4 Airline Tips To Live Your Best Travel Life

Maximize your money while traveling by following these four airline tips the next time you book a flight!

SHOP WITHOUT TAX

It’s always a blessing to acquire your favorite perfumes or purses without having to think about the tax attached to it. Try heading to the airport’s duty-free store to enjoy purchasing items without tax. Do this if you want to dispose your leftover foreign currency when traveling internationally.

Without a doubt, prices for certain goods vary by country and airport. This is why you must maximize your savings by doing a price comparison thru the Duty-Free Addict site!

EARN EXTRA MONEY

Many Singaporeans are not aware of the possibility of qualifying for compensation when experiencing flight delay. You read that right! There are certain situations that enable you to get some cash or other benefits. While weather delays or air traffic control issues will not get you any compensation, losing your luggage can get you some cash from the airline company.

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An app called AirHelp can track flight delays and uncover ways to get you compensation. It proclaims to give about US$700 to help both domestic and international passengers.

COMPARE ALL PRICES

When it comes to maximizing your dollar, it pays to shop around. The advancement of technology led to the development of helpful travel apps like Hipmunk.

Hipmunk compares deals on flights, hotels, and cars from several travel websites and airline companies. It gives you all the necessary information to get you started on your journey.

READ THE FINE PRINT

Before you embark on your relaxing holiday, take a few minutes to read the fine print attached on your airline ticket or vehicle rental contract. You will be glad you read any contract the travel industry lays out in front of you. For instance, an airline may not require to keep its flight schedule and you are still expected to check in on time. Read all the important details such as cancellation and refund policies.

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In most times, you are left with the “adhesion contract” whereby you cannot travel without clicking the “accept” button. Take it or leave it!

Sources: 1 & 2

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Save Time And Money By Following These Food Hacks

As much as we want to prepare delicious and healthy meals for our entire family, doing so can be a quite a chore!

This is why some of us opt to order in or to eat out. However, this can lead to an increased spending and to an unhealthy lifestyle. The solution is to find ways to save yourself money and time while prepping your meals. Start with these simple food hacks:

#1: EGGSPIRED

Equipped with a shopping list in one hand, I enjoy my weekly trips to the grocery. Egg is among the items that will always be present on the list. For many of us, it is difficult to tell whether a set of eggs is expired. When this happens, you either throw out edible eggs or take the risk of eating expired ones. Avoid these situations by following a simple trick:

Put your eggs in a bowl of water. The expired eggs will float and the fresh eggs will sink. Quickly grab the good eggs in the bottom of the bowl.

#2: POTATHROW

I love potatoes! Whether it be mashed or fried, potatoes can drive many people into frenzy! Say you want to fry potato wedges or mash some potatoes. It is best to spend as little time as possible in peeling each individual potato. Furthermore, you are only wasting money by peeling too much.

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So, take a sharp knife and gently run the blade around the circumference of the potato. You must break the skin without puncturing the potato. Repeat this step for each potato that you intend to cook. Place all the potatoes in a pot and add boiling water. After all these are fully boiled and drained, you may put the pot under cool water for a few seconds. This is the perfect time to gently remove the potato’s skin using your fingers. Watch as the skin slip right off as you save energy on a simple task.

#3: FREEZE-FULL

One of the kitchen tools that many of us often under-utilize is the freezer. Using the freezer efficiently to properly store your food will save you money, effort, and time. Keep this tip in mind – maintaining an empty or an almost empty freezer is a mistake! The freezer has to double its work to cool itself, which will lead to energy wastage. The coolness is retained better if the freezer a little more full.

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I am not saying that you must completely pile up items as that will restrict air circulation. Instead, you must replace what you use with new frozen food items. Practicing this cycle will ensure that your freezer is used to its fullest potential.

#4: MEATICULOUS

Meat gets ridiculously more expensive as time passes. By buying large amounts of meat when it is on sale can help you save money and time in the grocery store. You can either cook everything at the same time or store everything in the freezer into usable portions.

For instance, you may use ground beef for spaghetti sauce and chicken strips for salads. There will be no leftovers!

Sources: 1 & 2

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4 Reasons Why You’re Stuck In Debt

Are you drowning in yesteryear’s debt? You are probably pessimistic about your financial future. Eventually, all these bills may push you to your boiling point. When this happens, a fresh start is essential.

Start by being aware of the reasons why your pile of debt exists. Then, do the necessary actions to eliminate it.

YOU ARE ADDICTED TO SHOPPING

Whether you call it shopping addiction or retail therapy, you simply cannot control your spending habits. It is harmful to associate your power and confidence with material possessions. Acquiring a new designer purse may give you short-term happiness, but its price tag may bite you in the long run. At some point, your addiction may turn into financial piles of debt.

Furthermore, our society has a skewed view of what we can afford. For instance, it encourages you to purchase something as long as you can pay off the minimum amount (i.e., when purchasing a car). This mindset may take you to financial regret. You will end up spending more on a monthly or quarterly basis. Instead, do not buy things that you cannot pay for in cash.

YOUR PARTNER IS NOT ON-BOARD

Mixing finances with relationships is complex, especially if you do not see eye to eye. Differences in spending habits and financial beliefs may cause conflicts when not addressed. One of you may be fully committed to being debt-free and practical, while the other spends carelessly. To make this relationship work, you and your partner must come to terms.

In matrimony, it is solely not your money or “their” money. It is “our” money and “our” debts. You are on the same team. Please start acting like one! Plan how you will pay off each other’s debts per month.

YOU ARE UNWILLING TO SACRIFICE

One of the quickest ways to reduce debt is to cut down your expenses. If you are unwilling to sacrifice some of your wants, you will not be able to thrive. How could you possibly justify eating out four nights a week? Do you really need a cable and Netflix subscription?

When stuck in debt, you must be willing to make temporary and permanent lifestyle changes. Ask yourself on what you are willing to give up in order to build a better financial future. Or, you may start by eliminating temporary expenses.

YOU WANT TO KEEP UP WITH OTHERS

Sometimes, the social circles we expose ourselves into can dictate how we lead our lives. Constantly keeping up appearances or doing things for Instagram posting may be costly!

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Yes! Your friend just had a Euro trip with her boyfriend. However, that does not mean that you have to sacrifice your credit to do the same. Following the lifestyle of others may lead you to debt or bankruptcy. You know your financial limitations more than anyone else. Be your own critique when it comes to your spending habits.

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How To Efficiently Evaluate Your Boss

It is not uncommon for a boss to continually evaluate your output and etiquette. While this happens, you are also evaluating him or her. Your mind automatically makes assumptions and perceptions about a person, even if you do not realize it.

To aid in the smooth stream of operations between the employees and the employers, transparency is needed. Evaluate your boss efficiently by following these tips.

COMMUNICATION SKILLS

Keeping the lines open between the employer and the employee can help address and prevent issues. Observe how your boss communicates with you. Does he motivate you when you perform or does he constantly criticize your work? He must be able to filter personal issues and constructive criticisms.

Feedback is essential in brewing a good relationship. Furthermore, the boss must be able to deal with the mistakes in a calmly and efficient manner.

MANAGEMENT SKILLS

When I was given a leadership position, I thought that micromanaging my staff will help lift their loads. To cut it short, I was wrong. A good boss does not dictate every step of the way. He trusts the capabilities of his employees and does not take credit for the work that they have done. However, he is willing to share the responsibility when things go wrong.

Management skills are showcased through your boss’ ability to discipline unpleasant behavior and through giving proper guidance to those who need it. Your boss must understand the requirements of each job title and maintain order in the workplace.

INTERPERSONAL SKILLS

Interpersonal skills refers to your boss’ ability to interact with you as an employee. Does your boss care about you and the company’s expectations? Does he recognize your achievements and contributions to the team?

A good boss must be able to encourage you and your co-workers to meet the same goal. He must be able to clearly communicate the expectations, which are in line with the company.

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When evaluating your boss, ensure that you incorporate both positive feedback and constructive criticisms. Confidentiality is highly encourage to enable you to have honest reviews.

Lastly, put yourself in his shoes! Consider how you want your boss to conduct performance reviews and give the same courtesy to your boss.

Sources: 1 &2

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Is It Worth Getting A Variable Universal Life Insurance (VUL)?

As I was searching for a life insurance to protect myself and my family, I came across a type of product through the help of my financial advisor. She recommended getting the Variable Universal Life (VUL) insurance policy. I was drawn by the unique fusion of life insurance and investment.

For those of you who are unfamiliar with VUL, it is a type of life insurance policy with a built-in savings component (cash value). The cash value can be invested into different accounts consisting of mutual funds, bonds, or stocks. Associated with the savings component is a maximum cap and a minimum floor on the investment return.

What’s more? The premium you need to shell out is flexible. Flexibility is one of the advantages of having a VUL. Let us start with that.

FLEXIBLE PREMIUMS

Last week, I invited three experts to host a Financial Literacy Talk in our workplace. These experts discussed about the current economical state of the country as well as the investment and insurance options available in the market. One of the products that they highlighted was the VUL.

We all have different needs and different capabilities. However, that must not stop us to get an insurance. Fortunately, VUL’s premium can go up and down for several reasons. These reasons depend on your lifestyle and needs. For instance, you may consider to raise the death benefit as a breadwinner. Increasing your death benefit may require proof of “insurability”. Nonetheless, the performance of your cash value account may allow you to lower your premium.

BENEFICIAL DEATH

There is a considerable weight on the shoulders of the loved ones who have to go through loss. Money will never be able to replace someone’s presence, but it will help lessen the financial weight when going through a death of a family member. You need to avoid the double-whammy of losing someone and getting sucked into debt.

VUL offers both investment options, death benefits, and critical illness coverage. Study these elements before signing up.

VARIED INVESTMENTS

VUL has varied sub-accounts, which allow the investment of the cash value. Its function is similar to mutual fund with an array of stock and bond accounts along with a money market option. Some policies may restrict the number of transfers into and out of the funds.

Interestingly, VUL got its name from the varying results of investment in the ever-changing market. Keep in mind that exposure to market fluctuations can generate significant returns or substantial losses.

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Let us move on the out-payments. You must ensure that you are insurable before implementing a strategy involving VUL or other life insurance policies. Several factors will affect the availability and cost of your life insurance. These factors include age, health conditions, and amount of insurance purchased. You see, life insurance have other charges attached to it. For instance, if a policy is surrendered prematurely, some policyholders may have income tax implications. Any guarantees associated with the policy are dependent on the ability of the issuing insurance company to continue making claim payments in the long run. Choose wisely.

DISCLAIMER: Please note that this VUL product is most applicable to American and European insurance issuer. Thank you.

Sources: 1 & 2

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