Should Your Family Buy Dental Insurance?

Should Your Family Buy Dental Insurance?

Good oral health is very important because it can prevent serious diseases and infections. However, the costs of regular care can add up and you might need to consider dental insurance. Having dental insurance can help cover the costs, but make sure you review all the factors first.

Consider Your Needs

Before jumping in with two feet, take a moment to think about the needs of your family. One thing to think about is the number of people in your family. If you have a relatively small family, it may be easier to pay out of pocket since you will have fewer people to cover the cost of. Larger families may struggle making out of pocket payments. You can also consider the hygiene of your family. If everyone practices good oral hygiene, you may have less need for dental care and it would be easier to pay out of pocket every once in a while. You should also consider how feasible it would be to pay for more serious needs.  While you might be able to afford regular cleaning out of pocket, it may be harder to cover other unexpected dental work including braces.

What’s Not Covered

It’s also important to know what is and isn’t covered by insurance. This can help you know whether or not it will be worth it for your specific needs. For example, cosmetic dental work such as dentures or veneers are not always covered. Traditional dental veneers can typically cost up to $1,500 per tooth. Certain oral surgeries and other services might not be covered. This includes root canals, crowns, or implants. There are some plans that may provide money towards these services, but it’s still likely that you will be responsible for the majority of the cost.

Different Types of Plans

While considering whether or not to purchase dental insurance, you should be aware that there are different plans and their price and coverage vary. Some plans have certain requirements or limitations. In plans like this, such as a Dental Preferred Provider Organization (PPO), your costs will be lower but you have to see only dentists within the network. Plans such as Dental Indemnity Plans, give you more freedom but at a higher cost. Consider your financial situation as well as your preferences as you review different plan options.

Dental insurance can be very helpful for covering the costs of your dental care. However, dental plans are not one size fits all. Before purchasing a plan, make sure you review your needs and determine what will work best for you and your family.

Read this next: Why Many Families Go Underinsured and Why It’s Risky

How Your Household Can Become Debt-Free

How Your Household Can Become Debt-Free

Debt can be quite the figurative millstone around your neck. Even “good” debt, such as car loans or mortgages, is often a significant financial burden to many. While paying off all your debts can be difficult, there is a financial freedom that comes from being debt-free that makes the effort well worth it.

Prioritize High-Interest Debt

Interest is one of the potentially frustrating aspects of taking loans or having debt. It’s the price you pay to use money that isn’t yours, and means that by the end you pay more than you borrowed, potentially far more. Different debts will have different interest rates. The higher the interest rate, the more money you’ll have to pay out by the end of it. Focus on paying off debts with the highest interest rates first. This will help you save some of your money that can then be put towards paying off other debts. This method does have some pros and cons you’ll need to weigh, but it is an effective method if it works for you.

Use Raises and Bonuses to Pay Debt

Receiving raises and bonuses at work gives you extra income that can be a great way to pay your debts off sooner. You’re already accustomed to living off of what you had been making, Putting the extra towards your debts shouldn’t be too much of a burden, especially if you were already living within or below your means. You can use the additional money to make extra payments towards your credit card debts, car loan, or even your mortgage. Advanced payments on your mortgage help reduce the total amount of interest you will pay over the life of the loan.

Consolidate Your Debt

If you have multiple forms of debt, it can be tough to keep track of all of them. Managing separate due dates and payment amounts can be tricky. Making a mistake can create an unnecessary financial burden to correct. You may find it beneficial to consolidate your debt. Take out a low interest loan to cover debts with higher interest and work to pay off one debt instead of multiple to save some money and your sanity.

Becoming debt-free is possible. Work on eliminating your debt by prioritizing debt with high interest rates, use any raises or bonuses to pay it off, and consolidate your debt if it makes sense for you to do so. It takes a lot of time, work, and discipline, but the freedom that comes from being debt-free is truly liberating.

Read this next: More Ways to Save Money on Your Utility Bills

How to Make Extra Money on the Side With Your Car

How to Make Extra Money on the Side With Your Car

Having a family can get expensive, but when you already have a car to get your family around, you can use it to make a little money on the side as well. It has never been easier to use your car to make extra cash for your family, so you may as well start now and see how much just a little work can help you out!

Join a Delivery Service

One great way to use the family car to make extra money is joining a delivery service. Right now, there are many opportunities to deliver goods as a freelance driver. From groceries to take out, drinks, and even packages, there are tons of options for delivery services looking for new drivers every day. These jobs are great because they offer flexibility and you can create a schedule that works for you.

Make sure to research the various services first so you can find a side hustle that meets your needs, your schedule, and makes sense with your life. Whatever your needs, you can surely find a delivery position that will work for you.

Wrap Your Car

Another great and much more passive way to make money from your car is to get it wrapped and work as a traveling billboard. This works especially well if you already drive a lot, as in most cases you are paid for the amount of driving you do.

You will need to take the time to get your car wrapped, but once it is done, just doing your normal driving can make you money every day. Plan carefully for when to wrap your car as wrap installations typically take around 3 or 5 days to complete. But once it does, you have an easy way to make money built into every trip you take.

Drive for Rideshare

Ridesharing has become more and more popular in recent days, and there are plenty of ridesharing apps to look at and join. If you like driving around and meeting new people, this can be a great way to earn extra money with your family car. There are certain requirements of ownership and insurance that you will need to meet, but once you’ve met the guidelines, your car is good to go on your money-making journey.

Taking advantage of your family car is a great way to make money and still have the flexibility to do the things you want to do. Start putting your car to work today and make money driving around town.

Read this next: More Ways to Save Money on Your Utility Bills

Binging with Babish: Hors D’oeuvres Sandwich from Back to School

Binging with Babish: Hors D’oeuvres Sandwich from Back to School

Please donate to Americares to help victims of Hurricane Harvey!
https://www.americares.org/

Pre-order my first cookbook, Eat What You Watch: A Cleverly-Titled Romp Through the Fanciful Fêtes of Fiction! Really it’s just called Eat What You Watch, but I totally should have called it that instead.
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Rodney Dangerfield made a career on thumbing his nose at social mores, making sexual advances toward older women, and eating a giant sandwich made out of hors d’oeuvres. Today we’re honoring him, sandwiches, and the throngs of students returning to school with this towering example of 80s excess and flavorblindness. Recipe available in my book, coming out October 3rd!

Recipes coming soon to bingingwithbabish.com!

Music: “unna” by Broke for Free

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