This question has plagued financial planners for years. Should you pay off debt, or should they start a retirement account first? This assumes that the same amount of money is involved in each transaction. We will use $5,000 for our examples. Below we will take a look at the pros and cons of each option, and give our opinion. Paying Off Debt First Paying off debt is a great way to use a lump sum of money. Being in debt can be burdensome to the individual in debt, and feeling like you are never going to get out can be awful. If you do not have a … [Read more...] about Which Is First: Paying Off Your Debt or Investing for Retirement?
Archives for April 2012
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 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 the best personal finance books that everyone should read. Now....on … [Read more...] about Reader’s Question: Do Single People Need Life Insurance?
I was recently interviewed two weeks ago on KGO 810AM San Francisco. This was my first interview talking about money matters and consumer savings tips. I was interviewed about the article that I wrote detailing how to save money on my moving expenses. It was great and a lot of fun. I have included a copy of the Mp3 below for you to hear it. It is a quick eight minute interview covering some great moving tips. Click to play - KGO 810AM San Francisco Interview - "How To Save Money On Moving Expenses" If you cannot hear the WAV file, here is … [Read more...] about Money Q&A Interview On KGO 810AM San Francisco
If you have applied for a homeowner's insurance policy in the last ten years, you may have been surprised when the insurance agent asked you if you have any pets. Specifically, they are looking to see if you have any dog breeds that the insurance company deems to be dangerous. In fact, many insurance companies limit coverage to dog owners, and may deny coverage all together to owners with certain breeds. Why Insurers Hate Dangerous Dog Breeds While many consider insurance companies refusing to insure individuals with certain breeds, the fact … [Read more...] about Dangerous Dog Breeds And Your Insurance
A high deductible health insurance plan is just like what it sounds like. It is a health insurance plan that has a high deductible and is designed to provide for catastrophic coverage in case something happens to you. It is a viable option for people who are struggling to find health insurance at a reasonable price. How High Deductible Health Insurance Plans Work High deductible health insurance plans usually have lower premiums and higher deductibles than standard health insurance plans. Usually high deductible health insurance … [Read more...] about Benefits Of High Deductible Health Insurance Plans
You purchase home insurance to protect yourself if something major goes wrong such as a pipe that bursts, there is a fire, or some other peril. In fact, most mortgage companies require you to have homeowner's insurance if you have a mortgage on your house to protect their stake in your home as well. However, insurance companies are not in business to pay out too many claims. They would quickly find themselves out of business if they did that, and they take a negative view on customers filing too many claims in a short period of time as well. … [Read more...] about Filing Too Many Small Claims Can Hurt You