Health care & health insurance are important aspects of your life here and require careful thought and planning. The cost of health facilities is very high all over the globe. If you are in your home country you can calculate and spend on health problems because you will know the cost. But what if you are in some overseas country where you will have no one to provide you information regarding health related costs and problems? This is where you will need an international health and medical insurance. International health and medical insurance is a perfect insurance policy to buy before you step out of your own homeland to some other country.

Nowadays you may articulate that your normal health insurance will provide you with international health insurance. But it is really important for you to keep in mind that your regular insurance may not cover international travel. In most cases, your existing insurance will not provide adequate protection for personal emergencies, accidents, injury and illness. At the same time you may not be eligible for participation in the government-sponsored plans where you are planning to go. In this case, your monetary condition will be jeopardized if you do not procure an international health and medical insurance.

This is even applicable with you family members. It is your primary responsibility to ensure the good health of your family members and especially when they are in some distant land. Almost all medical insurance companies provide international health and medical insurances for individuals, families and groups. There are some insurance companies that provide affordable international medical insurance to missionaries who go to distant and far away lands to serve people and spread the messages of God.

International Health and medical insurances comes in short term health insurance and long term health insurance. Short term benefits can be made available for a short term stay of say 2 weeks, or 2 months. But if plan to go to other countries for a longer period say for one year or more then you should definitely go for long term or annual internal health and medical insurance.

By and large the following is covered under international health and medical insurance:

Inpatient & Outpatient Medical; Prescription Drugs; Emergency Dental; Emergency Medical Evacuation; Emergency Reunion; Trip Interruption; Accidental Death.

Before undertaking any insurance policy it is very vital to do a detailed investigation of the various plans available in the market of UK. Now you don’t have to run from shop to shop to find the perfect plan. All you have to do is to go online and browse through the pages and information which are made available by various insurance companies.…


An investment is an exposure of cash that has the objective of producing cash inflows in the future. The worthiness of an investment is measured by how much cash the investment is expected to generate.
The analysis of return on investment is a financial forecasting tool that assists the business manager in evaluating whether a proposed investment opportunity is worthwhile within the context of the company’s business objectives and financial constraints.

The investments to be analyzed have some of the following characteristics:

  • A major amount of money is involved.
  • The financial commitment is for more than one year.
  • Cash flow benefits are expected to be achieved over many years.
  • The strategic direction of the company may be affected.
  • The company’s prosperity may be significantly affected if the investment is made or not made.

Investment decisions should be analyzed carefully because such analysis is of assistance in the decision-making process and because the decisions are irreversible, have long-term strategic implications, are uncertain, and involve considerable financial exposure.

Assistance – Forecasting the future performance of a proposed investment requires the analyst to identify all the issues and effects, both positive and negative, associated with the investment. While this does not eliminate risk, it does lead to a more intelligent, betterinformed decision-making process. Facts and expectations based upon research and strategic thinking are incorporated into the forecast. The results of the financial analysis do not make the decision. People make decisions based upon the best available information. A capital expenditure requires significant funds and corporate commitment. It is vital that these decisions be well informed.

Irreversible – Operating decisions, such as scheduling overtime or purchasing larger amounts of raw materials, can be changed when the environment or circumstances change or when it becomes obvious that a mistake was made. With these decisions, the need for correction can be readily determined and the actual change can be implemented quickly, with minimal financial penalty. A capital expenditure decision, such as purchasing machinery, can also be changed. In this case, however, the financial penalty can be substantial. Having installed equipment sit idle because customer orders dried up or never materialized can be severely damaging. Changes in customer preferences that are not recognized before assets are purchased and installed can be even more damaging if the company cannot or is unwilling to admit the mistakes and take corrective actions. The discipline of analysis and forecasting should minimize the occurrence of this type of event.

Long-Term Strategic Implications – Locating an operation in a certain part of the country or of the world, building a factory in a certain configuration, and deciding what kinds of machines are needed and how many are all decisions that will affect the way the company conducts its business for many years to come. These decisions may very well contribute to the company’s future prosperity, or the lack of it. Companies can face such risks as:

  • Critical raw materials becoming depleted
  • Rail transportation service being terminated
  • Manpower and/or skills shortages occurring

The discipline of the forecasting process forces companies to identify, evaluate, and resolve these risks and vulnerabilities.

Uncertainty – The ability to predict the future is becoming more difficult and complex for businesses. Markets, customers, competitors, and technology have made the need for strategic discipline more critical than ever before.

Financial Exposure – In addition to the uncertainties and risks involved, the sheer amount of funds that must be committed to a major investment requires that all available facts and issues be identified and evaluated. If additional debt is directly or indirectly involved, the analytical process is even more critical. Involving banks or other sources of external financing is often very helpful. Banks are riskaverse businesses. They will not lend money unless they are convinced of the merits of the proposed investment. Lenders often protect their clients by identifying risks that the clients had not identified or had underemphasized. In this situation, the forecast becomes a selling document as well as a decision-making tool.…


In this article, I discuss the beginnings of the investment process. Selecting securities isn’t the first thing investors do; choosing investments is just one of many elements in the process.

The following checklist outlines how you can build a successful investment plan that meets your individual needs and goals:

Setting realistic expectations

When you start your investment program, don’t expect to become a millionaire overnight. History has shown that the market has many ups and downs. However, when looking at the long term (five years or more), investors have been rewarded for their patience. Additionally, riskier investments held over the long term provide higher rewards than low-risk investments. As you can see from the following statistics, less risk equals less return. For example, the 73-year average annual return (1926 to 1998) for U.S. Treasury bills was 5.7 percent, the return for long-term corporate bonds was 5.7 percent, and the return on the S&P 500 Index was 11.2 percent.

Determine where you stand.

Gain a good understanding of what your financial commitments are now and in the future. Make certain that you have an emergency fund and a savings plan.

Clearly state your financial goals.

How much do you need? When do you need it? How much risk can you tolerate? If you lost the principal of an investment, could you mentally recover and invest again?

Determine the appropriate allocation of your personal assets for your age (young adult, middle-aged, retiree, and so on). Develop a regular investing program and stick to it regardless of market volatility.

Select the investments that meet your financial goals and risk-tolerance level.

How much time do you have (in years) to invest? Should you be an active trader and invest often during the day or a passive investor with a buy-and-hold policy?

Analyze your investment candidates.

Before you call your online broker, make certain that you can tell a child in two minutes or less why you want to own a particular investment. Determine how long you plan to hold the security and decide at what price you will sell (and take your profits or cut your losses).

Select an online broker that suits your needs.

Avoid mutual fund loads (a sales charge added to the purchase or sale of a mutual fund) and high fees. Use automatic investment plans, dividend reinvestment programs, investment clubs, and other programs to reduce brokerage commissions.

Monitor your portfolio and reevaluate your goals on a regular basis.

Rank the performance of your investments and make the appropriate changes. You can expect that changes in general market conditions, new products that are introduced, and new technology will change how established businesses operate. Use this information to gain an understanding of when to hold and when to fold.…


As the seasons change, many times your local thrift and consignment stores will have a change in inventory. So, be sure not to miss out on decorating supplies, furnishings, accessories, paint, wallpaper, and fabrics that can be found at many thrift stores. But, before you go shopping, make a plan that incorporates items you already have into your decorating task. The best strategy in budget decorating is to always inventory and use what you have on hand before buying decorating supplies. Be sure to check out the garage, attic, and/or basement for useful materials or furnishings that can be recycled into a new decor.

Shop in your own home first!

Consider moving items from one space to another. Sometimes pulling items from one room to another and simply re-organizing, fixing up, or just using an item in a different way can be enough to jazz up a room. Add a fresh coat of paint, different window dressings and rearrangement of furnishings, and WHA LAH! You have a new room.

Need some paint?

If you can be flexible about color, check the mis-mixed table at your local home improvement, hardware, or paint stores. You can find high quality paints for a fraction of the original retail cost when colors don’t turn out exactly as they should have. Sometimes you can find a slight variation of just the color you’ve already picked that will work just as well with your selected color scheme and save you lots of money.

I buy these mis-mixed paints (usually for $2-3 per gallon or less) throughout the year and store them appropriately for later use. This way I go shopping in “my own” paint department first to see if I can accommodate the decorating plan I have chosen. Planning ahead and grabbing these types of decorating supplies when they’re a bargain is a great way to maximize your home decorating savings.

Collecting fabrics

for future use is also another great idea. Even unwanted clothing can be used to create small window dressings, pillow covers, and accessories. Many people give away scraps of fabrics or sell them at yard sales. Be sure to check clearance and end piece items at sewing and fabric shops. It’s really so simple to make a curtain or a pillow. Usually only requires sewing simple seams. For more complicated tasks, if you can’t figure it out for yourself, you’re sure to find a how-to book at any library or search on-line for free information.

I’ve found some excellent ideas for decorating on a budget, do-it-yourself projects, and decorating theme ideas from television, how-to books, and online home decorating sources. Benefit from some of the wonderful ideas and projects offered by professionals. You can get some great ideas for areas of your home that you just don’t know what to do with.

Before you make your plans

Check out several books at the library on home decorating. You will find no shortage of books on the subject of do-it-yourself home decorating. Glance through them and grab ideas to incorporate into your own decorating task. If you have a specific challenge to overcome, likelihood is someone else has already encountered it, conquered it, and written a book or web page about it. Use their knowledge! It will save you time and frustration of figuring it out.

Make your own accessories

Learn to make swags and wreaths. Swags and wreaths bring texture and color into a space and can be fairly simple to create. A simple how-to book is all you need to create a few decorative pieces. Wreaths can easily be adapted to suit any theme or color scheme. And, handmade ones are a fraction of the cost of those purchased already made. Swags are sooooooo easy to make once you have the right supplies and tools. Like wreaths, they have a basic structure that can be adapted to suit any theme or color scheme. Once you become an experienced swag or wreath crafter, you can whip together an accessory for any decor in a matter of minutes.

Tip: Some people grow to love the craft of wreath making and it becomes a useful hobby. They make great gifts!

Don’t over accessorize
If you have collections, group them together for the best displays. Your trinkets and treasures will look less like clutter and more like valued collections.
Happy Decorating!…


If you are a couple who both use the same account or even dealing with separate accounts and checkbooks, your goal is to control your budget with proper maintenance. You and your spouse or partner will have to design your own system, but it should include the following five principles so you’ll spend only what your income allows according to a predetermined plan.

A – Assigned accountability.

Each of you needs to have your own areas of budget responsibility. Someone needs to be in charge of paying the utilities and the rent or mortgage. Someone else may be in charge of the food, clothes and entertainment budget. You both might be responsible for gifts, vacations and so on. It’s not important who has what responsibility but rather that each of you understands what your accountability is for the budget.

B – Immediate feedback on how actual spending compares to planned spending.

This is similar to operating out of a cookie jar or an envelope. When the envelope or cookie jar is empty, you should stop spending. Your system, whether it involves a check register, literal envelopes or another system you design, should likewise give you immediate feedback on how you stand against your plan. My wife has a budget amount for which she’s responsible in our family, and she enters that in her checkbook at the beginning of the month. She can look in her register at any time and tell how she’s doing relative to our original plan.

C – Strict limitation of credit card use.

Credit cards should be handled just like checks. When cards are used, they’re entered in your check register as a check would be. Under the check number you merely put Visa, MasterCard or whatever card you use. Then you fill in the store at which the card was used and the amount, which is deducted from your bank balance just as if you’d written a check. That way, you’re effectively setting aside the money to pay the account balance in full at the end of the month.

D – Accumulation of all excess income.

If money is not spent by the end of the month, it should be put into a savings account or some other type of account (such as a money market fund) that can be used to make planned purchases. It can even be used as a reward fund. Understand, however, that this is money left over only after you’ve paid all your bills, including taking savings or investing out of your cash flow as a first priority. If you’ve already done that, the excess left in the checkbook really is underspending that can be used as you desire.

E – Flexibility.

It will take at least two years of living on a budget before you feel comfortable with it. Once the budget has been established and lived with, however, living within your income is extremely easy. But because circumstances change, a budget must be flexible. If you find you budgeted too low or too high in an account, the budget can be adjusted during the year.…