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Added on the 02/12/2020 18:58:43 - Copyright : Wochit
Unfortunately, the novel coronavirus pandemic has gotten more and more Americans thinking about writing wills and getting life insurance. According to Business Insider, if you're in the market for a life insurance policy, there are three things to know before you sign on the dotted line. First, a term life insurance policy is usually the cheapest. And the younger you are when you take it out, the cheaper it usually is. Second, whole life covers you for your entire life--not a fixed term, like term life. Actually an investment vehicle, it's five to nine times more expensive than term. Finally, you'll need to know how much insurance you need. Will it need to cover a mortgage? College funds? Ongoing care for a disabled child or parent? It's a good idea to use an online calculator to help you decide the size of your policy, as it will also take inflation into account, as well as your local cost of living.
If you've managed to avoid the economic carnage that is America today, Business Insider reports that now is a great time to save. However, financial experts underscore that it's completely fine to put your savings plan to one side if you've been let go or have lost your business. If you can save, examine your budget closely. Can you cut a bit deeper? Renegotiate phone and TV service rates, and shop around for cheaper insurance. While saving 10% of take-home pay is best in normal times, these are clearly not normal times. Now, shoot for 20%. Build an emergency fund first, then automate. Make extra money through side hustles, and see if your employer has a matching program. Good luck!
The Internal Revenue Service (IRS) has announced that the start of tax season has been pushed back two weeks, to February 12. According to Business Insider, Tax season usually opens at the end of January. For those hoping to file taxes right away and get a refund, you'll have to wait a bit longer. Experts point out that the deadline to file your taxes has not changed: According to the IRS, tax filing deadlines are still April 15. The IRS expects filers who select direct deposit to receive their refunds within 21 days.
E-readers like Kindles only use power when the content of the screen changes. Because of that, Kindles have a long battery life. That means you probably need to charge it every few days or weeks rather than once a day. Still, Business Insider reports there are a number of ways to save the battery life on your Kindle--especially if it's aging and the battery is wearing out. Keep your reading light as low as possible, and put your Kindle to sleep when you're not using it. Next, don't have it connected to the internet when you don't need it. Switch it to airplane mode in the Settings menu. Finally, when downloading books, charge both during the download and a little bit after, while the Kindle updates. That will save lots of juice!