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Does It Pay to Buy Travel Insurance for Your Summer Trip?

With summer quickly approaching, you could be asking yourself which expenses are worth the investment when planning ahead for your vacations. Especially when it comes to travel insurance, you want to make sure you’re not overpaying for protection that may not be 100 percent necessary. Depending on where you’re traveling and how long you’ll be there, taking a trip can eat up a substantial amount of your budget as it is. Add in travel insurance, and you could quickly acquire more costs than you originally planned. Allied Market Research reports that the global travel insurance market was valued at $12.38 billion in 2020 and is expected to grow to $119.31 billion by 2030. This rise is in part due to more senior citizens traveling, as well as increased business travel expenses.1 As you might expect, tourism is one of the key factors contributing to this rise. According to The World Tourism Organization (UNWTO), there was a 4% rise in global international tourist arrivals in 2021.2 As you plan ahead for your summer vacations, there are a variety of factors you should consider before investing in a travel insurance policy. While protection is never a bad thing, you want to make sure the value of the coverage outweighs the added cost. For people on a tight budget, travel insurance may not be worth the financial stress involved. However, when it comes to longer and more expensive vacations, travel insurance could quickly prove to be a beneficial use of your money.

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The Tokyo Olympics Are the Most Expensive on Record: The Costs & Benefits for Host Cities

When Tokyo won the bid for the 2020 Summer Olympics back in 2013, the estimated cost to host was $7.5 billion. With the games now underway, Tokyo has far surpassed that number. It is estimated that costs have exceeded $25 billion.1 This makes the 2020 Tokyo Olympics the most expensive in recorded history.1 It’s important to note that a sizeable amount of these overages, around $3 billion, is due to delays caused by the coronavirus.2 Cities bid for the opportunity to host the Olympic Games, despite the billions of dollars it costs to pull off. Why? Here are some estimated costs of hosting the Olympic Games and a few reasons why host cities find it worth the price tag.

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The World Is Embracing Virtual Spending: Which Payment App Is Right For You?

While paying online has become easier and more accessible over the years, the COVID-19 pandemic took virtual spending to an entirely new level. As more and more people are embracing this type of spending, the payment options are growing. With that in mind, which virtual payment option may be right for you? Here are seven of the top apps (arranged in no particular order) available to most consumers right now.

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5 Mother’s Day Gift Ideas for Every Woman in Your Life

Mother’s Day is right around the corner, and after a year like no other, it’s time to celebrate. If last year’s Mother’s Day wasn’t what you hoped it would be, you may be trying extra hard to make it something special this year. To celebrate every woman in your life, we’ve gathered up five sentimental gift ideas you may want to consider.

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Are You in Need of Some Warm and Fuzzies? 8 Good Things to Come From the COVID-19 Pandemic

So far, the year 2020 has been difficult for people around the world. Millions have been sickened by the COVID-19 virus, laid off from work and are feeling financially strained. It's been hard to find good news out there, so we rounded up eight good things to come from the pandemic to share with anyone who could use a smile. To spread some positivity, check out some of the good things that have happened this year.

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Staying Strong: 8 Ways to Manage Your Mental Health During a Quarantine

Amidst the global COVID-19 pandemic, there’s no doubt about it - these are trying times for everyone physically, mentally and emotionally. Even if you aren't a healthcare professional or other essential worker on the front lines, it’s still difficult to cope with the dramatic change in lifestyle and stress we’re all experiencing. Giving ourselves permission for a high level of self care is more important than ever. Remaining in quarantine for an extended amount of time is a challenge. Everyone reacts differently to stressful situations, but there are things we can all do to remain mentally strong. Below we’re offering eight tips to help anyone better manage their mental health while social distancing at home.

Lifestyle