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الخميس، 30 يناير 2020

The Cheapest Tennessee Renters Insurance Companies 2020

Renters insurance provides peace of mind when you need it the most. If a fire, theft, flood, tornado or other covered event destroys your possessions, renters insurance provides financial relief to replace these items. Given the volatile weather Tennessee can face, this protection is vital for Tennessee renters.

There are several components that make up renters insurance policies. The first is the personal property aspect. This covers items in your apartment such as your clothes, computer, mattress and furniture under a covered event.

Then there’s the personal liability feature. With this, you receive protection if a guest incurs injury in your apartment and has medical expenses as a result. Your policy covers these bills so you don’t have to worry about financial loss in a lawsuit.

Lastly, there is a loss-of-use coverage component. This takes effect if you cannot live in your apartment due to fire, flood, or other event and have to pay for a hotel, additional expenses for food, even parking.

So, how much renter’s insurance do you need? This depends on the estimated value of your possessions and your landlord’s requirements (if they have any.) If you own more items, you might consider bumping up your personal liability amount.

Now that you know more about renter’s insurance, here are some of the best providers in the state.

Find the Best Renter Insurance

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

Best renters insurance companies in Tennessee

When searching for the best Tennessee renters insurance companies, compare a variety of factors such as the company’s reputation, its financial strength, how well it processes claims and customers’ overall satisfaction with a company. With this in mind, here are the top renter’s insurance providers in the state:

  • Allstate: Allstate is an excellent option for seniors and others who seek a reputable, inexpensive provider. Allstate has several discounts and coverage options to help you customize your plan.
  • Esurance: Esurance is a simple option for people who need basic coverage. It also has a few add-on options such as sewer or drain backup, replacement cost and earthquake coverage.
  • Nationwide: Nationwide made the list thanks to its outstanding reputation for being “on your side.” Renters insurance through this company is affordable.
  • State Farm: State Farm charted a similar course. The provider earned a five out of five with J.D. Power, showing a high-level of satisfaction among all its customers. State Farm also provides some of the cheapest rates for renters insurance. You could pay less than $15 monthly (depending on how much coverage you require.)
  • USAA: USAA continues to be the best for military families, as the company offers unparalleled service, excellent rates and a wide selection of policy choices.
J.D. Power rating AM Best rating BBB rating
Allstate 2 out of 5 A+ A+
Esurance Not rated A+ A-
Nationwide 2 out of 5 A+ A+
State Farm 5 out of 5 A++ A+
USAA 5 out of 5 A++ Not rated

As you can imagine, insurance needs vary based on age groups. With this in mind, here are some of the best renters insurance companies for certain people.

The best Tennessee renters insurance for college students: Esurance

Esurance is a no-frills option that helps you fulfill your landlord requirements. It offers some of the cheapest policies for renters insurance with monthly costs averaging $15.

The best Tennessee renters insurance for customer service reputation: State Farm

If you want to go with a provider that has an outstanding reputation, State Farm is an excellent fit for you. It earned top marks in the J.D. Power customer satisfaction survey. In fact, State Farm is one of the only providers who earned five out of five stars. It also offers affordable rates, especially if you bundle multiple policies with the provider.

The best Tennessee renters insurance for seniors: Allstate or USAA

This is a tie between Allstate and USAA. If you or a family member have been in the military, there’s no better option than USAA. It’s among the least expensive providers on all things insurance, and the customer service is exceptional. Meanwhile, Allstate has an excellent reputation (it earns an A+ rating with the Better Business Bureau), and it offers some of the lowest rates for seniors (depending on where you live and how much personal property coverage you require.)

Frequently asked questions

How much renters insurance do I need in Tennessee?

How much insurance you needs depends on how much coverage you need for personal property and any requirements your landlord imposes Most policies come with $100,000 of protection for the dwelling and $10-$15,000 in personal property, but you might want to opt for more if you have expensive equipment such as cameras, computers or collectibles.

What’s the best renters insurance company in Tennessee?

State Farm is a smart option to choose because it has the highest customer satisfaction rating, according to J.D. Power. It also offers generous discounts if you bundle your renters insurance with other policies (auto, life, etc.) from State Farm. That said, because people have different insurance needs, you might find that a different option is the best company for your circumstances.

What do you look for in a renters insurance company?

Some of the factors you want to examine are the provider’s reputation, customer satisfaction and financial strength. You can research the company’s reputation through the Better Business Bureau, which assigns a grade based in part on how well a provider resolves customer issues. J.D. Power’s customer satisfaction survey is a great resource to use to learn more about customer reviews, while a provider’s AM Best rating indicates the financial strength of the company and its ability to pay out claims.

How do you file a claim?

Many insurance providers allow you to file claims through its website or app. You have to register online to set up an account (this normally takes 3-5 minutes) or you can call the customer service number and choose the prompt to begin your claim.

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Assurant Renters Insurance Review 2020

Assurant renters insurance comes with two types of coverage: personal property coverage and personal liability coverage. It also offers extra protection from pet damage, identity fraud expense, earthquakes (only in Washington State and California) and involuntary unemployment if you lose your job.

Assurant is known for below-average customer service, and there aren’t many discounts available, like from some of its competitors. That said, if you have car insurance through Geico, you can bundle your Geico policy with your Assurant renters insurance and get a 3% discount on your car insurance policy. Still, your monthly premium on your car insurance would need to be over $400 for this discount to offset the price you’ll pay for your Assurant policy.

Find the Best Renter Insurance

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

Price Rates include:
$12.67/month;
$50,000 liability; $250 deductible

$13.00/month;
$100,000 liability

$14.34/month;
$300,000 liability

Replacement cost is included in quotes. You can pay monthly, quarterly or annually (best
value). For more specific details, get a quote from Assurant.

Best for Someone who wants specialty coverage
Not for Someone who picks insurance based on customer reviews
States served All 50 states and Washington, DC
Discounts Multi-policy
AM Best Rating A
Standout features Long list of specialty coverages
  

The specs

Assurant offers two renters insurance policies: “Protect your belongings” or “Just cover the basics.” Pricing below is based on coverage for an apartment in California with specialized coverage for an earthquake.

The claim

Assurant makes a few standout statements concerning its renters insurance.

You can add your roommate to your policy. That way, you share the cost of your coverage for personal belongings and liability.

Assurant includes several types of coverage that you’d probably pay extra for, and it also offers options you won’t usually find from competitors.

Is it true?

1. Yes. Your roommates are covered by Assurant renters insurance at no additional cost. The Better Business Bureau (BBB) gives Assurant Group an A+ rating.

2. Yes. Assurant renters insurance includes coverage for:

  • Fire
  • Theft
  • Smoke
  • Aircraft
  • Vehicles
  • Lightning
  • Freezing
  • Explosion
  • Vandalism
  • Pipe bursts
  • Power surge
  • Windstorm or hail
  • Riot or civil commotion
  • Volcanic eruption
  • Ice, snow or sleet
  • Cracked AC, water or heating system
  • Earthquakes
  • Pet damage
  • Food spoilage
  • Bed bugs
  • Floods
  • Falling objects

Competitors don’t always consider some of these items.

Our deep dive

Because Assurant’s focus is on rental insurance rather than all other insurance, it can offer inviting optional coverages that few other insurance carriers provide. It also has low deductible plans that are also somewhat uncommon.

Assurant’s renters insurance coverage is in line with competing companies with a few notable add-ons, and it also gives you the flexibility to customize the limits of your policy.

Assurant renters insurance protects your belongings from a standard set of perils:

  • Theft
  • Smoke
  • Burst pipes
  • Explosions
  • Fire and lightning
  • Windstorm and hail
  • Vandalism and malicious mischief

Also, renters can supplement their policy with optional coverages for an additional fee:

  • Replacement cost coverage that will pay for the full replacement cost of an item.
  • Sewer backups that cover damage to your property as a result of a clogged sewer or drain.
  • Pet damage coverage to repair or replace any items your furry friend damages
  • Rent insurance in case you lose your job and can’t pay your rent for a month or more.
  • Identity fraud coverage that will pay all costs you incur as a result of identity theft or fraud.
  • Earthquake coverage that pays for damage to your property (only available in Washington State and California).

Cost rundown

Assurant renters insurance has lower-than average deductible options, ranging from $250 to $500. The coverages come with options between $5,000 and $95,000, which are equally as flexible. Renters can get personal liability coverage for up to $300,000. Renters who choose to take advantage of Assurant’s unemployment insurance option can receive a maximum of $500 a month for up to two months.

The main discounts you get with Assurant is through the payment plan you choose. But you will get the best rate by paying for your coverage in full, making four quarterly payments or bundling with your Geico car insurance policy.

Cheaper alternatives

When compared to other companies that offer renters insurance, Assurant was consistently higher. For example, this are rates for coverage for a single 32-year old female, living in an apartment in Chicago with one pet.

Allstate Assurant State Farm
Deductible $500 $500 $500
Coverage 30,000 30,000 30,000
Yearly cost $212 $307 $136

Both State Farm and Allstate offer a discount to bundle your renters and your car insurance policies. Assurant offers a discount if you bundle your Geico car insurance with your renters insurance.

The competition

Both State Farm and Allstate are competitors of Assurant, and both offer lower rates for the same coverage as Assurant. Lemonade also provides renters insurance for as little as $5 per month. Assurant does offer a deductible as low as $100. The lowest deductible offered by Lemonade is $250. 

State Farm’s lowest deductible is $1,000. A low deductible provides a few advantages to renters. First, if you make a claim, you typically get a bigger check. For instance, if you had a fire in your apartment and you lose $3000 worth of your belongings, Assurant will pay you $2,900, whereas State Farm will only pay $2,000.

Discounts can also add up. Like all three insurance carriers, American Family offers one of the highest discounts on renters insurance–30% if you bundle your policy with other insurance plans from the company.

J.D. Power & Associates gives State Farm five stars for overall satisfaction, policy offerings, price, the billing process and interaction. It gives Allstate two stars for overall satisfaction, cost, billing process and interaction, three stars for policy offerings and five stars for claims. American Family gets five stars across the board, as does USAA insurance. Assurant isn’t listed.

AM gives Assurant it’s Best “A” rating for an insurer’s ability to meet its financial obligations to its customers.

What others are saying

For customer service, Assurant has mixed reviews for making a claim or contacting a provider. Renters also said they had trouble canceling a policy, which can’t be done online. According to Consumer Affairs, Assurant renters insurance has an overall satisfaction rating of 1 ½ stars based on 112 ratings submitted in the last year.

On the Better Business Bureau, Assurant receives 1 star based on 114 customer reviews.

The bottom line

Assurant has affordable basic and add-on coverage in all 50 states and Washington, DC. It offers a usable and comprehensive website with a great deal of information. Coverage and pricing meet most every renters needs with specialty coverage available for a price. Assurant doesn’t offer any discounts other than the small discount for bundling your renters insurance with Geico car insurance. Compared to the 30% discount given by American Family, the 3% bundling discount is small.

Assurant also falls short when it comes to pleasing its customers, with more complaints than praises across the board. It’s also more expensive than the companies we compared. But if you want extra coverage in case your pet eats your sofa or unemployment protection in case you lose your job, Assurant can help, whereas its competitors may leave you hanging.

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Bank of England keeps rates on hold but cuts growth forecasts

Bank of England keeps rates on hold but cuts growth forecasts

The Bank has warned that it could still cut rates later in the year if the economy does not pick up

Stephen Little Thu, 01/30/2020 - 14:36
Image

The Bank of England has decided to keep interest rates on hold at 0.75% but cut its growth forecasts for the economy.

In Mark Carney’s last meeting as governor, members of the Bank’s Monetary Policy Committee voted 7-2 to keep interest rates at their current level.

The Bank says that as Britain’s economy has picked up since the election and that global growth had stabilised it saw no need to cut the interest rate.

There had been mounting speculation that the Bank would cut the rate to 0.5% following sluggish growth and the drop in inflation last month.

UK GDP growth is currently at 0.2% after slowing last year due to weaker global growth and Brexit uncertainty.

In response, the Bank has revised its growth forecast for this year from 1.2% to 0.8%.

Inflation stood at 1.3% in December and the Bank expects the rate to remain below the 2% target throughout the year.

While the decision will bring some relief to savers who have seen rates tumble over the past decade, they are not out of the woods yet as the Bank has warned that it may cut interest rates if growth does not improve.

The Bank says: “With the risk of a no-deal Brexit falling recently, we expect the uncertainty facing households and businesses to fall. We also expect global growth to recover gradually. These developments should help growth here in the UK.

“If that does not happen, then we may need to lower interest rates to support UK growth and ensure that we return inflation to our 2% target sustainably.”

However, the Bank says that if the economy recovers and inflation starts rising, interest rates should go up eventually.

The Bank says: “If the economy develops as we expect, then upward pressure on prices should build gradually over the next few years. In that case, we think a modest increase in interest rates is likely to be needed to keep inflation at our 2% target.”

Reprieve

A cut in the Bank rate would have made things even worse for savers who have seen savings rates slowly eroded in the past year.

When the base rate falls, high street banks often pass this on to customers with cheaper loans or by cutting rates on savings accounts.

So while a drop in interest rates is often good news for mortgage borrowers, the opposite is true for savers.

Since the base rate was increased to 0.75% in August 2018, there have been over 1,000 cuts to existing variable savings accounts.

Anna Bowes, co-founder of Savings Champion, says today's reprieve is unlikely to keep savers immune from further cuts to their savings accounts.

She says: “Savers need to take matters into their own hands and find the very best rates available to earn as much interest as they can on their hard-earned savings. Leaving money to languish in a high street bank is the worst thing you can do, as they pay some of the worst rates available.

“For example, HSBC and Lloyds are paying just 0.10% on their easy access accounts, whereas Marcus is paying 1.35% AER. On a balance of £50,000, that is the difference of earning either £50 gross per year or £675 – but with the same access.”

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Florida Car Wrap Pays for This Uber Driver’s Gas (and Coffee)

In the fall of 2019, Ciprian “Chip” Adams, pulled his 2015 Toyota RAV4 over to the side of the road. Blue and red lights flashed behind.

It was nighttime. His headlight was out.

Instead of approaching the driver’s side window, an officer circled Adams’ silver SUV and inspected the decals along all four doors. An ad featuring a stern but approachable local lawyer smiled back.

“How about I give you a warning this time,” the officer told Adams. 

“I’ve never [gotten] pulled over without getting a ticket,” Adams said with a laugh. “I’m assuming the cop thought I was either involved [with] or working for the lawyer.”

But he wasn’t. Adams, a 42-year-old Florida resident, works for himself. And that car wrap ad is one of his many moneymakers.

A Gaggle of Gigs

Emigrating from Romania in the ‘90s, the classically trained violinist had trouble finding work. The job market is tough for immigrants and musicians – and especially so for immigrant-musicians.

“Of course, I couldn’t find any work in that area,” he quipped, so he got into DJing.

Adams dotted the country, first in the Pacific Northwest and then in south and southwest Florida.

“I’m also a realtor here in Fort Myers. I’ve been doing that for about five years,” he said. “I couldn’t support myself just doing one thing, you know?”

For realty work, Adams drives all around the area to meet clients and show residential properties. Same story for his DJing gigs. After shows, he’d be far from home. That extra traveling would eat into his earnings.

So he started driving for Uber to fill in his downtime and to take fares going back toward Fort Myers. He joined Lyft for the same reason.

“I have some time in between, where I’d really hate to just be sitting on the couch,” he said.

Over the years, Adams has become a master at blending all of his gigs together. He incorporates them into his day-to-day schedule: Wake up. Fill out some realty paperwork. Call some clients. Show a property or two. Pick up a passenger. Trace his way back home. Repeat. 

When the timing is right during a fare, Adams pitches his realtor and/or DJing services. And on the weekends, when he’s far from home after DJing a set, he’ll chat up people from the crowd and offer them an Uber ride.

“Usually it works out. I’ve picked up exactly who I wanted to,” he said. “I knew they were going in my direction. I didn’t have to go out of the way.”

Even though he effectively monetized his commute and downtime, he was still hemorrhaging gas money. But he found a way to cover that, too. 

A Legit Car Wrap Was a ‘No-Brainer’

A driver for Uber and Lyft stands outside his car, which has an advertising wrap on the side doors.

Adams drives a lot.

He bought his Toyota brand new in 2015 and has racked up more than 160,000 miles. That’s 32,000-plus miles per year. For reference, the average American drives about 13,400 miles a year, according to the U.S. Department of Transportation.

Early on as a rideshare driver, Adams says car wrap companies caught his eye as a way to subsidize his gas costs. But the more he looked into them, the sketchier they seemed.

“When I reached out to them… it was really fishy,” he said. “You had to pay for the sign. It wasn’t really specific on how you were going to get paid.”

And when he researched online, “bad reviews were all over the place,” he said. “Too many unanswered questions, really.” 

Beware of Car Wrap Scams

According to the Federal Trade Commission, car wrap scams are a prevalent problem. The companies Adams described may have been running a scheme where drivers purchase and install the ads themselves and then the company ghosts them. Basically, they get free advertising and a few bucks from the decal purchase — without ever paying the driver.

Another common and more malicious scheme the FTC describes is a “fake check” car wrap scam, where a company tells you to front a costly ad installation, then they send you a fake check as reimbursement, and – oops – they overpay you and ask you to send them back the difference. Then, days later, the original check bounces and you’re out the money from the installation and the money you sent them for overpayment.

Pro Tip

The FTC warns: “Never send money back to someone who sent you a check.”

Making $250 a Month for ‘No Extra Work’

What renewed Adams interest in car wraps was a company he was already familiar with from his time in St. Petersburg, Florida. 

Nickelytics used to be a free transportation service in downtown areas of southwest Florida. Under its old business model, rides were free for passengers. The ads on the vehicles subsidized the cost. In July 2019, the company pivoted to a business model that wraps rideshare drivers’ vehicles instead of their own, so long as drivers log about 30 miles per day. 

For Adams, that number was not going to be a problem, and he was relieved to not be asked to foot any of the car wrap costs. Another good sign was that the company was responsive and explained everything up front.

“Anytime you, as a driver, need to pay out of pocket, it is a scam,” said Nickelytics co-founder and CEO Judah Longgrear. “Nickelytics has zero out-of-pocket cost to the driver.”

Adams says that, after he reached out and expressed interest in Nickelytics’ new business direction, the setup process was straightforward. Nickelytics confirmed how many miles he typically drives through Uber and Lyft logs, and paired him with a local advertiser, which ended up being an attorney’s office. Then he was invited to their shop for the installation.

“In less than 30 minutes or so, the car was done,” Adams said. “They told me not to wash it for a week, and I was on my way.”

A month later, his first $250 direct deposit came in, and ever since, those funds have more than covered his gas expenses – “even a couple of Starbucks coffees,” he said.

For now, Nickelytics operates in only a few cities, and mainly in Florida:

  • Tampa, Florida
  • St. Petersburg, Florida
  • Fort Myers, Florida
  • Cape Coral, Florida
  • Naples, Florida
  • Denver, Colorado
  • New Orleans, Louisiana
  • Portland, Maine

But Longgrear says he plans to expand to over 20 major cities by the end of 2020.

Pro Tip

Live outside those areas? There are similar services available in other regions. Just make sure the car wrap company is legit. Be wary of any upfront costs and check schemes.

Adams understands how much of a pain gas costs can be for rideshare drivers. When he uses Uber and Lyft as a passenger, he likes to tell drivers about his set-up and recommend they get a car wrap, too.

“Uber and Lyft are already operating on razor-thin margins for the drivers. They’re using somebody else’s time and car,” he said. “Anything you can do to make a little bit more money… It’s a no brainer.”

For full-time drivers, he says a car wrap can offset gas expenses entirely, and “if you’re a part-time driver, it’s probably going to cover your gas twice over.”

Not all wraps are for lawyer’s offices. What he can’t guarantee, unfortunately, is that one will get you out of a ticket.

Adam Hardy is a staff writer at The Penny Hoarder. He covers the gig economy, entrepreneurship and unique ways to make money. 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.



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Stop Using Your Debit Card Already

When it comes to paying for things, most people still grab their wallets and pull out a debit card. However, mobile pay apps like Apple Pay, Google Pay and bank-specific apps are significantly more secure. Since your credit and debit card information is encrypted in the app, mobile pay significantly decreases your odds of debit and credit card fraud. But while Millennials and Gen-Z have been quick to adopt the use of virtual wallets, other groups have been slower to embrace the trend.

“Peer-to-peer payments are taking root in the U.S. market; however, adoption tends to be stratified based on age group. According to PSCU, roughly six in 10 Millennial and Gen-Z consumers in the U.S. report using a mobile wallet or a P2P payments platform,” said international entrepreneur, speaker, author and fintech thought leader Monica Eaton-Cardone. “Among those, about half say they use it regularly. Institutional change has been slow going, though, due to older legacy infrastructure.”

The lag in consumer use has caused some virtual payment apps to shutter, including the Chase Pay mobile app, which JPMorgan Chase plans to discontinue in February 2020. But virtual wallets are easier and safer to use than debit cards, and there are a ton of other benefits to adopting this type of technology.

Why use a virtual wallet instead of your debit card?

1. Virtual wallets are more secure.

“Mobile payment apps like Apple Pay offer significant security advantages over typical card payments,” Eaton-Cardone explained. “They use the same tokenization technology as EMV chip cards, meaning you can take advantage of the same level of security in eCommerce transactions as you have in brick-and-mortar. Plus, they typically offer two-factor authentication; you must first unlock the device, using a passcode or biometric scan. After unlocking the device, you need to provide a secondary form of authentication to authorize a payment.”

Is there still some risk with this type of payment? Sure, but that’s going to be the case with any type of payment. “While mobile wallets are more secure than standard card-not-present transactions, no technology is perfect. With a P2P app like Venmo, for instance, it’s still possible for a fraudster to take over your account. Alternately, bad actors could take over the account of another user you trust, then trick you into sending them money,” Eaton-Cardone said. “I would strictly advise consumers to never use these apps on a public or unsecured WiFi connection. No matter how safe they may be, there’s always the possibility of any information you transmit via public WiFi being intercepted.”

2. You’re protected against fraud, which isn’t always the case with P2P apps.

The fear of fraud may have deterred consumers from using a virtual wallet in the past, but virtual pay apps use the same protections as a physical credit card. If someone steals your information from your virtual pay app and uses it, you aren’t responsible for the charges.

“While I understand people are always apprehensive about new and unfamiliar tech, they really have nothing to fear from digital payments platforms, so long as they abide by best practices. When it comes to fraud, mobile wallets are essentially treated as extensions of whichever card is connected to the device. For instance, if you experience fraud while using Apple Pay, then the fraud protections specified by law would apply, as would those offered by the bank that issued the card connected to your wallet,” Eaton-Cardone said.

You won’t have that same fraud protection with some peer-to-peer payment apps like Venmo, though. “With most P2P apps, those protections are much sparser. U.S. law guarantees consumers the right to request a chargeback to recover fraud losses, and also imposes limits on cardholder liability. P2P apps like Venmo, though, are more analogous to a wire transfer; there’s no guarantee of chargeback rights in these cases,” Eaton-Cardone said.

3. Virtual payments are simple to use — no wallet required.

What’s easier than clicking a button on your phone and aiming toward a point-of-sale station? Nothing, really. Cash transactions require you to carry enough money with you to cover all your purchases, plus you’ll have to deal with all of the other annoyances that come with cash transactions, including a pocket full of change. Credit cards are easy to be used, but scammers can swipe them without you realizing it to steal your information.

Virtual payments, on the other hand, don’t require that you have anything in hand but your phone — which we all know is the case no matter what you’re paying with. The transactions are smooth each and every time, plus most virtual payment apps allow you space to store several credit cards at once, which means you won’t be stuck using the same card over and over for each transaction.

4. They’re accepted all over the place.

Target, Starbucks, Walmart and most other big-box retailers — as well as most online shopping platforms, apps, vending machines and even taxis — offer the option to pay with a virtual payment app. Apple Pay alone is accepted at millions of businesses, and that number only increases as time goes on. That’s not just the case in the U.S., either. Plenty of other countries have embraced virtual payment technology even faster than the U.S., including China, Japan, Canada and most of Europe.

“Europe’s embrace of P2P payments is directly related to their widespread adoption of instantaneous payments. While the U.S. is taking steps toward a modernized payments system — the FedNow Service, for instance, which may go live as early as 2023 — we still have a long way to go,” said Eaton-Cardone.

The bottom line

Virtual wallets and payment apps are a secure, simple way to use your credit and debit cards to pay for things without ever pulling out a physical card. Still, while virtual wallets can be a great way to safely pay for goods and services, Eaton-Cardone said it’s important to take the same precautions as you would with any other form of payment.

“I mentioned avoiding public WiFi connections to transmit sensitive data at all times, but you should also take advantage of other fraud prevention mechanisms at your disposal. You should use two-factor authentication to protect your accounts wherever offered, as is the case with Apple Pay and other mobile wallets. Also, learn the typical warning signs of a phishing scam; this is a tactic by which fraudsters try to trick consumers into handing over their information, usually by imitating a trusted site or user,” she said.

Lastly, remember to abide by basic best practices for protection against credit card fraud. For instance, you’re entitled to a free credit report from each of the three main credit bureaus every year. Take advantage of them, and monitor your credit for suspicious activity. Only provide your information to trusted sites, and watch for other potential signs of fraud.

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10 Effective Strategies for Balancing Workplace Relationships and Professional Productivity

Working in a professional environment, particularly any environment that requires any level of teamwork or collaboration, offers a pretty challenging balancing act for everyone involved.

On one hand, you need to establish good relationships with your coworkers. Having good relationships with the people you’re working with when you’re going to need to rely on them sometimes is absolutely vital. If you have good relationships with your coworkers, not only will the time spent with them be more enjoyable, they’re also more likely to provide useful help when you need it. They may even help you find other work in the future.

On the other hand, you also have a lot of work responsibilities on your plate, and the more time you spend on anything at work outside of those work responsibilities means either more time you’re going to spend at work period or less you’re going to get done, which isn’t exactly going to make your boss happy. In order to keep your job, you have to be productive in your own tasks.

Those two forces work against each other because they’re often demanding the same pool of hours. Building good workplace relationships takes time, but so do your work tasks, and simply adding hours onto your workday isn’t exactly appealing to anyone.

How does an employee find a healthy balance between the two?

I spent years working in an office environment with a small team and this issue was a big one. We wanted to have a strong team with good relationships, but at the same time, we had a constant stream of tasks to take care of. Once the team was firmly established, our team had zero turnover over five years, only growing in size during those years, and we received high marks on every project review. When I left, it was honestly the people that I missed the most.

How did we make that balance work for us? With 10 key strategies for maintaining good workplace relationships while getting the job done.

1. Establish clear, uninterrupted “focused work” periods, and do truly focused work during those periods.

If there’s one tip I can suggest for balancing individual and team demands at work, it’s this one. Simply establish some periods at work where you drill down into your most difficult tasks without interruption or distraction.

In our office environment, we usually devoted a large block of time each morning to those kinds of tasks. From about 8 a.m. to noon each day, excluding any days with meetings, we were all focused on getting through our individual tasks. We’d literally each put on headphones, stick a “do not disturb” note on our cubicle or office door, and get down to business for several hours.

During those periods, we aimed to minimize distraction, both for ourselves and for others nearby. Phones were turned off or set to go directly to voicemail. Music was played through headphones. Email programs were turned off, only to be checked perhaps once an hour to make sure nothing extremely urgent was happening.

If you’re in an office where different people have different routines, just simply stick a note upon your cubicle that says “Focusing on some tasks; come back at X:XX” that identifies when you’re going to be done. Close all programs that might distract you, turn off your cell phone and bear down on meaningful deep work.

This can work even in non-office environments. Just tell your coworkers that you’re going to bear down on a certain task until it’s done and to just let you go at it so that it’s done. Save socializing and disruption until you’re done with it.

2. Be proactive when your coworkers are struggling.

Pay attention to the coworkers you have that you interact with the most and simply look for signs that they might be struggling. Does everyone seem healthy and happy? Does anyone seem like they’re not feeling well? Struggling with overwork? Sick?

Just take a minute once or twice a day and consider each of them. If they’re doing good, good. If it seems like something’s off, just head over and make sure they’re doing OK. Ask them if they’re feeling OK, if they’ve got too much on their plate or if they’re struggling with something.

Even if they don’t tell you anything, that’s OK — simply asking about it indicates that you care about them and are paying attention to them, which is often more than enough. Sometimes, people will dump a lot on you, and if that’s the case, just follow strategy No. 10.

Most importantly, if they’re struggling with something you can trivially fix, do so. If you have someone in your workplace struggling with something that you can fix or at least help in a couple of minutes, just fix it without question. Jump in, do it, and move on. Save hesitance and saying “no” for major things. The truth is, stepping up and helping with little things often makes a huge difference for people and it will virtually always make that relationship a stronger and more positive one, which is incredibly valuable when you need that help.

3. When conversing about work, consciously focus on shared challenges and shared interests rather than your personal ones.

Here’s the truth: your coworkers largely don’t care about the specifics of the things you’re dealing with. The polite ones will definitely listen and empathize, but unless your relationship is deep and your issues are far out of the ordinary, it’s not going to have a deep impact on them.

Recognize that and focus your talk on things that might have an overlapping concern. Workplace issues that you’re both dealing with can be a good place to start, but stick to more positive things and do all you can to avoid “backstabbing” and gossip. You can also throw out feelers to get a sense of what interests you share with coworkers because finding things you mutually care about gives you something to converse and connect over.

That doesn’t mean you shouldn’t ever mention your life or your individual concerns, but save it for the exceptional things. You’re much more likely to garner interest and connection if you don’t devote time and energy to sharing ordinary things and instead save it for when you have exceptional things to share, good and bad.

Our office conversations thrived because we found things that many of us had in common and talked about those a lot, and we tried to find at least one or two areas that would include everyone. Outside of professional issues in our field, our conversations centered around local politics, country and Americana music, video games, tabletop games, basketball, cooking, and literature. Literally everyone in our office had at least some significant interest in at least two of those areas, so it was easy for everyone to converse and there was a range of topics.

4. Greet your coworkers when you see them.

This is such a simple step, but it makes an enormous difference. If you see a coworker for the first time in a day, particularly near the start of the day, just say hello or at least give them an affirmative nod of the head if you’re already focused on something.

It’s such a simple gesture, something that takes less than a second but manages to make people feel acknowledged and welcome, yet I’ve seen workplaces where this just doesn’t happen.

Just make this into a habit. It’ll build relationships and camaraderie with almost no effort at all.

5. Ask for help when you’re struggling, but do it the right way.

The longest-tenured member of my team and I were both “stiff upper lip” kind of people. We preferred to figure out problems on our own and would rarely ask for help. When we did ask each other for help, the first question we’d always ask each other is, “What have you tried?” Over time, it became an expectation that the other person would have at least a couple of good answers for this.

If you need help, take it upon yourself to answer the “what have you tried?” question before asking. Try something. Go use Google and see if you can figure out some approaches. Read through any documentation you might have. Do those things with genuine effort to try to figure things out on your own. Even if those don’t contain any answer, the simple fact that you at least looked for answers is often enough.

Then, when you ask for help, you can spell out a few things you’ve already done without having to ask, and when you do that, people are much more likely to help you. Why? First, they know you’ve already tried a few obvious things, so those ideas can be skipped, but also, and perhaps more importantly, you’re showing that you’ve already put in some work yourself. People appreciate effort.

Don’t hesitate to ask people for help when you’re struggling, but make at least some degree of real effort to solve the problem yourself before asking. You’ll find that if you do this, people will gladly help, and in doing so you’ll likely cement your relationship with them while also solving a problem.

6. Whenever you present your work, dish out lots of credit to your coworkers and make their contributions sound as big as reasonable.

If you ever have to present your work, either in a formal presentation with slides or by simply talking about it in a meeting, dole out as much credit as you can to the other people on your team and anyone else that helped produce a positive result.

Here’s why: when you’re presenting something or answering questions, the assumption is already there that you’ve contributed. Sharing credit not only doesn’t eliminate that assumption, but it also makes you appear humble and also gives some positive shine to others.

What do you do if the question is negative or you’re presenting a bad report? In those situations, put the responsibility straight on yourself. Don’t dish it off to coworkers, even if they’re not doing things well. Again, the person asking the questions likely already knows that you’re not fully to blame, so tossing other coworkers under the bus usually just looks like you’re willing to trash the team to save your own neck – not a good look. Answer truthfully if people ask pointed questions, of course, but lay off the blame game otherwise.

Make this your normal mode of operation and you’ll find that others in the workplace appreciate you and trust you more, including your supervisors. Doing this requires no additional effort, but it certainly builds and strengthens relationships and respect.

7. Never eat alone.

If you’re going to eat lunch at work, don’t eat alone. Don’t sit at your desk staring at a screen or looking at your phone and especially don’t go out for lunch by yourself. Rather, use the distraction that a meal provides as an opportunity to build relationships with people and collaboratively solve problems.

This doesn’t mean you have to go out for lunch every day. Bring your lunch from home sometimes (or most of the time) and eat with others who stick around the office. Look for other “brown baggers” and invite them to eat with you in a break room or even together in a cubicle or office if necessary.

The reason is that you’re not going to be fully productive while engaged in the act of eating. You can’t fully use your hands, your food is absorbing at least a little attention, and you probably can’t carry on a good phone conversation either. It’s just a great situation to build those workplace relationships without any real cost in terms of actual work productivity.

8. Keep track of major days for your coworkers.

This was a trick I learned from someone I respected deeply. She told me that when someone new joined her team, she’d find out their birthday and add it to her calendar. Then, as she got to know them, she figured out something that they enjoyed — coffee, chocolate, beef jerky or something like that, usually an edible item. She’d add that to that calendar entry. Then, she’d have that calendar entry set off an alert a few days in advance, and she’d pick up a small item along the lines of what they liked and pair it with a blank greeting card. On that card, in her own handwriting, she’d write “Happy birthday! So glad to have you around!” or something like that, sign it and stick it on their desk when they weren’t there along with the small item.

She didn’t make their birthday a big event of any kind. She played it low key, because she knew that some people didn’t want to be noticed in that way.

I started doing this with people I served with and I was astounded as to how much impact it made on them. It was so easy to do it, too, but it really connected with all kinds of people. Just make a list of the people you work most closely with, add their birthdays to Google Calendar (and have it email you a few days in advance), and when you figure out something small they like, add it to that appointment so you’re reminded. It costs maybe $5 or $10, but it can have an extremely positive impact on the recipient.

9. Save trivial tasks for “multitasking” sessions.

As I mentioned earlier, we usually had blocks of “focused work” in the mornings. In the afternoons, however, we did things much differently. Those were times for “busy work” — smaller, less important tasks that could easily be interrupted and could even be multitasked.

I’d use afternoons for going through email, improving documentation, getting things set up for tomorrow morning’s focused work session, sending out any emails that needed to be sent, and so on. It was also time that I’d use to take care of things for coworkers and also have conversations about ongoing projects.

A lot of those things could easily be multitasked. I could fire off several emails, do some documentation while waiting for responses, and deal with them as they came in. I could stop any of that to have a chat with a coworker as needed, too.

By separating the “focus” work from the more trivial “multitasking” work, I made it so that I could easily be interrupted during part of the workday without really interrupting any major tasks. This made interruptions and conversations with coworkers and helping people with other problems much less of a hassle.

10. Listen, keep track of what they tell you and pay it forward.

If you want to build a positive relationship with someone, the single most effective thing you can do is listen to them. When they’re talking, shut your mouth and put your focus on what they’re saying, not your own internal monologue. Ask questions and really dig in so that you understand what they’re saying.

Not only will people feel appreciated by this, but you’ll also learn a lot from doing so. You’ll learn what their concerns are and what’s important to them, and that’s incredibly valuable.

Perhaps even more important, you’ll sometimes pick up on information or concerns that you can easily fix. Remember, as I noted earlier, if there’s something helpful you can do in just a few minutes, just do it. You can often learn about really helpful things just by listening.

I’ll give you a perfect example of this. Once, I had a coworker who seemed to have constant headaches. He’d come in early in the day seeming fine, but by the early afternoon, his head would be pounding. He would take several ibuprofen just to get through the day.

I didn’t know about this until he told me about it and, after asking some questions, I ended up figuring out the culprit. Another worker at a desk next to his would turn on a lamp when she arrived usually around 9:30, after the other worker had been there for a while. Lo and behold, his headache would start kicking in mid-morning. The bulb in that lamp emitted a really high pitched sound. I could hear it, but it didn’t give me a headache; no one else seemed to be able to hear it at all. Was it causing his headache?

I went and asked the janitor for a replacement bulb for the lamp and swapped them out myself when she wasn’t around. The new bulb didn’t make a peep and his headache went away.

I figured this out by just listening to him for a bit and asking a few questions, rather than zoning him out. Not only did he feel like I really cared about him, I made his life better and made him more productive and he was much more open to helping me out in the future.

Listen. Pay attention. Follow up.

Don’t sweat the small stuff.

Every office is different. Sometimes, these steps will make a huge difference, causing you to be far more productive without hurting relationships, or building up your relationships with surprisingly little effort. Sometimes, they won’t move the needle at all. These are simply steps that worked well for me in terms of achieving a good balance, or things I observed others doing that seemed to help.

That’s OK. Don’t sweat it. In fact, don’t sweat any of the small stuff. Just remember that there’s a lot of value in getting your work done efficiently and a lot of value in maintaining great relationships with everyone at work, and by using some smarts, you can pull off both.

Good luck!

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