I hope you never have to use what Iâm about to discuss here: Insurance. Insurance is one of those financial products that you should have, but hope that you never actually use. Unfortunately, accidents do happen and those who have an insurance policy will be happy they planned ahead.
Managing Money
How to make more money with your emergency fund
This post will walk you through the steps to leverage your emergency fund to make more money…. Everyone’s definition of an emergency is different. But, if you want it to be of some use to you, you need to have a strict definition of an emergency. Your emergency fund should put more dollars into your pocket once it has been well established. Here is how:
Living or Giving More? Financial Lessons From John Wesley
John Wesley (June 28, 1703 â March 2, 1791) was a Church of England cleric and Christian theologian who taught â and lived out â some financial principles which continue to challenge us today. Wesleyâs principles for money can be summarized with these three thoughts . . .
8 Tips for Dealing with Bill Collectors
If you have ever been on the receiving end of menacing phone calls from a bill collector, the title of this article probably spiked your blood pressure. Yes, this is a stressful experience, but it doesnât have to be a nightmare. These tips will help.
Should You Use Retirement Savings For Your Kidâs College?
Saving for your childâs college tuition can be a difficult task, especially in todayâs economy. According to a study by Sallie Mae, 60% American families save regularly for their childâs college tuition. A surprising 24% of parents who save, however, admit to using their retirement savings to cover tuition for their children…
How to Save Hundreds of Dollars By Taking a Day Off Work
Do you have a to do list that includes items you should have accomplished a year ago? If you do, you are what I call normal. The January 2010 issue of the Sound Mind Investing Newsletter discussed something called a âfiscal health dayâ (a term they borrowed from a Ron Lieber article in the New […]
6 Retirement Planning Tips For Middle-Aged Procrastinators
My 56 year old friend Colin (fictitious name), recently told me that he plans to retire at age 65 and then kick back and do what he wants. His retirement will include traveling when and where he (and his wife) choose, driving his vehicle of choice and pretty much living the good life…
Long Term Care Insurance: Are Seniors The Only Ones Who Need it?
Many in their 40s and 50s begin to wonder about long-term care insurance. They may be taking care of an aging parent or seeing someone they love that needs an assisted living facility, in home health care, or a nursing home. So that brings up an interesting question: who needs long-term care insurance?
