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Why You Should Be Skeptical of Financial “Rules of Thumb”

Prairie Eco-Thrifter

While they can be helpful when it comes finding a starting point, rules of thumb should be approached with a degree of skepticism. Rules of thumb can be useful in terms of starting points for deciding on what to do next. And what happens when you add in property taxes, utility, home insurance, and maintenance?

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5 Things You Should Know When Planning Your Financial Future

Prairie Eco-Thrifter

A life insurance policy is probably the first thing most people buy. In the past, single people did not make getting a life insurance policy a priority. That’s no longer the case in recent years, and today even young people are buying insurance. This brings us to the point of beneficiaries.

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Citizens Insurance Review 2024 | Bankrate

Savings Corner

To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. Our insurance team is composed of agents, data analysts, and customers like you.

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Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

This week I am reminding you all about those special people in your life- your family. It was during this rather taxing weekend that I was reminded of how great a loving family can be. Tom Drake from Canadian Finance Blog clarifies our Understanding of Term Life Insurance. Have you ever derailed your goals?

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Totally Money Blog Carnival #18 – 6 Ways to Save Money Edition

Prairie Eco-Thrifter

All my life I have been told to not sweat the small stuff; that the little things don’t matter. While in some cases this is true, FruGal has a point here. Tax Debt Help presents Savers Tax Credit: Get Rewarded for Retirement. Jim presents How to Calculate Your Full Effective Tax Rate. Time to start!

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Yakezie Carnival – Credit Cards Edition

Prairie Eco-Thrifter

Life Insurance: 10 myths – Life insurance is one of the most misunderstood financial products that the average citizen encounter. This post discusses the top 10 myths about life insurance. Personal Finance Journey : Should You Leave a Life Insurance Policy to Your Kids? Penge Snak!:

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What Can Go Wrong – Naming a Beneficiary

Prairie Eco-Thrifter

Getting large sums of money at age 18 or 21 can totally derail your beneficiary from discovering their life path as well as allowing them to blow the money and any chance at learning good money management skills they may have had. Be sure and specify a final landing point if all beneficiaries pre-decease you. They money gets lost.