5 Good Reasons Why Estate Planning is essential for you

Making a plan for your estate is among the most valuable things you will do for your loved ones. Nonetheless, it is a job that all of us fear and put off coping with later in life. Going to decide who will inherit your estate is a tough decision and a critical component of life planning when it comes down to this. Proper estate planning helps support families of small children and helps the descendants prevent tax overpayments.

What is an estate plan?

An estate plan is a series of official documentation that details how you want your properties to be allocated when you pass away, and how you want people to make health and financial choices if you are unable to do so for yourself in your life. If estate planning was once deemed anything involving only wealthy individuals, it has changed.

A detailed estate plan will make you feel more secure about the future, understanding that it will take care of your loved ones, and that the legacy you leave behind is the one you want.

Protect your Family

If you have kids, you have to be ready for such a tragedy. Mainly, this will entail creating a will, which is just a part of planning the estate. In your will, you must decide how to take good care of any children as young as 18, and what things in your estate they must inherit when they come of age. Without a will, the state does not only determine who gets your assets but also who raises your kids. If you care who should be your children’s guardian if you carry, you must make such an implementation in your will.

It protects your Family Fights

Those scary stories we’ve all heard. Someone who has money ends up dead, and the war between members of the family starts. One brother may think they deserve better than another, or one sister may believe they should be in charge of the assets even though they’re notorious for debt rolling.

Attorney

For the best estate planning, you would be needing a good lawyer who can help you in solving all your queries and also with your paperwork. Attorneys in estate planning have the skills and expertise to help you achieve harmony by planning and Bulverde estate planning attorneys are a very good option to consider.

Guard your assets from unexpected lenders

Protecting your properties with your solicitor is a significant component of estate planning. In the case that a lawsuit comes up in the future, this will help secure your assets. This is particularly useful if you are working at the company that often experiences lawsuits, such as advertising or residential property or the medical sector. Against shareholders it comes in useful.

It spares you from tax

It is vital for estate planning to transfer wealth with an eye to descendants to create the lowest tax burden feasible for them. And with only a bit of planning for the estate, couples can minimize most or even more of their federal and provincial property taxes and state estate taxes, which can get very costly.

If you want to protect your money and your family members when you can’t do it anymore, you’ll need an estate plan. So don’t delay it and start preparing, NOW

X Qualities That Make Gizmogo Better Than Online Marketplaces And Trade In Programs

Selling old electronics can have a range of benefits. For starters, selling off electronics that you no longer use can help you earn a few extra bucks. 

Moreover, if your old electronics are simply collecting dust in a drawer somewhere in your home, selling them off will help you declutter, which in turn has several benefits related to reduced stress and improved productivity.

Whatever your reason may be, getting rid of old electronics can turn out to be a tricky process. From finding the right buyer to ensuring you get the best value for your electronics, what may start as a cleanup project or a part time side hustle, can easily turn into a full time headache.

Thankfully, selling your electronics is now easier than ever with Gizmogo.

However, with new online peer to peer marketplaces and trade in programs popping up everyday, there are a number of other options you can consider.

So what makes Gizmogo better than these options? Here are five qualities:

Social Distancing Friendly

Social distancing has become the new norm and has made selling anything offline a dangerous task. While you cannot hold a garage sale or call your friends over to check out the items you are trying to sell, you can always sell them online.

With Gizmogo, you can get the quote online and the payment transferred to you digitally. All you are required to do is to pack the item you are selling and drop it off at the nearest UPS or USPS office.

Lucrative Evaluation Of Your Device

Gizmogo offers the highest price guarantee that ensures you get the maximum possible value for your electronic devices. 

While selling to brick and mortar stores is another easy option to sell your electronics offline, Gizmogo pays an average of 10% to 20% more than such local stores.

No Haggling Involved

Online peer to peer marketplaces like Swappa and Facebook Marketplace have recently gained a lot of popularity. There is no doubt that these platforms are working hard and have introduced some cutting edge innovations to make selling on their platforms easier and safer.

Be that as it may, the truth remains that on these platforms, you are mostly dealing with strangers. Moreover, these strangers are not businesses with legal liabilities, these are unknown individuals that can even use fake accounts to reach out to you.

Even if you ignore the safety factor, you will be required to talk to and negotiate with potential buyers that would all be looking to haggle with you. While there is still a good chance that you can get a decent price for your products, the investment of time in the process is going to be considerable.

Instant And Convenient Payments

Another advantage of selling on Gizmogo is instant payments. Once the experts at Gizmogo receive your product, your payment will be released within 24 hours.

If your product’s condition turns out to be better than what you described, you will be given a revised (possibly higher) quote. Similarly, if your product’s condition is not as good as you described earlier, the revised quote will be shared with you.

If you accept, the payment will be sent to you within 24 hours. 

The best part is, you can complete control over how you want to be paid. Unlike online trade in programs, Gizmogo does not pay you in gift cards (although, that is an option).  

Besides Amazon gift cards, you can choose to get your payment in your bank account or through Paypal or through the good old fashioned cheque.

Not to forget, trade in programs have a bad rep of paying rock bottom prices for used electronics.

Conclusion

These are just a few of the many, many things that make Gizmogo the best option to sell your electronics. 

But don’t take our word for it, log on to our website and see for yourself!

How to Teach Your Kids About Money

When it comes to raising your kids, the biggest goal of yours as a parent is to make sure that they are set up for success later in life. One thing that you have to do as a parent to help get them ready for life is to teach them about money. Money can be a complex topic to introduce to your child as there are a lot of things that they need to know that will go over their heads as children. 

Of course, you, as a parent, may wonder, “Will the Iraqi dinar revalue,” if you have foreign currency investments, but kids will not understand all that goes into this right now, so just teach them the basics.

Teaching your kids about money, whether your currency is the United States dollar or the Iraqi dinar, does not have to be a difficult task. It can be fun and interesting for them. Below are some easy ways, that are also fun for your kids, that can teach them all they need to know about money starting out.

Get a traditional piggy bank

Kids love to have their own piggy bank that they can put their money into. This is an easy way for them to start learning how to save money and put it away so it does not get spent on unnecessary things. You can give them a weekly allowance so they learn to put it away, and when they finally get to open their bank and see all the money they were able to save, they will be excited to continue doing it.

Use board games to learn about money

Break out the old traditional games that have fake money as part of the game. Games like Monopoly or Life cause you to think through investments and make sure you save money so you can win the game, and really not even realize that you are doing it. These games even go beyond just learning how to save money or wise investments. They can teache your kids about important life skills like buying houses or property, renting out a property for a profit, and putting aside money to get ready for retirement.

Use technology to your advantage

In this day and age, the younger generation is all about technology and being in front of a screen every chance that they get. The good news for you as a parent is that you can use this to your advantage. There are several YouTube channels that have been created specifically to teach your child about money. If your kid is watching TV or getting on YouTube anyway, why not make it an educational time so they get entertainment while learning at the same time. It is a win for everybody!

Start playing bank or store with them

Kids learn best when they are able to play, have fun, and use their imagination. A great way to teach your kids about money is to get them a cash register with fake money and start playing store with them or bank with them. Playing something like this will exercise their imagination, it will teach them how to add up their money, and how to manage their money when they are shopping so they do not go over budget and have money left over.

Kids are competitive—start using competition

If you have multiple kids, a great way to encourage them to save their money up is by enticing them with a little bit of competition. One competition you can do is a saving competition. Set a time frame like a month or two and see who can save the most money at the end of the time. You as the parent can even get in on the fun and save a little bit along with them. Whoever saves the most money at the end of that time gets some type of prize or present as a reward. This shows your kids just how fun saving money really can be and that you can get a big payout for your efforts in the end.

The most important thing to teach your kids about money is that though it is important to save money and spend or invest it wisely, money is not everything. Money is merely a tool to get you where you want to be in life, but it should not be everything you work for.

Easily get the refund you are entitled to if your vacation is cancelled

There is nothing better than having a vacation booked that you can look forward to. Knowing that you will soon be taking a few days off to relax and enjoy time with your family can help you to get through the week.

But, what do you do if your holiday firm goes bust as Thomas Cook did in 2019? Where does that leave you? Does it mean that your money is lost and you will have to forgo your vacation?

Fortunately, the answer is usually no. As you can see from this infographic, which Creditfix kindly provided, in many cases, you can get your money back.

Provided you take the right action you will still be able to enjoy a few days of sunshine. Maybe not in the place you were originally planning to visit. But, using your refund you will be able to afford to take a vacation.

You just need to be careful to book your accommodation, flights and other forms of transport in the right way. Reading through this infographic will help you to do exactly that. 

It will also help to reduce the risk of your being stranded, should something go wrong while you are still abroad. You really don´t want to spend the last few days of your vacation worrying about how to get yourself and your kids back home.

 

 

6 ways to build funds for your next family vacation

When you lead a busy, hectic life – let’s face it, who doesn’t? It’s always nice to have something to look forward to. Weekends come and go, but it’s often the annual family vacation that most families count down to every year. Arranging a vacation requires a lot of financial planning.  One way that families reduce the financial burden of organizing a family vacation is by booking it well in advance and paying in smaller instalments so they can spread out the cost. 

Wondering how else you can build up your funds for your next family vacation? Check out 6 ideas below.

Check you’re getting what you’re entitled to

The cost of living is increasing but sadly our salaries don’t often reflect that rise. Therefore, it’s always a good idea to check that you’re receiving the benefits that you’re entitled to. Whether you’re on a lower income, a single parent or even a veteran who’s recently left the military – check out disabledvets.com to find out more about your veteran benefits – you could be entitled to more money than you think, that will not only help towards the day to day life of raising a family but also relieve some of the financial pressure you’re under. 

Try to earn a little more

You probably already have a job, and when you have small children at home it might be difficult to dedicate more time to earn more money. However, there are ways you can earn a little more without leaving your children in expensive day care centres or with babysitters. For example, you can declutter your home and sell any items you no longer want online. Start a small side hustle from your living room, such as sewing services, freelance writing, or even selling baked goods. 

Cancel your gym membership

Are you one of the thousands of people who took out a gym membership with the best intentions yet haven’t been for months? If you’re not making the most of your gym membership then simply cancel it as soon as possible. Even if you enjoy using the gym, opt to work out at home instead with some basic equipment or follow workouts online. 

Get rid of your landline

If you have a landline, ask yourself why? Does anyone actually call you on it? Apart from telemarketers of course! Have it removed and save the money into your vacation fund instead. Most people communicate via their smartphones these days! 

Pay with cash

We all know that paying with card or contactless is quicker and more convenient than cash. However, it can often lead to overspending. Take out however much cash you think you might need at the beginning of the week and simply try not to spend it all. You’ll be amazed how much you resist spending when you have the money physically in your hand. 

Buy second hand

Kids need a new t-shirt? Or maybe you need a new handbag? Head to your local charity shop and see what you can find. You’ll be amazed at the quality of items you’ll find.

Cryptocurrency and Entertainment

With the advent of the internet, online commerce has taken the world by storm, and this will surely continue for the foreseeable future. Instead of going to a physical location to purchase goods and services, you can buy most anything online with free shipping. To make these transactions even more comfortable, the majority of banks have created virtual wallets which enable consumers to make purchases instantly. When you do travel to the store, you can use the NFC technology inside of your smartphone to tap the terminal. With this said, you no longer need cash or physical cards when shopping either online or in-person. Since physical money is falling out of favor, companies are looking for ways to introduce digital currencies to the public. Bitcoin, Litecoin, and other offerings have failed to catch on because they are not exchanging hands. Recently, Facebook announced its cryptocurrency, which is receiving support from many organizations. Moving forward, entertainment personalities such as David Guillod may be using this technology to transact in the entertainment space.

Adopting Cryptocurrency

For longer than anyone alive can remember, the physical currency has been the primary source of transactions, and it will be difficult to change. When internet users first had access to online commerce, many individuals were wary of having information and identities stolen. It took quite a few years for this behavior to become routine, and now users often buy items with a straightforward click. In retrospect, many exciting processes have become second-nature for humans, and digital currency will eventually follow suit. With many independent entertainers gaining favor with the masses, they could potentially connect directly with these audiences with digital currencies.

For this type of technology to catch on, the entire economy will have to become more malleable for this to occur. Also, including Blockchain and cryptocurrency education in school curriculums will help speed this process along. As it stands, many consumers are still unaware of how the banking industry functions and are not prepared for the overhaul of the financial system quite yet.

Making Transactions in the Future

Eventually, many people will experience physical reality with a form of augmented reality layered on top. With 5G around the corner, it will be possible to integrate more types of technology into reality. Instead of using an outdated form of currency that is still tied to things such as the Automated Clearing House (ACH), consumers will slowly gravitate toward digital options. With Facebook leading the charge for this type of currency in the mainstream, it would be wise for these partnering organizations to tie this cryptocurrency to entertainment.

Blockchain and Independent Films

With the advent of the internet, independent film companies have come about readily, and this does not seem to be changing. Now, more than ever, the ability to make an independent film is accessible to pretty much any individual with a screen. Before this period, making films was reserved for big studios that were given massive budgets. Movies from these large studios are still responsible for the majority of the revenue earned in this industry, but independent films are beginning to make some noise. Film producers such as Heather Parry have seen this industry over the years, and it continues to evolve as time continues. Independent filmmakers have turned to solutions such as blockchains to receive proper forms of compensation.

Providing Faster Revenue Channels

Traditionally, there are a lot of channels independent film companies must go through before they receive compensation. Companies of this nature regularly receive publishing deals from bigger studios and are often the last entity to receive payment. With the introduction of Blockchain technology, this would no longer be the case. Independent film companies would receive more direct revenues, and these filmmakers would earn more money as a result. Since these individuals are responsible for the overall creative process that reaches the audience, they should receive compensation as quickly as the more prominent entities or even faster if possible.

Reaching Target Market Faster

Since consumers have an endless amount of options to choose from when it comes to visual entertainment, consumers often look toward independent companies to find new offerings. At this time, there appear to be a lot of remakes and sequels in the film industry. While these films are often engaging and draw large crowds, innovation in this space is happening in the independent film sector. With Blockchain technology, independent filmmakers can reach target audiences directly through partial ownership programs. With crowdfunding becoming a big part of the gig economy, many consumers look for avenues that can assist independent artists and filmmakers. As a partial owner, the consumer will become a part of the process and will recoup an investment in real-time once the film begins to make money.

At this time, you no longer have to go through more prominent channels for any form of entertainment. Films of all kinds are released each day from across the world, and this will only continue. For those who have a keen interest in the film industry, this is an incredibly exciting time for independent filmmakers. It is only a matter of time until Blockchain technology becomes integrated into this space.

Budget city breaks – How not to break the bank

To say that city breaks have come into their own over the last few years would be a gross understatement. Once upon a time it was just about sun, sea and sand and while these getaways certainly haven’t died out, tourists are now looking for alternatives.

City breaks fill this gap and can provide something different for a weekend, or longer. Unfortunately, many of these destinations have caught on to the fact that tourists are now flocking in their millions, and before you know it a break of this ilk can really break the bank.

This is the reason we have put together today’s post. We are now going to look at some of the best ways to save money on a city break, whilst still having a great time.

Location, location, location

It’s one of the biggest clichés going in the travel world, but we really can’t emphasize location when it comes to a city break. There are some destinations out there which always capture the tourists, but always happen to capture the dollars as well. In other words, it’s impossible to do them on a budget. London can quite often fall into this category, while Paris isn’t far behind either.

However, there are some destinations which appeal to tourists, but aren’t overpriced. Belfast can be included here, and with hotels in the area being really good valuable it is places like this which should be worth considering.  If you are looking to explore a city in  a tropical locale, a last minute all inclusive vacation is sure to save you money.

The power of “off-season”

Next, let’s talk about school holidays. This next point might not be music to many ears, but just be aware of the price hikes if you have your heart set on a trip during this period. The prices are inflated ridiculously, and it means that the once-affordable city break is suddenly costing a fortune.

The solution? Become creative with your dates, or postpone for another period.

Forget the suitcase

This next point is becoming more understood amongst travellers, but suitcases are so last decade. Most of the time, you’re going to need to take very little on one of these breaks. It means that a suitcase is not necessary, and can in some cases double the cost of your flight. Learn to pack shrewdly, and watch your costs dwindle.

Don’t be afraid of exercise

Finally, don’t be lazy! This point relates to transport and while at times it can be interesting to sample the local transport networks, in some cities this can increase your costs.

It’s something else that isn’t always necessary, either. For example, in London, it has been found that it’s quicker to walk between some tube stations rather than get the metro. As such, do your research before traveling.

There’s a time and place to save money

Following on from all the above, let’s conclude with a point about common sense. Sure, you can really dive into one of these city breaks and save money in countless areas. However, there’s a time and a place to be smart, and if you are looking to cut something out that is going to cost you in terms of safety or even significant enjoyment, this might be a step too far.