Saving small amount of money will give you good return. How?

Once we start earning for our self, we always think of saving a percentage of money in our savings account, but at the end of the month we find that zero amount of money has been saved, why is it so? I have an answer to this question; I don't know whether you will agree to it or not, the answer is that we don't plan our monthly budget. If we can plan our expenditure (necessity items) then I think we can compromise a bit on our likings and we would save at least few dollars per month.
I am saying all these because we know it well or we hear it very frequently that saving small amounts of money is not the trouble. Yes, if we start our saving with a small amount, then it really takes a lot of time and effort but once these small amounts get accumulated it can have a dramatic effect on your overall financial health.

There are many people who think that saving and spending are relatively same, i.e. if we save $15 a week then it is just the opposite of spending $15 a week. I don't know, why will they think that saving and spending are relatively same? We all know that if we save a very less amount in our bank account then also we earn interest on that amount. So, whatever amount we save, we normally get more in return. Another reason I do have, that is when we did not start earning, then also we had expenditure; in economics we term it as "dissaving". If you think a bit, then you will know why I am using this term "dissaving" over here. When we did not have any earning then also we had to spend some amount of money to feed ourselves. So, we did spend our money. Now, do you think, that saving and spending are relatively same?

If we continue to spend without doing any saving of our very hard earned money, then what will be the ultimate result? Don't you think we will slowly sink into debt?

After sharing my views with you by giving theoretical explanation, let me explain with the help of an example. Suppose, we start saving $15 a week and interest rate we keep it @ 3%, now if you are able to save this $15 each week, then after 4 years you will be able to accumulate a bit more than $4000 in your savings account.

Now I would suggest you to think in the opposite way taking the above example into consideration.
If you are short of $15 per week and if it continues for 5 years and you use your credit card to overcome the shortfall, then what will be the outcome of this?
You will sink into debt of an amount of $6000 for 18% credit card interest rate. So, you need to pay more $2000 to clear off your debt.

After reading this article of mine, I think I will be able to convince my readers (esp. extravagant spenders) to start saving money with a less amount and save themselves from any unknowing downfalls.

How much will you save if you "quit" smoking?

There are millions of people in this world who can't stay without smoking. They think of quitting it taking into consideration the financial aspects but still they cannot. The smokers are not aware how much this smoking habit actually costs him. A pack of cigarettes count to $4.00, if we calculate it for a year, then it comes to $1500.
There are large numbers of hidden costs which are associated with smoking. These hidden costs include higher payments due to the risks associated with smoking. Smoking also causes a decrease in assets.
Now, I would like to tell you about some of the additional costs which are associated with smoking and if you quit smoking how much you can really save.
Life Insurance: according to statistical data, smokers die at a much younger age then the non-smokers. Therefore the cost of life insurance is very higher than those who doesn't smoke. From this, we come to know that you (if you are a smoker) need to pay thousands of dollars a year in the insurance premium.
Health Insurance: Since smokers have more medical problems than the non-smokers, similarly like life insurance premiums, the smokers need to pay much more amount health insurance premium than the non-smokers.
Health Care: Since the smokers have got many medical problems, they need to visit the doctor very frequently. So, in turn they need to spend more amounts in paying fees to the doctor than what the non-smokers have to pay. Accordingly, the smokers need to buy more amounts of prescribed medicines and in a way they spend more amount of money on medicines than a person who does not smoke. Smokers face more dental problems than the non-smokers. They have to make more trips to the dentist and have to spend more amounts of their earnings.
Home Owner's Insurance: Smokers need to pay a higher amount of premium for home owner's insurance even. Again I need to take help from the statistical data and need to say to you that comparatively there are frequent fires in a smoker's home than in a home of a person who doesn't smoke.
Value of the house: If you are smoking and that too inside the house, then it decreases the value of the house by nearly ten thousands of dollars. Smoking damages the walls as well as it leaves a stench in the carpets. Smoking even discolors the walls.
Value of Possessions: Smoking reduces the resale value of your possessions which in turn reduces the net worth of these possessions.
Car Insurance: It has been found that smokers face more car accidents than the non-smokers. So, smokers need to pay more amount of premium for their car insurance.
Car resale value: If you smoke inside your car, then it also reduces the car resale value in a similar way as the value of your house reduces if you smoke inside your house.
Earn Less Money: Statistical data shows that smokers earn 4% to 11% less money than the non-smokers. There are some companies who do not employ people who smoke. According to American Civil Liberties Union (ACLU) National Workrights Institute, there are approximately 6000 companies in US who do not employ smokers.
Less Social Security/ Pension Benefits: Since smokers earn less amount of money than the non-smokers, so they pay lesser amount of money into social security and their pensions. In turn, when they retire they enjoy less benefit of social security and pensions than the non-smokers.
Lost Interest: Since smokers spend so much money in the above mentioned areas, they cannot take the benefit of the interest they could have earned if these amounts of money would have gone into the bank savings account. If you can count the lost interest then I think it will add up to thousands of dollars.
When you look beyond the cost of the pack of cigarettes, you will find the real cost of smoking.And, if you really quit smoking then you will surely find money getting accumulated in your savings account.
At last, the most important thing about smoking: the statutory warning on the pack of the cigarette. If you can't stop smoking then maybe it may cost your life.
So, quit smoking, you will gain dual benefits:
1) Save money; 2) You will not lose your life

Do you think buying mobile phone insurance is necessary now-a-days?

It’s a very common scenario which we can see now-a-days that is we are insuring our mobile phones and gadgets. But, before insuring do we ever think does insurance of our mobile phones and gadgets worth it?

Statistics say that over 2million phones are stolen every year in UK and over 4million phones are getting lost or damaged. So from this data we come to know that there is a high chance of something wrong happening to our precious and our closest mobile phone. But, we can take certain actions to protect our phone from this damage.

It would be better for you as well as for me if I discuss a bit about these actions to you. There are contract phones which are available in the market phone. Allow me to tell you about contract phones. If you carry monthly contract phone and if that phone is not insured, then you need to pay the line rental for the remainder of the contract term or you can replace the phone. Maybe you have received a free phone, but the cost of a contract phone is spread out across the lifetime of rental agreement.

Are your mobile phones and gadgets covered in your home contents insurance?

You should always check if your mobile phone and gadgets are insured. Most policies allow covering for items like this and protecting from theft, loss and accidental damage. You should always find this out with your insurer and be aware of the excess charges and its reimbursement in the event of claim.

Will you need cover for a Pay As You Go contract?

Most mobile phone insurers cover Pay As You Go mobiles and contract phones. But I suggest you not to go for insuring your contract phones unless you have invested in top range mobile phones. To achieve an extra piece of mind you can opt for insuring your contract phone.

Is there any free mobile insurance in the market?

In the present economic scenario, there are various deals present in the market. Some phone providers provide bundled packages as part of your phone purchase. We can think about Lloyds Bank which offers to cover for mobile phones as part of their Silver, Gold, Platinum and Premier accounts. You need to do registration as well as you need to pay minimum monthly fee.

What will your mobile phone insurance cover?

Most policies cover for accidental damage and loss. Fraudulent Call Cover is a lifesaver, esp. if someone steals your phone and then that individual makes call to abroad and increase your bills. Normal wear and tear is not included.

Who are the specialists in mobile phone insurance?

There are many mobile phone insurers that offer you competitive deals. Many guarantee repair or can replace your phone within 48 hours. There are insurers who even allow you to insure more then one phone or gadget at a time with a small amount of premium. The most important thing you need to check whether these insurance companies are FSA regulated.

What will you do if your phone gets stolen?

You need to give call to your service provider, block your phone, register your loss with the Police and ask for a crime reference number. At last, you need to give this number to the insurance providers.

In need of cheaper home insurance? Following are few suggestions to get it:

Getting insurance especially home insurance at a very low price is quite easy. Having the right tips and the motivation will help you to enjoy more at a very affordable rate.
Over here we are going to discuss how you are going to get more by spending less.

If you use motion-sensitive lighting, it lowers the risk of burglary; in turn you will get cheaper home insurance rates.
If we fit shatter-proof windows instead of regular windows which we normally use, then also we can get insurance at a cheaper rate. We should always remember to inform the agent whenever we think of doing so, because there are many times the agent may make contributions to help us in making more savings.
The most important point which I consider is that you can get discounts, if you buy multiple policies from a same insurer. You can get a reasonable amount of discount if you are with a single insurer for more than 3 years.
Try to get quotes from any highly rated home insurance company in a routine manner, compare the quotes from up to 5 quotes sites about twice in a year.
Make sure that you get the correct quotes. Once you get the quotes your comparison done, you can choose the insurance company that will represent the best price value among the quotes you have got.
So from the above suggestions of mine, I think I will be able to help those who are seeking for a cheaper insurance rate.