They happen all the time: those unanticipated expenses caused by illness… auto problems… job loss… appliance breakdowns… and the list goes on. Sure, they’re all part of life, but where’s the money supposed to come from to help pay for them? That’s where an emergency fund comes in handy.
You know the saying, “The early bird catches the worm”. Well, when it comes to saving for college, the same idea holds true, but it’s more like, “The early bird catches financial peace of mind”.
It may seem as though your child’s college years are light years away, but time goes quickly and the last thing you want is to be caught financially unprepared for your child’s education. (Okay, it might not be the last thing you want, but it’s probably close.) So how do we stop that from happening? Read on…
When you search online for “list of marriage conflicts”, there is always one particular cause of conflict that appears in the Top 5: Money.
There are a number of complex psychological reasons why money causes stress and strife within a marriage. Perhaps one spouse has a fear of not having security; there’s a lack of trust within the relationship; there’s a fear that one spouse doesn’t have respect for the other’s monetary values… and the list goes on.
Investing in the stock market can be difficult, especially with so many different types of stock choices. One way of making stock selection a bit easier (and understandable) is by breaking stocks up into three groups: company size, sector and category.
4 ways to have fun this summer without spending a dime (and a few extra trips on traveling on the cheap)
Do you remember how you would have fun as a child? Was it the sandbox… action figures… playing dress up… video games… throwing around a ball with friends? Whatever it was that gave you joy didn’t require having a wad of cash in your pocket. You made your own fun, for free. And the best part is, you still can!
For those of us trying to save money, cutting expenses can often feel like an overwhelming task. We sometimes think we need to get rid of something “big” in order to get spending down to a manageable number. The problem with that approach is that typically the “bigger” the item we lose, the larger the impact on our life. The trick is to make enough “smaller” cuts so that the changes are imperceptible – well, at least almost imperceptible.
Mutual funds… stocks… ETFs… bonds…CDs… TIPs… and that’s just the beginning of the list of potential investment vehicles. Unfortunately for many of us, when there are too many choices, confusion sets in and that leads to inaction. Not because we don’t want to take action, but because we don’t know what action to take.
You’ve probably heard it a hundred times: “Mortgage rates are so low right now you have to refinance!”. But is it true? Does refinancing make sense for you?
Everyone’s circumstances are different. Loan balances, interest rates, remaining months on the loan – they all vary depending on each individual situation. However, there is one thing that is, and always will be, the same for everyone: math. And it’s only after you “do the math” that you should make the decision whether or not to refinance.
Buying a new car can be a stressful endeavor. There are a lot of options to consider and expenses to weigh. You might be wondering
- New or used?
- Economy or luxury?
- Electric, hybrid or gas guzzler?
- Model, color, moon roof … and dozens of other features you have to think through
But you have done your research, persevered and have narrowed down your preferred option. The work is done and you have visions of driving off the car lot. Not so fast.
Ahhhhh… the sweet smell of plastic. Especially when it’s a brand new credit card that’s about to give you the freedom to buy what you want, when you want.
But be careful! Before choosing a credit card, make sure it will be working for you, not against you. Here are some DOs, DON’Ts and other things to consider when getting ready to make that decision.