I didn’t realize that my wife and I may need vacant home insurance after deciding to become landlords until a family member mentioned it. You are at risk of violating your homeowner’s insurance policy if you move out, no one is living in your home, and you do not have the right insurance coverage. You run the risk of having a claim denied because you did not keep your insurance company informed of changes to your situation. What Is Vacant Home Insurance? Vacant home insurance is just what it sounds like. When you move out of your home and … [Read more...] about Not Living At Home? You May Need Vacant Home Insurance
Archives for March 2012
For the past few months or so, I have been trying to compile a list of all the resources that I use and would recommend to others. I have written here on Money Q&A that I'm a huge fan of Lending Club. These are my favorite financial tools that I used. I've been investing in peer-to-peer lending notes for years now. Sometimes I have picked poorly, but lately, I am on a tear earning over 10% annually thanks to a safer more conservative portfolio of A and B rated loans. I've also been investing with Betterment.com now for over six … [Read more...] about My Favorite Financial Tools That I Use
The following is a guest post from Monica Clark who writes about all kinds of money and personal finance topics at DirectBanc.com If there’s one thing we’ve learned over the last few years with all of the scrutiny on credit cards, is that they are not a one-size fits all type of financial instrument and each kind has a lot of different moving parts. For people of the “set it and forget” variety, not paying attention to all of the various aspects of your credit cards can be costing you money. If you never think about your credit cards … [Read more...] about How Being Lazy With Your Credit Cards Can Cost You Money
Here is the next installment in our the Reader’s Questions Series which highlight questions emailed to me by you, the readers of Money Q&A. Be sure to find out at the end of this article how you can receive a free copy of Dave Ramsey’s book, The Total Money Makeover if your money question is chosen to be featured on a future week’s blog post. If you're not familiar with Dave Ramsey's book, you should run right out and get it. It is one of my top ten best personal finance books that everyone should … [Read more...] about Reader’s Question: What Is The Savers Tax Credit?
For most students, going to college means getting a credit card. With a first job, books-to-buy, and a load of loans, learning about credit becomes more important than ever. The best way to start is by choosing a student credit card that offers a low APR , low fees, and credit-management resources. If this kind of terminology seems as confusing as your chemistry professor’s lectures, don’t fret! We’re here to breakdown each aspect of a good student credit card so you can make smart and informed decisions when approaching credit for the … [Read more...] about Credit Cards 101: Choosing the Best Credit Card for Students
The following is a part of Yakezie’s blog swap from Dannielle. She blogs about personal finance and Barbados at Odd Cents. You can check out my post on her site this morning as well about the best investment advice I ever received - Start Early! For someone that’s now getting acquainted with the investment world, I’ve been trying to get as much advice as I can. In the last six months, I’ve attended seminars, done research online and asked friends for specific investment advice. As a result of my persistence, I’ve received several helpful … [Read more...] about The Best Investing Advice I Ever Received
Renters insurance is essential for anyone who does not own a home. Renters insurance is actually a misnomer. It really should be thought of as personal property insurance since it is designed to insure your personal possessions and not just for renters. It can apply for a wide range of other people as well such as college students, storage unit owners, and many others. Since college students typically rent an apartment or live in a dorm room, renters insurance can be a valuable asset for them to have. Renters insurance will protect the … [Read more...] about College Students Need Renters Insurance
A merchant account is an arrangement a merchant makes with a bank or other merchant account provider in order to facilitate payments with a credit or debit card. Obtaining a merchant account is a necessary step for an online store wishing to accept payments online rather than having payments mailed to them. If you have an online store and want to accept credit or debit card payments, efficiently, you will need a merchant account. You can compare merchant service providers online, which will help you find the best providers for you and … [Read more...] about Obtaining A Merchant Account For Your Online Store
This is a guest contribution from Bill Hazelton, CEO and Founder of Credit Card Assist, a leading pro-consumer, credit card information resource. It takes a lot of guts to run a small business these days. You need to be your own boss, your own IT team, your own cleaning crew and, most importantly, your own accountant. Typically, money is always tight in the first year (or few years for some), and things will only get tougher if you can’t find sources of financing to support your early growth track. The problem is that ever since the … [Read more...] about Five Creative Ways To Fund Your New Small Business
Here is the next installment in our the Reader’s Questions Series which highlight questions emailed to me by you, the readers of Money Q&A. This one deals with whether you should pay your mortgage off first or invest for retirement. Be sure to find out at the end of this article how you can receive a free copy of Dave Ramsey’s book, The Total Money Makeover if your money question is chosen to be featured in an upcoming blog post. If you're not familiar with Dave Ramsey's book, you should run right out and … [Read more...] about Reader’s Question: Should You Pay Your Mortgage Off First Or Invest For Retirement?