- I tried to avoid it. I really did, but I’m still getting a much bigger refund than anticipated. #
- Did 100 pushups this morning–in 1 set. New goal: Perfect form by the end of the month. #
- RT @BudgetsAreSexy: Carnival of Personal Finance is live 🙂 DOLLAR DOODLE theme: http://tinyurl.com/ykldt7q (haha…) #
- Hosting my first carnival tomorrow. Up too late tonight. #
- Woot! My boy won his wreslting match! Proud daddy. #
- The Get Home Card is a prepaid emergency transportation card. http://su.pr/329U6L #
- Real hourly wage calculator. http://su.pr/1jV4W6 #
- Took my envelope budget out in cash, including a stack of $2s. That shouldn’t fluster the bank teller. #
Colorado Insurance Laws: Do you have the Right Coverage?
Car insurance is mandatory in Colorado. Colorado law on car insurance changed in 2003 when the state changed to a fault-based system from a no-fault system. Even more requirements were added in 2009 for drivers, namely, a mandatory $5,000 in medical payments coverage.
Many of the other changes made to Colorado car insurance requirements were made to help prevent claim abuses and reduce the cost of insurance premiums for drivers in the city. The ‘tort’ or fault-based system requires that fault must be established before a claim is paid by an insurance company.
According to data released by the National Association of Insurance Commissioners, the average cost of auto insurance in Colorado was $777. This is way below the national average of $841 and far below the most expensive state, New Jersey, which had an average expenditure of $1,254 in annual premiums.
Colorado Insurance requirements
The state requires all drivers to have liability coverage at the least. This ensures that the other party and their property will be compensated in an accident that is your fault. According to insurance-comparison site, CoverHound, the minimum coverage for car insurance in Colorado should include:
- Bodily injury coverage of $25,000 for each person involved in the accident
- Bodily injury coverage of at least $50,000 for each accident the motorist is involved in
- Property damage coverage of $15,000 for each accident
Additional car insurance
Having insurance coverage meeting the minimum requirements of the law in Colorado will save you from being arrested for inadequate insurance. However, your insurance may not provide you with adequate coverage in case of an accident. Therefore, it’s important to consider the following car insurance options.
- Uninsured/Underinsured motorist coverage
While car insurance is a mandatory in Colorado, several drivers still drive without auto insurance. Figures released by the Insurance Research Council estimate that 16.2 percent of motorists in the state are uninsured. This is slightly above the 12.6 percent national average. The scary thing about not having this coverage is you never know when you’re going to get in an accident, let alone an accident with someone who’s underinsured, or uninsured altogether. As you can probably guess, if someone isn’t willing to pay an insurance premium to protect their financial means, they probably don’t have much financial means to protect in the first place, thus leaving you destitute in the event of an accident, regardless of fault. Bottom line: uninsured/underinsured motorist coverage protects your expenses in this situation.
- Medical Payments Coverage
Due to the aforementioned legislation passed in 2009, insurance providers are required to offer motorists $5,000 in med pay coverage as part of their insurance coverage. This is offered as part of every car insurance policy, and can be adjusted in $1,000 increments. You however, have the choice of opting out, but you have to send a rejection form. You can also choose to up your coverage to as much as $100,000.
- Collision coverage
Liability coverage ensures that the other party’s expenses are covered in the event you cause an accident, but what about damage to your own car? Collision coverage takes care of any damages to your car regardless of who’s at fault. The insurance also covers you for damage caused by hitting other objects with your car, such as a tree, or streetlight.
- Comprehensive cover
This ensures that you are covered for any damage that is caused to your car that doesn’t involve a collision (e.g. fire, falling objects, flood and hail). It also provides cover for the loss of your car through theft and other perils such as explosions.
If you purchase your car through a loan, your lender may require you to take out a comprehensive coverage policy. You can choose to have a higher deductible in order to reduce the cost of your premium.
Cost of violations
There are various penalties set by the state to ensure that motorists have adequate insurance. You may be penalized for failing to provide evidence of insurance or for purchasing inadequate insurance. Some of the penalties and fines include:
- A minimum fine of $500 for violations
- The addition of 4 points to your driver’s license
- The suspension of your license for up to 8 months
- Community service
It is important to understand your state laws and your own financial situation when choosing insurance. Your policy should not only meet state law requirements but your personal requirements as well. If it doesn’t, then what’s the point of having it in the first place?
This is a guest post.
Merry Christmas
Happy Hanuchristmakwanzivus.
Family and travel. No posts today.
Make the most of the holiday.
Cheap Lo Mein
- Image via Wikipedia
I’ve never been a fan of making Chinese food. It always seems to involve ingredients I don’t stock and several hours of prep work. It’s not usually worth the hassle. Several months ago, I began to notice that, when we went out for Chinese, all of my kids had the same favorite dish: lo mein. It would be nice to be able to have the dish without having to pay restaurant prices, so I did some research and came up with a quick, easy, and cheap recipe for lo mein. It takes 3 dishes and 20 minutes.
Lo mein has 3 components: noodles, sauce, and the rest.
Noodles
I use spaghetti noodles. I leave them a bit al dente, because they will spend some time in the hot lo mein sauce, which will cook them a bit more. 1 box of noodles is enough for two meals for my family of 5.
Sauce
- Chicken broth, 4 cups
- Rice wine vinegar, 2 tablespoons
- Sesame oil, 2 tablespoons
- Red pepper flakes to taste, about 1 teaspoon
- Soy sauce, 1/4 cup
- Sugar, 1 teaspoon
Mix it all in a bowl, then wisk until the sugar is dissolved. Nuke until hot. I do this while the wok is heating up and the noodles are cooking, so the pepper flavor has a better chance to blend with the liquid.
The Rest
- Sesame oil
- Minced garlic
- 1 Onion, cut to whatever size you like
- Protein, chopped
- Vegetables, chopped
- Ginger powder, to taste
Chop everything first. When you start cooking, you will be busy cooking, not prepping.
Get the pan hot. Splash in some oil, then toss in the meat when the oil is hot. I usually use chicken, but any meat you like–or even no meat at all–will work.
When the meat is almost completely cooked, add the onions and ginger. Stir constantly.
When the onions are barely translucent, start adding the vegetables, in the order they will take to cook. You can use any vegetable you want. Broccoli, carrots, and peas work well. Whenever the grocery store has a sale on stir-fry vegetable packs, we stock up for about $2/bag. Just defrost ’em before you start cooking, so it’s possible to chop them up, and they work great. Otherwise, any vegetables you have on hand will work. Add them, and stir constantly.
At some point, toss in a spoonful of minced garlic. When depends on how much garlic you want to taste. The earlier you add it, the tamer the flavor.
When it’s all cooked, spoon in some lo mein sauce and toss to coat. Remove from heat.
Serve
Spoon the rest of the sauce over the noodles and toss. You will have extra sauce, so don’t add it all at once. You want the noodles coated, not floating.
Combine the noodles with the stir-fry and serve.
If you buy the noodles, vegetables, and meat on sale, this meal costs about $10 to make. Like I said, that’s two complete meals for 5 people, 3 of whom have adult appetites. The rice wine vinegar and sesame oil aren’t cheap, but you don’t use much, so the cost per meal is negligible.
Friends and Acquaintances
“Friends help you move. Good friends help you move bodies.”
-unknown
Some people have dozens of friends. I’m not that guy.
I have 6.
Everybody in the world can be divided into 4 categories.
- Strangers. A xenophobe’s nightmare. These are the people you don’t know, whether they are passing you on the sidewalk, or newborns on the opposite side of the world.
- Acquaintances. These are the people you’ve met, mostly in passing. They tend not to have much effect on your life. You may pass a friendly bus ride in conversation, but it’s nothing that sticks. A waitress, the clerk at the store, a friend’s latest date; these are the people you interact with for just a moment and rarely think about further.
- Friendlies. Most people call these folks friends. I don’t. I’m friendly with them, hence the name, but it’s not true friendship. Often, they are either my wife’s friends, or my friends’ wives. Sometimes, they are a friend of a friend that I only see at parties, or a coworker that I get along with, but never see outside of work. We’re friendly, but not obliged. I may help with some things, but it’s not necessarily a priority. I’ll go to a funeral, but probably won’t help plan it.
- Friends. To me, calling someone a friend is a big deal. I’m willing to do a lot for my friends. They are able to command large amounts of my time, and ask any number of favors. If needed, I’ll open my home or help demolish their’s. Loyalty, honesty, trust, respect, and companionship are all a part of my definition of a friend. If a friend needs help, I’ll come running. In return, I expect the same.
Family tends to fall into the same analogous categories.
It sounds cold, but I hesitate to let people graduate into the final category. My wife used to try to “set me up” with people that she thought I’d like to be friends with, thinking I was sad to have so few friends. It took years for her to realize that I was happy. It’s a matter of quality over quantity. Most of the friends I have, I’ve had for 10 years or more. I’ve known each of them for at least 5 years, not that time is a requirement.
Moving people into the “friends” category is a lot like dating. You get along, so you invite the potential friends out for a drink, one on one. You feel them out to see if they are compatible. You meet their families, share some food, build some history. If it all works out, eventually, you consider them a true friend, even if you couldn’t mark the date of the transition.
You wouldn’t marry everyone you date, so why would turn everyone you basically get along with into a friend?
Do you have a lot of friends? What marks friendship for you?
Taco Seasoning
A few weeks ago, Edward at If You Can Read, You Can Cook sent me a jar of his taco seasoning to try.
Yum.
He’s got four flavors: hot, medium, mild, and sweet cumin. Since I’m the only one in my family who likes spicy food, I asked for the sweet cumin.
This is a jar of pure taco flavor, without any of the burn. Tacos, burritos, omelettes, or Rice Krispies, nearly anything could benefit from a dose of this stuff.
Seriously, we’re done with the little paper packets from the grocery store. From now on, Edward is getting our taco seasoning business. We do large batches of tacos 2-3 times a month, so I’m looking forward to trying the other flavors, too.
http://www.ifyoucanread.com/if-you-can-read-you-can-cook-taco-seasonings-original-page-2/ I was not compensated for this post, other than getting a free jar to try. It’s just good.
