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We pay $80 every other week for pet insurance that comes with a 70% reimbursement. One x-ray, three prescriptions, and $500 later, I was never more relieved that we had pet insurance. We get 70% reimbursement after a $250 deductibleWe pay around $80 every other week for our dog's pet insurance policy. His policy is through Nationwide Pet Insurance (yep, they have pet insurance, too!) Being able to say to them, "No worries, we have pet insurance so most of it will be covered"?

Persons: —, we've, It's, he's, That's, He's Organizations: Service, Nationwide Pet Insurance, French bulldogs, English bulldogs, bulldogs Locations: Boston, PetPlan

By hiring an accountant, we'll be able to get the most out of tax season and save for retirement. Short-term capital gains are profits you've made on stock that you've held for one year or less. Long-term capital gains are gains on investments you've held for longer than a year and range from 0% to 20%. What tax rate you'll pay on these gains depends on your taxable income, or what tax bracket you fall into. Little-known tax moves like this are another reason hiring an accountant is worth every penny.

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Most grandparents offer some form of financial help to their children and grandchildren. Between inflation, rising housing costs, and increasing interest rates, it makes sense that grandparents and parents may want to help support their children and grandchildren financially. If parents weren't supporting their adult children, they'd have almost $3,000 more annually to put into their retirement funds, that same research found. Studies show that many grandparents are sabotaging their own financial future to help their adult children and grandchildren." Or grandparents might consider cohabitating with adult children and grandchildren to save money.

Persons: —, I'd, Cyrus Bamji, Savings.com, Bamji, it's, there's, Baby Boomers, Roth Organizations: Service, Alliance, Lifetime, AARP, Alliance for Lifetime

AdvertisementAdvertisementMy family uses separate banks for bills, spending money, credit cards, and investing. Having a separate account just for discretionary funds makes it easier to spend money guilt-free. Our 'spend' account is our 'fun money'This is a money tip I've learned from my parents — keep entertainment funds or "fun money" separate, and always allow room in the budget for this if you can. After bills and contributions to our respective investment accounts and our boys' college funds, we funnel the rest into an entirely different joint account — our 'spend' account. While most people probably use a separate financial institution for their investments and other long-term financial goals, like saving for college, it's the fourth financial institution on our dossier, and probably the most important.

Persons: —, it's, It's, they'll, Cabo San, we'll Organizations: Service, Investments Locations: Cabo, Cabo San Lucas

I'm a freelancer, so when my husband and I bought our house, we did it with his income. We were lucky to be able to buy at a time when houses were affordable, and we refinanced last year. We could have had a bigger house, but I'm glad we're investing more and not having to make hard budget choices. I'm a freelancer, and my husband was starting a new corporate job, and we decided to purchase a house solely on his earnings. We didn't want to be 'house poor'While being "house poor" is a lot more common these days, I knew it wasn't the right choice for us.

Persons: I'm, I've, we're, spender I've, we've Organizations: Service Locations: Wall, Silicon, Florida

Our experts answer readers' student loan questions and write unbiased product reviews (here's how we assess student loans). With the student loan forgiveness plan struck down, my husband and I are revising our budget. After all, $20,000 in student loan forgiveness could have a significant impact on my bottom line. If you're looking at your expected student loan payments and the number seems daunting, don't give up just yet. We both have a fair amount of student loan debt, so allocating a big chunk of our budget to pay those eventual student loan payments was necessary.

Persons: Joe Biden's, I'm, we've, It's Organizations: Service, Hulu Locations: Wall, Silicon

We pay nearly $2,600 a year for homeowners insurance, flood insurance, and an umbrella policy. See Insider's picks for the best homeowners insurance companies »Our insurance coverageYou might be wondering what kind of hurricane insurance we have. You can get flood insurance, windstorm insurance, and homeowners insurance. And when someone, especially a Floridian, talks about hurricane insurance, they're usually talking about a combination of these policies. We have a combination of homeowners insurance and federally-backed flood insurance through FEMA.

Persons: —, I'd, I've Organizations: Service, FEMA, The Florida Department of Health Locations: Florida, Northeast, United States

His luggage, which was lost, had all our toiletries, but travel insurance paid for itself three-fold. My husband is what I like to call an "over-insured," and he always springs for the top policies regarding homeowners insurance, life insurance, and — you guessed it — travel insurance. See Insider's picks for the best travel insurance companies »Insider's Featured Travel Insurance Companies World Nomads Travel InsuranceAllianz Travel InsuranceTravelex Travel Insurance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Editor's Rating 3.83/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.33/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more Get quotes Get quotes On Travelex's websiteHow our policy saved usWe purchased the AIG Travel Guard policy for $178. »I learned a lot for the futureThere are a few things to keep in mind when it comes to travel insurance.

Disability Insurance Is Available at All Wage LevelsYou should opt for disability insurance if you're the sole earner in your family. Disability Insurance Can Help Parents Pay BillsWorkers with children should also consider disability insurance. Disability Insurance Is Also for Self-Employed WorkersSelf-employed workers or own small business owners may disregard the need for disability insurance. Disability Insurance Can Help with Nagging InjuriesDid you know just 14% of Americans have disability insurance? Disability insurance is one way to shield yourself financially to make wise decisions before a nagging backache becomes a permanent disability.

Permanent life insurance policies are cheaper than term life insurance in the long run. More than half of Americans overestimate the cost of life insurance, and 30% believe life insurance is only for end-of-life expenses. Whole life insuranceUnlike term life insurance, whole life insurance lasts your entire life. Other types of life insuranceWhile term and whole life insurance are the two primary types of life insurance, there are other options. Variable: A permanent life insurance option, variable life insurance also has a cash-value portion the company invests.

My husband and I are in our mid-30s and have term life insurance policies worth $2 million. My husband has roughly $1.6 million in life insurance, both via his work policy and an independent one. Both his and my policies are term life insurance, though we will eventually upgrade to a whole life policy. While our total monthly life insurance cost is $100, to me, it's a worthy spend. According to the Life Insurance Marketing and Research Association (LIMRA), just 52% of Americans had life insurance in 2022, most to protect their families from unpaid debt, pass down generational wealth, or replace a primary earner's wages.

My family lives in an affluent area, but I don't want my kids to take money for granted. I thought I was giving my kids the best childhood ever until my 4-year-old asked why we didn't own a "bigger golf cart." I thought I had time to teach my two young kids about money, but I was wrong. Here's how I'm teaching my kids about money, finances, and how to appreciate what you have. "Not everyone is lucky enough to live in a nice house with lots of toys like you and your brother," I explained.

That taught me a lesson: There's no sense in replacing things I own that still work. How much we've saved by keeping old itemsEven in pre-inflation days, replacing something I already owned with a newer model added up. The same goes for my old mixing bowls, cookie sheets, and dining room set. But as I grew older, I realized what an important lesson my parents taught me. But every time I'm tempted to replace something I already own for a slightly "better" model, I remind myself of my parents' old blue trash can and put away my debit card.

I lost touch with the day-to-day of my family's finances after having two kids. I have more agency now, and my husband and I are having great weekly conversations about our money. Sure, I was well-versed in our investment strategy, long-term financial goals, and credit usage, but that's about it. We both check balances daily, make sure bills are paid, and ensure we're on track with our monthly investment contributions. We started having weekly money meetings, making sure we were on track with our financial obligations and spending.

I never seemed to be on the same page with the financial advisor we used for nearly two years. AdvertisementRecently, the investment firm we use hired a new financial advisor who took over our accounts. In our first meeting with her, we got more accomplished than we had in nearly two years with our previous financial advisor. We don't even miss that money, and we're working toward our financial goals each month like clockwork, which feels great. She also made sure to tell us when we were actually on track for our retirement savings goals, which was an amazing feeling.

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I was surprised when my financial advisor told me to prioritize saving for retirement over my child's college education. Contributing another $1,000 to fully fund our son's 529 college savings plan to cover the cost of a four-year college. There are other ways to pay for collegeWe won't always have to choose between our retirement savings and our kids' college education. Saving for retirement is better for your taxesAnyone actively saving for retirement is probably familiar with the tax benefits of retirement savings plans. We contribute around 50% of what we set aside for our retirement to our kids' college funds.

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