Peter Anderson is a Christian, husband to his beautiful wife Maria, and father to his 2 children. He loves reading and writing about personal finance, and also enjoys a good board game every now and again. You can find out more about him on the about page. Don’t forget to say hi on Pinterest, Twitter or Facebook!
Government officials can’t predict exactly when inflation will go down, but representatives of the International Monetary Fund expect the U.S. inflation rate to reach its 2 percent target by the end of 2023.
The information provided on this website does not, and is not intended to, act as legal, financial or credit advice. See Lexington Law’s editorial disclosure for more information.
Consumers around the world are currently grappling with rising costs, making many people wonder how long this high rate of inflation is going to last. Although the U.S. inflation rate has nearly quadrupled since 2020, inflation is even worse in other countries. In Israel, for example, the inflation rate has increased by 25 times in the last two years.
When inflation is high, consumers have less purchasing power, making it more difficult to afford housing, food, utilities and other necessities. Some consumers have even changed their spending habits to account for rising costs. So, how long will inflation last? No one knows for sure, but it’s possible to make an educated guess based on what the Federal Reserve is currently doing to reduce spending.
What is inflation, and how does it work?
The Federal Reserve defines inflation as an increase in the overall price level of an economy’s products and services. This refers to a general increase in prices, not an increase in a single product or service category. For example, it’s possible for the cost of dairy products to increase without the rate of inflation increasing.
When inflation is high, many consumers have less purchasing power. This is because their income doesn’t buy as many products and services as it did when inflation was low. Inflation also has a negative impact on banks that loan money at fixed interest rates. If a bank makes a loan at 6 percent interest, an inflation rate of 7 percent would reduce its real income, or the amount of money it earns after taking inflation into account.
In the United States, the Consumer Price Index (CPI) helps estimate inflation by tracking the average change of prices over time. This index doesn’t include the price of every good or service. Instead, it uses a market basket of goods and services typically purchased by consumers in urban and metropolitan areas. In July 2022, the U.S. Bureau of Labor Statistics reported that the CPI rose by 1.3 percent in June, bringing the total increase for the last 12 months to 9.1 percent.
Why is inflation so high right now?
Although many Americans are feeling the pinch of higher prices, inflation is a global problem. In response to the COVID-19 pandemic, government officials around the world implemented mandatory lockdowns to prevent the spread of the disease. With so many businesses closed, the demand for goods and services declined.
Once businesses started reopening, demand soared. With the unemployment rate falling to 3.5 percent in July 2022, job seekers have more bargaining power, driving up wages and giving many consumers more money to spend on goods and services. Consumers also saved more money than usual in 2021 due to concerns over how the ongoing pandemic would affect their finances.
Although demand has increased, many companies are unable to fill orders due to manufacturing and shipping backlogs associated with the pandemic. When demand exceeds supply, firms increase their prices, contributing to higher rates of inflation.
Finally, many consumers are spending more on services than goods, increasing demand in the service sector. As a result, it now costs more to rent an apartment, dine at a restaurant or hire someone to perform housekeeping or landscaping services.
The government’s response to inflation
The Federal Reserve is currently implementing contractionary monetary policy to reduce demand and give the economy a chance to cool off. This involves raising interest rates to decrease consumer spending and business-related investment spending.
The Biden-Harris administration is also focused on lowering costs for low-income and middle-class families. President Biden signed the Inflation Reduction Act of 2022 into law on August 16, 2022, and this act aims to reduce energy costs and make healthcare more affordable for Americans.
Because the current inflation rate is associated with high levels of demand, there isn’t much more the federal government can do to bring prices down. The plan is to continue raising rates until the inflation rate returns to 2 percent.
When will inflation go down?
Government officials can’t predict exactly when inflation will go down, but representatives of the International Monetary Fund expect the U.S. inflation rate to reach its 2 percent target by the end of 2023. To reach this target, analysts believe the Federal Reserve will need to raise rates by another 2 to 2.5 percent before then.
Are we in a recession?
Although government officials, consumers and business owners are concerned about the prospect of a recession, the United States hasn’t entered a true recession yet. A recession is characterized by rising levels of unemployment, lower retail sales and negative growth of the gross domestic product (GDP), among other factors.
In July 2022, the Bureau of Economic Analysis reported that the U.S. GDP declined by 1.6 percent in the first quarter of the year and 0.9 percent in the second quarter. Although GDP declined, retail sales increased by 1 percent between May and June 2022. The unemployment rate also fell from 5.4 percent in July 2021 to 3.5 percent in 2022. Therefore, the United States doesn’t yet meet all the criteria for an economic recession.
Where is inflation the worst in the United States?
In the United States, cities tend to have higher inflation rates than suburbs and rural areas, due in part to their higher housing costs. On July 13, 2022, Bloomberg reported that several American cities had crossed the 10 percent mark. Urban Alaska is at 12.4 percent, the Phoenix-Mesa-Scottsdale metro area in Arizona is at 12.3 percent and the Atlanta-Sandy Springs-Roswell metro area in Georgia is at 11.5 percent. Baltimore, Seattle, Houston and Miami also have inflation rates above 10 percent.
Inflation isn’t quite as bad in the New York-Newark-Jersey City metropolitan area, which had a 6.7 percent inflation rate in June 2022. Overall, inflation tends to be higher in the South and Midwest regions than it is in the Northeast region of the United States.
How will inflation affect my 2022 and 2023 taxes?
Take a look at the top ways your upcoming taxes might be affected by inflation.
Taxable income
Federal tax brackets are adjusted for inflation, which means you may drop to a lower tax bracket in 2022 even if your income doesn’t decrease. If high rates of inflation persist, you may get the same tax benefit when you file your 2023 return.
The standard deduction is also adjusted for inflation, so high inflation rates may help you reduce your taxable income even more than in previous years. In 2021, the standard deduction for a single filer was $12,550; for the 2022 tax year, it’s $12,950. If the economy doesn’t cool down quickly, the standard deduction may be even higher in 2023.
Health savings accounts
The annual HSA contribution limit is adjusted for inflation, so high rates of inflation allow you to put aside more money for medical expenses each year. The limits have already been increased for 2022, allowing individuals to contribute $3,650 per year and families to contribute $7,300 per year. In 2023, the limits will increase even more, to $3,850 for individuals and $7,750 for families.
HSA contributions are deducted on a pre-tax basis, so higher contribution limits may leave you with less taxable income, reducing your tax burden.
Retirement contributions
High levels of inflation can even help you save a little more money for your retirement. The contribution limits for 401(k) accounts and individual retirement arrangements (IRAs) are adjusted for inflation, so you can typically save more when inflation is high. For 2022, the 401(k) contribution limit is $20,500, an increase from the $19,500 limit for 2021. The IRA contribution limit didn’t increase for 2022, but it may go up in 2023 if the inflation rate continues to be high.
Although you can’t save more in your IRA this year, the income limit for 2022 was increased to keep up with inflation. As a result, you can now participate in a Roth IRA if your income doesn’t exceed $144,000 ($214,000 for married couples filing jointly).
Social Security
If you have combined income of more than $25,000 in a year as a single filer, your Social Security benefits are subject to federal income taxes; the limit increases to $32,000 for married couples filing jointly. Combined income includes half your Social Security benefits, your adjusted gross income and your tax-exempt interest income. These income limits aren’t adjusted for inflation, but Social Security benefits are.
For 2022, the federal government implemented a 5.9 percent cost-of-living increase for Social Security beneficiaries, and the 2023 adjustment could be as high as 10 percent, or even slightly more—we’ll know for sure in October 2022. This increase could push your combined income above the $25,000/$32,000 limit, making your Social Security benefits taxable for the first time.
Capital gains taxes
When you sell certain assets, you must pay capital gains tax on your profit. If you sell when inflation is high, you could end up with a profit on paper even if the sale results in a real loss. This typically happens when high rates of inflation erode your purchasing power over time.
If you made a $100,000 investment in 1980 and sold it for $200,000 today, it would look like you made a profit of $100,000. The truth is that $100,000 in 1980 dollars is equivalent to about $359,600 today. Although you made a profit on paper, you really lost a significant amount of purchasing power. Unless you qualified for some type of exemption, you’d have to pay capital gains tax since the purchase price of assets isn’t adjusted for inflation.
How can I save money while inflation is high?
You can’t control the national economy, but there are a few things you can do to strengthen your financial position while inflation is high.
Eat more meatless meals. Meat, poultry and eggs are among the food products with the highest price increases in 2022. To lessen the effects of rising costs on your budget, try adding a few meatless meals to your weekly menu.
Track your spending. If you don’t keep track of your spending, it’s easy to spend much more than you realize. Keep a record of how much you spend on necessities as well as extras like streaming subscriptions and movie tickets.
Start meal planning. If you spot a good deal at the grocery store, you can take advantage by planning several meals around that ingredient. For example, if a store is advertising chicken for $2.49 per pound, you may want to plan on eating chicken salad sandwiches for lunch each day that week.
Cancel unused subscriptions: In June 2022, Sarah O’Brien of CNBC reported that more than 40 percent of consumers were paying for at least one subscription they didn’t use. Unused subscriptions leave you with less money in your pocket, so canceling them can help you weather this period of high inflation.
Maintain a high credit score. When you have good credit, you typically qualify for lower interest rates and other favorable loan terms. If you have to borrow money while inflation is high, maintaining a healthy score can help you save money.
Keep the faith
Inflation makes it a little tougher to meet your financial goals, but that doesn’t mean you should give up on managing your finances responsibly. You can save money by tracking your spending, canceling unused subscriptions and planning your meals according to what foods are on sale each week.
Maintaining good credit can help you save money in the long run if you have to take out a loan or otherwise buy on credit. If your credit is lower than you’d like it to be, work with the credit repair consultants at Lexington Law to identify inaccurate negative items on your credit reports and make sure outdated information isn’t being held against you.
Note: Articles have only been reviewed by the indicated attorney, not written by them. The information provided on this website does not, and is not intended to, act as legal, financial or credit advice; instead, it is for general informational purposes only. Use of, and access to, this website or any of the links or resources contained within the site do not create an attorney-client or fiduciary relationship between the reader, user, or browser and website owner, authors, reviewers, contributors, contributing firms, or their respective agents or employers.
Reviewed By
Brittany Sifontes
Attorney
Prior to joining Lexington, Brittany practiced a mix of criminal law and family law.
Brittany began her legal career at the Maricopa County Public Defender’s Office, and then moved into private practice. Brittany represented clients with charges ranging from drug sales, to sexual related offenses, to homicides. Brittany appeared in several hundred criminal court hearings, including felony and misdemeanor trials, evidentiary hearings, and pretrial hearings. In addition to criminal cases, Brittany also represented persons and families in a variety of family court matters including dissolution of marriage, legal separation, child support, paternity, parenting time, legal decision-making (formerly “custody”), spousal maintenance, modifications and enforcement of existing orders, relocation, and orders of protection. As a result, Brittany has extensive courtroom experience. Brittany attended the University of Colorado at Boulder for her undergraduate degree and attended Arizona Summit Law School for her law degree. At Arizona Summit Law school, Brittany graduated Summa Cum Laude and ranked 11th in her graduating class.
Today we’ll review “Texas Trust Home Loans,” which refers to itself a leading, low-cost online mortgage company based in, you guessed it, Texas!
The company makes three big declarations: that they offer low rates, can close your loan in just 21 days, and are top rated based on customer reviews.
Let’s find out more to determine if they are living up to those lofty goals and ultimately making their clients happy.
Texas Trust Home Loans Fast Facts
Direct mortgage lender that offers home purchase and refinance loans
Founded in 2015, headquartered in Dallas, Texas
A dba of parent company American Heritage Capital, LP
Licensed to do business in five states nationwide
Low-cost online mortgage lender that aims to close loans in just 15 to 21 days
Texas Trust Home Loans is a Dallas-based direct-to-consumer mortgage lender that offers home purchase loans and mortgage refinance loans.
This means they serve both existing homeowners and those looking to purchase a home, remotely via their call center in Texas.
If you apply, you’ll be working with a loan team online and/or by phone to close your loan, with their aim to fund loans in just 15 to 21 days, which is super fast.
The company got its start back in 2015 and is actually a dba of parent company American Heritage Capital, LP, which also operates brands like Lendova.
At the moment, they are licensed in just five states nationally, including Colorado, Florida, Texas, Virginia, and Washington.
How to Apply with Texas Trust Home Loans
Call or simply visit their website to begin your loan application
You can search real-time mortgage rates then apply if you like what you see
They offer a digital home loan experience from start to finish using the latest tech
Most tasks can be completed electronically including secure document upload and eSigning of disclosures
To get started with Texas Trust Home Loans, you can call them up directly on the phone or just head over to their website.
My preference is their website, where you can search daily mortgage rates, then compare the many loan options side-by-side to determine which is best for your situation.
Assuming you find something you like, there’s a “next” button located next to each option that leads you directly to a digital mortgage application.
At that point, simply sign up, fill out the online application, upload any required documents, review and electronically sign your loan disclosures online, and you’ll be off to the races.
They say their All Digital Mortgage could save you up to $4,250 due to lower overhead, with the savings passed onto their customers.
Once submitted, you can sign in 24/7 to check loan status, access your to-do list, or get in touch with your loan team if you have questions or concerns.
Texas Trust Home Loans appears to make it easy to apply for and close a loan quickly thanks to their use of the latest fintech.
Loan Programs Offered by Texas Trust Home Loans
Home purchase loans
Refinance loans: rate and term, cash out, streamline
Conforming loans backed by Fannie Mae and Freddie Mac
Jumbo loans
FHA loans
Fixed-rate loans: 10, 15, 20, 25, and 30 year terms
Adjustable-rate loans: 5, 7, and 10-year ARMs
Texas Trust Home Loans Rates
One advantage to shopping with Texas Trust Home Loans is the fact that you can view mortgage rates directly on their website.
No need to call anyone or reveal any of your personal information first. Simply head to their website and click on “Rates.” They also have some sample mortgage rates right on their homepage.
From there, you’ll be able to tailor your search by providing borrower and property details to get accurate, up-to-date mortgage rates.
You’ll see multiple options that vary in closing costs, with the cheapest interest rates displayed requiring discount points be paid, and the more expensive rates requiring nothing out-of-pocket thanks to lender credits.
This allows you to decide on a perfect combination of rate and fee, whether you want the lowest payment possible or the least amount of fees.
They also advertise on Bankrate, and from what I saw were charging a $1,495 loan origination fee.
It’s unclear if they charge this fee on all their loans, or only via third-party sites where they advertise.
Regardless, it appears that all their loans can be structured so borrowers don’t pay any fees out-of-pocket thanks to those credits.
While Texas Trust Home Loans does not charge an application fee, they do require an upfront payment between $450.00 to $1200.00 (depending on the property type and location) for the cost of the home appraisal, which is non-refundable.
This is pretty standard practice, as all mortgage lenders tend to want some assurance that you won’t apply then go elsewhere for a better deal.
All in all, they seem to offer low rates as advertised, but do take the time to gather several mortgage quotes to ensure you snag a good deal.
Texas Trust Home Loans Reviews
On Bankrate, the company has a perfect 5-star rating from nearly 600 customer reviews, with literally only a couple not rated 5/5.
Additionally, 100% of those who reviewed the company would recommend them to others.
Over at Google, Texas Trust Home Loans has a similarly strong 4.7-star rating from about 300 reviews, so it’s clear they are earning top marks in customer satisfaction consistently.
Their parent company American Heritage Capital isn’t Better Business Bureau accredited, but does have an ‘A+’ rating based on complaint history.
Furthermore, they’ve only had one complaint closed in the past three years, and none in the past 12 months.
In summary, Texas Trust Home Loans seems to live up to their promise of offering low rates, fast closings, and stellar customer service.
I particularly like their transparency when it comes to mortgage rates and fees, and the fact that you can complete most tasks on a self-serve basis if you’re comfortable doing so.
Texas Trust Home Loans Pros and Cons
The Pros
Offer a digital home loan experience
Can apply for a mortgage online without any human assistance whatsoever
Openly display their mortgage rates on their website without need to login
Transparent about all fees including lender and third-party charges
Appear to offer low interest rates with limited or no lender fees
Plenty of loan programs to choose from
Their parent company has a A+ BBB rating
Online learning center where they educate on mortgages
Excellent reviews from past customers across different ratings websites
I’ve written about the importance of credit scores before, especially when it comes to getting a mortgage, mentioning that you could save tens of thousands of dollars if you simply had excellent credit.
Fortunately, it appears that the general public is aware of this, per a new study from credit bureau Experian.
The company said some 45% of would-be home buyers (those planning to buy in the next year) are holding off until they improve their credit scores.
This is a good thing because it means they’ll be able to qualify for a greater array of mortgage programs, instead of say just FHA financing, and potentially obtain a lower mortgage rate (and lower monthly payment) in the process.
Still, 34% of those surveyed fret that their credit scores may hurt their ability to purchase a home. And one in five are holding off entirely for at least the next 5-10 years because of a low credit score.
But instead of worrying and accepting defeat, why not take action to improve things so you can shop for a home with confidence?
54% of Future Buyers Are Working on Their Credit Now
The survey found that more than half of future buyers were actively working on improving their credit before making an offer by paying off existing debt, keeping balances low, and making on-time payments.
This is wise given the difference in mortgage rates for an average credit score versus an excellent credit score.
Generally, you want to shoot for a FICO score north of 760 (though 740 might also do) to ensure you obtain the best pricing on both your mortgage rate and PMI, if necessary.
Sure, you can still get approved for a mortgage with an average or even poor credit score, but you’ll just wind up paying a lot more interest over the years. And poor credit history is still the number one reason why individuals are denied a mortgage.
How to Take Action Today
If you’re unsure of how to turn things around, it’s actually pretty easy if you have the means. Assuming you’ve made timely payments on all your credit accounts but your score still isn’t where it should be, consider paying down those outstanding debts.
Last month, I revealed that that my own credit score tanked after the holidays because I made a ton of purchases on my credit cards, this despite paying all the balances to zero well before the due date.
The problem is that credit scores are simply a snapshot in time of your situation, and if you make a bunch of charges you could look worse off than you really are.
So the easiest way to keep your credit scores elevated is to avoid as many purchases as possible before looking for a home, while also paying down any existing balances. This will certainly boost your scores. Additionally, this budgeting can help you set aside more money for the down payment, closing costs, and reserve requirements associated with a mortgage.
Another biggie is to avoid opening any new credit accounts before you begin your home search. This is easy, just don’t do it. Those new credit accounts can drag your credit scores down and will likely increase your debt and take a bite out of your assets. Once your mortgage closes, you can go buy new furniture and whatever else you want.
If you’ve got some late payments on your credit history, your scores will definitely be depressed. One way to resolve this is by disputing the delinquencies with the credit bureaus directly, via their own websites. You don’t have to mail in letters anymore, so this process is a lot easier.
It’s possible to get negative items removed simply if the creditor(s) doesn’t respond to your dispute (even if you were still technically at fault). Once removed, your credit scores can skyrocket.
The takeaway is that a low credit score shouldn’t be the sole reason why you’re not buying a home. And it’s a very fixable problem.
However, it does take time for positive actions to reflect in your credit scores, so it’s never too early to start working on it. The moves you make today can save you thousands upon thousands in the way of a lower mortgage rate.
In some cases, you might even be able to buy more house because less outstanding credit card debt means your DTI ratio will allow for a larger mortgage payment. Your offer will also be more competitive.
Save more, spend smarter, and make your money go further
In an ideal world, your monthly cash flow would cover all your expenses — both expected and unexpected — and enable you to reach your financial goals. But financial situations are rarely ever that simple and straightforward.
What happens if something comes up in your life and your monthly budget nor your cash savings can handle the expense? There’s always the option to borrow, and while being in debt isn’t ideal, there are situations where it may make sense.
Before you take out your credit card and rack up a balance, look into other options. A personal loan might be a better financial bet.
What Is a Personal Loan (and Why Get One)?
A personal loan is a type of unsecured loan. “Unsecured” means you don’t put up collateral against the loan. When you take out a personal loan, you’ll typically receive the amount borrowed in a lump sum with fixed payment terms and a set interest rate.
Personal loans may be better options than credit cards because they offer better interest rates. Costing you less can be the biggest benefit, but a personal loan is also a different kind of credit account than a credit card. Managing various types of credit is one small action you can take to improve your credit score.
Keep in mind this is only true if you manage accounts and loans wisely. Here’s how to do so.
How to Manage Your Personal Loan Responsibly
Again, in an ideal world, you wouldn’t need to borrow money or wait a very long period of time to save up to buy what you want. But in real life, things happen and timelines shift. Taking out a personal loan can be an option. You just need to plan and act responsibly with the sum you borrow.
Don’t request more than you can reasonably afford to repay — and don’t take out a loan for a greater amount that what you truly need the money for. Not only do you need to pay that money back, but you’ll need to pay loan origination fees and whatever the interest rate on, making this option more expensive in the long run than simply using cash.
Create a repayment plan and stick to it. Know how much you need to allocate toward repaying your personal loan each month, and make it a priority in your budget. You may need to cut back on some discretionary spending, like meals out and shopping trips, in order to knock that loan out on time.
And before you take out any loan, make sure you fully understand the terms. Understand all the fees associated with the loan, and ask the lender if there are penalties for repaying the loan early.
What About Consolidating Debt with a Personal Loan?
Remember how it may make sense to take a personal loan over racking up credit card debt, thanks to a potentially lower interest rate? If you already have credit card debt across multiple cards and a high debt-to-income ratio, it may make sense to consolidate that debt with a personal loan.
This might be beneficial if you can get a lower interest rate on the personal loan than what you’re paying on your credit cards, and if you could afford the monthly repayment on the personal loan.
Like most other financial products, personal loans can be useful tools — but only if you wield them wisely and responsibly. Before applying for a personal loan, consider your overall financial health with a free credit score and report and consider if this is the right move for you.
Kali Hawlk is a freelance writer and the co-founder of Off The Rails, a free mentorship platform for creative women. She’s passionate about helping others do more with their money, their work, and their lives. Get in touch by tweeting @KaliHawlk.
From the Mint team: Everyone has different needs and desires as it relates to their financial situation. Mint’s new Loan Center has select personal loan and student refinancing options that may suit your needs (and have passed our sniff test!).
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It’s that time of year again. The joyous, magical time of giving and receiving!
What do I want for Christmas?
This is a question that you may find yourself asking this time of year.
It can be hard to ask someone what they would like as it feels kind of weird and embarrassing! Even worse, is actually telling someone exactly what you want.
Many times people are so caught up in their own lives, with work and school, and other things going on, that they don’t know what the best gift to give each other might be! The last thing anyone needs is more stress (or anxiety) around the holidays.
So, I have compiled a list of some ideas for what you might like as a gift this Christmas!
To kickstart this list, I asked around to my besties – both women and men what they really want for Christmas. This list is from real people!
Guaranteed you will find the perfect gift for that someone special on your list!
things I want for christmas
I hope this holiday gift guide helps give you some ideas for what to ask for this year!
Deep down, I want big things like travel, quiet time, health, and hanging out with my family. But, my family always wants ideas.
Regardless, if you have a big Christmas list or small one, here are great ideas for you.
What do I want on my Christmas list?
When it comes to Christmas lists, it can be tough to figure out what you actually want.
After all, there are so many things to choose from! But don’t worry, we’re here to help.
Consider the five-gift rule:
Something I Want
Something I Need
Something to Wear
Something to Read
Something to Do
Some great gift ideas for Christmas include clothes, books, movies, gift cards, and experiences like a trip or a concert. But remember: these are just suggestions! You should put whatever you want on your list–after all, it’s your Christmas present!
What Do I Want for Christmas?
Hey everyone, it’s that time of year again when we all start to think about what we want for Christmas.
Personally, I’ve been doing a lot of online shopping and have compiled a list of items that I would love to see under the tree on December 25th.
If you’re like me and still haven’t decided on what you want, don’t worry! I’ve got you covered with this ultimate holiday gift guide.
1. Headphones / AirPods
First up are headphones. There are a ton of different options when it comes to headphones, but I love my Apple AirPods I received a few years ago.
The price tags on most of their devices seem steep at first, but you can find some great entry-level ones that offer great quality.
I highly recommend quality headphones for your Christmas wish list.
2. Money
Money is a popular gift option because it offers a lot of flexibility. You can use it to buy anything you want, and it’s always appreciated. Some people find it difficult to ask for money or receive it as a gift, but with the right attitude, it can be a great way to show your loved ones that you care.
One way to give money as a gift is in a brainteaser box. This fun idea turns giving money into a game, and your friends and family will love trying to figure out how to open it.
However, before you can enjoy the benefits of being on the giving or receiving end of money, you need to have realistic expectations.
Money doesn’t buy happiness, and expecting too much from your loved ones can lead to disappointment.
If you’re feeling brave, why not ask for money this Christmas? It’s always better than expecting something expensive from your loved ones. Here are great money gift ideas.
3. Digital Photo Album
One of the favorite features on my phone is when random picture memories pop up! It makes my heart sing!
If you want a unique gift that will always have these happy photo moments, consider a digital photo album.
This is a great way to store and organize all of your photos in one place, and it’s also easy to share with friends and family.
There are many different options when it comes to digital photo albums, so you can find one that fits your needs. For example, if they like to travel a lot, you might want to choose an album that includes GPS tracking so they can always know where their photos were taken. Or if they’re into scrapbooking, find an album that allows them to add text and other elements to their photos.
Whatever option you choose, make sure the digital photo album is easy for your loved ones to use. The last thing you want is for them to be frustrated with trying to navigate through all of their photos!
4. Shiatsu Massage Chair Pad With Heat Function
If you’re looking for a massage chair pad that will help alleviate muscle soreness, easy neck stiffness, and eliminate fatigue, the Shiatsu Massage Chair Pad With Heat Function is an excellent choice. This product comes with a rolling and spot massage, providing a comfortable, soothing feel to muscles. Plus, it’s an excellent alternative to a full-body massage chair if space and cost are constraints.
The Shiatsu Massage Chair Pad With Heat Function is made with a washable and reusable fabric. It also has anti-slip feet on the bottom to stay in place. The heat function can be turned off if desired, or there’s a timer that will automatically shut it off after 10 minutes of use. You can buy this product on Amazon and way cheaper than a full massage chair.
5. Indoor Smart Herb Garden
If you’re looking for a unique and special gift for the gardener in your life, look no further than an AeroGarden In-Home Garden System. This garden kit takes care of itself and can be placed anywhere in the house–no green thumb required!
The Smart Herb Garden is a great way to get started with gardening, and it’s also perfect for anyone who wants to add scent and beauty to their home or apartment.
You can purchase additional seed pod kits as well.
6. LiLash Purified Eyelash Serum
If you’re looking for the best beauty splurge, look no further than LiLash Purified Eyelash Serum.
Their eyelash serums are made with natural vitamins and minerals to give you noticeable results in just 6 weeks, and full results in 12 weeks!
LiLash is a purified eyelash serum that is vegan, gluten-free, non-toxic, and cruelty-free. It has over a million users and a 90-day satisfaction guarantee. They’re also easy-to-use and fit right into your daily routine.
I want to splurge on this eyelash serum to lengthen and thicken my lashes!!
7. Shower Bluetooth Speaker
Do you hate having to stop your music or podcast when you go in the shower? If so, I have the perfect solution for you!
A shower speaker is a small, water-resistant speaker that can be used in the shower, by the pool, or anywhere else near water. They are often Bluetooth-enabled so that they can be connected to a phone or other device for streaming music.
The Oontz shower speaker is waterproof, shockproof, and dustproof. That means you can take it with you wherever you go without having to worry about it getting wet or damaged.
The battery lasts forever on a single charge, so you can use it all day long if you need to. And if that’s not enough, there are a lot of popular Bluetooth speakers on the market, but this is the one I personally have. So no matter what kind of music or podcast lover you are, there’s sure to be a speaker that’s perfect for you.
So check them out today and get ready to rock out in the shower!
8. Everyday Hammock Chair
If you’re looking for the perfect gift for the person who wants to slip away and relax, look no further than a hammock! This high-quality hammock chair is made of oak wood and is personalized with the user’s name on it. It’s also a great gift for any occasion!
While many think hammocks are for camping or for hikers to relax after a long day of trekking through the wilderness, they are perfect for ANYONE who needs an escape to quiet. And what could be better than getting to relax in your very own personalized hammock?
Hammocks make a great gift for any occasion, but it’s especially perfect for Christmas.
9. Breville, the Barista Express, Espresso Machine & Specialty Coffee at Home
The Breville Barista Express is a high-quality espresso machine that is perfect for the at-home coffee lover.
The machine is compact and easy to use, making it a one-stop shop for quality espresso.
The Barista Express also delivers fresh, quality espresso in under a minute, so you can get your caffeine fix quickly. Getting authentic café style results in no time at all.
10. Instant Pot Duo Crisp Large 11-in-1 Air Fryer & Electric Pressure Cooker Combo
Instant Pot has come out with a new product that is sure to be a hit every holiday season. The Duo Crisp Large 11-in-1 Air Fryer & Electric Pressure Cooker Combo.
This is something I always wanted, but never wanted to research which one is best. So, my mom bought this one for me. I absolutely love it! And we use it multiple times per week.
This product is a pressure cooker and air fryer combo with 2 convenient removable lids. This means that you can air fry your food in one multi-cooker and easily transition between pressure cooking and slow cooking.
11. Himalayan Rock Salt Lamp
Salt lamps have been popular in western nations for a while now, and for good reason. They offer a number of benefits to those who have them in their home. improved energy, better sleep quality, and purified air are just a few of the advantages you can enjoy from having a Himalayan Rock Salt Lamp.
People who have salt lamps often report multiple benefits from having them in their homes. Some people find that they help improve their moods, while others appreciate the added beauty that the circular design brings to their décor. And unlike traditional lamps, these Himalayan salt lamps are flicker-free, meaning you can read or relax near them without being disturbed by any light flickering.
We have a Himalayan Rock Salt Lamp in each of our bedrooms.
If you’re looking for a unique and beneficial gift this holiday season, consider gifting someone a Himalayan Rock Salt Lamp.
12. Spa Gift Set For Women
When it comes to finding the perfect gift for a woman, sometimes it can be tough to think outside the box. But don’t worry, we’ve got you covered! This year, consider a spa gift set. Women love to relax and pamper themselves, and what better way to do that than with a luxurious set of spa products?
Hint…hint… a spa gift set is always a great option!
No matter what type of woman you’re shopping for, there’s sure to be a spa gift set that’s perfect for her. Whether she loves spending time at the spa or just enjoys pampering herself at home, she’ll love these luxurious gifts.
So if you’re stuck for ideas this Christmas, why not go with something she’ll really appreciate – time to relax and be pampered?
13. Stress Reliever Ball
Do you find yourself feeling stressed out often? If so, we have the perfect solution for you!
This Serenilite Stress Reliever Ball is perfect for relieving some tension during the workday. It’s a fun addition to your desk or party, with the goal of bringing relaxation into your life when you need it most.
Each ball is made with three densities – soft, medium, and hard. Perfect for strengthening your grip, joints, and muscles.
14. Gemstone Birthstone Necklace
This necklace is a beautiful piece that would make the perfect gift for any occasion. It comes with one pendant and is made of high-quality materials. The pendant measures approximately 13 millimeters in height and is sure to impress.
This minimalist-style gemstone birthstone necklace is perfect for anyone who wants a unique and personalized piece of jewelry. The pendants are engraved and sealed with the month of your choice, making it a special and one-of-a-kind gift.
Who doesn’t want a personalized item for Christmas?!?!
15. Deep Tissue Muscle Treatment Portable Handheld Massage Gun
This handheld massage gun is perfect for those who need deep tissue muscle treatment. It comes with several adjustable speeds to help tense muscles, relieve pain, and increase blood flow. The Shiatsu massage is an added bonus that helps make this gun a great choice for anyone looking for relief from muscle pain.
This device is a great option for those who are on a budget or live in small spaces. The rolling and spot massage work on the back, but this device can be used anywhere on the body.
16. Traeger Wood Pellet Grill
A Traeger wood pellet grill is a great gift for the holidays because the user can control it from anywhere with WiFi and Alexa technology. The grill also has a built-in meat probe, so the user can cook to perfection every time.
They are known for their 6-in 1 versatility, which allows you to use it as a grill, a smoker, a bake oven, a roast oven, a braise pot, and even a BBQ pit.
Traeger is the original creator of the wood-pellet grill. Who says mama can’t smoke meat too?
17. Fitbit Versa 2
The Fitbit Versa 2 is the latest and greatest addition to the Fitbit family.
This smartwatch has all the features you need to help you stay on track. You can create alarms, set reminders, check the weather or start an exercise with Alexa. Plus, it comes in a variety of colors to fit your style.
This smartwatch has an always-on display mode and Fitbit Pay, so you can easily check your pace and distance during a run or pay for something without having to take your wallet out. It also has built-in GPS, so you can track your progress on runs or hikes. Plus, the battery life varies with use, so it’s perfect for people who want a watch that does it all.
So overall, the Fitbit Versa 2 is exactly what you want for Christmas!
18. Robot Vacuum Cleaner
If you’re looking for an easy way to keep your floors clean, a robot vacuum cleaner may be the perfect solution. It was for me!!
Robot vacuums are automatic vacuum cleaners that do not need cleaning themselves and can be charged automatically. They come in a variety of shapes and sizes, with multiple cleaning modes and auto-clean scheduling.
Some of the more popular brands include iRobot, eufy, and Shark. While there are many robot vacuums on the market, each has its own unique features that set it apart from the competition. For example, some models are designed for pet owners or have special attachments for dealing with tougher messes.
When shopping for a robot vacuum cleaner, it’s important to consider your specific needs and budget. Many models are available online, so be sure to do your research before making a purchase. Less time cleaning is a win for you!
19. Kindle Paperwhite
If you’re looking for an e-reader this holiday season, the Kindle Paperwhite is a great option.
It’s easy to hold and use, and you can read in the sunlight without any screen glare. The Kindle Paperwhite also comes in a size similar to a regular novel, which makes it more comfortable than an ordinary book for readers of all ages. Plus, the Kindle e-Reader can hold thousands of books, and the battery lasts for weeks. And with the Kindle Unlimited, users can read as many books as they like from the store.
The Kindle Paperwhite is a popular option for those looking for an e-reader, and it’s great sale price — less than other options on the market. So if you’re looking for a great gift that your loved ones will actually use, be sure to consider the Kindle Paperwhite!
20. Memory Jars
Memory jars are a great way to capture memories and moments from your life. They can be filled with photos, tickets, mementos, or any other item that holds sentimental value to you. You can create a memory jar for any occasion-a birthday, graduation, wedding, or just because.
To make a memory jar, start by gathering your supplies. You’ll need a jar (or container) of some sort, Mod Podge or another sealant, paintbrush(es), photos or other items to decorate the jar with and scissors. Once you have your supplies ready, it’s time to start creating! Or you can buy straight from Etsy!
Just be sure to include the year so you can look back on your memories later!
21. Desktop Stand for Printer
This desktop stand is perfect for your printer and a great way to save space in your office!
The stand is stable and sturdy, making it perfect for stacking printers, fax machines, scanners, and other office equipment. The height-adjustable skid pads protect your table and floor from scratches or scuffs, making it easy to clean.
Pretty solution for your cluttered desk!
22. Outdoor String Lights
Outdoor string lights are a must for the holidays. They add a touch of festivity and cheer to any setting. I highly recommend these weatherproof string lights. They are beautiful, durable, and long-lasting.
This is more of the ambiance you have wanted on your patio, right? Each set is 25 ft, 50 ft or 100 ft in length.
Perfect to decorate your outdoor space!
23. Rain Shower Head
This rain shower head is a great upgrade from an old, rusty shower head. It provides good water pressure and is easy to install.
As for the shower head set, it comes with an 8′ large square rainfall showerhead, a high pressure handheld shower head, and a filter. The 8′ large square rainfall showerhead has a 360 rotation angle-adjustable solid ball joint nut for reliable leak-free connection and different angle position showers needs. The 5 setting handheld shower head is suitable for baby shower, massage or pets shower, etc.
Time for a quiet shower with your newly installed rain shower head and your Bluetooth speaker!
24. Collapsible Folding Tailgating Table
If you’re looking for the best gift for a tailgater, look no further than a collapsible folding tailgating table!
This gift is perfect for someone who needs to set up multiple tables in short periods of time. Plus, it’s very easy to transport and store – perfect for when you need to take your gear on the go!
Also perfect for the sports family who is always on the go and setting up meals in the parking lot of a sports complex.
25. UV Smartphone Sanitizer
The smartphone Sanitizer is a device used to clean your phone of germs and bacteria. It can be used for things like jewelry or even keyboards.
The sanitizer kills 99% of germs in 5-10 minutes and comes with a charger! This portable charger is affordable, easy to carry, and may be the answer to what I want for Christmas.
No more germs around the things you touch the most. Get your UV sanitizer for your home.
26. A Vitamix because you deserve it
A Vitamix blender is a great gift for anyone who loves to cook and wants to eat healthier. They are known for their high-quality construction, durability, and powerful motors that can blend even the toughest ingredients.
The variable speed control allows you to customize your blending experience, while the large batches make it perfect for preparing food for a crowd.
It has a 7- year full warranty, meaning that it will be covered for any damage or defects for the first seven years after purchase. I can attest they stand by this because my motor was replaced and it runs like new!
Best Christmas gift to myself – my Vitamix!
27. MICHLEY Unbreakable Wine Glasses
If you’re looking for a great gift for clumsy drinkers, look no further than the MICHLEY Unbreakable Wine Glasses!
These glasses are made of durable plastic and can withstand even the most strenuous of drinking sessions. Whether your loved one is an occasional drinker or not, these glasses will make sure their wine never ends up on the floor again. So why not give them the gift of unbreakable wine glasses this Christmas?
28. Bathtub Caddy with Gold Handles
This bathtub caddy is handmade and made to order.
You can choose from 20 different color options, and the board is made of knotty pine planks.
Imagine relaxing after a stressful day! Great for setting drinks, food, books, etc. Wouldn’t this be a perfect addition to your bathroom?
29. Subscription Gift Sets for Women
There are many different sets to choose from, so you’re sure to find one that fits the woman’s personality.
If she’s into fashion, consider buying her a set that includes designer handbags, jewelry, clothes, or tickets to a show. Or if she’s more of a homebody, go for a set that includes candles, bath salts, and other relaxation items.
No matter what set you choose, the woman is sure to appreciate your thoughtfulness. So why not surprise her with a gift set this Christmas? She’ll love you for it!
30. Yoga Leggings
Looking for a comfortable and stylish pair of leggings to wear this holiday season?
Look no further than the Healthyoga Yoga Pants! Made with a breathable and soft fabric, as well as a high-waisted fit, these leggings are perfect for people who work out or just want to feel comfortable during the holiday season. Plus, they come in several colors and patterns, including one that features beautiful butterflies.
Please don’t tell anyone how many pairs I already own; yet, I still want more!
What’s more, these leggings are perfect for people who like to take their workouts outdoors. They do not ride up when in the squat position, and they also have a handy pocket that is the perfect place to store essentials like your ID, phone, or keys. So don’t wait any longer–order your yoga pants today!
What Christmas Gifts Do I Want?
Christmas is a time where we all get together with our loved ones and exchange gifts.
It’s always a lot of fun to see what everyone gets, but sometimes it can be difficult to come up with ideas for what to put on your wish list.
If you’re struggling to come up with some ideas, don’t worry we included plenty of gift ideas to help you out!
What to consider when buying a gift for someone?
When buying a gift for someone, it is important to consider their interests and what will make them happy. It is also important to think about the occasion and what type of gift will be appropriate. If you are not sure what to get someone, it is always a good idea to ask them what they would like.
Another option is to give a handmade gift. This could be anything from a cake or cookies to jewelry or a scarf. The advantage of this type of present is that it’s personal and made by you, which makes it extra special.
Finally, if you’re still stuck for ideas, why not give a gift card? This gives the person receiving the present the freedom to choose something they really want. It also means you don’t have to worry about getting the wrong thing!
When buying someone a Christmas gift, it’s important to put some thought into it and make sure it’s something they’ll really like.
what do u want for christmas
That’s the question on everyone’s mind this time of year. And most of us are too afraid to articulate. Maybe you are hoping for a new outfit. Or maybe you’re hoping for something a little more luxurious, like a trip to Europe.
First, you need to be open and honest about what you want for Christmas.
We all want… Santa to come bearing gifts!
Now, Share What Do I Want For Christmas
I have you covered. Share this post with family and friends with numbers of which gifts were intriguing to you.
That takes the awkward conversation of gifts during the holidays.
Christmas is about love, joy, and giving gifts – not about getting the most expensive thing on the wish list.
But, here are the must-have items we heard loud and clear when asking around about what do I want for Christmas.
This will guarantee success this Christmas season and beyond!
Even better, you can order online from the comfort of your own home! Right now!
Also, this article has something for everyone and is perfect for any occasion. Whether you’re looking for a gift for Christmas, Hanukkah, Valentine’s Day, Mother’s Day, Father’s Day, or just because!
Know someone else that needs this, too? Then, please share!!
Swedish death cleaning is the process of paring down your personal possessions in a thoughtful, intentional manner before your death, so your loved ones don’t have to. The term was popularized by the 2018 book “The Gentle Art of Swedish Death Cleaning,” written by Margareta Magnusson, and later by a reality TV show based on the book.
As Magnusson writes, “It does not necessarily have to do with your age or death, but often does.”
The idea behind Swedish death cleaning
Maybe you spring clean every year. Perhaps you’ve recently decluttered your basement before a garage sale.
This cleaning is different.
It’s a thorough accounting of every possession you own, one by one. Yes, this even means facing that one bin filled to the brim with family photos and the filing cabinet stuffed with paperwork dating back to 1992.
The goal stretches beyond tidying up. It requires challenging yourself to let go of many possessions, including those with strong emotional connections. This doesn’t always mean throwing them away or donating them — it could mean finding them new homes with family and friends.
Swedish death cleaning can have a transformative quality and often serves as a transition to a new chapter of life. It might accompany downsizing homes or the death of a spouse. It’s also unavoidable. Death cleaning is a fate that awaits everyone’s belongings, according to Magnusson.
So, the choice you face is not whether death cleaning makes sense for you — it’s whether you’ll choose to face this inevitable task when you’re in a position of control, under a timeline and conditions of your choosing, or whether the job will be foisted upon your loved ones after you die. Either way, it’s coming.
If you delay, you might be forced into rushing through it. You may not have the energy to go through your things in the manner you’d prefer. And, if you delay too long, you risk having others making decisions about your things for you.
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Benefits of Swedish death cleaning
Swedish death cleaning is likely to be difficult. It will probably take a lot of time. Encountering a lifetime of memories, good and bad, can be emotionally draining. Saying goodbye to some long-held objects that embody these memories is hard.
So why do it? Magnusson cites many reasons:
It can be liberating. Simplifying your life can bring a feeling of freedom to focus on something new.
You can avoid burdening others with the task. Death cleaning can be even more burdensome if you wait until the end of your life. And if you outright refuse to do it, you are essentially forcing your family and friends into eventually doing the same job for you. If you don’t want to organize your own things, why do you think they would want to?
It’s an opportunity to reflect. Though difficult, you’ll likely rediscover memories you have long forgotten. This can be a positive experience.
It can spark important end-of-life conversations with friends and family. These are conversations that they or you might otherwise avoid.
You can pass along helpful or important items. Giving a beloved object to a friend or family member can be a chance to recognize the importance of a relationship or pass on a family story or tradition. Something practical, like furniture or kitchenware, might have outgrown its use to you, but could be extremely helpful to someone just starting out.
Cleaning and estate planning
In practical terms, letting survivors sort through your belongings after you die can also make it more time-consuming to settle your estate. Even if you trim down your possessions now, you’ll still have things that require sorting through after your death. That’s where estate planning comes in. While the book doesn’t discuss the details of formal estate planning, it’s a logical extension of the philosophy behind Swedish death cleaning.
Suppose you have a will and appoint an executor, who is responsible for settling your estate. That person is generally tasked with selling your property, if you have any, which would likely require getting your house cleaned and belongings appraised. That could take months or even years if your home is filled with decades’ worth of items, and the cost of doing so would generally come out of your estate. Aside from being emotionally burdensome for survivors, the effort could also be a drain on your estate, and your heirs could be left with fewer assets, which might take them years to access.
Slimming down your possessions now and making your wishes clear for what remains can streamline this process.
How to start
Begin with the typical storage areas — basements and attics, for example. There’s a good chance you’ll find hastily stashed things that will be easy to part with. Culling clothes and furniture are other ways to make quick, visible progress.
Ask friends and family to assist. In addition to helping you go through boxes, they might discover things they’d gladly take off your hands.
Attach notes to objects or make piles as you go. This way, you can easily remember where it goes — to someone else, to a donation center, to a yard sale, etc.
Save the most emotional things for last. Be patient with yourself.
Cleaning and your finances
Swedish death cleaning is an all-encompassing endeavor, which means at some point you’ll need to review your finances. Magnusson says this can include tasks like writing a will or making a plan for usernames and passwords to your important digital accounts.
Organizing finances can be the most challenging part of the cleaning process — but it might be the part that will aid your executor and heirs the most. Here’s how to get started.
There’s always a lot of fuss this time a year about gift cards. Some people love them, and some people hate them. I’m sort of in the middle.
On the one hand, I continue to believe that anything a big company wants you to purchase is probably not in your best interest. That is, if a mega-corporation is all fired up to sell gift cards, you can bet they’re a profit center, which probably means they’re rigged against consumers.
On the other hand, gift cards are convenient. They’re easy to give, and they’re generally easy to use. There are many circumstances in which gift cards make great gifts.
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I like to receive gift cards for certain stores. Over the past year, for example, I’ve accumulated $185 in Land’s End gift cards, and I wouldn’t be surprised to receive more this Christmas. I haven’t used any of them yet, though I’ve checked to be sure I’m not going to get dinged because of it. Sometime this spring, after my birthday, I’m going to have an on-line shopping spree — and it won’t cost me a dime.
Still, the critics have some valid complaints.
The Problems With Gift Cards
Last week, my cousin reminded me of a gift card that Kris and I gave him a couple years ago. “It was a nice gesture,” he said, “and I know you meant well, but it’s not anything I’ll ever use. It’s been sitting on the kitchen counter for two years, and will probably be sitting there two years from now.”
That’s one problem with gift cards — here are some others:
They expire. Some gift cards carry an expiration date. The recipient must use the card within a certain amount of time, or the card becomes unusable.
They have fees. Some gift cards — especially those issued by banks — carry fees for various events. Some even charge to use the card. (In August, Tim shared how a gift card from Bank of America carried fees for checking the balance.)
They can be difficult to use. Did you buy a CompUSA gift card for somebody this Christmas? Oops. CompUSA is going out of business — suddenly there’s a very real deadline to use that card. And what if you buy a gift card for somebody but the store doesn’t do business where the recipient lives? Not all gift cards are convenient.
They carry an obligation. When you give a tie to your father, there’s nothing else he has to do use the gift. But when you give a gift card, your father must go to the store to use it. This often means that he has to spend additional money to find something he likes. Gift cards can force the recipient to spend money on his own gift!
Because of the potential problems, the U.S. Federal Trade Commission has issued a consumer alert on buying, giving, and using gift cards.
Using Gift Cards Wisely
Despite the naysayers, Americans love gift cards. They love to give them, and they love to receive them. According to the December 2007 issue of the Consumer Reports Money Advisor, last year gift cards were the second-most popular gift to give. They were also the gift that women most wanted to receive. (They were number three on the list for men.)
According to both FTC and Money Advisor, there are few simple steps that gift card recipients can take to minimize potential problems:
Read the terms and conditions when you receive the card so that you understand your rights.
Register your card if it instructs you to do so. This gives you protection if the card is lost or stolen.
Use the card as soon as possible. Unless you know that the card has no hidden fees or expiration date, make it a priority to use it. If you wait, you may be in for a nasty surprise.
Report problems either to the company that issued the card, or to the Federal Trade Commission, whichever is appropriate for your circumstance.
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The FTC also notes:
If your card expires before you’ve had a chance to use it or exhaust its value, contact the issuer. They may extend the date, although they may charge a fee to do it. Some merchants have stopped charging inactivity fees or imposing expiration dates, so it pays to check with the issuer to make sure you’ve got the most up-to-date information.
When giving gift cards, always include a copy of the receipt. Some card issuers require a receipt to replace a lost or stolen card. Also, do your best to research possible hidden fees or other nuisances (such as expiration dates).
Further Reading
Blogger Lazy Man recently explained why he buys gift cards. He thinks it’s more acceptable to give a gift card than money, likes that recipients can pick their own gifts, and is happy that he can save a little cash when buying them. Jim at Blueprint for Financial Prosperity, on the other hand, doesn’t like them. Finally, Liz Pulliam Weston says that gift cards are not gifts.
If you have people that you care about, then it is likely that you need life insurance. The payout from a life insurance policy can be used for paying off massive debts – such as a mortgage – or for replacing the lost income of a breadwinner so that a spouse and children can continue to pay their everyday living expenses.
Equally important in preparing for the case of loss is making sure your company or business has key man insurance. A key person life insurance policy can make all the difference in keeping a business or firm successful in the face of losing an owner, or important team member.
When you shop for life insurance, there are several key factors to keep in mind. These include choosing the right type and amount and ensuring that the insurance provider you decide to purchase through is secure and stable financially.
Today, given the vast reach of the Internet, many life insurance companies can help to “do the shopping for you” when it comes to buying coverage. While this can be convenient, it is still essential that you end up with a policy that will best fit your needs and your budget. One such entity that has a good, positive reputation for assisting people with purchasing the proper life insurance plan is Accuquote.
The History of Accuquote Insurance Company
Accuquote was founded by Byron Udell, one of America’s most well-known experts in life insurance, in 1994. Udell’s vision was to make the process of purchasing life insurance simpler for consumers. The Accuquote website uses powerful software to compare hundreds of insurance products quickly and conveniently. This allows shopping for the best rates much easier than having to go from one insurance carrier to another.
The company – as well as its founder – have been recognized by news and media outlets such as Money, Forbes, BusinessWeek, the Wall Street Journal, the New York Times, CNN, Kiplinger’s, and Bloomberg.
When it comes to insurance coverage, there is a myriad of information on the Accuquote website. This includes information on the types of insurance that are available, how each works, and why – or why not – a particular kind of insurance coverage could be a viable option for an individual.
Accuquote Insurance Company Review
Accuquote only works with highly rated insurance companies – which are likely to be brand names that consumers trust.
These include:
AIG
American National
Banner / William Penn
Fidelity Life
Genworth
Gerber Life Insurance Company
Globe Life
Guardian
Lincoln Financial Group
MetLife
Mutual of Omaha
Pacific Life
Protective Life Insurance Company
Prudential
Sagicor Life
Transamerica
In doing so, because Accuquote sells in “bulk,” customers can still save money, yet without having to sacrifice quality and strength.
The Accuquote website is available to consumers 24 / 7, so it is very convenient to find the information that is needed. For additional questions that require speaking with a customer service rep, the toll-free Accuquote phone line is open from 7:30 a.m. to 7:00 p.m, central time Monday through Friday, and from 8:00 a.m. to 1:00 p.m. on Saturday.
Life Insurance Products Offered
Accuquote offers term life and permanent life insurance policy options. Because of the broad range of policies that consumers can purchase, it can make it easier to cover a policy holder’s needs more accurately.
With term life coverage, there is death benefit only protection, with no cash value or savings build up. Because of this, a term life insurance policy can be much more affordable than a permanent policy – with all other factors being equal.
As its name implies, term life insurance is sold for certain time lengths, or terms, such as ten years, 20 years, 25 years, or even for 30 years. In many cases, the premium will remain level during the term of the policy. There are also many term life policies that can be converted over to a permanent form of life insurance – and in some instances, there is no medical exam required to do so.
Permanent life insurance includes a death benefit, as well as a cash value component. The cash value is allowed to grow on a tax-deferred basis, which means that there is no tax due on the growth of these funds unless or until they are withdrawn. These funds can be either borrowed or removed for by the policyholder – including to pay off debts, supplement retirement income, or anything else you might need or want.
There are several different types of permanent life insurance, including whole life and universal life. With a whole life insurance policy, the cash value will grow at a set rate that is determined by the insurance company. Once an individual is approved for a whole life insurance policy, the death benefit cannot go down, nor can the premium go up – even as the insured ages, and even if their health worsens. And, as long as the premium remains paid, the policy will stay in force. These policies are intended, then, remain with an individual for the “whole” of his or her life.
Universal life is another type of permanent life insurance coverage. With a universal life insurance policy, there is also a death benefit and a cash value component. These plans, however, are considered to be more flexible than whole life insurance policies. One of the biggest reasons for this is because the policyholder may – within certain parameters – select how much of the premium will go towards the death benefit coverage, and how much will go into the cash-value component of the policy. Often, the policyholder may also be able to change the due date of the premium, based on his or her changing needs.
There are also other types of life insurance that can be purchased, and that may be used in unique situations. For example, because funeral and other final expenses can be in the range of $7,000 to $10,000 today, many people purchase final expense life insurance. This type of coverage will usually have a death benefit of between $5,000 and $25,000 (although some insurance companies will allow more). By having this kind of coverage in force, an individual’s loved ones won’t have to dip into savings to pay for the funeral, nor will they have to endure additional financial hardship at an already difficult time in their lives.
Accidental death is another type of coverage that is offered via Accuquote. Unexpected accidents happen every day – and if someone is seriously injured, or dies, in an accident, it can have some serious financial ramifications. This type of coverage can be purchased as a stand-alone policy, or it can often be added to an existing life insurance policy. It is also relatively inexpensive and easy to understand – and, as long as the premium is paid, the coverage will remain in force. Typically, there is no physical exam required for underwriting, and no waiting period for the coverage to start. When purchasing accidental death coverage through Accuquote, an individual may be able to get up to $500,000 in coverage.
For those who wish to obtain life insurance quickly – and who do not want to (or do not have the time to) go through a medical examination as a part of the underwriting process – there is no health exam life insurance. As the name infers, a no medical exam life insurance policy will often require that an applicant only answer a few medical related questions. And, because there are no medical test results to wait for, these policies can often be approved in just days – or possibly even hours.
There are also many families who obtain life insurance on their children. While nobody ever wants to think about a tragic incident taking the life of a child, accidents and illnesses can and do occur. If that is the case, the family can be protected financially with life insurance. In addition to providing a death benefit, many child’s life insurance policy options will provide cash value, so that the child can begin to build up a tax-deferred savings account.
The funds that are within the policy can then be accessed in the future for college expenses, to purchase a vehicle, to put a down payment on a home, or any other need that the child sees fit. There can be other benefits to buying permanent life insurance on a child as well. For instance, doing so will lock in the child’s future insurability. This can be especially advantageous is the child becomes ill in the future. These policies will also usually have a premium that remains level, meaning that the rates will be quite affordable – even as the child becomes an adult.
Other Products and Services Offered
In addition to the long list of life insurance coverage options that are available through Accuquote, there are also other products and services that can also be purchased. These include the following:
Disability Insurance
Long Term Care Insurance
Retirement Annuities
Critical Illness Insurance
Medicare Supplement Insurance
Property and Casualty Insurance (including auto and homeowners insurance coverage)
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There’s no secret password when it comes to getting a mortgage. But while most people know what to do to get a mortgage — or get a better rate — fewer people give thought about what not to do.
Whether you’re preparing to apply or just got approved, there are perhaps more “don’ts” than “dos” when it comes to getting a mortgage.
New Credit Is Bad Credit
Never apply for any new credit while you’re trying to get a home loan. Opening new credit decreases your net worth by giving you more available debt. This makes you a riskier investment in the eyes of a mortgage lender.
As such, you can suffer from higher interest rates or even get denied a loan. This includes co-signing for other people’s credit, which is the same as applying for your own credit in the eyes of the bank.
Opening new bank accounts and moving money between existing accounts is also a bad idea, even though you aren’t technically applying for any new credit.
And while we’re at it, leasing a car might not be the same as buying one but it also falls under this general category of avoiding new debts.
Quitting Your Job
This one is pretty much a no-brainer. While your credit score and credit history pay a big role when it comes to whether or not you get a mortgage, so does your income.
Quitting your job without having another one lined up is never a good idea, but when you’re applying for a home loan, it’s just about the worst idea out there. Switching careers isn’t the best plan either, even if you have a job waiting for you.
Lenders want to know that you have a steady income stream that (probably) isn’t going anywhere.
Depositing Phantom Funds
Underwriters want to be sure that all funds in your bank accounts are actually yours and not money your parents gave you to make it look like you have more funds than you actually do.
Talk to a mortgage advisor before you put anything into your bank account that doesn’t come from a payroll within 60 days of applying for a mortgage. After 60 days, mortgage lenders are less interested in having a paper trail for everything.
If you’ve just had some kind of cash windfall, keep the money in your mattress until after you’ve closed.
The exception? Properly documented gifts. Talk to your mortgage advisor about creating the right paper trail for gifted money.
Ins and Outs of Credit
Closing old credit accounts can potentially lower your credit score, as the length of your credit history is as important as what you’ve done with your credit. Discuss it with your advisor before you close any outstanding accounts.
The same goes for paying off unsecured credit lines or credit cards while you’re applying for a loan. When you pay off your outstanding consumer credit accounts, you might not be able to use the money for a down payment.
While on the subject of credit cards, we should say that you generally should not be charging significant sums on your credit card before or during the loan application process.
Try and pay off whatever you charge every month. This is because even a few points can make a significant difference in what you pay for your home over the life of the loan in the form of interest.
Discuss your specific situation with your mortgage advisor.
Listen To Your Advisor
If there’s one piece of advice that you should take away from this article, it’s consult closely with your mortgage advisor throughout the process. They’ll be able to tell you what to do and not to do in a manner far more specific to your situation.
Still, be mindful of your credit and remember it is under especially close scrutiny during the mortgage process. Keep your eyes on the prize — your new home.
Nicholas Pell is a personal finance writer based in Los Angeles, CA. He is the last of the die-hard renters.
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