April 2020

4 Ways to Live Out a Long-Term Financial Strategy

Have you heard the expression, “You spend money as if it’s burning a hole in your pocket?” If so, that probably means there’s room for improvement when thinking about long term financial strategy and plans. If you’re able to make enough money to put food on the table and keep a roof over your head, you should still think seriously about things you can do now so you’ll have more money in the future. 4 Ways to Live Out a Long Term Financial Strategy Set Realistic Money-Saving Goals When people mull over money and the future, their minds often go straight to retirement. Actually though, the future is any time beyond the current moment, so when you consider saving money … Read more

5 Ways to Fund Emergency Medical Situations for Your Family

by Guest Contributor

If you’re financially conscious, you’ve likely planned ahead for emergencies. However, some situations — especially medical — are hard to plan for, even for the fiscally responsible. Whether you’re covering expenses for yourself, your kids, your parents, or even your dog, there are plenty of ways to fund emergency medical situations for your family. Below, we’ll discuss five ways financially conscious planners like you can cover these unexpected expenses. 1. Use Your Emergency Fund An emergency fund can ensure that you can cover any expenses that come up unexpectedly, including medical expenses. If you don’t already have one, start an emergency fund so that you’re prepared when life throws you the next curveball. Start by writing out a list of … Read more

Go to Community College First Before Earning a Bachelor’s Degree

by Hank Coleman

Nowadays it’s almost mandatory to have a Bachelor’s degree to qualify for a decent job. It’s like a Bachelor’s degree is the new high school diploma. But, taking on tens of thousands of dollars just to get a piece of paper that will qualify for your dream job isn’t always ideal or financially sustainable. Fortunately, community college is becoming an increasingly popular option for people who want to save money on the way to getting his or her degree. You may want to consider going to a community college first before earning your Bachelor’s degree. Why You Should Go to Community College First Here are four things to consider when choosing between community college first and university classes: More Time to Decide … Read more

5 Reasons to Keep Your Life Insurance After Retirement

by Hank Coleman

Life insurance is often touted as your trump card should you die during the prime of your life. Nevertheless, when the kids have flown the nest and you have little to no responsibilities left, it can seem silly to keep paying for life insurance after retirement. Here are five reasons why keeping your life insurance after retirement going is crucial. Why Keep Life Insurance After Retirement Final Expenses It’s expensive to die these days. Sadly, you can’t just bury yourself in the yard any longer. According to Seniors Life Insurance Finder, it can cost around $10,000 when all final expenses are taken into account. Don’t burden your family with these extra costs. You can cover these final expenses through even a small … Read more

5 Key Tips for Guiding Your Family Finances During Covid-19

by Jennifer Davies

During a global pandemic, are you prepared to control your finances until the world stabilizes? Check out these key tips for guiding your family finances during COVID-19. The COVID-19 pandemic is like no other event that has ever occurred in the world. While the effects are more severe for some people, the pandemic has affected 100% of the population on this earth. Your family finances might be one of the leading areas in your life that you see and feel the effects. You may feel stressed from this issue, and you might worry about the future. Feeling these things is quite normal, but there are some things you can do to protect your finances. If you’d like to learn more, … Read more

How Can You Qualify for Public Service Loan Forgiveness?

by Hank Coleman

Should You Take Out Private Student Loans for College?

The government-funded Public Service Loan Forgiveness (PSLF) program launched in 2007, but despite high hopes for this program – which was designed to bring financial relief to thousands of Americans struggling with student loan debt – the results have been abysmal so far, with only 1,216 applicants achieving loan forgiveness as of September 2019. Compare that to the 100,000+ applicants who have been rejected by the program, whether due to ineligible employers (“public service” isn’t as clear-cut as you might expect), missed payments (or applying for forgiveness before the minimum payments threshold is met), ineligible loans (not all student loans qualify) or simply filling out the request form incorrectly. If you think you may qualify for the Public Service Loan … Read more