In today’s economy, many families are worried about layoffs, foreclosures and mounting debt. They’re looking for ways to cut costs, save more and make smarter money choices for their future.
Primerica, believes one of the first steps toward getting on track for a bright financial future is to create better spending and saving habits. To help you get into the mindset of making better money choices, Primerica presents three easy ways to curb spending.
1. Track purchases. Little purchases made every day can add up to big money at the end of the month. Keep track of expenditures by either writing them down in a notebook or purchasing budgeting software. You might be surprised at just how much you didn’t realize you were spending.
2. Minimize ATM visits. ATM withdrawals can add up quickly if you aren’t tracking them. It’s easy to keep pressing that withdrawal button and even taking out the minimum $20 at a time can add up quickly. The best plan is to set a limit on withdrawals per week and stick to it.
3. Cut spending by small amounts first. Breaking the over‑spending habit isn’t likely to happen overnight. Start small, say reducing spending by 10%. Once you get used to that adjustment, you can work your way up to a more aggressive cost‑cutting strategy.
Discretionary spending (e.g. eating out, entertainment, movie rentals, etc.) isn’t a bad thing, but over‑spending – particularly in times of economic upheaval – can put you into a precarious position if debt becomes too high or if you are laid off.
As you learn to budget better and spend less, the next step is to start socking away all that extra un‑spent cash. Primerica’s free Financial Needs Analysis offers a comprehensive snapshot of your finances and presents clear strategies for getting out of debt, becoming properly protected, saving more and getting on track for a great future.
Tags: ATM, curb spending, economy, finance, financial needs analysis, FNA, personal finance, Primerica, Tips
Posted in Primerica |
Having proper life insurance protection – particularly for families with children – is a crucial element to a firm financial foundation. Today, just one third of American adults own a life insurance policy, and among those who do, two out of five think they don’t have enough.1 Some financial experts recommend parents with young children have coverage that’s 10 times their annual income.2
If you haven’t taken a look at your insurance coverage lately, now would be a good time for a checkup. Primerica’s free Financial Needs Analysis (FNA) is an easy place to start.
For many families, term insurance is the most cost effective option. In fact, experts agree that term insurance, which only provides a death benefit, is almost always the best choice. Compared with a whole life policy, term allows the consumer to purchase more coverage for less money.3
Primerica only markets term life insurance. Find out how to get your personalized FNA today!
Tags: financial needs analysis, FNA, life insurance, Primerica, primerica life insurance company, protection, term insurance
Posted in Primerica |
In today’s uncertain economic climate, the last thing you and your family need is to be financially vulnerable. Homeowner’s insurance and life insurance are two key areas that many people overlook or undervalue. In fact, 66% of homeowners are underinsured by an average of 18%1 and an estimated 68 million Americans have no life insurance.2
Primerica encourages you to review your coverage to make sure your home and income are adequately protected.
Homeowner’s Insurance: Homeowner’s insurance should cover 100% of the cost to rebuild, not the home’s value (including the land). That amount of coverage protects you regardless of real estate market fluctuations. Concerned about the increased cost of correct coverage?
Consider changing your annual deductible from $500 to $1,000 and you can save about 20% on premium costs. Shopping around is another great way to potentially save money for the same coverage. It’s a good idea to get new quotes from multiple insurers every two years. Contact your local Primerica Representative to learn about Primerica Secure™, Primerica’s auto & homeowner’s insurance referral program.
Life Insurance: If you have children and are still relying on just your employer for life insurance, you are most likely under protected. If any significant life changes have occurred throughout the year – such as the birth of a child – you will need to review your policy to make sure it still meets your needs. Experts recommend that a family with young children have coverage that’s 10 times the parents’ annual income.3
Even if you think you already have the right homeowner’s or life insurance, it’s not a bad idea to get a second look. For more than 30 years, Primerica has offered financial solutions tailor‑made to each individual client’s needs. Visit Primerica Financial Needs Analysis to find out what Primerica can do for you.
Tags: economic, FNA, homeowner's insurance, life insurance, Primerica, Primerica FNA, Primerica Secure, protection, term, term life insurance
Posted in Primerica, Tips |
