Take 5 — A Roundup of Reads From Around the Web

This week: Insurance you shouldn't buy, financial advice for friends, finding the cheapest flights, the cost of selling your home and seven affordable getaways.

Take 5 — A Roundup of Reads From Around the Web

1. “14 Insurance Products That Are a Waste of Money”

[MSN.com] “Crucial products include insurance against serious car crashes, the loss of or damage to a home, and the loss of income due to death or disability. Other products? Many offer little value, or they’re filled with exclusions and caveats. Click ahead for some potentially dumb insurance buys.”

This MSN story is actually a Money Talks News story. We’re highlighting it in case you didn’t know that in addition to seeing our stuff on our site, you can also read and watch some of our most popular stories on some of the world’s most popular websites, including MSN, Yahoo, AOL and others.

So what insurance can you do without? The list includes ID-theft insurance, credit life insurance, travel insurance, dental insurance, life insurance on kids, critical illness insurance and lots more. Check it out.

2. “When Your Friends Ask You for Financial Advice”

[The Dollar Stretcher] “So what do you do when your retired friend, who cannot seem to make ends meet, inherits $10,000 and seeks your financial advice on how to invest this windfall, because, after all, you do appear to be doing well financially?”

Having been in the financial advice business for more than 30 years, I could really relate to this headline. I can’t count the number of times people have asked me for advice, and I couldn’t agree more with the bottom line of this article: “Whatever your credentials or background, giving financial advice to friends, solicited or unsolicited, cannot possibly have a good outcome in the long run.”

What this author suggests in lieu of offering advice is to steer those in need to other sources of knowledge, like this or other similar websites. Great idea.

3. “4 Tips to Catch the Cheapest Flights”

[AOL] “Finding a flight deal is one of the easiest ways to cut down expenses on a trip. Just last year, I purchased a round trip flight to D.C. for $100 and helped a friend find two round trip tickets to Atlanta for less than $80 total!”

This article offers four ideas to find cheap flights, and although we’ve done lots of articles like this, I definitely learned a thing or two from this one. For example, this author says the best place to search flights is Google Flights, a search engine I’ve yet to try. There’s other decent advice, so check it out.

4. “Beware of Buried Expenses When Selling Your Home”

[Debt.com] “There is so much more to selling a home than many sellers think — and if you aren’t paying attention, you might not realize you are paying thousands of dollars more than expected. Zillow says nearly two-thirds of homeowners don’t realize that these costs exist, and most sellers are shocked when they have spent more than $15,000 just to sell their house.”

Even if you’ve bought and sold several homes, transactions are so few and far between, it’s easy to forget the process and the expense. This article will serve as a reminder of the costs of selling, from fixing up your house to paying transfer and other fees. Before you sell, give it a read.

5. “7 Affordable Family Getaways When You Don’t Have a Vacation Fund”

[Wise Bread] “If you get creative, adjust your expectations, and put in a little extra effort, you can get some much needed rest and relaxation without going into debt.”

We recently did a similar story, but this one adds to the cheap vacation database. This author suggests you check out house-sitting, camping, traveling around your state, doing day-trips and more. If your budget’s tight, check it out.

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