A Life Insurance Policy Can Give You Peace Of Mind

The saying happiness is a choice is too cliché but it is nonetheless true in many instances. Our life decisions help pave the way to either happiness or ruin, which means that prudence has to be exercised when making day to day choices. One such decision that we do need to make is how to prepare for the future, and while it may be morbid to think about our passing one day, many say it is a healthy attitude towards the reality of life. Hence, life insurance is becoming increasingly popular among young adults. Even people who have not yet started a family, or who haven’t yet left their 30’s are looking at term life insurance quotes for comparison, and many are setting up their policies earlier than ever before.

While life insurance is basically a preparation for the inevitable, it also provides benefits to people from day to day, including peace of mind.

Here are some of the ways of how life insurance can make people happy.

  1. Provides a Sense of Security for the Future

Security comprises a major part in peace of mind. The feeling of having a safety net, whatever may happen, gives a good feeling. Secure people are generally happy and they tend to appreciate the present more than those who opt to shoot in the dark and rely on luck. Having a life insurance provides such sense of security for people. It is said that many people in their late adulthood who have life insurance are reportedly happier than those who don’t.

  1. Gives Peace of Mind

Nothing compares to peace of mind. In fact, this is the top reason why people work hard and accumulate wealth. However, it seems elusive to some and many are quick to lose it. Buying life insurance gives a certain degree of peace of mind as it allows a person to secure his or her person. Knowing you will be taken cared of well upon your passing helps you feel prepared, and thus feel good about yourself. It also reduces the worries of future financial status and makes one enjoy their day to day life better.

  1. It’s a Way of Caring for Your Family

Family is one of the greatest things that can make you happy, and this happiness grows exponentially as one provides and cares for his loved ones. The same is true with life insurance. Buying yourself a life insurance plan is a portrayal of love to your family because you take the burden off of them when the time of your death comes. Life insurance will cover expenses upon death and this takes off a heavy financial load from your loved one’s shoulders. With it, you can also better enjoy your time with your family because you know everything is taken care of. A company like Fabric could be worth a look as they are a life insurance innovator that offers instant decisions and affordable policies. Fabric is perfect for absolutely anyone, but especially families and parents, who have realized the importance of planning ahead when it comes to their financial well-being and taking the stress out of their future.

Whatever other reasons may be on how life insurance contributes to your feelings of happiness, it is doubtlessly beneficial in the long run. This is why it is always better to buy a plan while it is still early on in life.

 

8 Frugal Living Tips For Mums and Dads


The difference between frugal living and being a cheapskate is something you can see when you look in the fridge.  When you look inside a cheapskate’s fridge you will find nothing but on the other hand, a frugal cook will have a lot of healthy foods stocked in the fridge. The literal meaning of frugality is to spend less money than you are earning, saving it, and utilizing it for useful purposes. I have compiled a list of frugal money saving tips to help out mums and dads on a quest for saving money.

Ceramic piggy bank

  1. Make sure you find some good coupons, as well as visiting UK free stuff sites for some fantastic frugal savings. You can save a lot of money by checking out the current offers before you start your shop. Also shop around for the best deals on household appliances, home wares and other items that can be more expensive purchases to make sure you get items that will really work for their money and should last you longer. I also suggest to read product reviews before you buy anything – you can do that on Trustorereview.
  2. Save all the change and extra coins in a piggy bank that no matter what you can’t open (without using a diamond cutter.) When the piggy bank gets full and heavy then you should open it and save the money in your bank. I deposited £128 in our bank account the last time we broke our piggy bank.This is also something I get my little boy to do to save his holiday spending money.
  3.  You should take a look at your weekly menu and cut some of the meat out, going vegetarian is not only good for your health but it also lets you save a lot of money.
  4. Make your detergents at home, it’s easy to do and there are a lot of tutorial videos on YouTube.
  5. You can visit Baby and Kids Market and eBay to sell all of your baby’s old clothes, toys and other equipment. I personally did this and made £112 which I then used to buy new clothes for Joe. This habit can not only help you save money but is also helpful for the environment as we get to recycle our old things. Most children’s clothing is not that worn – they grow so quickly after all, so good quality stuff is snapped up and you can make a decent profit.
  6. Take your kids to the nearby park or playground instead of an indoor play centre which can cost a lot of money. Joe loves the park, we just take a picnic and a football, and can have hours of fun.
  7. My visits to the supermarket are always planned. At the start of each month, make one visit to the grocery store and meat, vegetables, milk and bread in bulk – this is often a cheaper option.  Freeze the excessive stuff and use it through the month. It not only saves money on making the trips to the store but also stops you from buying clothes and other luxury items that you don’t really need on each visit.
  8. Always keep an eye on your electricity consumption. Keep the extra lights switched off and make sure that all of your appliances are running on energy-saving mode.

Is there anything you do to be more frugal? Let us know…

Savvy Student money tips With Cobalt Advisors

It has been quite a while since I was a student, but one thing I remembered clearly was having to pay off a hefty student loan at the end of my studying time. It took many years to finish paying off the student loans I accrued during that time. University is a time that should be one of the most fun experiences you will ever have, but, when it comes to money, you can end up building up debts that you will  be paying off for a long time, even as you are trying to sort your finances for life after study. So being a savvy student when it comes to your dosh is an option you should definitely be trying out.

In my student days.

In my student days.

Tips With Cobalt Advisors

Some debt is virtually unavoidable, but there are things that you can do that will help you manage your finances a little better. Here are my top five tips for being a money-savvy student.

  • Open a student bank account. A good student bank account will offer a good rate of interest on any savings, and an overdraft facility that is free. The TSB student account also offers a free £10 overdraft buffer, which means you won’t pay any overdraft fees or interest if you go overdrawn (either Planned or Unplanned) or exceed your Planned Overdraft limit by £10 or less.
  • Look at your credit cards and make sure you switch to a low interest card like those from Cobalt Advisors, then keep this in a special place for a rainy day. You never know when you might need instant cash for an issue – car trouble, an unexpected bill, so having a card that you could use without massive interest accruing is both useful and sensible.

Irish Students Marianne and Connell in Normal People

  • Look for a part time job. During my university days I worked part time in a shop to top up my income. Even a few hours a week can help to alleviate money worries. Student towns often have seasonal work, bar work etc. Look at things like stewarding at sports events and other jobs that can work at the weekend. Most students do not spends all day every day in lectures, so use some of that spare time wisely.
  • Budget. Writing a plan that shows what money you have, and what you need to spend it on is essential for avoiding excessive debt. Having this information down on paper shows you what is left once your bills and books are paid for.
  • Being a savvy shopper – budget supermarkets, charity shops and jumble sales, you can still shop on a budget. I lived in Birmingham’s Rag Market as a student, and totally loved my look. These days Charity shops have everything from Vintage to designer so you are sure to be able to create your own look at a budget that suits.
  • If you do need to get a loan, get a student version with low interest, that doesn’t have to be paid back until your earnings reach a certain level.
Some of my fave students - Fresh Meat.

Some of my fave students – Fresh Meat.

These are my tips, ones which I used when I was a student. You can find more useful tips in this savvy students guide.

Do you have a tip you could share?