Do you have a teenager who drives, or one who will soon? Then you'll probably find out that adding a teen to your car insurance policy is sort of like balancing a valuable vase on a tiger's head: it'll probably end in an accident, and it'll probably be expensive. (Lesson number one: don't balance vases on tigers.)
The bad news: you have a teenager eager to get behind the wheel – and recent RateWatch data shows that adding a teen driver to your auto insurance policy costs over $2,000 a year on average.
The good news: auto insurance rates are coming down, so this is the perfect time to shop for policy savings. It can cost even less if you manage to…
Avoid some of these common mistakes
1. Let your kid get bad grades.
Were you aware that a "good student" discount could take as much as 10–15% off the price of your car insurance policy? You are now. Some parents pay their children to maintain a B average or better; this discount will have your children paying you instead.
2. Buy a new car for your child.
All of those safety features will get you auto insurance discounts, right? They might, but it costs more to insure a new car – for you and your teen. Find a safe, used car and save on car payments and insurance.
3. Skip in-car driver training with your kid.
Let the driving school do it. Right parents? I mean, that's why you pay them the money! Not so. No matter what your state legally requires, the more time you spend in the car teaching your teenager to drive, the better.
4. Don't set a curfew.
Part of raising a child is letting them take responsibility, so there's no reason to impose limits. Well, not exactly. Even if your city doesn't have a curfew for teen drivers, you should consider it. Statistics show that teenage driving deaths rise dramatically from 9 pm to 6 am. And if you remember your own youth, you'll agree that there's no good reason for teens to plan trips past 9–10 pm.
5. Don't worry about packing the car with friends and distractions.
The most common cause of teen accidents is driver distraction – either from a car full of friends or a cell phone that's blowing up. It gets even worse with loud music, texting and taking pictures with a cell phone.
6. Speed, drink and don't wear your seatbelt.
It amounts to telling your teen the law is optional. If your child gets a ticket, restrict access to the car. If it's something serious – like a DUI – take away their driving privileges.
7. Lower your deductibles or keep them the same.
A low deductible means your auto insurance company will pay more if there's an accident. Raise it, and you could knock a lot off your premium. Dropping collision coverage on your teen's car can also save money. Just remember that you'll have to pay more for repairs in both cases, so calculate your savings before making the switch.
8. Make one of the other seven mistakes.
(Just kidding.)
8. Let your teenager drive a small, old car.
If you saw mistake number two and thought you could avoid it by getting your teen an older compact car, you're probably wrong. If it's not a safe car, you won't qualify for safety discounts.
9. You said there were only eight mistakes!
Well, I lied. That's right; I said it: I lied. I'll let you in on a little secret: there are probably way more than nine, or even ten! But do you know the biggest one of all? (Drum roll, please.) Not shopping around to compare rates! Insurance.com data shows the average difference between the highest quote for adding a teen and the lowest quote is over $2,000 a year. Failing to compare auto insurance rates can be a very expensive mistake.
Friday, July 31, 2009
Home equity loan
A home equity loan (sometimes abbreviated HEL) is a type of loan in which the borrower uses the equity in their home as collateral. These loans are sometimes useful to help finance major home repairs, medical bills or college education. A home equity loan creates a lien against the borrower's house, and reduces actual home equity.
Home equity loans are most commonly second position liens (second trust deed), although they can be held in first or, less commonly, third position. Most home equity loans require good to excellent credit history, and reasonable loan-to-value and combined loan-to-value ratios. Home equity loans come in two types, closed end and open end.
Both are usually referred to as second mortgages, because they are secured against the value of the property, just like a traditional mortgage. Home equity loans and lines of credit are usually, but not always, for a shorter term than first mortgages. In the United States, it is sometimes possible to deduct home equity loan interest on one's personal income taxes.
There is a specific difference between a home equity loan and a Home Equity Line of Credit (HELOC). A HELOC is a line of revolving credit with an adjustable interest rate whereas a home equity loan is a one time lump-sum loan, often with a fixed interest rate.
When considering a loan, the borrower should be familiar with the terms recourse and nonrecourse loan, secured and unsecured debt, and dischargeable and non-dischargeable debt.
US traditional mortgages are usually non recourse loans. "Nonrecourse debt or a nonrecourse loan is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable."[1] A US home equity loan may be a recourse loan for which the borrower is personally liable. This distinction becomes important in foreclosure since the borrower may remain personally liable for a recourse debt on a foreclosed property.
Home equity loans are secured loans. "The debt is thus secured against the collateral — in the event that the borrower defaults, the creditor takes possession of the asset used as collateral and may sell it to satisfy the debt by regaining the amount originally lent to the borrower." [2] Credit card debt is an unsecured debt such that no asset has been pledged as collateral for the loan. Using a home equity loan to pay off credit card debt essentially converts an unsecured debt to a secured debt.
When deciding upon a type of loan, the borrower should also consider if the debt is dischargeable in bankruptcy. For instance, US student loans are "practically non-dischargeable in bankruptcy".
Home equity loans are most commonly second position liens (second trust deed), although they can be held in first or, less commonly, third position. Most home equity loans require good to excellent credit history, and reasonable loan-to-value and combined loan-to-value ratios. Home equity loans come in two types, closed end and open end.
Both are usually referred to as second mortgages, because they are secured against the value of the property, just like a traditional mortgage. Home equity loans and lines of credit are usually, but not always, for a shorter term than first mortgages. In the United States, it is sometimes possible to deduct home equity loan interest on one's personal income taxes.
There is a specific difference between a home equity loan and a Home Equity Line of Credit (HELOC). A HELOC is a line of revolving credit with an adjustable interest rate whereas a home equity loan is a one time lump-sum loan, often with a fixed interest rate.
When considering a loan, the borrower should be familiar with the terms recourse and nonrecourse loan, secured and unsecured debt, and dischargeable and non-dischargeable debt.
US traditional mortgages are usually non recourse loans. "Nonrecourse debt or a nonrecourse loan is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable."[1] A US home equity loan may be a recourse loan for which the borrower is personally liable. This distinction becomes important in foreclosure since the borrower may remain personally liable for a recourse debt on a foreclosed property.
Home equity loans are secured loans. "The debt is thus secured against the collateral — in the event that the borrower defaults, the creditor takes possession of the asset used as collateral and may sell it to satisfy the debt by regaining the amount originally lent to the borrower." [2] Credit card debt is an unsecured debt such that no asset has been pledged as collateral for the loan. Using a home equity loan to pay off credit card debt essentially converts an unsecured debt to a secured debt.
When deciding upon a type of loan, the borrower should also consider if the debt is dischargeable in bankruptcy. For instance, US student loans are "practically non-dischargeable in bankruptcy".
Cheap auto insurance
Do you want car insurance at low rates? The easiest way to get an affordable price on your auto insurance is to request several car insurance quotes from our website. Why would you waste your time on the phone calling around? The last thing anyone wants to do is listen to elevator music while waiting for a salesman.
With Best Cheap Auto Insurance it only take three steps to get low cost auto insurance (well, actually it’s two steps to receive your auto insurance, since the third step is you benefiting from having the cheapest car insurance around–but whose counting). All you need to do is:
Fill out the quote form - Unlike other auto insurance forms ours is short and to the point. You don’t need to fill out pages and pages of personal information with us. Just simply give us a few details. It will take you less than a minute to fill out.
Choose the best quote without obligation - One concern people have is whether or not they are obligated to any insurance company when they fill out our form. You have no obligation to buy car insurance with any agent that contacts you. In fact, it’s good policy to not go with the first offer you get.
Get insured for less - Once you have done step one and two you won’t have to wait long before you receive several low cost car quotes, and can choose the best one for you.
Other Ways to Find Low Cost Car Insurance
You might have heard that you are more likely to get into a car accident than ever to get into a plane crash. For obvious reasons, this might be a good thing, but it also shows how often car crashes occur. If you park your car on your own property, and never drive it anywhere, you might not need car insurance. Yet, most people buy a car to drive it and not just have it decorate their driveway. Thus, if you plan to drive you also need to plan on having auto insurance to protect you from accidents that will most likely happen.
The easiest way for people to save money when looking for insurance is to shop around. As stated above, taking the first quote offered is not in your best interest. The price that one insurance company quotes could easily be triple the cost compared to another car insurance who offers the same amount of coverage. The high cost insurance company may not be trying to rip you off. They may be quoting a higher rate because they consider something as a high risk factor; whereas another company may not see it as being as important.
You receive a quote from an insurance company by adding or subtracting money to your quote after each answer you give. With every company being different you will get a better deal by getting quotes from as many companies as possible.
Another tip on lowering your monthly insurance payment is finding out what category your car falls in to. Due to so many cars on the road, insurance companies have devised a method of dividing automobiles into a series of groups. In all, there are twenty categories. You will find that usually the higher the category your car is in, the higher your premium will be. It is important that younger drivers should get a car in the lowest category to reduce their monthly car insurance payment. It is wise when buying a new car to find out what category your new car falls into and be sure it’s not going to cost you too much to be insured.
The next way to reduce your payment is to keep a clean driving record and build up your no claims bonus. Obviously, it is much easier said than done, but if you have a clean driving record and up to 5 years of no claims bonus you could see a reduction on the amount you pay for your premium by as much as 75%.
Improving your vehicle’s security can considerably reduce the amount you pay. Having an alarm will get you a small discount. Also, by having a tracker fitted to your car will help you see a bigger reduction in your monthly premium. Surprisingly enough, even where you park at night will help to lower the amount of your car insurance. If you select to park on a driveway rather than on a street you should see a 5% difference in your premium.
Other effective ways to lower your premiums are to take an advanced driving test, pay your premium annually instead of monthly, remove unnecessary drivers from your policy, and reduce your annual mileage.
With Best Cheap Auto Insurance it only take three steps to get low cost auto insurance (well, actually it’s two steps to receive your auto insurance, since the third step is you benefiting from having the cheapest car insurance around–but whose counting). All you need to do is:
Fill out the quote form - Unlike other auto insurance forms ours is short and to the point. You don’t need to fill out pages and pages of personal information with us. Just simply give us a few details. It will take you less than a minute to fill out.
Choose the best quote without obligation - One concern people have is whether or not they are obligated to any insurance company when they fill out our form. You have no obligation to buy car insurance with any agent that contacts you. In fact, it’s good policy to not go with the first offer you get.
Get insured for less - Once you have done step one and two you won’t have to wait long before you receive several low cost car quotes, and can choose the best one for you.
Other Ways to Find Low Cost Car Insurance
You might have heard that you are more likely to get into a car accident than ever to get into a plane crash. For obvious reasons, this might be a good thing, but it also shows how often car crashes occur. If you park your car on your own property, and never drive it anywhere, you might not need car insurance. Yet, most people buy a car to drive it and not just have it decorate their driveway. Thus, if you plan to drive you also need to plan on having auto insurance to protect you from accidents that will most likely happen.
The easiest way for people to save money when looking for insurance is to shop around. As stated above, taking the first quote offered is not in your best interest. The price that one insurance company quotes could easily be triple the cost compared to another car insurance who offers the same amount of coverage. The high cost insurance company may not be trying to rip you off. They may be quoting a higher rate because they consider something as a high risk factor; whereas another company may not see it as being as important.
You receive a quote from an insurance company by adding or subtracting money to your quote after each answer you give. With every company being different you will get a better deal by getting quotes from as many companies as possible.
Another tip on lowering your monthly insurance payment is finding out what category your car falls in to. Due to so many cars on the road, insurance companies have devised a method of dividing automobiles into a series of groups. In all, there are twenty categories. You will find that usually the higher the category your car is in, the higher your premium will be. It is important that younger drivers should get a car in the lowest category to reduce their monthly car insurance payment. It is wise when buying a new car to find out what category your new car falls into and be sure it’s not going to cost you too much to be insured.
The next way to reduce your payment is to keep a clean driving record and build up your no claims bonus. Obviously, it is much easier said than done, but if you have a clean driving record and up to 5 years of no claims bonus you could see a reduction on the amount you pay for your premium by as much as 75%.
Improving your vehicle’s security can considerably reduce the amount you pay. Having an alarm will get you a small discount. Also, by having a tracker fitted to your car will help you see a bigger reduction in your monthly premium. Surprisingly enough, even where you park at night will help to lower the amount of your car insurance. If you select to park on a driveway rather than on a street you should see a 5% difference in your premium.
Other effective ways to lower your premiums are to take an advanced driving test, pay your premium annually instead of monthly, remove unnecessary drivers from your policy, and reduce your annual mileage.
Forexexchange
Choosing a Forex Broker
Choosing a good Forex broker can be as complicated as Forex trading itself. For that reason, investors should do their homework as diligently as they would for a trade. Here are some tips to keep in mind to make your research and choice easier.
Currency Trading vs Stock Investments
When buying stocks you're making an investment in a company. Buying shares is short for 'purchasing a share of ownership'. By contrast, no one is making an investment in Japan by buying yen. We leave aside politically motivated actions by large central governments. Currency is exchanged in order to facilitate the movement of goods and the payment of services between multiple countries, but that's a relatively small percentage of the total $2 trillion daily volume. The largest amount is simple speculation.
Forex Signals as a Trading Tool
Prices in Forex markets are the most volatile of any trading instrument. They change farther and faster (on average) than stocks and bonds, though commodities can be pretty roller coaster, too. This presents non-professional investors with a dilemma: either sit by a computer monitor all day, looking for price movements in real time or potentially lose a whole lot of money. But there's a way out of that dilemma. Use signal services.
Line Graphs, Bar and Candlestick Charts
Today, every form of trading has become complex. Even in the (relatively) simple world of stock trading, it's possible to become lost in a bewildering array of charts, diagrams and technical indicators. Nowhere is this more true than Forex trading.
Forex Trading - Margin Calls, a Cautionary Tale
The current ask price for EUR/USD is 1.1903. So the investor buys one euro (EUR) at the rate of 1.1903 dollars per euro. Trading one lot (100,000 units) means the investor pays 100,000 x $1.1903 = $119,030 and obtains 100,000 euros. The investor speculates that the euro is undervalued against the dollar, and turns out to be right. Now what?
Reviews
Forex Mentor
My 'Big Dogs' Forex Course & Mentorship is a complete program that teaches you the same system used by banks, financial institutions and professional Forex traders alike to trade currencies on the foreign exchange. Your drive to succeed and passion for Forex trading, combined with my powerful, yet simple Forex Trading system delivered through our interactive course, is the winning formula you have been looking for.
Forex Web Trader
Forex Trading on the internet is emerging as one the the new avenues for the average day trader. With the advent of a web-based trading platform, tight spreads and easy deposit methods, the average person can now become a forex daytrader in seconds. ForexWebTrader.com is emerging in this group with its simple and yet very professional platform. Trading from this virtual cockpit is quite an experience, especially with $25 to start.
Forex Yard
FOREXYARD allows you to fund your account with your credit card, so you can start trading immediately. FOREXYARD cares about protecting your credit card security as well as protecting your privacy to the highest standards.
The Trading Authority
TheTradingAuthority is an exceptional team of market traders with over 65 years of combined trading experience. Started by Todd Brown, an 12 year veteran of the markets, we have put together some of the best minds in the industry. The Trading Authority is a full-service trading education company, successfully mentoring prop trading firms, active screen traders, and floor traders for over a decade.
FX Universal
FX Universal is a world class provider of foreign exchange trading services. Our staff is comprised of a dedicated group of trading, technology, and finance professionals who apply their experience, teamwork and innovation towards a common goal - helping traders succeed in the Forex market. FX Universal specializes in offering traders Forex trade signals, Forex courses and Forex trading accounts
Headlines
Rupee up 11 paise against dollar - Times of India
MUMBAI: The Indian rupee on Friday appreciated by 11 paise against the US currency in early trade on capital inflows by foreign funds on expectation that the domestic markets may open strong, in tandem with other global bourses. At the Interbank
Forex Market Update: British Pound Bounces Back, With EUR/GBP Turning - DailyFx
Cable traded back above the 1.6400 handle amid reports of strong interest from Asian sovereign names. The British pound was buoyed by Middle Eastern interest, which came in at 1.6385 and continued up to highs of 1.6496. Offers across the 1.6500 level
FOREX-Dollar drops as Fed reassures, kiwi falls after data - ninemsn
TOKYO, June 26 (Reuters) - The dollar fell against a basket of currencies on Friday, extending losses made the previous day as investors shifted funds back into risky assets as the Federal Reserve appeared to confirm this week that it will keep
FOREX-Dollar slides, risk appetite returns - ninemsn
LONDON, June 26 (Reuters) - The dollar fell against a basket of currencies on Friday after a series of global liquidity measures boosted investor sentiment, while higher equities and commodity prices further pressured the greenback. Investors shifted
Forex Market Update: Dollar Weakens Across the Board, With EUR/USD - DailyFx
The dollar lost slight ground in Asian trading on Friday, led mostly by a gain in the EUR/USD with the pair rising from 1.3975 to highs of 1.4062, purportedly on Asian sovereign demand. But, despite the gains, the EUR/USD, and most major currency
Choosing a good Forex broker can be as complicated as Forex trading itself. For that reason, investors should do their homework as diligently as they would for a trade. Here are some tips to keep in mind to make your research and choice easier.
Currency Trading vs Stock Investments
When buying stocks you're making an investment in a company. Buying shares is short for 'purchasing a share of ownership'. By contrast, no one is making an investment in Japan by buying yen. We leave aside politically motivated actions by large central governments. Currency is exchanged in order to facilitate the movement of goods and the payment of services between multiple countries, but that's a relatively small percentage of the total $2 trillion daily volume. The largest amount is simple speculation.
Forex Signals as a Trading Tool
Prices in Forex markets are the most volatile of any trading instrument. They change farther and faster (on average) than stocks and bonds, though commodities can be pretty roller coaster, too. This presents non-professional investors with a dilemma: either sit by a computer monitor all day, looking for price movements in real time or potentially lose a whole lot of money. But there's a way out of that dilemma. Use signal services.
Line Graphs, Bar and Candlestick Charts
Today, every form of trading has become complex. Even in the (relatively) simple world of stock trading, it's possible to become lost in a bewildering array of charts, diagrams and technical indicators. Nowhere is this more true than Forex trading.
Forex Trading - Margin Calls, a Cautionary Tale
The current ask price for EUR/USD is 1.1903. So the investor buys one euro (EUR) at the rate of 1.1903 dollars per euro. Trading one lot (100,000 units) means the investor pays 100,000 x $1.1903 = $119,030 and obtains 100,000 euros. The investor speculates that the euro is undervalued against the dollar, and turns out to be right. Now what?
Reviews
Forex Mentor
My 'Big Dogs' Forex Course & Mentorship is a complete program that teaches you the same system used by banks, financial institutions and professional Forex traders alike to trade currencies on the foreign exchange. Your drive to succeed and passion for Forex trading, combined with my powerful, yet simple Forex Trading system delivered through our interactive course, is the winning formula you have been looking for.
Forex Web Trader
Forex Trading on the internet is emerging as one the the new avenues for the average day trader. With the advent of a web-based trading platform, tight spreads and easy deposit methods, the average person can now become a forex daytrader in seconds. ForexWebTrader.com is emerging in this group with its simple and yet very professional platform. Trading from this virtual cockpit is quite an experience, especially with $25 to start.
Forex Yard
FOREXYARD allows you to fund your account with your credit card, so you can start trading immediately. FOREXYARD cares about protecting your credit card security as well as protecting your privacy to the highest standards.
The Trading Authority
TheTradingAuthority is an exceptional team of market traders with over 65 years of combined trading experience. Started by Todd Brown, an 12 year veteran of the markets, we have put together some of the best minds in the industry. The Trading Authority is a full-service trading education company, successfully mentoring prop trading firms, active screen traders, and floor traders for over a decade.
FX Universal
FX Universal is a world class provider of foreign exchange trading services. Our staff is comprised of a dedicated group of trading, technology, and finance professionals who apply their experience, teamwork and innovation towards a common goal - helping traders succeed in the Forex market. FX Universal specializes in offering traders Forex trade signals, Forex courses and Forex trading accounts
Headlines
Rupee up 11 paise against dollar - Times of India
MUMBAI: The Indian rupee on Friday appreciated by 11 paise against the US currency in early trade on capital inflows by foreign funds on expectation that the domestic markets may open strong, in tandem with other global bourses. At the Interbank
Forex Market Update: British Pound Bounces Back, With EUR/GBP Turning - DailyFx
Cable traded back above the 1.6400 handle amid reports of strong interest from Asian sovereign names. The British pound was buoyed by Middle Eastern interest, which came in at 1.6385 and continued up to highs of 1.6496. Offers across the 1.6500 level
FOREX-Dollar drops as Fed reassures, kiwi falls after data - ninemsn
TOKYO, June 26 (Reuters) - The dollar fell against a basket of currencies on Friday, extending losses made the previous day as investors shifted funds back into risky assets as the Federal Reserve appeared to confirm this week that it will keep
FOREX-Dollar slides, risk appetite returns - ninemsn
LONDON, June 26 (Reuters) - The dollar fell against a basket of currencies on Friday after a series of global liquidity measures boosted investor sentiment, while higher equities and commodity prices further pressured the greenback. Investors shifted
Forex Market Update: Dollar Weakens Across the Board, With EUR/USD - DailyFx
The dollar lost slight ground in Asian trading on Friday, led mostly by a gain in the EUR/USD with the pair rising from 1.3975 to highs of 1.4062, purportedly on Asian sovereign demand. But, despite the gains, the EUR/USD, and most major currency
Wednesday, July 22, 2009
Tuesday, July 21, 2009
ferox
Ferox is a financial modeling software company. We have stuck to this niche since our founding in 1979. Our core product is ENCORE!, which features an English-like modeling language, and separation of logic from data and reporting. It also includes a slew of features aimed at making it easy to develop, validate, troubleshoot, and maintain financial models over a long period of time.
Our target market consists of corporate planners, treasurers, and controllers; financial analysts and accountants in their employ; and consultants who provide services to them.
ENCORE! has proven to be especially good at consolidation and financial reporting, not just modeling. Teaming up with Drs. A.J. Hordijk, B.V. in the Netherlands, we have developed a high end financial consolidation system using ENCORE! as the calculation engine. The consolidation package, called WebFact, competes favorably with the market leader from Hyperion, at a fraction of the price. What's really nice about WebFact is that you can integrate planning and budgeting models with the regular monthly financial information that you consolidate. WebFact packs the power to handle multiple currencies, inter-company eliminations, journal adjustments, and multiple consolidation lists. It has more flexibility, faster implementation, all at a much lower price than the competition.
The changing landscape and complexity of healthcare finance makes this vertical market a natural for an ENCORE! based solution. Al Beech, who is a Fellow in the Healthcare Financial Management Association and a Certified Management Accountant with over a decade of experience in the Big 5 and healthcare consulting groups, has developed SFPS, a superb planning application to help the harried CFO. We're happy to have Al on the Ferox team to serve the healthcare financial planning market.
Ferox is a financial modeling and financial systems boutique. You get innovative products, great service, lots of know-how - all at a reasonable price.
Find out why companies such as Texaco Inc., TGI Friday's, and Midas International have come to depend on Ferox software and services.
Our target market consists of corporate planners, treasurers, and controllers; financial analysts and accountants in their employ; and consultants who provide services to them.
ENCORE! has proven to be especially good at consolidation and financial reporting, not just modeling. Teaming up with Drs. A.J. Hordijk, B.V. in the Netherlands, we have developed a high end financial consolidation system using ENCORE! as the calculation engine. The consolidation package, called WebFact, competes favorably with the market leader from Hyperion, at a fraction of the price. What's really nice about WebFact is that you can integrate planning and budgeting models with the regular monthly financial information that you consolidate. WebFact packs the power to handle multiple currencies, inter-company eliminations, journal adjustments, and multiple consolidation lists. It has more flexibility, faster implementation, all at a much lower price than the competition.
The changing landscape and complexity of healthcare finance makes this vertical market a natural for an ENCORE! based solution. Al Beech, who is a Fellow in the Healthcare Financial Management Association and a Certified Management Accountant with over a decade of experience in the Big 5 and healthcare consulting groups, has developed SFPS, a superb planning application to help the harried CFO. We're happy to have Al on the Ferox team to serve the healthcare financial planning market.
Ferox is a financial modeling and financial systems boutique. You get innovative products, great service, lots of know-how - all at a reasonable price.
Find out why companies such as Texaco Inc., TGI Friday's, and Midas International have come to depend on Ferox software and services.
Subscribe to:
Posts (Atom)
Subscribe To google
Posts
All Comments
