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Best Boat Insurance Companies of 2020

If you’re a boater, you know the joys of spending an afternoon out on the water, but you also know the costs that are inherent in the experience. Boating — whether you’re a commercial fisherman or have a family boat — is expensive. Although boat insurance isn’t a requirement in the U.S., it is a great idea to have a policy to cover your investment. Boat insurance can help pay for repairs and liability insurance if necessary.

Why Is My Auto Insurance Premium So High?

Some months, just keeping gas in the tank and staying on top of car insurance premiums can feel like an insurmountable mountain. If you’re taking out a payday loan just to keep up with your auto insurance, you might be wondering, ‘why is my car insurance so expensive?’ Quickly followed by, ‘how do I lower my car insurance rates?’

Compare Affordable Car Insurance Rates

Save money on auto coverage with our simple comparison tool.

Farmers Insurance Auto Insurance Review

Farmers has been selling auto insurance to American vehicle owners since 1928, initially to farmers who needed protection for their equipment and machinery but it slowly expanded to include all types of drivers by the mid-20th century. Today, Farmers is the seventh largest auto insurer in the country, offering policies that are known for their tailored coverage options and plethora of discounts. We wanted to see if Farmers is holding its own in a modern and rapidly changing auto insurance industry, so we evaluated the provider using our SimpleScore method that compares customer satisfaction, available discounts, additional coverage, online tools and accessibility.

Compare Affordable Car Insurance Rates

Save money on auto coverage with our simple comparison tool.

The Simple Guide to Building Credit in 2020

If you have a short credit history or a poor credit score, you may be wondering how to build good credit. A good credit score can unlock all kinds of financial perks and benefits, from rewards credit cards to low-interest rates on personal loans, mortgages and more. Having good credit can also help you when applying for apartments and job applications, as prospective landlords and employers will sometimes check up on your score to make sure that you’re financially responsible.

The Unemployment Crisis Is Hurting Women More Than Men

In late 2019, a headline in The Hill trumpeted the fact that women made up the majority of the workforce.

What a difference a little more than six months makes. A recent LaborIQ analysis conducted by ThinkWhy noted that, according to the Bureau of Labor Statistics May 2020 numbers, women’s unemployment rate stood at 14.3% versus 11.9% for men.

Why? The COVID-19 pandemic has driven many women out of the workforce through layoffs, furloughs and voluntary departure due to child care duties at home. The headlines have gone from women as a workforce majority power to women who are losing workforce gains.

Will You Get Another $1,200 Stimulus Check?

While the job market has steadily improved since its springtime lows, the unemployment rate is still alarmingly high (10.2% in July) thanks to the COVID-19 pandemic, and many Americans are still struggling to make ends meet.

The first $1,200 stimulus check was deposited all the way back in April thanks to the CARES Act. The good news is the federal government is working on another piece of legislation to help Americans get through the crisis — and most legislators agree it should include a second $1,200 stimulus check. So far, the eligibility requirements for the new check seem virtually identical to the CARES Act, so if you qualified for the first stimulus check, it is very likely you’ll qualify for the second.

How to Save Money While Attending College from Home

With the start of classes quickly approaching, many college students are struggling to find their footing in a school year that’s still being shaped by the COVID-19 pandemic. Many universities like Harvard and George Washington University have announced fully remote learning for the fall semesters, while others are planning a remote and limited-contact hybrid format.

Even though higher education will mostly cost the same virtually as it did in-person, adapting to the new college experience at home can give some students the opportunity to make smart money moves. Here are six things students can do to maximize accumulated savings while learning from home.

Is It Cheaper to Move Out of the City?

The COVID-19 pandemic is changing many things about the way we live. Thousands of Americans have already fled to suburban and rural locations since the first lockdowns in March 2020. With the coronavirus, social distancing and remote working seemingly here to stay indefinitely, it’s only natural for people in major urban areas to ask themselves: “Should we move out of the city?”

However, depending on where you’re thinking about moving, suburbs and small towns aren’t always cheaper than cities. Hidden costs can eat away at your budget, and moving out of the city could end up being more expensive than staying put.

How to Use an Impact-Effort Matrix For Your Finances

One of the most useful mental models I use for keeping my finances healthy is the impact and effort matrix. I use it all the time, almost unconsciously, to make decisions about my use of my time, money and energy. To an extent, we all do it naturally, but I’ve found that investing some effort into honing your impact and effort matrix pays off tremendously. It’s one of the biggest wins you can make with your finances and with your life.

How to use an impact-effort matrix for your finances
First, step up the matrix

Never created an impact-effort matrix before? Here’s how you start one:

The 7 Most Common Personal Finance Questions, Answered

This week’s batch of reader questions focus on the fundamentals of personal finance: emergency funds, credit and banking.

1. Should people have more than a month in emergency funds?
2. What is credit?
3. What’s a good online bank?
4. Is online grocery shopping cheaper?
5. What exactly is a budget?
6. What’s the best first credit card?
7. What are premiums and deductibles?