It is estimated that one percent of cats, and less than five percent of dogs are covered by pet insurance. However, if you do not have pet insurance, then you should definitely consider purchasing it. You never know when a medical emergency may strike. However, one of the best things that you can do to prepare for a medical emergency is to get pet insurance.
Get a Plan That Fits Your Budget
The cost is one of the reasons that many people opt not to get pet insurance. However, it is possible to get a plan that fits your needs and budget. You also have the option of playing the insurance quarterly, monthly or semi-annually.
Chance of Having Medical Problems Increases as Your Pet Gets Older
It is exciting to see your pet grow older. However, the older your pet is, the more likely he or she is to have health problems. Not only is your pet more likely to have health problems, but health problems in older pets are more expensive to treat.
Choose the Coverage You Need
Some people only want to have insurance to cover major accidents and surgeries. Others want an insurance plan that will cover routine examinations and vaccinations. You can select the coverage that you want. However, it is a good idea to get a plan that covers vaccinations and routine examinations. The cost of basic vet care is also going up.
Peace of Mind
Dealing with a sick pet is hard enough already. However, if you have pet insurance, then you will have one less thing to worry about. You will be able to spend more time focusing on getting your pet well instead of worrying about how you are going to pay for the treatment.
The amount of coverage that you get can vary. However, you can get up to 80 percent of the cost reimbursed on many insurance plans. Keep in mind that it is easy to get reimbursed. Most insurance companies require that send them a receipt from the vet. After that, you will be able to get your check within a few weeks.
Protect Your Emergency Fund
Many people have to take money out of their emergency to pay for vet bills. However, you will be less likely to need to use your emergency fund if you have pet insurance. You can save this money for other unexpected expenses, such as vehicle repair.
Planning a monthly budget is the first step towards long-term financial responsibility. But what if you’ve never created one before? Where do you even begin? Here are just a few tips for figuring out your finances, curbing your spending and condensing it all into a workable plan.
1. Have a Goal
Maybe you want to get out of debt. Maybe you want to save up for something special. There’s a reason why you’re counting your coins, and it should be the front and center of your budget. For example, if you need an extra $100 a month, your budget should be focused on saving at least $25 a week.
2. Sit Down With Your Finances
There are two major things that you need to know to create an effective budget:
- How much you earn each month
- How much you spend each month
Without these numbers, you can only make guesses about your finances, so it’s important to figure them out. You’ll need to work with solid, actionable numbers if you’re serious about learning how to manage your money.
3. Get Digital
Most banks offer online banking for their customers, and this can be invaluable for tracking your expenses and moving your money. How much did you spend today? What pending transactions are on your account? What’s that overdraft going to cost you? Your online account will tell all. You might even enjoy special perks from having an online account.
You might be shocked by how much money you’re throwing away on your daily dose of Starbucks. You might also be disturbed at the total amount that you’re spending on bars, movies, restaurants and streaming services when you put them all together under the “entertainment” umbrella. Is your monthly entertainment really worth that monthly price?
5. Give Yourself Limits
Once you’ve identified your problem areas, it’s time to start curbing your spending. A good way to accomplish this is by dividing your expenses into different categories. You can allocate specific percentages of your income to things like “rent,” “food” and “toiletries.”
6. Stop Using Plastic
Studies have shown that credit and debit cards can stimulate overspending. Since you aren’t seeing the money disappear, you’re more likely to be careless with it. Switch to cash if you want a physical deterrent from spending too much.
7. Eliminate Unnecessary Fees
What can you do to eliminate the fees of your various accounts and subscriptions? If it’s your bank charging you a maintenance fee, maybe you can get rid of it by signing up for direct deposits. If it’s your utility company charging you for paper statements, maybe you can switch to online statements instead.
8. Start Saving
Speaking of savings accounts, they’re a good idea for people trying to budget. In addition to earmarking your money for a long-term goal, banks usually have limitations on how often you can withdraw from a savings account before getting a penalty. This can be the motivation that you need to leave that money alone.
9. Use Budgeting Software
All that you really need to make a budget is a pencil and paper. If you require a little more assistance, however, there are a number of tools, apps, software programs and web calculators that can help you create and maintain a budget. They’re especially useful if you need access to your budget on a variety of devices.
These are just nine tips for getting your finances back on track with the use of a monthly budget. Whether you’re hoping to encourage big savings or just small adjustments to your spending habits, these guidelines can help you become a smarter and more financially responsible person.
Numerous people from across the country have low credit scores. You might have a significant amount of debt, or you might have delinquent accounts. Whatever the reason, it is important to get your score up, so you will have good credit. Your credit score can have a big impact on whether you can be approved for new credit, and it can affect your interest rate on loans and credit cards. If you need help with your credit, it is important that you research the best ways to repair your credit.
The best way to build your credit is to pay your bills on time. Your payment history comprises 35% of your credit score. If you are late on payments, your score will drop; however, most companies report to the credit bureaus each month, so if you pay on time, your credit will be affected in a positive way. It might be a good idea to set up recurring payments so you will not forget to pay. You could also keep a notebook with the due dates of all your creditors. If you just cannot pay every one of your bills, just skip the payment on only one account.
Another way to improve your credit is to correct any errors that are on your credit report. Most people have at least one error on their report, so you need to get it fixed. Order a copy of your report from the 3 credit bureaus, and look to see what is inaccurate. If you see mistakes, file a report with the bureau. Repairing the inaccuracies on your credit report can help raise your score.
If your credit cards are at their credit limit, it can really hurt your credit score. Stop using your credit cards. Your cards usage should be under 20% of their limit. Having low amounts on your credit card indicates that you use the cards wisely.
You can find numerous legitimate credit repair companies that can help you build credit. Lexington Law and Sky Blue Credit Repair are just two reputable companies that have had proven results. They will send letters to your creditors, and they will help you monitor your progress. You will also have access to your credit reports.
You need to be careful of scams. Be very skeptical of companies that say they can erase bad credit or that they can raise your credit score in a certain period of time. Raising your credit score takes some time to accomplish. There is usually not a quick fix. You need to do it the legal way and the correct way, and then you need to maintain your good credit.
If you have bad credit, there are ways to get your score up. Having a good credit score can have a significant impact on your life. You cannot erase the mistakes you have made in the past, but you can do something to improve your future.