provided by Published 9:00 am CDT, Friday, September 14, 2018 MoneyTips By Stephanie Braun, Director of Auto Product Management at Esurance Companies have collected data on their customers for decades. It allows them to offer more tailored services and products, and provide more relevant messaging. The reason data collection has gotten so much press lately is because it's reached unprecedented levels. Already, we create 2.5 quintillion bytes of data each day. In fact, 90 percent of the world's entire data reservoir was only created in the last two years. Automated technology like the self-driving car is expected to accelerate the quantity and quality of data that's collected — perhaps exponentially. Autonomous vehicles rely on real-time data collection to avoid accidents on the road and ensure engine performance. The suite of sensors and software in new cars, along with artificial intelligence, can collect and mine real-time data at prodigious speeds, creating … [Read more...] about Would You Share Your Driving Data To Save Money?
How to save money on your car insurance
Money-saving tactics can often be unrealistic or forced. There are easy ways to spend and save money every day, like removing stored credit card numbers, implementing a 48-rule of spending, and logging every expense. Here are 12 unusual ways you can save money every day. While you may already be familiar with some money-saving tactics – such as bringing your lunch to work instead of buying it or getting fewer cups of coffee out – there are more creative ways to save money every day that you may not yet be doing. After all, when it comes to money matters, every cent does add up – literally. For instance, I used to fall into the buy-lunch-at-work trap. Even though I’d aim to only spend up to $US10 per day in the work cafeteria or going out with friends, that number would often inch up. Once I added up how much I wasspendingper week, I realised that money was better off in savings or my emergency fund versus in overpriced lunches that I didn’t even … [Read more...] about 12 clever ways to save money every day, according to financial experts
If you’re looking for ways to save on your car insurance, there are plenty of steps you can take to lower your costs. You can start saving cash by asking yourself a few simple questions. By taking the time to evaluate factors such as your driving habits and your current credit score, savings is within your reach. Check out this handy infographic by Bankrate.com. Recent Lifestyle ArticlesWhat's New in TechnologyBlack Enterprise Lists (Most Powerful, Best, Top, etc.) … [Read more...] about Infographic: How to Save Money on Auto Insurance
Remember that one time you spent four years living with roommates, studying around the clock and eating microwaved ramen? While pinching pennies as a 20- or 30-something, maybe it hit you: You could save a lot by returning to that frugal student lifestyle. When you look at old bank statements from those school years, you might marvel at how little was spent on, well, everything. But you don’t have to return to dorm life to save money. Just tackling your financial goals with a scrappy college student mindset may be enough. Splurge selectively While attending Rice University, Kay Rodriguez, now 25, lived frugally so she could spend on what mattered to her: travel. “Travel is sort of my big splurge whenever I make one,” says Rodriguez, of Washington, D.C., who founded the travel blog Jetfarer. In college, she set up a high-yield savings account specifically for saving for travel. She also spent less on other items, such as dining and entertainment. Today, Rodriguez … [Read more...] about To save money, revive the frugal ways of your college days
Homeowners might be feeling richer lately, and it’s not necessarily because the recent tax cut has left more dollars in their paychecks. Rising home values are creating record levels of home equity. Recent data from the Federal Reserve show that American homeowners have an estimated $14.4 trillion in equity, an amount that grew by nearly $1 trillion last year. “People have more home equity now than they did at the height of the housing bubble, partly because of climbing prices and partly because people are staying in their homes longer, which gives them more time to appreciate,” says Joe Mellman, a spokesman at the consumer credit reporting agency TransUnion. “At the same time, we haven’t seen people borrowing as much from their home equity as they did in the past.” Equity, which is the difference between your home’s value and your mortgage balance, accumulates from paying down your loan and from the increase in home prices. Since May 2012, … [Read more...] about Ways to cash in on your home equity and the tax implications of doing so