What to know before you rent your home on Airbnb

And more of the week’s best financial advice

Airbnb.
(Image credit: M4OS Photos / Alamy Stock Photo)

Here are three of the week's top pieces of financial advice, gathered from around the web:

Homework for Airbnb hosts

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Shopping for auto insurance

"There's some truth in that infamous ad slogan: 'Fifteen minutes could save you 15 percent or more on car insurance,'" said Kelli Grant at CNBC. Nearly 4 in 10 Americans with auto insurance haven't gone shopping to compare coverage in at least three years, costing themselves an average of $416.52 per year, according to an analysis from Nerd​Wallet.com. In some states, the savings could be three or four times that. Drivers in Delaware, the state with the biggest potential savings, stand to save an estimated $1,840 per year simply by shopping for a new plan. "Ideally, you should re-shop your insurance every year, when the policy comes up for renewal" or after a major life change, like switching jobs or getting married, which may bring a discount.

Retiring before your spouse

Retiring as a couple usually makes sense, "except when it doesn't," said Glenn Ruffenach at The Wall Street Journal. Most couples "navigate big changes in their lives together," like relocating or starting a family. But others "can't, or don't want to, retire at the same time." There are many benefits to having one spouse still working, including a steady paycheck, health insurance, and increased Social Security payments in the future. But "if one spouse suddenly is staying home, it can throw a marriage out of whack." For example, a retired spouse might bristle if the working partner expects him or her to become a full-time homemaker. Couples need to talk through the transition before it takes place. "What does each spouse expect from the new arrangement? How will roles and responsibilities shift?"