Tag Archive | Planning For Women

Tips for Women to Avoid Being Scammed By a Contractor

general contractors in richmond virginia

general contractors(Photo credit: Crown Molding)

It is fair to say that most contractors are honest. It is also fair to say that there are dishonest people out there who pretend to be contractors, and if they think they can get away with scamming a woman they will definitely try. There are things that women can do to protect themselves from getting scammed by a contractor.

Before you hire any contractor it is recommended that you get four references. These will be other people that they have done work for. Then you will be able to contact these people and get their take on how the contractor is. They will let you know if they liked the work that was done or not. Be careful however, if they are a true scammer they may give you numbers for people who are in on the scam with them so do not rely on this alone.

You should also check with the Better Business Bureau. They will be able to provide you with a rating for the contractor. They will also be able to provide you with the reasons for why they gave that contractor the rating that they gave them. If they contractor you were thinking of using is unknown to the Better Business Bureau, then you should take that as a good sign that they are not a real contractor but rather a scammer.

Once you have selected a contractor that you think you would like to hire it is a good idea to check their contractors’ license. You need to make sure that it is up to date and not a fake. You can do this by checking their license and local operating permits. If you do not do this not only can you get scammed but you could end up with work that is not done right, and that is not up to code costing you more money down the road.

If you are a woman who lives a loan you should invite someone over before the contractor comes over. This should preferably be a male friend or family member. You do not want your contractor to know that you live alone. Even if they are a real contractor and not a scammer they may decide to scam you at least a little simply because you are a woman who lives alone. It is just best to have a male friend or family member be there with you each time, preferably the same one each time.

Ladies, while you should not assume the worst in everyone you should always prepare for the worst. This is just being smart and protecting yourself from getting scammed. Make sure that you use a local contractor who is trusted not someone who travels. When it comes to contractors a woman cannot be too careful when picking the right one.

Women’s Self Defense Tips

Women cannot be too careful these days. It seems as though every time you turn around you are hearing about another woman on the news being attacked or you are getting another email warning you about a new way that women are being targeted. Here are some self defense tips that any woman can use if needed to help defend herself.

If you have ever visited a martial arts center you may have heard someone say that the elbow is actually the strongest point on the human body. It is true. If you are struggling to get away from someone and you are in the position to use your elbow, it does not matter where your elbow will make contact with, use your elbow. It will cause the most pain on your assailant allowing you to make an escape.

You were probably told as a child that you never kick a boy in the groin, well if you are being attacked, go for it. It is a very sensitive area on a man and if it helps you to get away then there is nothing wrong with it. It should hurt them enough to allow you to flee and find help.

One thing that not many women think about using for self defense is their purse. If you are like me and carry a lot of stuff around with you than your purse is likely fairly heavy. Swinging it around and hitting someone with it could hurt. If it comes down to it, use your purse as a self defense weapon.

Another thing that not many women think about using is their keys. If you put one key in between each finger you can poke and scratch your assailant. If possible you can use this on their eyes as well. It may not do much damage, but most predators do not want to deal with someone who is fighting back so they will back off.

There are many everyday items that you can use to defend yourself. Look around at what you carry with you on a daily basis. What can you use? Being aware of your surroundings and what you have with you to protect yourself, and what you can do with your body to protect yourself could save you from being attack or even kidnapped.

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    Some Reasons Why Women Use Payday Loans More than Men

    According to the Pew Charitable Trust report women use payday loans more than men use them. Why is this? There are many reasons that can contribute to women using these loans more than men do. Here are some of those reasons.

    One theory about why women use these loans more is that they earn less than men do per hour. Not making as much as a man can cause more financial need for these payday loans for women. Some say that the glass ceiling is keeping them from reaching the financial stability they are looking for meaning they need more help from time to time.

    Another reason may be that women are just not as stubborn as men in regards to asking for help. A typical man will not stop to ask for directions, they just keep driving in hopes of finding where they are going. A woman will recognize the need to stop to ask for directions, and do it. The same is true for payday lending, they recognize when they need some help and they go get the help that they need.

    Women enjoy celebrating an achievement. Often time this celebration means buying something for ourselves that makes us feel as happy as the achievement does. It is times like this that cause some women to turn to payday lenders to help make that purchase. Or they get the loan to go out to celebrate and not to buy an item.

    Women invest their money less than men do. There is a chance when you invest your money that you will see returns on it. Men know this and count on it so then they do not need as many payday loans. If women want to get these returns too, they need to learn how to invest their money wisely. Until they do that there will be payday loans to help them when they need it and cannot make it to their next paycheck.

    Studies have shown that when it comes to running household finances more do it than men do. This could be another reason why more women seek out payday loans than men do. If they are the ones who are in charge of the household finances it will more likely than not be the woman who goes to get the payday loan.

    There are so very many reasons why more women seek out payday loan more than men do. It could be one reason or a combination of reasons. It does not matter much what the reason is why more women need payday loans than men. No matter what the reason payday lenders whether online or in a storefront location will be there for the women who need them.

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      Women need to do More Shopping When it comes to Mortgages

      New finding suggest that women get worse mortgage rates than men do. Many at first may think that this is gender discrimination, but that is not the case. Women do not shop around for their mortgages as much as men do, which is what allows men to get better rates. If women were to start shopping around more, than they too could get a better mortgage rate.

      One reason it seems that women get worse rates is that they listen to their friends more. If a woman has a friend who says that they got a good rate from one bank, or that they like a certain bank, women tend to listen and go with the bank that their friend likes. While men may be given advice on where a good bank is, they listen less and look around for where they can get a better rate.

      Mortgage shopping can be a complex and time consuming activity. This shows us that maybe men have more financial knowledge than women do at least as far as mortgage shopping goes. This suggests that if women were to increase their financial knowledge then they may be able to better find mortgage rates that are better for them.

      Experts suggest that you can simply call the mortgage lenders and banks that are a possibility for you to use. Talk to them about what their mortgages are like, get all the information that you can. Make sure that you write down any and all questions that you want to ask each financial institution, and then write down the answers that you are given so that you have the ability to compare later on what will be best for you.

      Make sure that when you do call these places you do not ask for rates over the phone. Experts say that most companies will give you a lower estimate to get you into the door. Then when you do come in to apply for a mortgage, when you get approved you will have a higher rate than you thought that you were going to be getting.
      Women can get better mortgage rates if they take a hint from men and shop around. Do your homework prior to getting a mortgage. The more educated you are about it the better off you will be. Take your time to make sure that you are getting the best mortgage for you.

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        Women and Their Personal Finances

        Studies have been showing for some time now that women are more insecure than men are when it comes to personal finances. This insecurity can keep women from taking charge of their finances. Women do need to be in charge of their own finances and understand how it is they work. It does not matter what your age is, what your background is, how much you make, or what your financial knowledge currently is, you must take charge of your finances now.

        If you are in a relationship but are not hands on about your finances, you could end up in financial trouble. When you are part of a couple, you must make sure to work on your finances with your husband. You can work together to make sure the finances are taken care of. There are very good reasons for doing this. For instance if your husband leaves you or dies, you do not want to find out that you are in over your head with debt.

        When it comes to retirement accounts, it is okay to have a shared retirement account, as long as you also have one just for you. This way if your husband was to leave you, you will still have money for retirement. I am not saying that it will happen, but the truth is that we cannot predict the future and that is just one of many possible scenarios.

        All married women should have their own checking accounts. Just like before, you do not know what will happen in the future and if your husband leaves you or dies you will need access to money right away. It can take some time to get the money out of your husband’s accounts that do not have your name on them if they die. You should also have a joint account. This is the best way to ensure that you will have access to money to pay your bills if something happens to your husband.

        Not very many women have much financial education. You can somewhat blame your parents for this one ladies. As a parent it is their job to prepare you for the real world, finances need to be included in these lesions. Every woman needs to take responsibility for their own finances though, and get the education that they need. You may know more about one area of finance than another so you may not need to take a class in that area. As far as the financial areas that you do not know much about, it is your responsibility to make sure you get educated.

        Women need to take responsibility for their own finances. We can blame our parents saying they never taught us. However, that is the past and what is done is done. We need to focus on the now and the future. So if you do not have the financial education you need now, get it for your future.

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          Women, You Should Know These Financial Terms

          Studies show that women do not feel as though they know enough about finances. It is every woman’s responsibility to make sure they are financially literate. There are things, such as the following terms, that all women should know.

          First, ladies, you should be familiar with stocks and bonds. Do you know what they are? When you purchase stocks you are basically purchasing and then owning a part of a company. So how do stocks work? When you purchase stocks in a company you wait and see how that company does. If it does well you can sell all of your stocks for a higher price, thus making money. You may have heard the term “buy low, sell high”. This applies to stocks. You want to buy them when the price is low and sell when the price is high.

          So what about bonds? These are simply just and IOU. With a bond you are lending money to the government or a corporation. Then the government or corporation will pay you back the amount that you lent, plus interest. Both stocks and bonds must be purchased through a broker, and most require about five thousand dollars for a minimum deposit. If you do not want to pay that much, you can look around for a broker who has a lower minimum deposit.

          Next is equity, which is the current value on your home, but minus what you still owe on your mortgage. Equity is the portion of your home that you actually own. Some people take out loans on their home’s equity, keep in mind that this can be risky, so you must make sure that it is a good time to do it before you do. If you take out a home equity loan and then your home’s value is decreased because of a poor market, you may end up owing more than your home is worth.

          Do you know what your net worth is? Add up everything you own, such as: equity in your home, retirement accounts, stocks, bonds and so on. Then subtract all that you owe from that amount. Student loans, credit card debt, mortgages, car loans, and so on are all examples of debts you must subtract from the first amount. What you are left with is your net worth.

          Ladies do you know about estate planning? Estate planning is doing things such as: making sure you have an updated will, health insurance, long term care insurance, a health care proxy, and so on. Doing this will make things much easier on your family. It will also make sure that those you want to have certain things and those that you want to have certain responsibilities are able to do so. Many studies show that women tend to live longer than men, so there is a chance that you will not have your husband to take care of everything when you go. This is a big reason why you want to stay on top of your estate planning.

          All of these are terms that all women need to know, whether single or married. Becoming financially educated is the first step toward financial freedom. All women whether married or single should strive for financial freedom to secure their financial future.

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            Smart Money Moves for Women

            It is the end of the year and we are all trying to make new resolutions for the coming year. That means that women need to decide what they will be doing with their money in the next year. There are some money moves that women should know because they would be smart moves for them.

            The first one is that you need to have set financial goals. Do you have some already or do you need to make them? If you have some already you should take this time to review them. Make sure that they are still the goals that you want and that they are still practical for you. Not all goals are going to be practical and not all goals that are practical for one person are practical for others. This is why you need to make sure that yours are practical for you. If you need to make your goals still, make sure that you write them out and write out how you plan to reach these financial goals.

            Next ladies, you need to create a spending plan. This is also known as a budget. Do you have one yet? If not you need one. If you do have one already review it to make sure that it is still working for you. If you still need to create one, try only doing it one month at a time and then at the end of the month review your budget and if you need to revise any part of it.

            It is no secret that most women enjoy shopping. The stores that we shop at are in the business of getting us to spend our money. They have various tricks to try to get us to spend more. We must be more cautious when shopping or we could end up spending more than we can afford. Try taking a list with you when you go shopping. It does not matter what store you are shopping at or what you are shopping for. A list can help you stay focused on what you went to the store to get. Do not stray from your list, this is where we can get in trouble even with a list.

            Ladies, we must use our intelligence when we are out shopping. Do not just assume that the price listed for something is the end price. If you see that something is cheaper somewhere else talk to someone who works in the store that you are in. They may be able to get you the lower price. Most places do not want to lose business, and are generally willing to match a lower price. The thing is ladies, you will not know until you ask if you can get a lower price or not.

            For some things the best way to make sure that you will get the best deal is to look online at the price that different stores are charging for the product. Ladies this will help you save money in two ways. The first is the most obvious; you get the item for the lowest price that you can find. The second way is that you do not have to spend more in gas money driving from store to store to compare prices.

            Ladies it is always a good idea to make money from more than one place. If you have a job you can still do other things to make money. You can sell things online, or be a freelancer of some sort or another. There are many ways that women can make some extra money on the side. Doing this can give you a little extra money to do whatever you want or need to do with it. You can spend it or save it, but either way it is a good idea to make some extra money.

            There are many things that women today should be doing with their money. There are several smart things that women can do with their money to make them financially savvy. Take your time and know what you are doing before you do it. Strive to be the most financially savvy person that you can be.

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              Asset Protection and Planning for Women

              Ladies, have you thought about asset protection and planning. Chances are that you have not done this yet. It is something that all women need to think about and take charge of.

              So what is asset protection planning? It is the process by which you arrange your financial affairs in order to prevent, or at the very minimum minimize the risk, of your assets being used to fulfill all claims of future creditors or claimants. Once you know what asset protection and planning is, you can see why it is a good idea to protect your life and the things that you own.

              There are several reasons why it is important for women to get asset protections. Women live longer than men and therefore will need their money to last them longer in retirement: at some point in their lives most women will be responsible for their own finances. Another reason is that having an asset protection plan can actually help you to reach financial freedom.

              Most experts say that in order to protect your assets you should get insurance, and make the risk theirs. This seems to be the easiest way to do it. Look at all the plans closely thought, because some insurance companies may not have all the coverage you need, or may not be willing to give it to you.

              The ownership of the assets can even be legally transferred to a trust. There are various types of trust that you can get to do this. The first one is called a Protective trust. This trust is meant to protect your assets and estate. What it protects them from are lawsuits, unwanted beneficiary, creditor claims, and all other threats. The next type of trust is the Irrevocable Trust. If you want this type of trust to help protect your assets you must not be able to change or dissolve the trust once you set it up. Domestic Self-Settled Trusts are only available in a few states. With this type of trust you name yourself as the beneficiary. Then there are Offshore or Foreign Trusts, which help protect your assets because many countries have laws that make it very difficult for creditors to get your assets.

              Every woman should be thinking about asset protection and planning. You need to know what you are going to do in the event that you have a lawsuit or creditor trying to use your assets to fulfill what you owe. Make decisions about what to do now, so in the future if it happens you are ready.

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                The Basics of Retirement Planning For Women

                Retirement planning should be a concern for every woman. Most women would like to retire at some point. Many women think that they will never be able to retire and they will have to work until they die. This is not true, the sooner you start saving for retirement the better off you will be. It is never too early or too late to start saving and planning for your retirement.

                When getting ready to start retirement planning there are some things that women need to ask themselves. First they need to ask themselves have you diversified your investments. Do you know what the value of your investments will be when you are ready to retire? Have you planned how it is you will take payments from your employer plans such as a 401(k)? Do you have all the insurance that you need? Not all these questions apply to everyone. For those that had one or more question that did not apply to them, you need to get moving on your retirement planning.

                There are also some things that every married woman needs to ask her spouse. Have they earned a pension? Do they know how much their pension will be when they retire? Will you receive any benefits should something happen and they die? Do they know how much that benefit would end up being? All of these things are important for a woman to ask her spouse. Spouses need to make sure they work together on retirement planning. If they do it will be less stressful and you will be able to plan for a number of different situations.

                In addition to asking yourself and your spouse questions, there are questions that you need to ask your employer as well. Does your company offer a pension plan? What about a savings plan? Are you eligible for the pension plan? Is the pension plan in anyway associated with your social security benefits? How long would it take you to earn a legal right to your pension? These are all things that every woman needs to know when trying to plan for retirement. The more that you know the better off you will be.

                When it comes to retirement planning basics you need to be informed. The more you know the better financial decisions you will be able to make. Do not rush through your retirement planning. If you do you could end up making a poor financial decision and not realize it until it is too late. If you want to have the best financial future and best retirement possible take your time and plan well.

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