February 2012

Book Review: The Psychology Of Wealth By Dr. Charles Richards

Dr. Charles Richards, Ph.D. has written, The Psychology of Wealth, about how we think and feel about our money and how we interact with it. Why can you find a wealthy couple that has a net worth of over $1 million who still live paycheck to paycheck with no savings? Why are there middle class Americans earning $30,000 who have a fully funded emergency fund, taking family vacations, saving for an early retirement, and living their lives carefree of money worries? What is the difference between these types of people and how they handle their money? Why do we all think and feel differently about our money and how we interact with it? Dr. Charles Richards, Ph.D. has tried to … Read more

Ten Things I Have Never Told You About Me

by Hank Coleman

I have said before that I don’t always share very much about my personal life here on the blog. A part of me still thinks that you, the readers, probably don’t care much about me – Hank Coleman – and my life, and that is why I have not shared too much before now. But, Pat Flynn had a great guest post on his blog, Smart Passive Income, that talked about really connecting with your readers by pulling back the curtain a little bit and showing you the person behind the words that you graciously read here. And, I know that friends like Ryan from Cash Money Life and others have written posts about getting to know them as well. So, I thought … Read more

Moving Tips – Top 10 Simple Ways to Cut Costs on Moving Expenses

by Hank Coleman

Moving from one home to another or into your next apartment is expensive. But, there are many moving tips that can help you save money on moving expenses. I have come to find this out the hard way. For years, I have been blessed with an employer that covered all of my moving costs, but this time it is different. This time I am footing the bill by myself. You may remember that I have been interviewing property managers to help me rent out my current home. So, without my employer helping with this move, I have to find ways to cut costs on moving expenses incurred. The good news is that there are a lot of ways to cut … Read more

Infographic: 10 Most Asked Money Questions

by Hank Coleman

Below is an infographic showing you the ten most asked money questions that readers of Money Q&A have had over the past two years and their answers! Embed the above image on your site<a href=”https://moneyqanda.com/wp-content/uploads/2012/02/Moneyqanda-Infographic.png”><img class=”alignnone size-full wp-image-2387″ title=”Moneyqanda Infographic” src=”https://moneyqanda.com/wp-content/uploads/2012/02/Moneyqanda-Infographic.png” alt=”Money Q&A’s 10 Most Asked Money Questions” width=”527″ height=”1024″ /></a> <a href=”https://moneyqanda.com/”>Money Questions</a> – MoneyQandA.com Just a Few of the Top 10 Money Questions Asked on Money Q&A 1. Should I Pay Off My Highest Interest Debt Or Debt With The Smallest Balance First? I can understand both feelings and arguments for each of these debt reduction tactics. I’m a huge fan of Dave Ramsey and The Total Money Makeover where he recommends paying off your debts using the debt snowball method … Read more

Counting The Cost Of Uninsured Drivers

by Guest Contributor

There’s no denying it: car insurance is pricey, and the cost goes up year on year. Add to that the impact of the global economy, and some decide that they’ll simply drive around without car insurance and save themselves $1,000 or more. They figure that it’s a victimless crime, but they would be wrong. We are picking up the cost of their negligence.

There is a cost of uninsured drivers in America. The cost of uninsured drivers raises others insurance premiums.

Worse For All Of Us

In 2007, uninsured drivers cost the rest of us over $10 billion, and 13.8 per cent of Americans are estimated to be uninsured. This sparks off a vicious cycle of repetition – as insurance premiums go up, more people will decide to drive without insurance, which will push

The Unintended Costs Of Being A Landlord

by Hank Coleman

My wife and I recently listed out home for rent with a property manager. I found a great property management company that I have really enjoyed working with after asking tons of questions before hiring a property manager.

Now that we have started to get the ball rolling finding renters and even showing our house to potential renters I have found a few expenses that have cropped up. Some of these costs were expected, but a few of these new expenses have kind of caught me a little off guard.

Unexpected Expenses Of Being A Landlord

Advertising fee with the property manager – $100
Getting our HVAC tuned up – $100
Purchasing a home warranty – $500 per yearOverdue yard maintenance – $300
Storage unit since we are downsizing – $150 a month
Moving truck rental – $300
Maintenance fund our property manager requested – $500
Carpet steam cleaning – $200

TOTAL INITIAL COSTS – $2,150