Legal Liability: What Exactly Does Your Home Insurance Cover?

If you have a home, you most likely have a home insurance policy. However, you may not know exactly what you are covered for until you go to file a claim. This can be a risky strategy as even a small claim against you could cost thousands of dollars. Let’s take a look at what a typical homeowner’s insurance policy protects you against.

Making the Best of the Worst: 4 Tips for Financial Recovery after an Accident

Your first major car accident can be a very stressful time. You may feel in shock from the overwhelming physical and mental blows. Whether or not you were the one at fault, you will most likely find yourself with huge bills for repairing or replacing your vehicle and for any health care that you required. Arm yourself with this knowledge that can help you recover financially and land on your feet once again.

3 Keys to Teaching Your Kids Financial Literacy

Teaching kids how to take care of their money while they are still kids can help them become financially healthy adults. They must learn how to take care of their money, even if their school doesn’t offer classes in money management. You, as their parent, should teach them about the concepts of budgeting, saving, and spending. If you do, they stand a better chance of developing excellent and healthy financial habits that will benefit them well into adulthood.

Money & Mannerisms: Traits That Lead to Success

In many ways, our financial habits are an expression of our personalities. Those who tend to be impulsive in other areas of their lives may be more likely to spend money on a whim. Those who tend to be more measured in other areas of their lives may also be more likely to be calculated when it comes to their finances. Let’s take a look at some other ways that your personality traits correlate with your financial success.

How Much Mortgage Can You Really Afford

If you’re looking to buy a house in the near future, it’s important to know how much you can afford to spend. Setting a realistic budget will help you determine where you should buy, how much home to buy and how you will account for closing costs (including your down payment). How do you go about determining how much you can afford to spend on your next home?

Smile Savings: 4 Ways To Save Money On Dental Care

Unless it is provided by your employer, getting good dental coverage is expensive and most families just can’t afford it. In 2012, the National Association of Dental Plans reported more than 40 percent of citizens lacked coverage.

These Numbers Should Make You Mad and Get You Motivated

It seems like a national epidemic… One of the biggest challenges that people face today is dealing with their personal debt. According to NerdWallet the average American family has $16,748 worth of credit card debt, $176,222 worth of mortgage debt, plus an auto loan debt of $28,948. All of this is on top of $49,905 worth of student loans (almost $25,000 per adult)!

According to Federal Reserve data in 2014 the Median household income was $53,718 and it rose to $56,516 in 2016. Unfortunately, that is the most recent data we have, but even if median household income rose to $60,000 in 2016 that is a lot of debt to be carrying on that amount of income.

5 Surprising Ways to Save Money on Household Expenses

Trying to cut down on household expenses is never an easy task. After all, these recurring monthly costs seem never ending. But it turns out that there are few simple changes that you can make that will save you a lot of money over a period of time. Here are five surprising ways to save money on household expenses: