Protect Your Wedding Investment

The average cost of a wedding in the United States is roughly $26,500 – and that’s just an average! Most people don’t think about insuring the event even though the cost to mitigate the financial cost of all the things that can go wrong is minimal. Typical wedding budgets include these items:

• Venue, Catering & Rentals. This usually consumes the largest part of the budget. Considering that venues are typically booked a year in advance and usually require a sizeable deposit to hold a date; few think about the “lost deposit” that could occur if, for example, the bride or groom or their immediate family were to become unexpectedly ill on the big day.

• The venue is also going to require a “certificate of insurance.” Your homeowners policy won’t do this for you anymore! Make sure your event coverage can issue that for you including your “liquor liability.” This covers your liability for guests that may become intoxicated at your reception then try to drive home. Some policies also include the Rehearsal Dinner.

• Wedding Attire. Dresses can take many months to obtain. After paying a significant deposit to have that $3,000 dress made, you could suffer a monetary loss if the wedding dress shop suddenly goes bankrupt while you are waiting for it to be made or altered.

• Photos and Video. Documenting the events of the day is important for many years to come. What happens if the Photographer or Videographer loses your “file” or their equipment becomes damaged so they are unable to deliver these memories? Be sure that your event insurance covers bringing the wedding party together to retake photos if necessary- even if the Best Man lives on the opposite coast.

• Destination Wedding. Perhaps you’ve always imagined getting married on a beach in the Caribbean. You’ve been planning for months and a hurricane decides to wreak havoc the weekend you had planned to get married there. Postponing or cancellation of the event could cause you to incur transportation, venue, catering and accommodation loss of deposits.

Here are a few additional tips to consider during the planning of your big day:

• Be sure to sign contracts with vendors who will be performing services for you and keep a copy.

• Get “Event Insurance” early in the process as some coverages have “waiting periods.” You can purchase coverage sometimes up to two years in advance of the event.

• Keep receipts of your expenditures related to the event.

• Enlist the services of a wedding planner if planning a large event. They can be most helpful in the planning process and in making sure the day runs as smoothly as possible.

Unfortunately, in the real world, “stuff” happens. It might be worthwhile to spend a few hundred bucks to get some “peace of mind” for your main event. Congratulations!!

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How Women Should Protect Themselves Financially Regarding Divorce

Women who believe a divorce is a possibility or who think that their husband will be asking about getting a divorce at some point should put their emotions aside and plan "just in case" their intuition is correct that a divorce may be coming in the near future . If women who believe that the "divorce discussion" may be lurking, they should make it a point to look for solid signs that their husband will indeed ask for a divorce … then they should plan accordingly.

Women who think that they are signs that her husband may ask for a divorce but haven't thought about it deeply or who think that a divorce would better suit them rather than their husbands, should view the situation realistically and as stoically as possible. This will ensure that plan they take is calculated, logical and will benefit them based on what they want the end result to yield.

Often times women refuse to think that a divorce could happen to them and one day their husband comes home and says "There's something I have been meaning to talk to you about …" or "I think we should get a divorce." or something similar. If the situation has reached this point, its too late for women to start planning for their financial future after divorce.

So what do women who think a divorce is eminent or who want a divorce for themselves do in order to ensure they aren't left in financial ruin?

There's certainly a myriad of tactics that can be used and each woman's situation is different regarding divorce, but here's some tactics that will help:

Women and divorce tactic 1:

Once women validate their own reasons for divorce and are sure that divorce is the right path, they should make a plan and keep it to themselves. They shouldn't let anyone know what they've decided to do. They should not tell their friends, co-workers, or family … no one. And they certainly shouldn't lead on to their husband that they want a divorce if they are the ones who will be making the first move to end the marriage.

Women and divorce tactic 2:

Women in divorce should realize that the plan they take may require several months to implement and they should be patient and plan logically. Women should learn how much money it would take to support themselves (and children if the situation warrants it), how much money is actually available to them now, and how they can adjust their lifestyle to make sure they can financially survive.

Women and divorce tactic 3:

Women who may be facing divorce should look at the household wills. In some cases, it may be legal to take someone out of a will or put someone into a will without that person knowing.

Women and divorce tactic 4:

Women who want to plan for divorce should try to put away cash in the event something dramatic happens unexpectedly. Bit by bit, putting cash …

Smart E-Commerce: Learn How to Protect Your Company Against Coupon Abuse

Of course, an effective and easy way to attract new customers for a young venture or product is to offer special deals in the form of coupon codes. With the help of promoters and referrers, success can be guaranteed. But giving away promo codes has its own downside: when uncontrolled, chances are, someone will certainly find a loophole to abuse the promotion.

Promo abuse occurs when an individual – customer, vendor or a partner agency takes advantage of a promotion, unduly benefiting from a coupon multiple times, or perhaps, using them to earn money and other items or valuable services. Though quick boost in sales transaction is a good thing (especially if you're running short of matching a monthly target), the coupled abuse of promotion might eventually take its toll on your profit margin and decrease the trust of investors.

Forms of coupon fraud.

Based on actual business experiences, "creative" individuals have devised several ways to misuse and abuse promo coupons. For voucher codes distributed online with the intent of attracting new customers only, abusers have learned several workarounds. There are even numerous websites, blogs, and videos dedicated to teaching users how to work the system. Naturally, it's not a big deal if one of your users will take advantage of the code several times by creating 2 or 3 accounts with different email addresses. The real problem starts when company employees, affiliates or partners are the ones involved in the coupon profiteering. I will cover more fraudsters tactics in future articles, but here are a few examples of the most common types of coupon abuse:

– Referral payouts: refer-a-friend program is a great incentive to create fake accounts or post the referral code on social media. In the second case you at least increase your database, however, such practice increases your Customer Acquisition Cost (CAC); those users could sign up directly on your site.

– Cart abandonment voucher: customers already noticed, that each time they abandon the basket before finalizing the purchase, you send a retargeting campaign with a discount. Such a coupon incentivise to finish the purchase, but also to do it again when buying next time.

– Affiliate frauds: to increase their margin, affiliate networks, and agencies register each order as a new customer, using the voucher. Customer pays a full price, agency get's the discount value.

– Reselling own inventory: it's common in various marketplaces that sellers buy their own inventory using discounts, and .. put it back on sale. They earn a discount value, decreased by your margin. You earn, hmm, a fake KPIs.

– Generating fake orders: some vendors go even further, especially when they are the ones responsible for the logistics; They simply generate a fake order. Common in food delivery and car sharing services, a service provider – restaurant or the driver creates a discounted order, which in fact does not have to be delivered. Again, they earn a discount value decreased by your margin.

What can you do to prevent it? …