April 2018

The Advantages of Investing in Dividend Reinvestment Plans (DRIPs)

Note – The following blog post contains affiliate links. If you click and purchase a service recommended here, I receive a small compensation that helps keep Money Q&A running. All opinions expressed are my own. Dividends are an important factor in making any investment decision. They have a significant impact on the overall return of a particular investment. That’s why I love dividend reinvestment plans. While in the short term it may not seem like you could gain much from reinvesting small amounts of dividends, over the long-term you could be missing out on significant gains from the effect of compounding interest. One of the easiest ways to maximize investments in dividend stocks is through dividend reinvestment plans, or DRIP for short. There … Read more

Steps to Master the Art of Trading

by Guest Contributor

Essential Tech for Currency Trading Online

Everyone wants to lead their dream life. Every day people start working hard early in the morning only to ensure their financial stability. But, even after the perfect set of skills and high-class education, it’s really hard to get a decent job in the world of economic crisis. For this reason, people in the United Kingdom always look for alternative sources of income. But finding the perfect source of income is not easy. However, if you do the extensive online research you will find that trading is one of the easiest ways to ensure your financial freedom. But in order to become a successful trader, you must educate yourself. The majority of the retail traders start their trading career … Read more

A Single Parent’s Guide to Saving for Retirement

by Hank Coleman

Retirement planning is one of the most important aspects of adulthood. If you don’t save for retirement as early as possible, then you risk not being able to retire from your job at all due. For single parents, planning for retirement might seem even more daunting because you’re playing the role of breadwinner and care provider for your family while trying to plan for your own future all at the same time. It can be exhausting trying to make enough money to meet your family’s needs, let alone have leftover money to put into retirement. Unless you’re lucky enough to qualify for a pension in the future however, planning for retirement should be one of your biggest priorities, even if … Read more

How to Save Money in Your Small Business

by Guest Contributor

As a small business owner, you have to be mindful of your expenses if you want your young business to grow. Misuse of capital is one of the main reasons why small businesses fail. How to Save Money in Your Small Business Here are some creative ways that will allow you to save money: Volunteer to Speak at Community Events If you think that you are an expert at what you do, you should take every opportunity to share your knowledge with others. One of the best ways you can do this is by volunteering to speak during community events. When you do this, your business will gain free exposure in personal and business circles. Use Contractors and Freelancers Employing … Read more

The Advantages and Disadvantages of an IVA

by Guest Contributor

Like everything in life, there are good and bad things about an IVA, and they are not suitable for everyone with money problems. If you are wondering if you should consider one, you need to look at the advantages and disadvantages of an IVA. You need to have £6000 or more worth of debt, and at least two creditors to qualify for this type of debt management. You need to live in England, Northern Ireland or Wales and have a steady income to be able to meet the agreed monthly payments. The Advantages of an IVA There are several advantages to an IVA, but you should make sure you get the right IVA Advice before contemplating moving forward with one. … Read more

Cryptocurrencies 101 – What Are Cryptocurrencies?

by Hank Coleman

In December 2016, the well-known cryptocurrency Bitcoin was worth about $780. One year later, Bitcoin has skyrocketed in value, surpassing $16,000 at one point before falling back to the $13,000 range. Bitcoin has caught investors’ attention. But, what are cryptocurrencies? The cryptocurrency and others like it are still extremely volatile. If you’re trying to get great returns on your investments, then investing some funds in cryptocurrencies might be an option. However, there have been murmurs of a “Bitcoin bubble” forming in the cryptocurrency market. Due to the newness of this type of currency, nobody knows if cryptocurrencies are close to reaching their peak values before crashing or if they’ll continue to raise several thousands of dollars over the next few … Read more