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Financial Management 101

Many single parents report that the biggest stressor they have is making their financial ends meet. This can be especially challenging in families with only one income. Up to 50% of single parents do not receive the child support they are awarded by the court, which furthers their financial woes. Here are some simple tips to help you stay within your budget: Avoid using credit cards whenever possible. Unless you intend to pay off your credit card each month you can quickly find yourself loaded down in finance charges. I recently made a huge mistake and neglected to pay my … Continue reading →

Insurance Terms: C

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Cancellation is when you or your insurance company decided to end all insurance coverage prior to the policy expiration date. Captive Agent is a licensed insurance agent who represents only one insurance company and is limited by contract agreement from submitting new business to any other insurance company, unless or until the agent’s captive company rejects the business. Casualty Insurance is … Continue reading →

Hit-and-Run Driver Crashed into Parked Car.

One of the most interesting insurance positions I held was in a Multi-Company Insurance Agency with a specialty in providing insurance coverage for used car dealerships. I worked in the personal lines where we made sure everyone–including the dealers employees were insured. But, my primary job was to manage all of the agencies claims. I was the liaison between our policyholders–clientele and the claims adjusters for the insurance companies we placed our customers with. Recently a Families.com forum member Asked me about a claims situation with her auto insurance. Unfortunately, the story is one I have heard way too many … Continue reading →

The Importance of Reading About Finances

It is important to understand what is happening to your money and why. It is important to continue to learn about money management, investing and budgeting. One way to do this is to read about finances on a regular basis. One easy way to do this is to read at least one book about finance a year. Another thing you can do is to subscribe to a magazine that explains the trends that affect your money, and investing strategies. I make it a point to read at least one new book about finances every year. This has really affected the … Continue reading →

The Issue of Child Support

While some divorced people have no trouble with a responsible ex-spouse paying child support, other people struggle every month to receive enough money to help raise the children. I was one of the fortunate people but my best friend was not. I know from her experience and even my own, even if you and your ex-husband or ex-wife get along as the best of friends, always take the child support through the court system. Sadly, the majority of newly single parents struggle with the issue of child support. While some parents have a hard time paying due to low finances, … Continue reading →