Non-owner car insurance—also called non-drivers car insurance—may be a little-known coverage option, but for some people, it’s exactly what they need—without overpaying or driving under-insured.
Who needs it
Candidates for non-owner car insurance include people who regularly rent vehicles or drive other peoples’ cars (to get to shared locations, or as part of a job like a nanny or personal assistant); anyone trying to reinstate or restore a driver’s license after a suspension; someone who frequently uses a car-sharing service like Zipcar or Turo; a person who wants to maintain continuous coverage between owning cars.
This type of insurance isn’t meant for you if the car you’re borrowing belongs to a relative or someone in your home—this is because you should already be listed on the car owner’s policy. This might be required in your state even if the car belongs to an unrelated housemate or roommate and even if you don’t have a valid driver’s license.
The stress of Tax Day may have come and gone…but then you receive a W-2, K-1, or 1099 Form in the mail documenting income that you forgot about. Or perhaps you just realized you qualify for a credit that you didn’t claim.
If you realize your tax liability is different from what you claimed on your tax return, you have the option of filing an amended tax return.
Reasons to file
Reasons to file an amended tax return include: missed income from a W-2, 1099, or similar form; a wrong filing status; fewer or additional dependents; a change in head-of-household status; and changes to deductions or personal exemptions. In short, when correcting information on your return would change your tax calculations.
What you don’t need to file an amended tax return for are math errors. The IRS will double check your math and make any corrections without a penalty to you.
According to a recent study for Human Growth and Development, children as young as five have already begun developing emotional reactions to spending and saving money. The study also found children’s emotional reactions translated into real-life spending behavior, and early spending behavior might indicate poor financial decisions later. All of this highlights the importance of early education to get kids on the right financial track.
Fortunately, local credit unions have helpful youth saving programs that can help teach kids as young as pre-school age about money. Many youth programs come with fun perks like a gift for opening an account, prizes for making deposits or reaching saving goals, and the ability to have allowance direct deposited into their account. In addition to these benefits, here’s what else opening a youth saving (or checking) account can do for kids:
Teach about goals. Setting, working toward, and achieving goals is a crucial life skill and one that serves us throughout life.