.

Just because you bought an insurance plan last year does not mean you cannot change it. Indeed, it is recommended to explore the market at the end of each year, so you can see if your current plan is still the best out there or if there are better options.

If your mission is to save money, then you know what to do: explore the market!

#2 – Work With An Insurance Agent:

It does not matter if you want to get car, health or home insurance, if you want to get the best results then you should consider getting in touch with an agent.

Will you have to pay something? In the majority of cases you will not have to, because they will receive a commission if you choose their plan. It is virtually free, so it is a no-brainer if you want fast and excellent results.

#3 – Do Not Fill a Claim Just For Anything:

Many persons commit the big and expensive mistake of filling a claim for just anything, even those little things they could fix for a little bit of money. If you do so, then you will simply raise your premiums, and this will affect your finances.

While it is true that your insurance plan is there to protect you, you need to use it smartly so you can save money in the end. If you can afford to repair that damage with money of your own pocket without affecting you much, then go for it. It will pay off at the end of the day.

#4 – Opt For Higher Deductibles:

If you can afford it, then go for higher deductibles. This will allow you to save money in the end, because your premiums will be cheaper. This goes in concordance with the tip #3, because if you limit yourself to filling claims for incidents that really need the coverage, then you will save tons of money.


3 Hard-Earned Tips For Getting Out Of Debt


If you told me a year ago that I’d be the budgeting queen, I would have laughed in your face. I was never one for crunching numbers. Like anyone who spends a lot of time working, when I was home, my free time was precious, and I didn’t want to waste it pouring over my finances.

I preferred the buy now and figure it out later method, but eventually my shopping habits caught up with me. I found all my extra cash was going into my credit cards’ minimum payments, so I didn’t really have any money to spend on the things that really mattered. Sure, I always had the latest iPhone and the hottest Louboutins, but I never had enough money for bigger investments or a fun vacation. I realized I wasn’t putting away any money for my future.

And with my money tied up the way it was? Well, sometimes unexpected household responsibilities threw me for a loop. I even had to take out a personal loan to cover the repairs I needed on my leaky fridge. Though I have that cash advance to thank for helping me cover this repair quickly and painlessly, it symbolized a turning point in my life — the fact that I needed help paying a bill less than $300 was an eye-opener.

I decided I needed to make a change. Spending without a budget buried me under a mountain of bills, so the only logical way to get me out of it was creating a budget and sticking to it!

I won’t lie to you, it wasn’t easy. I shed a few tears as I struggled to create a budget that worked, and a few more trying to follow it like it was The Law. But through trial and error I found something that worked. I’m debt free and finally building a little nest egg for my future. And today I want to share with you the 3 most important things I learned along the way, so I can save you some tears of your own.

  1. Be very specific and realistic

When you’re struggling under a ton of debt, your only thought is that you need to get out of it. I know mine was! But that’s not enough. When you set goals this vague, it’s easy to lose your sense of purpose and feel useless when you aren’t achieving such a huge accomplishment as paying off all your debt all at once.

You need measurable goals you can track with realistic deadlines. Think baby steps! I was ready to be out of debt right then and there, but I needed several months of careful budgeting to tackle just my first few bills. I realized once I could focus on these small accomplishments, the task of eliminating my debt wasn’t so daunting.

  1. Be honest with yourself

I know I was guilty of convincing myself that my regular trip to the hairdresser or my weekly Amazon order was absolutely necessary, but this was a flat-out lie. In reality, the only money I needed to spend was on my mortgage and car payments, utility bills, groceries, and debt payments.

Be honest with yourself and identify unnecessary purchases for what they are. You can cut your own hair or skip the online shopping cart. That monthly gym membership you pay for but never use? Cancel it. Weekly take-out? Start cooking at home.

  1. Tackle highest interest first

Since I had so much debt, I didn’t know where to start. After doing a little research, I prioritized those loans with the highest interest rates rather than the largest debt.

My credit cards and the payday loans from MoneyKey I used in emergencies had higher interest rates than my student loans, which I had locked in at a very low rate while I was a student. While compound interest was going to add to what I had to repay on my student loans, it wouldn’t accrue as quickly as the interest on these other debts. So I used the extra money I found after I cut out unnecessary purchases and used it to pay off these high interest loans as quickly

Since they were smaller than other debts, I found it easier to pay them off once I really committed to my budget. In no time at all, I was clearing bills. I had actual proof that what I was doing worked, and it gave me the motivation to continue limiting my spending and sticking with my budget.

That’s the feeling I want to share with you through these tips. Now, I’m not going to spend my money on the new iPhone X because I know that I don’t have the money for it. (Really, who does at this point?) But that’s okay. I’m also debt free thanks to my frugal ways, so I count that as a win for me!

Life Insurance Quiz


While most of us know that life insurance is important, many of us think it’s something we don’t have to consider until we’re older. However, there are several good reasons why young people should get life insurance. With this helpful quiz, you’ll learn the benefits of getting life insurance while you’re young.

For many millennials, having a baby is a big life event that gets them thinking about life insurance. However, millennials should consider getting life insurance even before they have children because they can lock in a good rate when they’re young and healthy. In fact, life insurance premiums are generally lower for millennials because they have a better health history. Millennial women in particular have the lowest premiums because they have the longest life expectancy. Policies purchased after age 35 typically have a higher price point.

Even single millennials who don’t have children yet can still list their parents as beneficiaries to help cover any debt. For example, if a parent is a cosigner on a student loan, the loan will still need repaid by the parent if the insured passes away. That’s where life insurance can help.

While this short quiz won’t take you long because it only has seven multiple-choice questions, it’s packed with information that will help you learn the benefits of getting life insurance at a young age.

If you’d like to learn even more information about these benefits, take this informative quiz from Health IQ today. Then you’ll have even more knowledge to make an informed decision about life insurance.

5 Ways You Can Use Technology to Improve Your Finances


Photo Source: https://pixabay.com/en/stock-iphone-business-mobile-phone-624712/

Managing your finances can be a daunting prospect. There’s a lot of busywork to do and a lot of things to keep in mind, especially when you’re tracking your cash flow. It’s not a fun activity, but it has to be done if you want to be a financially responsible adult.

Technology nowadays can help in managing and improving your finances. Let’s explore some of the more common examples below.

Online Banking

It’s incredibly convenient to have access to your bank account anywhere you have an Internet connection. Imagine the time and effort saved by not calling up or heading over to the bank each and every time you want to check your account.

Having instantaneous access to your bank account allows you to closely monitor your finances. Some online banking sites can also facilitate payment for bills, which just further adds to the convenience of using the service.

Budget Tracking

Budget tracking apps can be as simple or as complicated as you want them to be. There’s a lot of them out in the market right now. Using them can be helpful in improving your purchasing decisions and cash management.

Most of these apps are free to use but gate special and advanced features behind a paywall. Do your homework first and find the right app that fits your need. Check a couple of trials out and see if you get into the habit of budget tracking. It can be a tedious habit, but it’s bound to help you sort finances out.

Earning Extra Money

The advent of the Internet has opened up limitless opportunities in making money while in the comforts of your own home. Online jobs and online business ventures are commonplace in this day and age. If you’re looking for a career change or a side gig, the Internet is quite possibly the best place to start the search in.

Selling stuff on the Internet is one easy side venture that many are engaged in nowadays. You can sell clothes online, sell your marketable skills and knowledge, and pretty much sell almost anything under the sun. Just find your niche and you’re set.

Getting Financial Advice

If you’re having trouble making sense of your cash flow, investments, and other financial matters, it probably best to ask for advice from the experts. If you don’t know any financial coach or accountant personally, you need not fret. Fortunately, there are a lot of them on the Internet.

The Internet is a treasure trove of information. Tread carefully though, as it is also rife with misinformation. Choose your sources carefully and learn to countercheck data.

Making Informed Purchasing Decisions

Almost all relevant businesses and services are on the Internet now. This is great for you, the average consumer, as you can conveniently find the best deals for whatever you’re looking to purchase.

Look to the largest online marketplaces and bazaars for the best deals, as they generally deal in bulk sales. If you’re particularly adventurous, there are auction and bidding sites out there that may have unique stuff up for grabs.

Managing your cash flow and finances can easily be done with the help of technology. There are a lot of online services and smart phone apps that can make the job easier and more convenient. Look for the ones that will fit your particular lifestyle and needs.

Aside from helping you manage your money, technology can also improve your financial standing. There are plenty of online jobs and businesses that you can get into with just a computer or a smart phone.