Month: January 2021

Best Online Stock Trading Platform

Stock trading can be a scary concept. After all, investing in markets is something difficult that only professionals can do, right? Well, not really. All you need to start trading today is some money to invest and a good online stock trading platform.

E-Trade

The poster child for online stock trading, E-Trade is a great place for beginners to start. If you’ve never done any trading before, we recommend E-Trade. You can get acquainted with the basics through their learning tools. They offer web seminars, reading material and more to get you comfortable with the idea of investing in stocks.

They even have a team of market analysts who can help guide you in the best ways to invest your money. Their analyses are available through the site, and you can even contact a 24-hour helpline to give you market advice. Really, it’s a great all-in-one for beginners.

Ally Invest

Ally Invest is fantastic for those looking for a more budget-friendly way to trade. That’s because they have a low price for trading and a low commission structure for an online stock trading platform. They offer $5 trades, or $4 trades for people with more than 30 trades per quarter. That’s a pretty enticing deal for those looking to make a lot of trades!

If you’re a relatively confident investor who just needs a good, stable and inexpensive platform, Ally Invest is for you. They’ve got a few nifty tools for users, and they offer the best bang for your buck.

TD Ameritrade

TD Ameritrade doesn’t have the low price of Ally Invest, but they offer some other interesting features. Trade Architect is TD Ameritrade’s beginner-friendly platform that will introduce new investors to all the concepts they need to know. The simplified platform is considered a rival to E-Trade’s easy-to-understand approach.

TD Ameritrade also offers a platform called Thinkorswim, which is great for established and confident investors. Thinkorswim offers market analyses, charts, graphs and in-depth reports fit for the most discerning of investors. So, whether you’re a greenhorn or a grizzled vet, TD Ameritrade has an online trading platform that will work for you!

January 29, 2021
When to Buy and When to Sell: Stock Basics

While everyone knows the tropes of some Wall Street banker screaming “Sell! Buy! No, sell!” into a telephone, not everyone understands the basics of the stock market. Essentially, the stock market is a way to invest in shares of a publicly traded company. Investing in the stock market can be quite lucrative, assuming you know how to buy and sell like a pro.

Today we’re going over some basic rules of thumb to help guide your purchasing and selling. Remember, past performance is never a direct indicator of future changes. However, understanding historical patterns is a big step towards understanding what current trends could indicate. Let’s get into some tips and advice.

Stock at Low Prices

Investors are notoriously skittish. When stock prices start hitting lows, the average stock investor steers clear of it. The ample supply and low demand often means that the stock maintains its low price until confidence is restored. This often makes low stock prices ample times to buy in on the cheap. If the stock never bounces back, you’re not out much. If it does bounce back to its previous highs, you make out like a bandit.

This might sound like a cliché, but it’s an old truth. You should always buy when the stocks are low, and sell when they’re high. Doing anything else is playing a scared, defeatist strategy in a world won by the boldest operators.

Knowing When to Buy

For each stock you’ve got your eye on, make sure you know what range you’d be comfortable buying it at. That’s not to say you mark down a hard dollar amount, above which you’d never buy it. Instead, look at a price range. If a stock has been high for years but then drops closer to your range, you might wait to see if it falls further. Once it shows signs of resurgence, though, you should go ahead and snap it up so you can ride that momentum.

Do Your Research

It’s important that you do your research. There are ample resources online that can help you learn more about how to value stocks. Notably, figuring out when stocks are under- or over-valued is important when you’re making your buying decisions. The main way to find out whether a stock is undervalued is by using valuation techniques. These can be somewhat complex and involved, but here are some of the basics.

Essentially, valuation techniques are ways that financial advisors and stock managers look at given company’s stock prices and compares them to the company’s projected profits. These formulas are strictly speculative, of course, as no one can tell the future. However, these formulas tend to be time-tested and bear out over longer time periods and across wide sample sizes. When a stock is undervalued, that’s the time you should buy it.

Patience in Selling

It’s a rookie mistake to sell out of a stock right as it begins to shoot up in price. Maybe you bought stocks in a company that just posted three profitable quarters in a row and had its stock prices double. It can be tempting to go ahead and cash out, getting a return on your investment and a contented feeling of success. However, this is usually not the case.

Typically, an undervalued stock could take years to begin trading at its true value. While analysts might project it will go up, that doesn’t mean it’s trading where you want it yet. As such, riding out the stock for a few years and waiting for it to grow naturally is your best bet before you sell out of it.

January 29, 2021
Largest Bike Sharing Service in the US!

Lyft has recently acquired the largest bike sharing service (yeah, that’s a thing, apparently) in the US for $250 million. If that’s got you scratching your head, don’t worry, we are too. Jokes aside, the bike company, called Motivate, operates a number of bike rental services in urban centers that use bikes instead of cars. The offered bike rentals around the city are a combination of novel and useful. For one thing, they’re just neat: you go to a docking station and grab a bike! Additionally, the usefulness of not having to lug a bike downtown is a big draw to customers.

Ride Sharing’s Interest in Bike Sharing

Similarly, Uber recently purchased New York-based Jump Bikes. Lyft and Uber’s sudden interest in the bike sharing market may seem odd at a glance, but it makes sense. The primary income for both companies comes from densely-packed urban centers. Those same urban centers are a prime location for using a bike to get around. And, what better way to dig into Uber and Lyft than offering cheap bike rentals?

In order to head off this potential thorn in their side, the companies did the thing they do best, and threw money at the problem. In this case, it worked out pretty well: they both possess significantly more bikes now than they did, and the competition is gone.

That said, Lyft seems to have come out on top, as Motivate currently operates in dozens of cities in the US. This marks the first time the ride sharing company considered second-fiddle to Uber has come out on top in a bid for supremacy. This can only spell good things for customers: increased competition leads to better, cheaper services. If you find yourself in a large metropolis looking for a good way to get around, keep your eyes peeled for a Lyft sign over a bike station. You might just be able to drop some quarters and grab a two-wheeled ride!

January 28, 2021
Is a Reverse Mortgage for You?
What is a Reverse Mortgage?

If you are over the age of 62 and have most of your net worth tied up in your home, but you don’t feel like moving yet and want to stay put in your home, then a reverse mortgage may be the right option for you. It is a loan that allows you to borrow on the equity of your home, without having to sell the property or take out a risky home equity line of credit. Once you no longer live in the property, it can be sold to pay the loan balance off to the bank.

A reverse mortgage is a great option to help you get money now without having to leave your home. But it isn’t the right choice for everyone. Let’s take a look at how a reverse mortgage works and why you may want to consider this for your needs.

To keep it simple, a reverse mortgage is a line of credit. When a homeowner is 62 years old and has a lot of equity in their home, they can choose to borrow against the value of the home, receiving those funds either in a line of credit, a fixed monthly payment, or a lump sum. Unlike a forward mortgage, which is what you used to purchase the home to start with, the homeowner will never need to make loan payments for the loan.

Instead of the homeowner making the payments, the entire loan balance becomes due and is payable when the borrower sells their home, moves away permanently, or when they die. When the home is sold, the amount of the reverse mortgage is paid over to the bank or financial institution that originally gave the money.

There are some federal regulations assigned to a reverse mortgage. For example, all lenders must structure the transaction so that the amount of the loan will not exceed the value of the home. Also, the borrower and their estate will never be responsible for paying the difference if the balance of the loan becomes more than the value of the home. This requires banks to be careful about which homes they will do reverse mortgages are. If the market value goes down too much, then they may not get their money back from the loan.

Reverse mortgages are nice because they will provide some cashflow to seniors who find most of their worth is tied up in their homes. They are complex and a little costly though so you may decide it is not worth your time. However, for those who qualify and decide to use this type of mortgage, they can get instant access to the equity of their home without the risks of a home equity loan and while still living in the home. Once they sell the home or pass on, the sale of the home will go to paying back the loan.

The Benefits of Getting a Reverse Mortgage

There are a lot of great benefits to working with a reverse mortgage, as long as you use it properly. Not everyone will choose to work with the option because it doesn’t work the best for them. But for others, it is a way to get rid of a traditional mortgage payment or get access to the equity of your home while you still live in and own the home. Some of the other benefits of working with a reverse mortgage include:

Provides Flexibility

This type of mortgage is flexible, allowing you several methods to choose from based on your home, the product you choose, and more. Households who have a specific financial need can choose the right product to help provide relief in their finances. You can use this type of mortgage even without financial issues because it can become a good financial planning tool for you.

Stay In Your Home

You could sell your home and tap into the equity that is there. But then you have to leave your home and find somewhere new to live. If you work with a reverse mortgage, you will be able to live in the home for as long as you want, without having mortgage payments. You can use the money, in most situations, for any purpose you want. This provides you a comfortable home without moving and with lots of additional financial resources.

Low Risk of Default

Unlike what happens when you work on a home equity loan, this reverse mortgage will not take your home away from you for non-payment. You do not need to put payments on the loan at all until you are ready to permanently ready to leave the home. Keep in mind that you will still be responsible for the insurance, taxes, and upkeep on the home. Outside of that, the lenders of these mortgages will never have a claim on your income or other assets.

Tax-Free

Since this type of mortgage is a loan, the money you receive from it is often tax-free. This is true whether you decide to turn this into a fixed-income that you earn a little bit each month or if you choose to take it as a lump sum all at once.

No Restrictions

It is possible to use the funds that you receive from the reverse mortgage in any way that you would like. You can choose to use it for a rainy day in case something happens later, to pay for your children’s education, to pay for insurance, to go traveling, or even for day to day cost of living. There are no restrictions on how you can use this money.

Flexible Payment Options

You get to choose the type of loan that the reverse mortgage turns into. You can either get all of the loan money from it in a lump sum, credit line, or an annuity. No matter which one you pick, all of the money comes to you at once. You can also choose to work with an option that sends you the money each month or every other month, so you receive another source of income for as long as you remain in the home.

How Do I Qualify for a Reverse Mortgage?

Before you apply for a reverse mortgage, it is important to learn whether you qualify for this type of mortgage or not. Each bank may add additional qualifications based on what they like to see before approving the mortgage. The basic requirements for qualifying on this type of mortgage include:
1. The youngest borrower on the title needs to be a minimum of 62 years old.
2. The owners must use the home as their primary residence. If you use the property for rental income, you will not qualify.
3. There must be enough equity in the home. The exact amount of equity will vary from one bank to another. The bank wants to make sure they will get their money back. And you will need to pay off your mortgage plus have some to live off later. The more equity that you have in the home, the better for you.
4. All borrowers must meet financial criteria. These rules are established through the HUD.
If you do not meet all of these requirements, do not apply for the loan. Most banks will not work with you and this will just be a waste of your time. Instead, spend some time getting things in order and prepared so you can apply for a reverse mortgage later on.

What to Expect When Applying for a Reverse Mortgage?

When you are ready to apply for a reverse mortgage, there are a few steps that you need to undertake. First, you need to choose which financial company you would like to work with. Each one will have their special requirements you need to follow so take some time to do your research and pick out the right one for you.

Once you have narrowed down your choices, it is time to apply. You will need to feel out an application that will provide the bank with your name, contact information, information on your finances, information on the home you would like to do the reverse mortgage on, and your credit history.

Fill out the application completely, putting your best foot forward so the bank is more likely to offer you the reverse mortgage. You will likely need to provide proof and documentation of all statements you make about the property and your financial history. If the financial institution asks you for additional materials, submitting them promptly will help the process go smoothly.

Hopefully, you looked to see what qualifications you needed to meet before you start. This will help the process go well and can prevent any heartache later on because you don’t meet the minimum requirements. While there are other reasons the bank may choose to deny your application, if you do not meet their minimum requirements, they will deny it before you get any further in the process.

Which Banks and Institutions Specialize in Reverse Mortgages?

When you are ready to apply for a reverse mortgage, it is best to choose a bank or other financial institution with the right experience to get this done. They can walk you through the process and ensure that you receive the care and attention necessary. Some of the best banks and institutions to consider for your reverse mortgage includes:
- FirstBank
- Quontic Bank
- M&T Bank
- The Federal Savings Bank
- Townebank
- Goldwater Bank
- Resolute Bank
In the past, Wells Fargo and Bank of America were two of the big names in reverse mortgages. In 2011, both of these banks announced that they would no longer offer reverse mortgages to potential customers in the future. You can also check with your local bank to see whether they offer some reverse mortgage options to help you.

Are There Any Downfalls to Reverse Mortgages?

There are a lot of benefits to choosing a reverse mortgage. However, there are times when you may want to hold off and not get this kind of mortgage at all. Some of the downfalls that come with a reverse mortgage include:
1. High upfront costs: Lenders can make money on a reverse mortgage in the same way they do with a conventional mortgage. They do this by charging a lot of fees upfront for interest, points, origination, and more. You need to weigh the costs of doing this before jumping right in and see if it makes sense for your financial situation.
2. Mortgage Insurance: Even though there is no worry about defaulting with a reverse mortgage, many banks will require mortgage insurance to help mitigate some of the risks the lender takes on, such as the home losing value.
3. Other fees: The borrower of a reverse mortgage will still be responsible for all of the repair and maintenance costs on the home, the upkeep, the homeowner’s insurance, and taxes. These costs will not go away when you get a reverse mortgage.
4. Need to have a high amount of equity: To even qualify for this mortgage, there needs to be a substantial amount of equity in your home. While applying, a lender will offer a percentage of the value of the home, based on your age and the program. When you do this mortgage, it needs to pay off any existing mortgage that is on the property. If your home doesn’t have enough equity, you may not qualify.
5. Products are complex: A reverse mortgage may sound simple, but it is not always a suitable option for every homeowner. You need to look through the paperwork carefully to help make informed decisions. Learn how payments are made, how costs are charged, and all the other rules you will need to follow.
There are a lot of benefits to getting a reverse mortgage and many homeowners decide that it is the right choice for them. It is important to understand how these reverse mortgages work and do your research to see if they work well for your needs or not. They can be wonderful financial tools for many, but this doesn’t make them the right choice for everyone. Talk with a lender and explore your options so you are well informed if a reverse mortgage will work for you.
January 27, 2021
Review: Medical Alert Systems
If you have been looking into buying a medical alert system, our team has put together a quick review on the leading options:

How Medical Alert Systems work:

Nearly all medical alert systems for seniors have a button that can be pushed if they are experiencing a medical emergency, fall or otherwise. The emergency button can come in the form of an alert bracelet, necklace or a watch. All systems are connected to an off-site emergency response system. Most systems come with a 2-way communication feature to help assess the situation and dispatch appropriate help or response. Apart from lifesaving benefits for the individual who may be in need, a Medical Alert System is also very beneficial for extended family who can receive notifications. Overall, these systems provide security and independence for those that may need them as well as peace of mind for extended families.

Most recommended Medical Alert Systems:
1. Medical Alert Medical Alert is one of the nations’s largest providers of emergency monitoring systems. Packages start at $19.95 a month with no activation fees. A+rating with the Better Business Bureau. One free month and free shipping when you sign up for an annual plan.
2. One Call Alert One Call Alert relies entirely on AT&T’s nationwide service for home and mobile devices. This means there is no need for a landline or wifi. Wearable in-home devices have a battery life of over five years with no need to charge them. Plans can be customized and start at $29.95
3. MobileHelp: MobileHelp is an FDA certified and offers on the go and residential plans. One standout is their Mobile Duo plan which is great for couples or roommates and provides protection for two individuals for the price of one. Other features include medication reminders as well as cellular and landline options. Pricing starts at $19.95 per month.
Overall Benefits:

Investing in a Medical Alert System can free you from the anxiety of being alone during a medical emergency. Features like automated fall detection, automated notifications and caregiver tracking will give independence and security to the disabled and elderly.
January 27, 2021
Review: Most Affordable Luxury Cars for 2021

In the luxury car segment, there’s always room for compromises and improvements. With limitless options, specializations, and customizations, some of these vehicles can fetch staggering prices. For that, it’s critical that you always do your research before investing such huge sums of money into your next luxury car. Shopping for affordable luxury cars can be a daunting task, especially now that people can access almost every auto on the planet. As a result, our team compiled a list of 2021 new cars in the market that you can choose from. Whether you are after a classic sedan or SUV, we took the time to ensure that we captured what will interest you come 2021.

This review should cover every aspect of each machine mentioned below. For such sums of money, it’s always important that you know exactly what you are getting.

What Defines Luxury?

Buying an upscale car is about the exception that proves you invest in a vehicle that actually gets you. While affordable luxury cars may be somewhat average in some areas like the fuel economy, they excel in almost every other aspect. These include:

Curb Appeal – what’s the point of owning a luxury car if other people won’t take notice? Luxury cars know how to announce themselves in public. Large wheels, spoilers, curves abound within this category and shiny grilles. And these are just what you can see. Some of these machine’s manufacturers even sacrifice the trunks and rear seats just so they can have better aesthetics. But mostly, they just increase the vehicle’s size to accommodate everything.

Indulgence – these cars aren’t just pretty on the outside; they also feel really great. Manufacturers use only high-end materials within these cruising lounges. There’s always no lack of modern amenities either.

Cost – expressing yourself as a symbol of status isn’t cheap. It wouldn’t really do if everyone could afford these vehicles. True, many pay to rent these luxury vehicles for a few hours to a day. But purchasing them is another story. Fortunately, we compiled a list of some of the most affordable luxury cars for 2021 that you can actually afford.

Let’s get to it:

1. 2021 Mazda 6
If you are looking for a midsize sedan with a premium marque, the 2021 Mazda6 is your best buy. Going by its looks alone, the Mazda6 boasts an elegant, high-quality interior and a gorgeous deep red metallic paint color. This beauty appeals even to people who generally don’t like red cars.

It has a suggested retail price of $24,325 and a destination charge of $945. This makes its overall cost to be $25,270. Beneath the skin, the Mazda6’s suspension achieves the finest balance between comfort and agility. The seats are just ideal for long trips, making it the go-to car for people who love long-distance travel by car.

It has a turbocharged engine that comes in higher trims, adding some zest to the driver’s experience. But that means spending more money.

Pros
• Premium interior
• Optional turbocharged engine
• Exceptional handling
• Advanced driver aids are standard
• Priced competitively

Cons
• Has a small trunk
• No all-wheel drive

Overall Assessment

The Mazda6 is a serious contender for people who want only the best, premium vehicles for the 2021 travels. Its elegant, high-quality interior and sleek design make it one of the best options for drivers looking for that sleek appeal in a vehicle. And for the price, the Mazda6 should make for an awesome driving experience.

2. 2021 Genesis Gv80
This is the first-ever SUV from Genesis. It’s one of the best midsize luxury SUVs to consider buying in 2021. The GV80 was manufactured with a focus on its premium design, elegance, and quality. The manufacturers left nothing to chance when they built this beast. It has an upscale look and feel but still comes in at a slightly lower price compared to its competitors.

The GV80 has one of the most extensive driver safety aids available on the market today that offers plenty of sumptuous luxury to the driver. It also comes with a two- or three-row seating. The GV80 demands consideration as it comes with a 3.5L V6 engine. It’s an All-Wheel Drive. With all these features, the GV80 starts at $60,175, which very affordable for a luxury car with such features.

Pros
• Available third row
• Superb list of driver aids
• Elegant interior and exterior design

Cons
• Option packages add up fast
• No hybrid variant

Overall Assessment
The GV80 is a serious contender for those looking for a premium midsize SUV. It’s also an excellent choice for those seeking standard driver assistance and safety aids in their cars. And its finish is just superb. If this is what you are looking for, the GV80 is the SUV to meet your needs.

3. 2021 Audi A6
The A6 is another midsize luxury sedan that’s excellent for customers looking for technologically advanced vehicles. It should come with the latest safety assistance systems and a complete redesign from its 2020 model, adding segment-leading safety features and technology. The A6 also has a fully restyled exterior and interior and offers an excellent blend of sporty handling.

This is the car to buy if you are looking for a quiet, composed ride.
The Audi A6 is very spacious and can comfortably accommodate up to five adults. It comes with three trim levels. Its Premium Plus 2.0 design should start at $55,895. This comes with a 2.0L I4 turbo engine.

Pros
• Fancy available tech
• Superb fit and finish
• A spacious, well-appointed interior

Cons
• Upper trim levels are expensive
• Some competitors offer more engaging drives.

Overall Assessment
The A6 is a luxurious, confident, and sporty sedan that offers a comfortable and dynamic driving experience. It’s the best option for drivers seeking to own cutting-edge tech in a sleek midsized sedan.

4. 2021 BMW X5
The MBX X5 ranks are one of the most luxurious SUVs on the market. It’s set to release in November 2020 and should be a blast to drive. It has engaging, confidence-inspiring dynamics that make it a serious contender on the list of must-buy 2021 luxury cars. The BMW X5 targets drivers looking for utility and sportiness combined. It’s a 5-seater vehicle with lots of room to get comfortable. It also comes in three trim levels and is believed to start at $59,895. The BMW X5 should have a 3.5L I6 turbo engine and is Rear Wheel Drive.

Pros
• Well-rounded
• Lots of luxurious features available
• Drives like a sports sedan

Cons
• Busy dashboard
• Eight-cylinder engines are always thirsty
• Costs more than most competitors

Overall Assessment
If you are looking for a top midsize SUV for 2021, the BMW X5 is a machine to consider. It’s just a blast to drive, thanks to its engaging and confidence-inspiring dynamics. It also comes with a luxurious interior that’s available in several colors and equipment combinations.

5. 2021 Acura RDX
This is a compact luxury crossover that’s aimed more at drivers who want both luxury and performance in one machine. The Acura RDX comes in one trim level and comes with an advance package that starts at $48,925, which is relatively affordable compared to its competitors. It has a 2.0L I4 turbo engine and is All Wheel Drive.

Pros
• Its starting price is fairly below many competitors
• Apple CarPlay & Panoramic Moonroof standard
• Powerful turbocharged engine

Cons
• Its leather seats are not standard
• No available hybrid

Overall Assessment
The Acura RDX packs a lot of modern tech under the hood and is very comfortable to drive. It also fits reasonably well for a luxurious car and the price package. Its turbocharged engine and improved fuel mileage are a bonus too. This is one car manufacturer that is getting better with time.

6. 2021 Lexus ES
This is the go-to luxury vehicle for people looking for Ultra-Luxury ES grades. This vehicle model comes packed with a Standard Blind Spot Monitor and a Rear Cross Traffic Alert. You also have the luxury of choosing the ES that best fits your lifestyle and driving preferences. The enhanced 2021 ES should begin selling in early fall 2020 and should start at $40,925. It comes with a 3.5L V6 engine and is Front-Wheel Drive.

This is the midsize luxury sedan to buy this fall if you are looking for a luxury car that’s reasonably affordable and of high-quality. Its plush and quiet driving experience also makes it a serious contender among other sedans. It is a five-seater vehicle and comes in 7 trim levels. So, you always have enough space to ride comfortably. This is the hybrid powertrain that provides you with excellent fuel economy.

Pros
• Standard advanced safety tech
• Refined engine and transmission
• Impressive sound deadening

Cons
• It has non-folding back seats.

Overall Assessment
The Lexus ES is the luxury vehicle to buy for drivers who want a smooth, reliable, and quiet driving experience. It’s an excellent fit for drivers who want cars with adaptive suspensions. Its extensive noise isolation features are a bonus, too, for a pleasant driving experience.

7. 2021 BMW X6
The 2021 X6 starts at $67,350. This midsize luxury sedan has proved to be one of the best sporty rides on the market today. Its sporty design, combined with other benefits, makes it a worthy contender and addition to our list. The 2021 X6 is also set to receive a full redesign from the 2020 model. The German automaker designed the X6 with driver safety aids and the most modern infotainment tech. It also has a sleek sloped roofline, which makes it even more desirable.

The BMW X6 is also a five-seater and comes in 2 trim levels. It has a 3.0L I6 turbo engine and is All Wheel Drive. So, you can expect it to pack a lot of power while on the road.

Pros
• Standard driver safety tech
• High-quality leather interior
• Coupe styling in an SUV

Cons
• Rear seats lack headroom
• Compromised rear visibility
• Not as practical as its X5 model

Overall Assessment
The X6 is one of the best midsize luxury vehicles that you should get for your 2021 picks. It’s also a top choice for people who are looking for a more sporty but practical daily drive. It stands out in a crowd with one of the most distinct looks you will ever find in a car.

8. 2021 Mercedes-Benz GLE
Here’s another midsize luxury SUV that looks the part where there is talk about luxury vehicles. Under its hood is a 4.0L V8 turbocharged engine that pumps out a staggering 603 horsepower. This is the machine you want to buy if you are looking for a luxurious but practical vehicle that commands attention on the road.

The Mercedes-Benz GLE also comes in three trim levels and is set to start at $57,745.

Pros
• Available three-row seating
• High-performance trims
• Spacious interior

Cons
• Optional equipment can be quite expensive
• Gas mileage isn’t on par with most of its competing vehicles.

Overall Assessment
This is the luxury vehicle for anyone looking for a comfortable, solid luxury SUV. This Mercedes-Benz model remains one of the best and strongest options on the market for its smooth powertrains and superb driving dynamics. Driving the GLE feels like an exhilarating experience without compromising any of your everyday usability.

9. 2021 Lexus GS
For people looking to buy a luxury sedan that is affordable and meets all aspects of driving, the GS is a serious contender. Built by parent company Toyota, the Lexus GS uses one of the best time-testing V6 engines and quality interior materials. It also has a V8-powered option for vehicle enthusiasts who are looking for more excitement. The GS also adds in several driver assistance systems, which is a plus. The Lexus GS doesn’t compromise when it comes to creating a comfortable, practical premium sedan.
The GS is a five-seater vehicle and comes in 4 trim levels. And for the interested parties, it starts at $53,785.

Pros
• Standard suite for driver safety
• Smooth and powerful powertrain
• Built using soft-high-quality interior materials

Cons
• Its touchpad isn’t as intuitive as a touchscreen
• No hybrid version available
• Its 350 trims are not as driver-focused as its rivals.

Overall Assessment
While the Lexus GS may not be as fast as its main rivals, it acquaints itself on the comfort and spaciousness front. Its plush interior and substantial trunk are its key selling points. This is the vehicle to buy if you are looking for that thrilling sports sedan experience. But all this doesn’t come cheap.

The Bottom Line
There you have it, our 2021 luxury car review with some of the most interesting options you should find on the market come 2021. Luxury cars have never been more affordable than they are today. And we should expect their prices to keep dropping while still maintaining their plush, exquisite designs.

Compare Top Auto Insurance Companies-Get Better Insurance Today

Posted: February 3, 2021

Buying a new vehicle is everyone’s dream and an exciting experience. However, vehicles are expensive, and consumers need to protect their investment with car insurance. The insurance covers your car in case of an accident and protects the driver from certain liabilities. When searching for a reliable car insurance company, look at the coverage options, […]

Credit Cards with the Best Incentives!

Posted: January 26, 2021

Credit card incentive programs or rewards give back to you for every dollar you spend doing shopping or paying for a service. They reward you in cash backs, hotel and airline points, free gas and more. To benefit from the incentives, you are supposed to spend responsibly and pay your balances in full every month. […]

Is the Honda CR-V the Best Mid-Sized SUV?

Posted: December 16, 2020

If you’re in the market for a new car and wondering which SUV is right for you and your family, look no further! Today we’re breaking down some of the best SUVs on the market today and what makes each special. Important aspects, like price and average gas mileage, are high on our list of […]

Fall Sale: New Truck Deals

Posted: October 31, 2020

Trucks deals are a bit harder to find this year, but there are deals to be found, especially over the Labor Day weekend. Here’s what our team found Best Full-Size Truck Deal: Ford F-150: Offer details include 0% financing for 72 months. The only exclusion is that F-150 Raptors are not included with this incentive. You […]

Roadside Assistance- Why You Should Invest

Posted: October 12, 2020

As a single female, my parents always instilled in me the value of roadside assistance. Every year I would have a mishap. I wasn’t the type of person that liked to bother friends or family. I didn’t have a partner, so I just found ways to get my needs met. Some of this involved learning […]

Car Insurance: Quote Consideration Factors

Posted: September 14, 2020

How do you know if you found the right car insurance company and are getting the best quote ? Before you make a decision on which company to buy car insurance with, you should be aware of the factors the insurance companies consider when they give you a quote: The Devil is in the details: […]

January 27, 2021
Learn How to Cash in on Amazing Rewards From These 4 Credit Cards

Saving money is incredibly important for any family. You want to be able to make the holidays memorable, but gift shopping gets expensive. That’s why it’s essential to explore all options to make the most of your money. One of the easiest ways to save money and get cash rewards is by getting a credit card. There are tons to choose from with all different types of rewards. That’s why we’re here to help.

What Do You Want Most?

Deciding what’s most important to you for your credit card is the first step to making the right choice. Do you want a credit card that will give you cashback on your most frequent purchases? Do you want a card that gives you frequent flyer points so that your next airplane ticket is discounted (or free?) Or do you enjoy staycations? Whatever you want to focus on there’s a credit card to match.

You’re a world traveler

Traveling new places is a great thing to be able to do. For some people it can be an expense they can’t quite afford though. That’s why it’s helpful to enlist your credit card company to foot the bill.

The first place to start is with a broad credit card like the Capital One Venture Rewards Credit Card. The card offers double miles on all purchases and has a promotion where you can earn ten times the miles when staying at certain hotel brands. Importantly, there are no blackout dates with this card, and the points can be redeemed at any airline or hotel. There aren’t any expiration dates on your miles, and there’s no limit to how many you can earn. You can also transfer your miles across to other loyalty programs.

Frequent Travel Pays Off

The Chase Sapphire Preferred Card is a highly sought-after credit card for airline miles for a number of reasons. Firstly, the intro bonus is very generous. If you spend $4,000 through the card in the first three months of owning it, you get 60,000 bonus points. That translates to about $750 in travel rewards, which is a lot to earn just for using your credit card. You also get reimbursed for the $85 TSA precheck fee or $100 Global Entry fee. Add all this together and the card can easily pay for itself.

Dining and Entertainment

For those of you who don’t have the time to jet off to new locations, there’s a credit card to fit you too. The Capital One SavorOne card is the one for you. It will reward you with 3% cashback on dining and entertainment, 2% at grocery stores and 1% on all other purchases. There’s no annual fee and you can earn a $150 bonus if you spend $500 in purchases in the first 3 months. Another great benefit is that your cashback rewards don’t expire. That way you can use them when you need them.

Just Give Me the Cash

If you don’t want a card with a fancy rewards system, but you wouldn’t mind a little cashback in your wallet, you aren’t alone. The Discover it Cash Back Card would be an excellent choice. With this card, Discover will match all the cashback you’ve earned at the end of the first year automatically. They also offer different killer deals each quarter. They choose a popular category and offer you 5% cashback (up to $1500.) Once you’ve hit that cap, which isn’t difficult, they then offer you 1% on all your purchases in that category.

January 27, 2021
Is Your Card This Good? Best Credit Cards with No Annual Fees

It can be hard to build your credit. Credit cards come in so many varieties. How can you figure out which one is the best for you? To help you decide we’ve rounded up a selection of some of the best credit cards with no annual fees. These are some of the best credit cards you’ll find for building credit!

Best Credit Cards with No Annual Fees

Discover it Cashback Match Card

This no-fee cashback card is an interesting one. You get one percent cashback on all purchases, which is standard for cashback. However, each quarter a new category of five percent cashback is in effect. For example, some quarters will have restaurants as a five percent category while others will have gas stations in that slot.

While the quarterly bonus rewards are nice, the best part is the introductory period. For the first 14 months the card has zero interest! After that it reverts to between 13.49 percent and 24.49 percent APR.

Citi Simplicity Card

This straightforward no-fee credit card is great if you just want a simple card for daily use. It offers an 18-month period of zero interest and has no annual fees. To get accepted for the card it’s recommended that you have credit between 690 and 850. Overall, this card is a fantastic deal. On the downside, there are no rewards associated and the rates are somewhat high after the introductory period.

That said, this card is worth it for the introductory period alone. No annual fees and no interest for 18 months is a hard deal to beat!

Citi Double Cash Card

This Citi card has no annual fees and is one of the best cashback cards you can get. It’s recommended you have between 690 and 850 for your credit score to get approved for the card. This card charges zero interest for the first 18 months, which makes it very attractive for new cardholders.

The card gives you one percent cashback on all purchases. While it doesn’t have rotating cashback categories, you do get the awesome 18 months of no interest. Additionally, there is no limit on the amount of rewards you can receive. After the introductory period, the card reverts to between 14.99 percent to 24.99 percent APR.

January 27, 2021
Back to School Tips: What to Buy and How to Save

When you’re shipping your little ones off to school, the last thing you want is for them to be underequipped. In the modern classroom, things are fast-paced, interconnected and competitive. Getting high marks is harder now than ever before, so making sure your kids are outfitted with the best gear is a must to help them stay competitive. Today we’re going over the must-have tech and best deals you can find on back-to-school gear.

Back to School Tips

Only Shop Deals

Between buying back-to-school clothes, school supplies and new tech the kids might need for school, you might find yourself spending a lot of money on them. This is why we highly recommend you only shop for deals this time of year. If you just buy the first thing you see every time you walk into a store, you’re going to find yourself seriously strapped for cash in no time.

Make sure you’re getting deals on all school supplies that start around at least 40% off. For clothes, buy either steep discounts, like 30% off or better, or buy secondhand clothes that are significantly cheaper than brand-new. When it comes to tech, it’s okay to buy laptops or tablets that are a few generations behind to save a few hundred bucks. Make sure you make that cash last!

Don’t Get Distracted

There are tons of gadgets and gizmos that you might think the kids could need for school. Things like e-readers might seem like sensible purchases until you realize that a tablet does the same thing, but can also double as a notepad and research aid. Don’t let marketing hype trick you into buying tons of stuff that your kid doesn’t actually need for school.

Another example of this is stores selling back to school clothes in big “sales events” without actually offering significant discounts. Remember, there are tons of stores you can go to in order to find deals on clothes. If you go to a department store and see absurdly high “sale” prices on clothes, it’s best to leave and look for better deals elsewhere.

Power vs Convenience

If you plan to buy your kid a laptop for school or for college, it’s best to know what you’re looking at. A lot of high-end laptops might look like they’re great for students, but think critically. How much power does a student really need to write research papers and type notes? A super high-end processor and a 4K screen might be a bit of overkill on a device meant to help with studies.

We recommend prioritizing a smaller laptop, something like a Chromebook or a netbook. These are less expensive than high-end gaming laptops, offer a smaller, more portable profile, and don’t guzzle battery charge as quickly. These things all make them ideal for putting in a school bag and carrying from class to class to take notes. Your tech-savvy youngster might be begging for a super-powered laptop with tons of RAM and great graphics, but they’ll appreciate not lugging that heavy beast all over campus.

Fitness Tracker

If you’re sending a kid off to college and they seem interested in fitness, it might be worth looking into getting them a fitness tracker. Examples like the FitBit and Apple Watch are great for keeping track of time spent exercising and calories burned. They can also serve as handy ways to keep from opening the smartphone and scrolling ad infinitum when it’s study time!

Many people who use smart watches or fitness trackers that pair with their phones have noted their time saving functionality. Since you don’t have to open your phone to see the time or check an incoming message, you don’t have the same desire to start scrolling through your social media feeds. This frees up that much more time to study and do schoolwork!

January 27, 2021
Credit Cards with the Best Incentives!

Credit card incentive programs or rewards give back to you for every dollar you spend doing shopping or paying for a service. They reward you in cash backs, hotel and airline points, free gas and more.

To benefit from the incentives, you are supposed to spend responsibly and pay your balances in full every month. So, before deciding which credit card to apply for, ask yourself, what are your spending habits? How many categories do you like spending on? What types of rewards would be more beneficial to you? With the answers to these questions, you will be able to pick the right credit card for you.

What to Know About Credit Card Rewards
Before diving into the rules, it’s important to understand what entails a rewards card. If a card offers you the opportunity to earn points, miles, or cash backs, it’s a reward card. They either provide you with flat-rate rewards (rewards of the same amount) or bonus rewards on specific categories, for instance, increased rates on dining out or groceries.
Reward credit cards, therefore, encourage you to pay via credit cards instead of cash or debit card. Rewards, however, have rules. One of them is that it becomes confusing to navigate your card’s program if you are allowed to redeem rewards. Also, if you have up to four credit cards like the average American, it will be hard to understand the ins and outs of multiple incentive programs, especially if there is a mix of points, cash backs and mile cards. Let’s review credit cards that offer hard to find incentives.

1. American Express® Gold Card
If your heart beats for food, then the American Express® Gold Card is best suited for you. Whether you love preparing terrific dishes at home or dining out, this card rewards you a competitive 4X points for every dollar you spend on any restaurant worldwide or U.S. supermarkets (for up to $25,000 annually in purchases, then 1X). Travelers can also benefit from the 3X point rewards on flights, but they have to book directly with airlines or use Amextravel.com to get these rewards.
However, the value of the points depends on how you redeem them. There are many ways you can spend them. You can use them to pay retailers like Amazon or redeeming for gift cards. You can use them to redeem statement credit to book travel.
Travelers get an annual $100 airline fee credit, which covers in-flight beverages, food, seat upgrades, and baggage fees. What’s more, there is a $120 annual dining credit. This totals to $220 in annual rewards. The card has a $250, meaning the rewards you earn help “pay” the card.

Pros
• Strong incentive program with 4X points on dining and 3X on flights.
• 35,000 Membership Rewards points welcome bonus for spending $4,000 within the first 3 months.
• Up to $120 in dining credits and $100 in airline fee credit. They also have a $100 hotel credit.
• No purchase fees charged outside the US.

Cons
• Doesn’t come with an introductory APR period.
• $250 annual fee.
• It’s a charge card, and it requires you to pay your balance fully in each billing cycle.

2. Chase Sapphire Preferred® Card
Compared to Chase Sapphire Reserve, Chase Sapphire Preferred® Card has a broader appeal and similar features and a high-sign up bonus but at a lower annual fee of $95. Chase Sapphire Reserve comes with a yearly fee of $550, and we don’t recommend it.
The Sapphire Preferred® Card gives 2X Ultimate Rewards points on dining and travel, while Reserve offers 3X points. Preferred Card also offers 5X points on Lyft and 1 point for every dollar spent on anything else.
Each point is worth a lower 1.25 cents a piece on every travel booked via Chase, but they can be transferred to hotel loyalty or frequent flyer programs. The credit card does not provide annual travel credit, but it has a car rental primary coverage as well as purchase protection and trip delay protection.
You earn 80,000 bonus points if you spend $4,000 or more on purchases in the first three months since the account opening. You get $1,000 toward travel when you redeem those points.
Many people prefer Chase Sapphire Preferred® Card because of the incredible sign-up bonus, the travel perks, and other benefits at a lower price. If you eventually decide to try Reserve, you can upgrade from Preferred.

Pros
• High sign-up bonus with lots of points.
• A powerful travel coverage
• Has partnered with major airlines and hotel brands
• Comes with a bonus category for consumers who aren’t spending on air travel at the moment.

Cons
• The card doesn’t offer any statement credit benefits, including Global Entry/TSA PreCheck application fee credit.
• Earns points more slowly that Reserve.
• No annual travel credit.

3. Southwest Rapid Rewards® Priority Credit Card
When it comes to flexibility, Southwest Airlines Rapid Rewards takes the airline medal. The airline also offers two free checked bags for every passenger without the need for a credit card. Many families prefer Southwest Airlines because of these benefits.
The Southwest Rapid Rewards® Priority Credit Card earns 2 points for every dollar spent on Southwest flight on their Rapid Rewards program. It also earns 2 reward points for every dollar spent on other purchases.

They charge an annual fee of $149 and earns 40,000 points for $1,000 spent on the first three months from the date of opening your account. Another benefit of this credit card is that you can rebook your flights after prices go down. The only drawback is the Southwest’s lack of assigned seating, which is a turn off for most passengers.

The Priority Card also offers a $75 Southwest travel credit annually. They also add 7,500 bonus points on your cardmember anniversary every year and 20% cashback on inflight purchases.

What’s more, if you combine the rapid rewards card with a business card, you will come close to earning 125,000 point total required to get a Southwest Companion Pass. This gives you the ability to take a loved one or friend with you without paying a cent, and it could save you thousands of dollars.

Pros
• You earn 2 points for every dollar you spend
• 40,000 points upon spending $1,000 in the first 3 months.
• A more convenient annual fee of $149.
• Rewards you with $75 Southwest travel credit every year.
• You get 7,500 bonus annually on cardmember anniversary.

Cons
• No credits for an expedited airport security program.
• Southwest doesn’t have a smaller international reach.

4. Blue Cash Preferred® Card from American Express
If you are not super excited about earning reward points which are valuable but tricky to redeem, and you prefer cash back, then Blue Cash Preferred® Card from American Express is the best option for you, even though it has a $95 annual fee.

The added much-needed features in 2019, which included valuable bonus categories due to the changing consumer habits. They also launched a new streamline service, which gives cardholders a 6% streaming, a category which other cards don’t recognize. That was an addition to already existing categories of 6% cashback on US supermarket purchases.

The card from American Express comes with other packs, including several travels and purchase protections. Cash backs are in the form of a statement credit, which can be used to “erase” purchases. To earn more cashback instead of points and miles, you can refer to their website for more information.

This card is every commuter’s dream, thanks to its unlimited 3% cashback on gas or transit (including taxis, tolls, ride-shares, trains, buses, and more). The card does not earn membership rewards points, but it remains a simple way of earning rewards on the things you spend every day.

Pros
• A $250 statement credit upon spending $1,000 on purchases within the first three months.
• Bonus cash backs on useful categories.
• Generous bonus rewards at US supermarkets.
• Intro APR offer.

Cons
• Unlike many cash-back cards, they charge an annual fee.
• If you exceed $6,000 in expenses at US supermarkets every year, you may need to use another card.

5. Capital One® Venture® Rewards Credit Card
Capital One’s travel incentive program is not as lucrative as the offer from other banks, but they recently expanded their credit benefits. They added airline transfer partners and launched transfer bonuses. Even though the transfer value is not as great as the one with Chase, Capital One miles are easy to earn and use.

The Capital One® Venture® Rewards Credit Card earns 2 miles for every dollar spent on purchases. The miles can then redeemed as a statement credit and used to “erase” travel purchases. For instance, if you buy a flight ticket, let’s say of $500, you can cancel it with 50,000 miles.

Ventura comes with a $95 annual fee, which is lower compared to other rewards cards. Also, cardholders receive a credit for a Global Entry or TSA PreCheck application after every four years, for up to $100. This is a perk that can save you a lot of money if you not just time but also money.

The card doesn’t have any foreign transaction fees and also includes additional travel perks, which include 24-hour travel assistance services, travel accident insurance, and auto rental collision damage waiver.

Pros
• 5X miles on rental cars and hotels booked via Capital One Travel.
• TSA PreCheck application or Global Entry credit of up to $100 every 4 years.
• Annual fee waived in the first year.
• No bonus categories you need to follow.

Cons
• Other credit cards have higher rewards.
• No introductory APR.

6. Wells Fargo Propel American Express card
If you are looking for the best option for gas rewards, Wells Fargo Propel American Express Card is the best choice. What’s more, it’s completely free, and there’s no annual fee. Propel offers an affordable way of earning a fixed value points on all categories you spend on daily.

Earning a 3X on so many categories is like a free ticket to heaven for a no-annual-fee card, making this card the best option for beginners who have not tried the rewards game yet.

If you have the Wells Fargo Visa Signature card, which is yet another no-annual-fee card, every point could be worth 1.5 cents. However, this is not a better reward card than Propel for travel experts. It lacks transfer partners, and Propel helps beginners a lot out of it.

This card offers zero interest on every purchase or balance transfers for a whole year. It then provides 14.49% to 24.99% variable APR in the following year.

Lastly, they also offer cell phone protection against theft or damage for up to $600 per claim or $1,200 per 12-month period. However, to get this reward, you must pay your bills with a Wells Fargo Propel Card.

Pros
• No annual fee
• 0% APR in the first year.
• No blackout dates on air travel.
• No fees are charged on all purchases made internationally.

Cons
• Balance transfer charged 3% fee.
• You can only redeem a minimum of 2,500 points.

Hidden Benefits
Credit cards have quite a few hidden perks that save you money and offer more protection. Here are some of them.

Credit Card Price Protection
If you buy an item only the price to drop after a few weeks, you may be pretty disappointed. Luckily, some of these credit cards, such as Citi® Double Cash Card or Chase Sapphire Preferred Card, may come through for you. They offer more than 60 days of protection. If they find a lower price in the offer, the difference is credited back to your account.

Cell Phone Coverage
How many times have you dropped your phone or lost it, never to find it again? Luckily, credit cards offer cell protection as an added perk.
Some coverage will only cover a stolen phone with a police report for proof. Others pay damage costs.

Delayed/Lost Luggage Protection
Some cards offer protection for lost or damaged baggage while others cover both. When you lose your luggage after a flight, you are never offered much help.
If you have this type of coverage, and you have an essential meeting to attend, but you lost your luggage, you can pass by the suit shop instead and head to the meeting right away.

Bottom Line
There you have it. There are so many rewards and benefits you can get from your credit card. However, you need to apply for a credit card that is better suited for your needs. If you are a beginner, the Wells Fargo Propel is the best choice for you. However, if you have a mix of cash backs, miles, and points from different issuers, you will not be able to combine the rewards.

January 26, 2021