Rita Jethi - Blog

WHY OWN INSURANCE ON A CHILD TODAY ?

rita.jethi@century21.ca — Thu, 28 Mar 2013 00:00:00 GMT

Children will no doubt grow up, become married, have children of their own, and own a home with a mortgage. These are all circumstances where they will need life insurance. They have a future need.

Why own insurance on a child today....?

* The cost will never be cheaper. INSURANCE IS ON SALE TODAY. Compare the cost for a 0 year old and a 25 year old to see, plus compare the equity at 65.

* You can guarantee them the right to buy additional insurance with the Guaranteed Insurability Rider so adverse occupations or health will never prevent them from getting insurance.

* The plan will build up some attractive equity that can be used for education, down payment on a home or in many creative ways. If you have cash, you have choices.

* Choosing a plan with a limited payment options means that they are giving a gift that is fully paid for when they choose to assign the ownership to their child.

* The plan is self completing in the event of a death or disability if you add the Applicant Death and Disability Rider. Other savings programs, such as at a bank do not have this feature.

Children are precious in all parent's eyes. Today many parents are helping their children by investing in an RESP. Give your children a Gift that will last a lifetime .....Life Insurance

BUILD CREDIT HISTORY

rita.jethi@century21.ca — Mon, 05 Nov 2012 00:00:00 GMT

Always keep your oldest credit card. Wasn't it exciting? Your first credit card? For most of us, it was our introduction to the real financial world: the privilege of borrowing, and the responsibility to pay back. Perhaps you've changed your financial institution since you got that first credit card. Here's an important piece of advice: keep that credit card. Even if you now do most of your banking with another institution, that old credit card is valuable to your credit score. If you can, you should always keep your oldest card, and use it a little so it remains active. That long credit history is a valuable asset. Someone who has no credit history is usually viewed as riskier than someone who has credit and manages it responsibly. If you are thinking of canceling a card, get some advice first, even if you aren't using it. Simply put, use credit wisely. Keep your oldest card, use it regularly, and keep it paid up-to-date. Remember the 30% rule, and fight hard to get your overall debt to under 30% of your available credit... and keep it there!

How to Save Money on Back to School Supplies

rita.jethi@century21.ca — Tue, 04 Sep 2012 00:00:00 GMT

Does buying back to school supplies leave you feeling broke? It does,nt have to. Here are simple ways to save money on all those back to school essentials.

Shop at Home First
Before you head to the store, take a walk around to see if there are any items on your child's school supply list that you might already have. Things like rulers, pencil boxes, calculators and backpacks do not need to be replaced each year, so don't be afraid toreuse last year's if it's still in good shape.

Tip : Instead of buying pencils and pens, send your child back to school with the free ones that business hand out (you know the ones that are currently taking up space in your junk drawer)

Shop Around

10-cent crayons, 5-cent folders, 50-cent binders - stores fight hard for your back to school dollors, and that's great news for you. Watch the weekly sales ciculars closely; then, cherry pick the best buys from each store. Remember: Just beacuse store X wants to spend all of your back to school dollors at their store, does'nt mean you have to; so get those 1-0cent crayons, and get out.

Tip: Shop at a store that offers price matching, and you won,t have to burn extra gas to get the good deals at other stores.

Only Buy What You Need

Once you're in the store, all those fun extras can be tempting - -colored pens, locker accessories, self-stick notes, the list stretches on and on - but chances are, your back to school budget does't. To avoid overspending, determine how you'll handle your child's request for non-essentials before you head out to shop.

Some Ways to Handle Your Child's Requests:

* Allow one extra purchase.

* Have your child foot the bill for anything that's not on the list.

* Have your child pay the difference between what you're willing to buy, and wan they want to buy.

* Refuse to give in to the request. It may not make you popular, but it is a chance to teach smart money management.

LIFE INSURANCE..........PROTECTING YOU AND YOUR FAMILY'S FUTURE

rita.jethi@century21.ca — Fri, 24 Aug 2012 00:00:00 GMT

Insuring a car, a home, or other valuables goes without saying. However, like most people, you probably don,t want to think about protecting your family's most important possession-----YOU.

But in reality, life insurance isn't about you. It's about protecting your loved ones and ensuring their ability to manage without you. Life insurance can help ease your family's hardship and ensure their financial future. And you can rest assured that they'll be supported, even after you're gone. You can purchase life insurance for a term (a period of time) or on a more permanent basis (for life). Contact me to see which type if is best for you.