Savings and Investments Articles

A Family Health Insurance policy takes care of the medical emergencies and health care costs of your family in circumstances when things don�t turn out the way you want it to. Also, known as floater insurance, it is ideal for your family�s health care needs. This policy covers the entire family under one insurance policy and one premium. The benefits and coverage are shared by all the members of the family.

Health insurance premium tends to increase with age - more the age, higher the premium. So insure at a young age. Always carry your health card with you. This might save you in case you are alone in a situation and you require immediate medical attention.

Lets you perform banking transactions anywhere and at anytime. By using a debit or ATM card at an ATM, you can withdraw cash from checking or savings accounts, make a deposit or transfer money from one account to another or perform other functions. You can also get cash advances using a credit card at an ATM. You should also be aware that many banks charge transaction fees - for using another bank's ATM.

If my card offers a grace period, does that mean my purchases are interest-free, even when I carry a balance from month-to-month? If I accept a pre-approved credit card offer, am I guaranteed to receive the card? If my insurance company does not pay medical bills for which I believe they are responsible, can I refuse to pay the bill and force the medical provider to collect from the insurance company?

Families talk about all sorts of things, but conversations about how to manage money often don’t make it to the top of the list. Whether you have children in your family or not, having regular and open conversations about each family member’s wants, needs, financial goals and means to attain those goals is important.

Identify and record the specific financial goals of all the members of your family, such as saving for a house or car, taking a holiday, sending your children to university, paying off debt or planning for retirement.

Keep information about all your cards—including account numbers, expiration dates, and card issuers’ telephone numbers—in a safe place at home so you can act quickly if a card is ever lost or stolen. Destroy any documents that might have account numbers or other personal information.