Family and Consumer Sciences

Live Smart Ohio

Ohio State University Extension

insurance

Insurance for Hidden Financial Obstacles.

Title: Insurance for Hidden Financial Obstacles. Earlier this year a former high school classmate, a couple of years behind me, and his son were killed in a motor vehicle accident. The emotional impact on those families involved must have been devastating. My thoughts went to a woman that lost her spouse and her son, children […]

WRITTEN BY: Ken Stewart, Family and Consumer Sciences Educator, Ohio State Univesity Extension, Monroe County

REVIEWED BY: Courtney Warman, State Specialist, Healthy Finances

PHOTO CREDITS:

  • Stock Photo

SOURCES:

  • Andrew Hurst, January 2021, Value Penguin Most Americans Can Be Fully Insured for 20% of Income
  • Consumer Glossary (naic.org)
  • 8 Types of Insurance You Can't Go Without - Ramsey (ramseysolutions.com)
  • What is Insurance? | Principles of Insurance | Types & Benefits (byjus.com)

REFERENCES:

  • https://byjus.com/govt-exams/principles-of-insurance/#:~:text=To%20ensure%20the%20proper%20functioning%20of%20an%20insurance,Indemnity%205%20Subrogation%206%20Contribution%207%20Loss%20Minimization

Insuring your furry family member

Sixty-three percent of U.S. households own a dog or cat, sales of pet care services are totaling at $5.8 billion dollars in the U.S., $123.6 billion U.S. pet industry dollars was spent in 2021 and by 2026 veterinary occupations are expected to grow almost three times faster than projected growth for all occupations. Our pets […]

WRITTEN BY: Candace J. Heer, Educator, Family and Consumer Sciences, Ohio State University Extension, Morrow County; heer.7@osu.edu

REVIEWED BY: Laura Halladay, Educator, Family and Consumer Sciences, Ohio State University Extension, Greene County; halladay.6@osu.edu

PHOTO CREDITS:

  • Phinneas E. Heer, 2022, taken by C.J. Heer
  • Binny at camp, 2022, taken by Laura Halladay

SOURCES:

  • American Pet Products association. Pet Industry Market Size, Trends & Ownership Statistics
  • American Veterinary Medical Association. U.S. pet ownership statistics
  • Consumer Financial Protection Bureau. Financial terms glossary
  • Consumer Financial Protection Bureau. What is insurance?
  • Forbes Advisor. Best Pet Insurance of 2022
  • Healthypaws Pet Insurance & Foundation. History Lessons: Pet Health Insurance
  • North American Pet Health Insurance Association (NAPHIA). State of the Industry Report 2022
  • U.S. Bureau Of Labor Statistics. Ahead of the pack: why are veterinary occupations growing much faster than average?
  • United States Census Bureau. Pet Owners Spending More on Time-Saving, Specialty Pet Care Services
  • U.S. News and World Report. Best Pet Insurance Companies of 2022
  • 2022 GlobeNewswire, Inc. North America Pet Insurance Market size to surpass $3.8bn by 2027, says Graphical Research

The Hidden Costs of Smoking

With the cost of a pack of cigarettes hoovering at an average of $6 in Ohio, there little room for argument that smoking isn’t a costly habit.  At that price, a pack a day habit would cost you more than $180 a month, or $ 2,190 a year. But the cost of cigarettes is only […]

Your Financial Life – What Your Credit Report and Credit Score Can Impact

We know having good credit is an important part of our financial lives.  It helps in getting a loan from a financial institution and obtaining a credit card.  Since a credit report and credit score help determine the interest rate we will be charged – good credit will insure the rate will be lower (and […]

WRITTEN BY: Candace J. Heer, Family and Consumer Sciences Educator, Ohio State University Extension, Morrow County, heer.7@osu.edu

REVIEWED BY: Joanna Rini, Family and Consumer Sciences Educator, Ohio State University Extension, Medina County, rini.41@osu.edu

SOURCES:

  • http://www.consumerreports.org/cro/car-insurance/credit-scores-affect-auto-insurance-rates/index.htm
  • https://insurance.ohio.gov/Newsroom/Tips/Pages/CreditScore.aspx
  • http://www.experian.com/blogs/ask-experian/credit-education/life-events/employment/
  • https://www.consumer.ftc.gov/articles/0152-credit-scores
  • http://www.dca.ca.gov/publications/landlordbook/looking.shtml
  • https://www.consumer.ftc.gov/articles/0157-employment-background-checks,
  • https://www.eeoc.gov/eeoc/publications/background_checks_employers.cfm

REFERENCES:

  • https://livesmartohio.osu.edu/money/rini-41osu-edu/your-financial-life-credit-reports/
  • https://livesmartohio.osu.edu/money/heer-7osu-edu/your-financial-life-credit-scores/

Watch for Money Management Programs on PBS

I wanted to alert you to two programs on money management that will air on Public Broadcasting TV stations.  Look for them on your local station.  They should be showing Wednesday, September 9th at 8 PM and 9 PM EDT.  See the descriptions below: “Families Stand Together: Feeling Secure in Tough Times” features brief documentaries […]

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