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April 17, 2018

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Let's talk #LifeInsurance. Do you have it? Have yo Let's talk #LifeInsurance. Do you have it? Have you thought about getting it? Life insurance helps you provide financial security for your family. Like other types of insurance, it’s meant to minimize a specific risk. In this case, you’re minimizing the risk that your family will be left in poverty if you die and can no longer provide for them. To get this benefit, you pay a fee (known as a premium) monthly, quarterly, or annually. The insurance company sets your premium based on its estimate of how likely you are to die. Generally, the riskier you are, the higher the premium. Not everyone needs life insurance. If you’re young and don’t have any kids or other dependents, it might not make sense to pay for a policy. You can say the same for older people without dependents. If you plan to have kids one day, you could buy a policy while you’re young to try and get a lower rate. The trade-off is that you’ll pay premiums over a longer period of time. Most life insurance falls into one of two categories: Permanent and Term. Want to know more? Swipe up in today's stories and see if it's time to get your policy in motion!
Are you familiar with the term “impact investing Are you familiar with the term “impact investing”? 🤔🤓 With impact investing, investors aim to earn a financial return but also help along a company that’s changing the world for the better! Although impact investing and ESG investing are similar, one key difference is that ESG investors may only aim to avoid companies with negative practices, while impact investors typically look for companies that are proactively doing something positive. Do you have any experience with impact investing? We’d love to hear; share below!
FICO and VantageScore are two of the most common c FICO and VantageScore are two of the most common credit scoring models. But while they share a lot of similarities, such as considering: 1. your payment history 2. the length of your credit history 3. your credit utilization ratio 4. the mix of credit types you've used they also have their faire share of differences! For example, they treat certain items differently, like late payments, accounts in collections, and credit inquiries. So let's settle the score: which is the way to go? Swipe up in today's stories to learn more!
Fact: It doesn’t have to be! Financial planning Fact: It doesn’t have to be! Financial planning is a practice of defining your financial goals, assessing your progress toward those goals, and adjusting your approach to get you back on track. Although it’s easy to assume you need a high-priced professional advisor to engage in financial planning, you can get started for free on your own by getting your finances organized and doing some brainstorming on your goals. Looking for more support? Click the link in our bio to explore all our Finance Napkins & top 💲💲 tips.
E-filing means filing your taxes online. You’ll E-filing means filing your taxes online. You’ll still need all the same documents you’d use to file a paper return, but you won’t have to worry about messy handwriting or missing pages. You can e-file through a software program that walks you through the process step-by-step and calculates everything for you, or you can fill out your forms yourself and submit them to the IRS electronically. The main benefit of e-filing is that it can take the guesswork out of doing your taxes. Automated e-filing software is built to ask you questions and then use your answers to calculate your taxes for you. So, instead of filling out those long forms and schedules and trying to follow complicated instructions, you can just answer the program’s questions and let it do all the work. E-filing can also mean: ✅Faster processing times (meaning your refund should arrive faster) ✅Reduced chance of errors ✅No paper waste ✅No post office lines (Pro tip: If you opt to have your tax refund deposited directly into your bank account, the process can be 100% paperless from start to finish.) Do you e-file? Swipe up in today's stories to learn more in preparation for tax day!
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