James Cummings, the author of numerous books in the management space and Founder and CEO of www.dailyposts.co.uk. If you’d like to submit a guest post to Money Q&A, be sure to check out our guest posting guidelines.

Developing an Effective Financial Plan for Your Business

28 million small businesses in the United States account for 54% of all sales in the country, are responsible for providing 55% of all jobs and 66% of new jobs since the 70s, and have added 8 million new jobs since 1990. With statistics like these, you might wonder why it’s so difficult for small businesses to secure loans from the big banks. Big banks are the preferred source for loans because they can afford to issue loans at lower rates than smaller banks, yet they are more frugal and more protective of their money.

Findings from a survey conducted by the Federal Reserve Banks of Atlanta, Cleveland, New York, and Philadelphia show that only half of the small businesses that requested for business loans in the first half of 2014 were able to get any funding. Ironically, the banks need these small businesses as much as the small businesses need them, especially with the rising trend of online lending. Yet, this does not seem to make much of a difference.

The recession was the worst for small businesses in need of loans and while many expected the tide to change once the recession was over, that hasn’t been the case. In fact, since the beginning of the recession, we have seen a decline of 20% in the total dollar volume of loans from banks to small businesses. What’s more, the figures seem to keep declining even further.
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Is Pet Insurance Worth the Cost?There are millions of pet owners in the U.S., which means pet supplies and veterinary care creating a multi-million dollar industry. Most of us would do anything to keep our favorite furry friends safe and sound, but at what cost? Even with adequate preventative care, veterinary bills still cost a fortune for some injuries and ailments, which can be disastrous for individuals and families who are already struggling to pay for their own health care-related expenses.

While human health insurance is assumed to be the answer to our species’ high health care costs, comparatively few pet owners have taken out pet insurance policies for their animals’ veterinary bills. There could be a variety of reasons for this – ranging from a lack of knowledge surrounding the potential costs of veterinary care to people assuming that pet insurance just isn’t “worth it” because nobody else seems to have it – though the fact remains that the cost versus risk calculation for pet insurance is still unclear for most pet owners.

You may want to check out Pets Best pet insurance. They have plans starting at only $16 a month and offer a 30-Day Refund Guarantee!

Is Pet Insurance Worth the Cost?

If you’ve considered taking out a policy for your cat, dog, or exotic pet, here are a few considerations to make before signing any paperwork:

Average Costs of Pet Insurance

The average cost of pet insurance (typically charged on a monthly basis) varies widely, depending on the type of policy/coverage, type of animal, and insurer. You can expect to pay between $10-80 per month for pet insurance on average, with lower end policies coming with high deductibles, annual caps, and more restrictions on what types of veterinary expenses are covered.

However, it’s worth mentioning that even higher-end policies may not cover 100% of your vet bills, and some pet insurance plans require that you pay your vet bills in full first, then receive a reimbursement later on after you’ve filled out the appropriate paperwork. [click to continue…]

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Top 4 Reasons You Might Want to Sell Mutual Funds You Own

I am a buy and hold investor. I do not like to sell many of my investments. I’m decades away from retiring, and I’m a long-term investor, to say the least. It takes a lot for me to sell mutual funds that I own. But, I have been known to transfer the assets from one […]

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Financing a Home Purchase: Demystifying the Mortgage Process and Making Your Dreams Come True

You’ve decided to look for your dream home in the area of your choice, you know exactly what kind of home you need, you’ve crunched the numbers and now you’re looking for a mortgage lender. How do you know that you are getting a reliable lender that will give you the best deal? Do you […]

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Top 5 Ways to Lower Your Car Insurance Bills

There are a lot of myths surrounding car insurance out there, from the color or sportiness of your car affecting your rates (or not) to the question of accidental coverage for instances when a driver other than the car’s owner is behind the wheel. To avoid confusion, it’s important to rely on research conducted by […]

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LearnVest Review – Affordable Investing Advice and Budget Strategies

Learning how to save money and plan your financial future shouldn’t require an expensive financial advisor to help get you started. This mentality is what convinced LearnVest founder Alexa von Tobel to drop out of Harvard Business School and start a financial services company dedicated to offering affordable advice and budget management strategies to everyday […]

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