Thousands of courses for $10 728x90

الخميس، 9 يناير 2020

Independent vs. Captive Agents

When you’re in the market for insurance, whether it’s home, auto or life, you typically work with a representative who can help you find a policy that meets your needs. But most people don’t know that there are two different kinds of insurance agents—captive and independent.

So what is an independent insurance agent vs. a captive insurance agent? In short, captive insurance agents are contracted to work for one insurance company and can only sell that company’s policies. On the other hand, independent agents are contracted to work with a variety of insurance companies and can sell policies from multiple providers.

As a consumer, it’s important to understand the distinctions between captive and independent agents. Although they sound the same, some people will benefit from working with a captive agent and others with an independent agent. In this article, we’ll explain the key differences and help you decide which agent is best for you

Captive agents

Most of the major insurance companies, like State Farm, Allstate and Farmers, use captive agents to sell their insurance products. Their agents are only selling policies from that one insurer, so the agents are experts at knowing the different policies available, discounts and coverage add-ons.

Because of that, the biggest benefit to working with a captive agent is that they can help you find the best policy to meet your needs. That can be helpful for people who are buying insurance for the first time or for people who aren’t sure how much coverage to purchase.

Captive agents also receive support from the insurance company they represent. Sometimes they are given an office and even a staff to help them file paperwork. Besides helping clients find and purchase insurance policies, captive agents invest their time networking with new clients and building relationships with existing customers. Because of that, a captive agent might provide a higher level of customer service.

Client satisfaction is crucial for captive agents because they get a commission for every earned sale. However, their commission rate tends to be lower than for independent agents because they are also paid a salary from the insurance company and get financial assistance with costs like advertising and hiring.

Independent agents

Independent agents partner with several insurance companies of their choosing to sell certain policies from each provider. For example, an independent agent might contract with Trusted Choice and Safeco and only sell their auto and home insurance policies. That agent is not eligible to sell policies from another company, like Geico.

Many consumers like working an independent insurance agent because an independent agent gives the customer more options. They aren’t locked into purchasing from a small number of plans that might be too expensive or not a great fit for their coverage needs. Those options help people shop around for plans before settling on one.

Unlike captive agents, independent agents are responsible for their own overhead. Essentially, becoming an independent agent is like starting any other business. You need an office space, computer setup, filing system, advertising strategy and an administrator. The independent agent has higher startup costs, and they are responsible for paying 100% of their business fees.

However, independent agents tend to have more opportunities when it comes to earnings. Although they work solely on commission from closed sales, their commission percentage tends to be much higher than for captive agents. It’s also common for independent agents to form insurance agencies, which can help control business expenses.

Which is better: independent vs captive agents?

Generally speaking, there isn’t one better type of insurance agent. Whether you choose to work with a captive agent or an independent agent depends on your needs.

The main benefit of working with a captive agent is that they have extensive knowledge of their insurers products and policies. Before investing in insurance, you want to select the right plan, and a captive agent can help you do that. However, working with a captive agent tends to be more expensive, due to extra fees that the insurance company charges.

With independent agents, the pros and cons are somewhat the opposite. If you work with an independent agent, you’ll get more options, which also means a wider price range. But independent agents lack the in-depth knowledge that captive agents have because they are spread thin across multiple policies and providers. However, independent agents usually charge less because there isn’t one parent company to support.

If you’re purchasing insurance for the first time or need help understanding the policies available to you, consider working with a captive agent. They’ll be able to find a good match for you based on your specific needs and budget. If you’re mostly concerned with keeping costs low, working with an independent agent will save you money. Keep in mind that you should already have a general idea of what you’re looking for before meeting with an agent.

Frequently asked questions

What type of insurance do independent and captive agents sell?

Both independent and captive agents can sell any kind of insurance they want. Some choose to sell every product that an insurer offers, while others specialize in a few areas, like home and life insurance.

Should I choose an independent or a captive agent?

There are a few main reasons why you would choose an independent vs. a captive agent. The first is cost—working with an independent agent will be cheaper than working with a captive agent. However, captive agents are generally better for people who need assistance throughout the insurance purchasing process. They tend to have more knowledge of the insurance products of a specific company than an independent agent does. Lastly, independent agents can offer a wider variety of plans, so you have more choices and a wider price range to work from.

How can I find an independent agent?

To find an independent agent, try searching for local agencies in your area. From there, you’ll be able to see which insurance providers are represented. Or, try asking for a recommendation from close friends or colleagues you trust. You can also search this database from Big I, the Association for Independent Insurance Agents & Brokers of America, for independent insurance providers near your zip code.

The post Independent vs. Captive Agents appeared first on The Simple Dollar.



Source The Simple Dollar https://ift.tt/2uCPd89

What Are the Options for Life Insurance Payouts?

Many people think the only life insurance payout option is a lump sum after the insured person dies, but there are actually many choices out there. We look at some of them.

Source Business & Money | HowStuffWorks https://ift.tt/308KCWB

What Are the Options for Life Insurance Payouts?

Many people think the only life insurance payout option is a lump sum after the insured person dies, but there are actually many choices out there. We look at some of them.

Source Business & Money | HowStuffWorks https://ift.tt/308KCWB

New Giant coming to Pocono Summit

Giant Food Stores has announced they will be building a new store in Pocono Summit, at the southwest corner of Interstate 380 and Route 940.“The new 66,000 square-foot Giant will be built from the ground up over the next 18 months,” said Ashley Flower, Manager of Public Relations at Giant Food Stores. “We anticipate an opening in 2021.”This will be Giant’s third store location in Monroe county. The first store location was opened in [...]

Source Business - poconorecord.com https://ift.tt/2Fz33u6

How to Figure Out How Much Homeowners Insurance You Need

Many people may not have enough homeowners insurance coverage to replace their homes in the event of a disaster. Are you covered?

Source Business & Money | HowStuffWorks https://ift.tt/2NaeHjy

How to Figure Out How Much Homeowners Insurance You Need

Many people may not have enough homeowners insurance coverage to replace their homes in the event of a disaster. Are you covered?

Source Business & Money | HowStuffWorks https://ift.tt/2NaeHjy

Stroudsburg family goes into business of beauty

For Erin DeRosa, it's all about preserving "what I've got."At 48, DeRosa — along with her daughters Charlotte, 14, and Olivia, 16, — is interested in skincare that uses organic and natural ingredients. So about a year ago, they decided to apply their entrepreneurial face and make their own products.“I have always wanted to do something, involving natural ingredients because that is important to me,” DeRosa said.The result is the new [...]

Source Business - poconorecord.com https://ift.tt/35wh3Q4

Oscar Mayer Car Drivers Wanted: 12 Wienermobile Jobs Open

Do you wish you were an Oscar Mayer wiener?

Bad news first. You can’t morph into a mechanically separated meat link. (2020’s tech just isn’t there yet.) But the century-old cold-cut meat company is dishing out the next best thing: paid opportunities to drive a 27-foot long Oscar Mayer car — aka the Wienermobile — across the nation.

“Oscar Mayer is looking to fill 12 open Hotdogger positions, which will kick off in June at Hot Dog High,” the company announced in a press release. “The Hotdogger role is a full-time, paid, one-year job with the opportunity to crisscross the hot dog highways in the iconic Wienermobile vehicle.”

Hot Dog High is a two-week training program where you and 11 other trainees will become “experts in hot dog puns” and learn how to maneuver the oddly shaped vehicle — parallel parking lessons included. After training, you’ll hit the road, traveling to towns big and small, making media appearances and attending wiener-related expos and promotions. 

Basically, you’ll be driving your Wienermobile wherever it will generate the most buzz. 

FROM THE MAKE MONEY FORUM

According to the application, the 12 positions are open only to recent college grads, with preference for those who studied media-related subjects.

“We need outgoing, creative, friendly, enthusiastic, graduating college seniors who have an appetite for adventure and are willing to see the country through the windshield of the Oscar Mayer Wienermobile,” the application stated. “Applicants should have a BA or BS, preferably in public relations, journalism, communications, advertising, or marketing, though applicants are not limited to these degrees.”

The company announced on Twitter that applications officially opened Jan. 6. They close Jan. 31.

“Last year, Oscar Mayer received thousands of resumes for the coveted position,” the company stated in the press release. “It’s true that more people have been to outer space than have held the position of Oscar Mayer Hotdogger.”

Pro Tip

Spruce up your application. Check out our recent-grad resume and cover-letter writing guides before you send it off.

It may be a long shot. But if you think you’ll make the (cold) cut, send your resume and cover letter to wmrequest@kraftheinzcompany.com. Or snail mail your materials to:

Oscar Mayer
ATTN: Hotdogger Position
560 E Verona Ave
Verona, WI 53593

The company did not specify the salary range for Wienermobile drivers. 

Diana Greis, a spokesperson for Oscar Mayer, told The Penny Hoarder that “Hotdoggers receive a competitive compensation package for recent college graduates, and the experience traveling around the country is invaluable.”

Adam Hardy is a staff writer at The Penny Hoarder. He covers the gig economy, entrepreneurship and legit work-from-home jobs. Read his ​latest articles here, or say hi on Twitter @hardyjournalism.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.



source The Penny Hoarder https://ift.tt/2N8CyzS

10 Money-Saving Tips to Follow in the New Year

We often start the new year with grand plans. And if you’re like most of us, those plans include improving your finances.

In The Penny Hoarder Community, many members responded in a survey about their goals for the new year that they want to save more money in 2020. 

We’re hoping this is one resolution everybody sticks to. Here are some money-saving tips that will aid in your success.

1. Have a Plan for Your Savings

Having a compelling reason for not spending all your paycheck will help you stay motivated when you just want to treat yourself.

Maybe you need an emergency fund so you won’t fall further into debt the next time your car needs a repair. Perhaps you want to save up so you can finally afford a nice vacation.

Keep your reason at the forefront of your mind so you remember why you’re saving. You can even nickname your savings account to reflect your reason.

2. Make Your Goals SMART

It’s good to simply save money, but you’ll likely have better success with a goal that’s “SMART” — specific, measurable, attainable, realistic and timely. 

How much money would you like to save? By when? How much would you need to put aside each payday? Can you afford that much and still pay your necessary expenses?

Adding details to your goal makes all the difference.

3. Embrace Automation

Saving money won’t feel like work when you set it and forget it.

Pay yourself first by adjusting your direct deposit so a portion of your paycheck automatically goes into savings. You won’t miss what you don’t see.

Alternatively, you can set up automatic transfers from your checking account to your savings account after payday.

4. Let an App Save For You

Need help saving money? There’s an app for that.

Here at The Penny Hoarder, we’re fans of using technology to our advantage to help us save. Check out our seven favorite money-saving apps. These tools help you squirrel away extra money and make the most of it, even if you aren’t starting with a lot.

5. Participate in a Savings Challenge

Saving money can seem dull — but not if you frame it as a challenge.

Start the new year with a fun way to stack cash. These five money-saving challenges will keep you on your toes and test your limits — and if you do it right, you’ll end up with sweet returns.

6. Find Less-Costly Alternatives for Everything

Reduce your expenses by choosing cheaper alternatives for the stuff you buy all the time. 

Visit the thrift store instead of the mall. Try the farmer’s market rather than Whole Foods. Buy generic over name brand items.

Pocket the difference and funnel it to your savings.

Pro Tip

When it comes to entertainment, these 100 free things to do can help you save money.

7. Reduce Recurring Expenses

You’ve got bills to pay every month — plus groceries, gas and all those other necessary expenses that aren’t going away. However, if you shave a couple hundred off those monthly costs, that’s money that can go toward savings.

Call your cable, internet and cell service providers to negotiate a lower rate, or downgrade to a cheaper plan. Reduce your housing costs by renting out a room on Airbnb, getting a roommate or even considering a coliving arrangement.

Check past bank statements to figure out which monthly charges you could get rid of altogether — like that gym membership you never use.

8. Go on a Cash-Only Diet

When you use debit or credit cards, it’s easy to swipe yourself over budget. Buh bye, savings.

When you use cash, however, you have a finite amount of money. If you only have a $20 bill with you when go out to lunch, you can’t choose something that’ll come to $24.95. 

Switching to the cash envelope system can help you stick to your spending plan, which means you won’t cut into your savings.

9. Make Extra Money

Increase your cash flow to have more money available to save.

Ask your manager if you could pick up extra shifts or see if you can negotiate a raise. Get a side gig or a second job where you can work from home. Or get a one-time cash influx by donating plasma or selling clothes online. It all adds up.

10. Add a Layer of Accountability

Like a gym buddy can help you stick to your fitness routine, having a money buddy can help you reach financial goals, such as saving money.

Check in with your financial accountability partner when you need the moral support to walk away from a pair of new shoes at the store. Celebrate your successes with your buddy when you reach benchmarks in your savings plan.

Pro Tip

The Penny Hoarder Community is a platform where you can meet like-minded savers and find an accountability partner.

Another way to keep yourself accountable to your savings goal is by regularly tracking your spending, making you more conscious of what you buy. When you get in the practice of writing down what you spend every day — and confronting it in black and white — you may be less inclined to spend money recklessly.

Nicole Dow is a senior writer at The Penny Hoarder.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.



source The Penny Hoarder https://ift.tt/36zomaW

How to buy cheap renters insurance online

Renters don’t need the level of insurance protection that homeowners need. However, if you rent a house or apartment, you want to cover your valuable belongings and protect yourself against legal liability stemming from an accident in your home.

The average annual renters insurance premium is around $188, according to The Zebra, an organization that researches the insurance industry. That’s cheap, especially compared to the expense of replacing your personal property if a fire or storm causes major damage.

Whether you live in a home filled with valuable family heirlooms or a starter apartment with a couple of roommates, purchasing renters insurance makes good financial sense. Buying cheap renters insurance online is easy. You just need to know how to calculate the amount of coverage you need and ways to get a great rate.

How much coverage do you need?

Determining the amount of coverage you need isn’t difficult. Begin by taking an inventory of your personal belongings. Start in one room, then move from room to room until you’ve recorded everything in your home. Inventory all your personal property, including appliances, artwork, clothing, electronics, furniture, kitchen utensils and rugs, and determine their current value and replacement cost.

There are several ways to go about taking inventory. You can make a written inventory, which should include detailed descriptions of each item, along with serial numbers when applicable. Written inventories should also include pictures of each item. Some people use video cameras to inventory their homes, zooming in to capture details and adding voice descriptions.

Mobile apps are perhaps the easiest way to create a home inventory. Mobile apps, available for Android and Apple devices, make inventory taking easy, enabling you to take photos with your device’s built-in camera and add pertinent text information. Some apps even include barcode and QR code functionality, enabling you to print and attach a scannable code to items.

Apps also make it easy to update your inventory at any time, because you can delete items you’ve gotten rid of and add new things as you make purchases. Even after you’ve purchased a renters policy, retain your home inventory, in case you need to file a claim later.

After completing your inventory, add up the value and replacement cost of your personal belongings to determine how much coverage you need. If you have $15,000 worth of belongings, you will need at least $15,000 in renters insurance coverage.

Keep in mind that insurance companies set limits on claims for certain types of property. For example, a company may only pay up to $1,500 for jewelry and only cover theft, not damage. Other items that likely face claims limits include business property, collectibles, electronics, firearms and silverware.

Cash value vs. replacement cost coverage

When you file a renters insurance claim for personal property losses, the insurance provider will pay the actual cash value of the items or their replacement cost. In a cash value scenario, the insurance company will factor in depreciation of each item at the time of the claim, along with your policy’s deductible.

For example, if someone steals your two-year-old laptop computer, which you purchased new for $1,000, the insurance company may only give you $300 to replace it, based on its current value. On the other hand, a policy that offers replacement cost protection would pay the amount of money required to purchase an equivalent computer at today’s price.

Typically, standard renters insurance policies offer cash value coverage. However, most insurance companies offer replacement cost coverage for a slightly higher rate, usually around 10% more. So, if your policy costs $14 per month, you could increase your protection to replacement cost coverage for just $1.40 more. That’s a good deal.

Shopping for the cheapest renters insurance online

Always get quotes from several insurance companies before taking out a policy. You can get renters insurance quotes by requesting quotes online at company websites.
Always shop for renters insurance using an apples to apples comparison. For instance, if you get a quote for $20,000 in personal property coverage and $100,000 in liability coverage, request quotes for the same coverage levels from other companies.

When shopping for cheap renters insurance, don’t base your decision entirely on premium rates. Ask questions to learn about a company’s claims process and coverage details. For example, you need to know about claims limits on items such as electronics or jewelry. Also inquire about exclusions. Does the policy cover damage caused by drain or sewer backups? Does the policy cover a vacant apartment if you go on a months-long vacation or military deployment? If a standard policy does not offer enough protection for your property or does not provide coverage for certain types of perils, you may consider taking out a rider or endorsement.

Get insurance company and agent recommendations from friends and family members to narrow your search. When you find a great renters insurance rate, check the company’s financial rating on the AM Best website and its customer service track record on the Better Business Bureau webpage. Also, make sure the company holds a valid license in your state by using the insurance company lookup tool on the National Association of Insurance Commissioners website.

J.D. Power, a market research company, produces an annual study of renters insurance companies. Using a five-star rating system, J.D. Power ranks renters insurance companies based on factors such as claims handling, customer interaction, billing process and price. The J.D. Power study is a great source of information for narrowing down the list of companies from which you request quotes.

How to lower your renters insurance premium

Although renters insurance is inexpensive in most places, you can lower your premium by raising your deductible. For instance, you may choose to increase a $500 deductible to $1,000. Keep in mind, raising your deductible will increase the amount you must pay out of pocket if you need to file a claim.

To keep a low deductible and reduce your rate, ask your agent about discounts. Insurance agents offer loads of discounts for new and existing policyholders.

Allstate discount programs include:

  • Multi-policy discounts for customers who also purchase Allstate auto insurance.
  • Up to a 15% discount for houses and apartments equipped with burglar or fire alarms.
  • Up to a 25% discount for retirees 55 years of age and older.

Likewise, Liberty Mutual offers several great discounts for renters, including:

  • Military discounts for active duty, reserve and retired military members.
  • Early shopper discounts up to 45% for new customers who get a quote from Liberty Mutual before their current policies expire.
  • Smart home discounts for dwellings equipped with smart home devices such as thermostats and security systems.
  • Preferred payment discounts for customers who pay automatically using a checking account.

Discounts often vary by state, so check with an agent to find out which programs are available in your area.

Renters insurance is a valuable investment in case anything happens to your belongings or apartment, but you don’t have to spend a fortune on it if you shop around and look for discounts online, and choose coverage that meets your needs without exceeding them.

The post How to buy cheap renters insurance online appeared first on The Simple Dollar.



Source The Simple Dollar https://ift.tt/35y9Grb

14 Simple Ways to Reduce Your Energy Bills Year Round

During the winter and summer months, our energy bills are often dominated by heating and cooling costs. Like it or not, furnaces and air conditioners are expensive to run, and there are a lot of ways to save specifically on winter heating bills and summer cooling bills.

To summarize, here are 20 things you can do in winter to save on costs:

1. Air seal your home.
2. Utilize warm clothes and blankets at home.
3. Experiment with lowering your home temperature.
4. Set ceiling fans to run clockwise.
5. Keep blinds and curtains closed except in direct sunlight.
6. Cook meals at home.
7. Use space heaters smartly.
8. Air up your tires.
9. Add a sweep to your garage door.
10. Drop your thermostat at night.
11. Avoid turning on exhaust fans unless you really have to.
12. Humidify your air.
13. Replace your furnace filter.
14. Add some insulation.
15. Put an insulating blanket on your water heater.
16. Drop your water heater temperature.
17. Close off unused rooms.
18. Use energy-efficient holiday decorations.
19. Use LED bulbs.
20. Consider window replacements.

Also, here are 17 ways to keep cool in the summer without the AC:

1. Run ceiling fans in summer mode.
2. Wear cotton clothes.
3. Take a freezer pack to bed.
4. Take a cold shower or bath.
5. Drink cold water – ideally ice water.
6. Turn off the lights.
7. Cool off with cold water playtime.
8. Cook outside.
9. Prepare only cold foods inside.
10. Chill your feet.
11. Go barefoot.
12. Draw the curtains or blinds against the sun.
13. Get on the floor.
14. Hang out in the coolest part of your home.
15. Use cross current airflow.
16. Snack on frozen fruits.
17. Go to the library.

Still, we don’t just get energy bills in the deep winter and summer. We use energy and pay for it all throughout the year, and there are many tactics you can use in the spring, summer, fall, and winter to keep energy costs low.

Here are fourteen strategies you can use during any season to keep your energy bill as low as possible without interfering with your quality of life.

When light bulbs burn out, replace them with LEDs.

LEDs are the most cost-efficient option when buying light bulbs for your home. Not only do they use very little energy while on, but they also have a very long life before they need to be replaced and they come in a wide variety of colors and shades. The only catch is that bulbs from reputable manufacturers are still a lot more pricy on the store shelves than the old incandescent bulbs we’re all used to, but you make that money back surprisingly quickly.

If you’re buying LED bulbs for your home, my advice is simple. Stick to reputable manufacturers. Compare lumens, not watts, to the bulbs you’ve bought before. Don’t go “all in” on a particular kind of bulb; buy one or two, try them, and then decide what to do from there. Remember that although the up-front cost is high, these bulbs will use little energy and last a very long time; they end up saving purely on bulb replacement over incandescents cost over the long term, let alone the energy savings.

Don’t rush out and replace all of your bulbs with LEDs, but if you’re still using incandescents or other bulb types anywhere, migrate to LEDs as they burn out.

Replace appliances when they fail with energy-efficient ones.

When an appliance in your home kicks the bucket, invest a little more upfront to buy an energy-efficient appliance from a reliable manufacturer.

How do you find out that information, though? For starters, check your library’s archive of Consumer Reports issues and follow its recommendations, focusing on reliability and energy efficiency over bells and whistles. Use that information when shopping for a major appliance.

This works for almost every major appliance one might buy, from microwaves, dishwashers and refrigerators to washers, dryers and hot water heaters. Start with CR, prioritize energy efficiency and reliability, and you’ll find yourself with affordable energy bills going forward.

Set your computers to shut down automatically at a certain time each night.

If you have a home computer or two, go into the settings for your model and have them automatically shut down at a certain time each night. Here, we use a shutdown time of midnight.

When that time approaches, your computer will pop up a message notifying anyone using it that it’s about to shut off and give them a button to click if they don’t want it to turn off. Otherwise, it’ll automatically shut down at the desired time.

This is a good move if you don’t want to leave your computer running all night. Even better, you can put your computer on a power strip such that when the power to your computer turns off, it automatically cuts power to all of the peripheral devices, so things like your monitor and printer aren’t gobbling energy on standby all night.

Practice the habit of turning off lights when you leave a room.

This is just a good habit to get into. If you’re leaving a room and aren’t coming back within a minute or two, get into the habit of turning off the lights.

This is something we’ve been working with our children on quite a lot lately. They leave lights and other devices on in a room when they leave, which just gobbles down energy for no purpose. Doing some quick math with them showed that simply flicking a couple of switches in, say, our basement room if no one’s going to be in there for the next several hours can literally trim a dollar or more off of our energy bill.

This shouldn’t be just a routine where you walk through your home turning off lights before you leave. Get into the habit of flicking them off all the time.

Put devices that don’t need to be on “standby” on power strips with a switch.

This simple move makes it easy to turn off “standby” power for things like phone chargers, toasters, coffee makers, and other items that don’t need standby power all the time.

Just put them on a power strip that has a switch. Install it behind a few of your small appliances but orient it so that you can get to the switch with relative ease.

Note that a “smart plug” doesn’t really help here, as “smart plugs” consume energy as they constantly listen for signals to turn on and off. The point of this is to avoid “phantom” energy draw, so the best solution is a strip with an actual physical switch on it. “Smart plugs” are great for convenience, but they’re not great for energy savings overall because of the power they consume themselves.

Maintain and clean your energy using appliances.

Almost every major appliance in your home is made more energy efficient by simply following the maintenance suggested in the owner’s manual for that appliance. You’ll also extend the life span of that appliance by simply maintaining it, saving a lot on any replacement.

Many of the tips are simple. Be sure to clean out the lint trap each time before you use your clothes dryer. Run an empty load in your dishwasher once in a while with just white vinegar. Set your refrigerator temperature at a certain setting based on where you live.

Some of them are bigger tasks, but make a huge difference. Clean out the pipe connecting your dryer to the exhaust once a year. Replace your air handling filters once every few months. Pull out your fridge and clean the coils on the back once a year.

All of those steps (and more) significantly improve the energy efficiency of your appliances and extends their lifespan, too.

Avoid using the drying cycle on your dishwasher.

When you run a load of dishes and notice that they’re now on the drying cycle, stop the dishwasher and just open the door. Your dishes will naturally air dry, just like people used to do with a drying rack before dishwashers were around. There’s no need to be wasting energy on drying.

If your dishwasher allows you to optionally turn off the drying cycle, do so unless you need the dishes dry very quickly. If you’re like me and you usually run a load just before bed, then there’s no reason to waste energy running a drying cycle so that they’re dry by 10 p.m. when they would just naturally dry overnight anyway.

Drying mode is really only useful if you need dry dishes quickly. If you don’t — and that’s the reality for us most of the time — then skip it and save the energy.

Do only full loads of laundry, but don’t overfill.

Almost every washing machine in the world works best with a large, full load of laundry. It optimizes the use of water and agitation if you use a full load.

However, you shouldn’t overfill the washer. Rather, you want to loosely place clothes in the bin until it’s mostly full, according to the instructions on your washer. Don’t shove clothes or other items in there, but don’t under-fill it, either.

What you’re aiming for is the maximum efficiency in use of your washing machine. When you get it right, you minimize the water used per garment, the energy used in agitation per garment, and the wear and tear on your washing machine and its bearings. For most washers, this just means filling it to the top loosely with clothes, not pushing them down in there.

Wash your clothes with cold water.

Another valuable laundry tip: unless specifically directed to do so by the items you’re washing, wash and rinse them on cold water settings. This will get your clothes perfectly clean without having to use any hot water at all.

When you run a washer on warm or hot, water is coming in from your hot water heater, and that means that you’ve paid to heat up that water. That has a real energy cost that can add up and, unless it’s necessary for your garments, it’s not a useful energy cost.

I run all of our loads on cold wash/cold rinse unless specifically directed to do so otherwise by the items I’m washing.

Install well-regarded low flow showerheads.

People hear “low flow showerheads” and immediately imagine showers with just a trickle of water, but actual well-designed low flow showerheads are nothing like that. You usually can’t tell the difference between a good low-flow shower head and a normal one.

What’s the trick? Good low-flow showerheads use a lot of tricks, but one is to aerate the water, effectively putting tiny air bubbles into every droplet. Another trick is to produce smaller droplets but actually produce more of them, which ends up cutting water use but still feels like a soaking shower.

Do your homework with low flow showerheads. While I’m not super experienced on various models, I have taken showers with this High Sierra shower head which produces a really nice shower while only using 1.5 gallons of water per minute, compared to many showerheads that use more than twice as much without any real improvement in shower quality.

Use an electric tea kettle (or an induction stove top, if you have one) for heating water.

Electric tea kettles are designed to do one task very efficiently: heat up water. Most of the ones you find today do this task extremely well, with minimal energy use, and so if you often use hot water for tea, coffee, soups and recipes, an electric kettle will eventually pay for itself. (It’s also a super practical gift.) I love my Cuisinart CPK-17 and use it frequently (it was hands-down my favorite gift from the holidays in 2018), but there are many good, less expensive models.

The only way to conveniently heat water more efficiently than that is to use an induction stovetop, and those are rather pricy and not particularly common yet.

So, if you do a lot of heating of water for beverages or cooking or other purposes, consider getting an electric kettle. The efficiency gain over a normal stovetop or a microwave is a pretty good energy saver.

Get out of the habit of opening the oven door while cooking.

When you’re cooking something in the oven, try to avoid opening the oven door if at all possible. Only do so if you’re actually removing the food or doing a vital adjustment (like turning something over). Look at the food only through the glass as it cooks.

Why? Whenever you open the oven door, you let out a ton of heat, and then the oven has to work quite a lot to generate that heat again. It’s fine if you’re done cooking and the oven is now off, and it’s acceptable if you need to move the food around, but if you’re just glancing at something, it’s costing you.

It’s not a big deal. Just break the habit of “peeking” in the oven, especially if you cook stuff in the oven frequently.

Regularly ensure that all of the outside vents in your home are clear and unobstructed.

Once every few months, go around your house and examine every single vent on the exterior of your home. Is there anything at all obstructing it? Is there any debris or lint in the vent?

Every single air vent for your home should be unobstructed and clear of debris. It’s not hard to check it and it’s not hard at all to clear it.

Doing so ensures that every ventilation fan in your home, for any purpose, runs more efficiently and thus needs to run less frequently. When you flip on the vent fan in your bathroom, for example, the moisture will escape much faster and thus you won’t need to run it nearly as long.

Talk to your energy company.

A final tip: you can often get quite a bit of help with making your home more energy-efficient via your energy company. Most energy companies offer a number of programs and features that encourage cutting home energy use, including things like energy bill reductions for energy-efficient purchases, home energy audits, and so on.

Many people question why energy companies promote home energy efficiency. The answer’s simple: America’s energy grid is pretty close to being overloaded, with more energy-sapping homes and businesses all the time, and it’s cheaper to encourage customers to trim a little energy from their usage than to build a new power plant. Furthermore, such activity is often promoted by the government, as they’ll nudge energy companies to focus on getting customers to be more energy-efficient rather than just building another plant.

Take advantage of these programs. Check out your energy company’s website and see what they offer that can help you improve your home’s energy efficiency for free or for cheap.

Saving on energy isn’t just a heating and cooling thing.

Your home uses energy in many ways beyond merely heating in the winter and cooling in the summer. The more steps you take to save on those other energy areas, the more money you’ll save all throughout the year.

Good luck!

The post 14 Simple Ways to Reduce Your Energy Bills Year Round appeared first on The Simple Dollar.



Source The Simple Dollar https://ift.tt/2T8Ru4U

New FCA proposals could give savers a £260m boost

New FCA proposals could give savers a £260m boost

Customers could get higher returns on their savings accounts in a new FCA overhaul. 

Brean Horne Thu, 01/09/2020 - 10:52
Image

Millions of savers across the UK could benefit from new proposals by the Financial Conduct Authority (FCA) to reform the easy access savings market.

Under the new rules, lenders will have to set a “single easy access rate” or SEAR across all their easy-access savings accounts and easy-access cash Isas.

Savings account providers will have the flexibility to offer introductory rates for up to 12 months.

The FCA has previously raised concerns that competition in the easy-access savings market is not working.

Around 40 million people hold easy-access savings accounts in the UK and many longstanding customers receive low rates of interest.

The changes aim to improve competition in the market by encouraging firms to increase the interest rates they offer while protecting customers that receive low rates.

Savers could be £260m better off from higher interest rates, the FCA estimates.

Under the proposals, lenders will also have to publish data every six months on the SEARs that they offer, making it easier to compare rates.

Christopher Woolard, executive director of strategy and competition at the FCA says: “Competition is not working well for many of the 40 million consumers with easy access savings accounts and we want that to change.

“Our proposals would mean firms have a single rate for customers immediately after their accounts have been open for 12 months.

"Firms will choose the rates they offer, and the rates they offer will have to be clearly published.

“This will prevent firms from gradually reducing interest rates over time and make them compete for all their customers.”

Finding the best savings account

Interest rates are at an all-time low making it a tough market for savers.

Finding the best savings account for you will depend on your financial circumstances.

Currently the best savings rates are paid on regular savings accounts and fixed-rate savings accounts.

Both require you pay in a certain amount of money each month for a fixed period.

They often have withdrawal restrictions meaning that you might not be able to access your money in an emergency.

If you’re looking to build up a rainy-day fund that you can access when necessary then an easy-access savings account may be more suitable.

The best easy-access savings account rate is 1.4% and currently offered by Chelsea Building Society, Gatehouse Bank and Yorkshire Building Society.

Check out our guide for a round up of this week’s best savings account rates for more information.

NB: The interest rates quoted were correct at the time of writing (9/01/2020) Savings rates fluctuate and are subject to change.

OneSite Article
4fa0ab4a-53c1-426c-bdc1-7a267d727428
Syndicate to OneSite
On
Queued for syndication
Off


Source Moneywise - 29 years of helping you with your finances https://ift.tt/2QA60B0

Drivers who enter the wrong number plate when parking will no longer be fined

Drivers who enter the wrong number plate when parking will no longer be fined

Drivers will not have to pay parking fines of up to £100 for entering their number plate incorrectly when buying a parking ticket 

Stephen Little Thu, 01/09/2020 - 11:30
Image

Motorists who accidentally enter the wrong number plate when buying parking tickets will no longer be fined under new rules.

The British Parking Association (BPA) – the trade body which represents parking operators - has revised its Code of Practice so that firms will have to cancel charges if one letter or number is incorrect.

Under the previous rules, a driver could be fined up to £100 if they incorrectly entered the wrong car details.

The BPA categorises a minor keying-in-error as one letter or number incorrect or letters and numbers in the wrong order. 

A major keying in error is one that has multiple number and letter keying errors, the first three digits only have been recorded or a completely incorrect registration number is used.

Drivers will still be required to challenge the fine, but under the new rules the penalty will be cancelled at the first stage of appeal.

The new rules also include a 10-minute grace period after a ticket has run out before operators can issue a fine.

There is concern that parking operators are becoming increasingly aggressive and that motorists are being unfairly punished for mistakes.

A growing number of parking operators require motorists to enter their number plate details on a pay-and-display machine or use mobile apps.

Analysis of government data by the RAC shows that an additional 2.05 million parking tickets were issued in 2018/19 compared with the previous year.

This means private parking companies are making up to £680 million from drivers a year.

Steve Clark, BPA head of business operation, says: "We recognise that genuine mistakes can occur, which may result in a parking charge being issued even when a motorist can demonstrate they paid for their parking.  In recognition of this we have further clarified the situation for all parties.

“Motorists will still need to appeal, but we expect our members to deal with them appropriately at the first appeal stage.”

According to the main appeals body Parking on Private Land Appeal (POPLA), 67,122 parking tickets were appealed between 1 October 2017 and 30 September 2018 - up 95% on the 12 months to 31 march 2015.

John Gallagher, lead adjudicator at POPLA, says: “The revised code will bring greater clarity for motorists and parking operators alike on issues such as simple keying errors and grace periods. The introduction of a section on keying errors, requiring parking operators to cancel Parking Charge Notices in certain circumstances and reduce the amount to only administration costs in others, is particularly welcome.

“This addition to the code means that, for the first time, POPLA will be able to make decisions on keying-in-errors without referral back to the operator."

The new rules came into force on 6 January, so fines prior to this date will not be affected.

What is a parking charge notice?

A parking charge notice is issued by a private company and is the result of parking incorrectly on private land or a car park.

It is different to a penalty charge notice, which is issued by a local authority for a parking infringement on public land.

How to appeal a parking ticket

Your first step should be to make an informal appeal.

If you think the parking charge notice is unfair you can contact the company or landowner to explain why you are disputing it.

Try to gather as much supporting evidence as possible. If the signs were not clear enough or the pay-and display was not working, make sure you get photos. A witness statement from someone who was with you would also be useful.

If you are unsure about what to put in a letter, Citizens Advice has a template you can use. 

Don’t pay a fine if you want to appeal. If you pay it this is seen as an admission of liability.

Make sure the parking company is a member of the Accredited Trade Association (ATA). If it is not, they probably won’t be able to find your details as only ATA members can get your name and address from the DVLA.

You can check to see if a parking operator is a member on the British Parking Association (BPA) or International Parking Community (IPC) websites.

If you are unhappy with the outcome you can make an independent appeal.

If the parking company is a BPA member you have 28 days to make a formal appeal through POPLA.

If it is an IPC member you can make an appeal through the Independent Appeals Service.

OneSite Article
ac3050bc-c0a3-46e7-a839-c7ae8137d1f1
Syndicate to OneSite
On
Queued for syndication
Off


Source Moneywise - 29 years of helping you with your finances https://ift.tt/36DUYjY