Unclaimed Property Blog

The price of a gallon of gas is now above $3.00. Many are feeling the pain in their financial portfolio. How does this affect retirement?

Having paid more to drive in the last six months, three out of four Americans said higher living costs prevented them from saving more for retirement.

The Fidelity Retirement Index, which analyzes American households’ overall retirement readiness, found that among Americans whose savings plans were pinched by higher living costs, nearly one in two had cut the amount to be saved for retirement. Thus the higher price of gas has cut the amount going into savings toward retirement, that is how they are related.

When your son or daughter reaches the teen years finances change too. Adding your child onto your car insurance can be financially overwhelming for some parents. Below are some tips on how to cut this cost.

Find out how your insurer assigns drivers to cars. This differs from insurer to insurer and can make a huge difference in the premium you pay.

For example, if there are three drivers and two cars in your household, some insurers will assign the driver who’s the most expensive to insure (your child) to the car that’s the most expensive to insure.