Are you getting the best rate of return on investment? Kiplinger's Personal Finance Magazine annually discusses ways to boost your investment yield in its latest issue. I have to say that I am always pretty disappointed with their recommendations. I love the magazine, but I didn't really care for a list of mutual funds and Exchange Traded Funds (ETFs). But, I wanted concrete ideas on how to earn a 10% annual rate of return on my investments. US Treasuries are earning less than 1% and money market funds are not fairing much better. Certificates … [Read more...] about The Ultimate Guide to Earning a 10% Rate of Return on Your Investments
Did Our Parents Teach Us Bad Habits About Money?
Most parents do a wonderful job of preparing their kids for academic success, future jobs, and raising families of their own, but countless studies released over the past several years indicate that parents have somewhat failed to educate their kids in one crucial category: personal finance. Younger generations are experiencing almost unprecedented financial struggles as they get into their 20s and 30s, but is it really due to them just being “lazy” like the media headlines suggest? Why else would the quality of their lives be decreasing … [Read more...] about
The Ultimate Guide to Saving Money While Eating Out at Restaurants
Are you looking to learn how to save money eating out? My wife and I love to eat out at restaurants. Thanks to a recent look at how I spend my money, 8.8% of my income actually goes towards eating out every month in fact. But, I do not make any apologies for it. My wife and I simply hate cooking and love eating out at restaurants. It is something that we love to do. So, my wife and I make a conscious effort to budget eating out at restaurants so much. Restaurants rely on more than ambiance and the aroma of your favorite foods to get you … [Read more...] about
Stop Leaking Cash by Becoming Financially Literate
The following is a guest post by Harry N. Stout, the author of the FinancialVerse books and the free newsletter Moneysavers. If you’d like to submit a guest post to Money Q&A, be sure to check out our guest posting guidelines. Do you want to be better off financially and stop leaking your valuable cash? Being financially literate just might do the trick. What I have found is that a lack of financial literacy can be financially and psychologically costly. I write extensively about this in my FinancialVerse books and content … [Read more...] about Stop Leaking Cash by Becoming Financially Literate
Wallit App Review – A Great Budgeting Smartphone App
One of the most important lessons a parent can teach their child is proper financial management. This is something rarely taught in schools, yet a vast majority of parents do not adequately prepare their children and teenagers for independent financial management when they reach adulthood. Reasons for this may range from an unwillingness to discuss financial matters with their children to simply not realizing the importance of actively teaching kids the basics of budgeting, spending & saving, and other critical financial skills. To … [Read more...] about Wallit App Review – A Great Budgeting Smartphone App
There Are Two Parts To Your Budget Equation
Many people only consider reducing their expenses when times are tight. But, there is only so much your budget can take in the way of belt-tightening. There are two sides to the budget equation. Another way to tackle the problem is to look at the other side of the equation. You can help your struggling finances by increasing your income as well. Understanding The Accounting Equation Or Budget Equation On the first day of an accounting class in college, the professor put the accounting equation on the board. It is an equation that … [Read more...] about There Are Two Parts To Your Budget Equation
How to Get the Most Out of a Health Savings Account (HSA)
One of the most commonly confusing concepts for consumers when it comes to health insurance isn’t the insurance policy itself – it’s something called a health savings account, which some people ignore or dismiss because they mistakenly equate an HSA with a regular savings account. There are actually quite a few advantages that an HSA offers compared to a regular savings account, though not everyone is eligible to open an HSA. It all comes down to your health insurance policy’s deductible limits. If you’ve been offered HSA options from an … [Read more...] about How to Get the Most Out of a Health Savings Account (HSA)