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.
Legal Liability: What Exactly Does Your Home Insurance Cover? Read More »
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.
Making the Best of the Worst: 4 Tips for Financial Recovery after an Accident Read More »
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.
3 Keys to Teaching Your Kids Financial Literacy Read More »
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.
Money & Mannerisms: Traits That Lead to Success Read More »
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?
How Much Mortgage Can You Really Afford Read More »
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.
Smile Savings: 4 Ways To Save Money On Dental Care Read More »
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.
These Numbers Should Make You Mad and Get You Motivated Read More »
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:
5 Surprising Ways to Save Money on Household Expenses Read More »
Interest on your credit cards adds up fast. An initial purchase of $1000, with an interest rate of 18%, could take years to pay off, assuming that you make only the minimum payments each month. In fact, if you make even a few late payments the penalties could result in NEVER paying it off, as you’ll see in a moment.
Credit Cards Out of Control? 3 Ways to Get You Back on Your Feet Read More »
Finding deals on everyday necessities is much easier than you think. Many are shocked to find they are overpaying for groceries, health services and other essentials. When you take advantage of local deals, coupons, mobile apps and web-based subscription services, you can save money on the items you purchase daily. Check out these great tips to start saving money today.
4 Tips For Finding Deals On Everyday Necessities Read More »
Everyone knows that it’s illegal to drive without car insurance but why? Well, accidents can happen at any time–which, is why they are called accidents. And because by their very nature cars are dangerous and can cause everything from loss of life to severe financial hardship it is necessary to be sure that an uninsured person doesn’t cause an accident and then say oh sorry I have no money to pay for all the damage I caused.
Simple Ways to Cut Your Car Insurance Rates Read More »
The first step is Planning. And exploring the possibilities your financial resources offer you, your family and your legacy. You need to take a strategic approach to managing your money as part of your overall financial plan.
Personal Investing and Stock Advice for Growing Families Read More »
