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?
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
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
The following is a guest post from Don at MoneySmartGuides.com where he posts about personal finance for the average person. Sadly, personal finance isn’t taught in school and many people are confused on the subject. Don is here to help educate everyone in hopes that they reach their personal finance goals!
When it comes to estate planning, most people avoid the topic. It’s understandable, but there are four estate planning documents you need to have. It’s understandable since talking about your own death isn’t something most people look … [Read more...] about
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 … [Read more...] about Counting The Cost Of Uninsured Drivers
This Yakezie Blog Swap post is from Kay Lynn Akers who writes about money and life on the way to retirement at Bucksome Boomer. Head over there to read my best travel budget tip. Do you love to travel? Me too but the costs can add up. I don't want to be limited to camping trips or couch-surfing in order to travel. Fortunately, my family has found a way to stretch our vacation dollars regularly by utilizing two strategies. Travel off Season One way to save money is to travel to destinations when the weather is less desirable to most visits … [Read more...] about Strategies To Stretch The Travel Budget
If you are considering getting a home loan, it is essential that you do your research and fully understand what you are getting in order to find the best mortgages and interest rate for you and your family. For many types of home loans, you can research great mortgages ahead of time by using a mortgage calculator to figure out your major costs and expenses. How to Use a Mortgage Calculator When you are using a mortgage calculator, you need a couple of basic pieces of information: the mortgage amount, the mortgage term (usually 15 or 30 years, … [Read more...] about The Benefits Of Using A Mortgage Calculator
Ever since the world economy went belly up in 2008, life has been harder for all of us in the age of austerity. One particular group who have felt the pressure more than most are savers. Central banks across the Western world have set interest rates ever lower - so low in fact they can barely go any lower at all. This, of course, means that savers who keep money in bank accounts are feeling the pinch more than others as their money isn't benefiting from very good interest either. There are some routes that can be explored to see if we can … [Read more...] about Savings In The Age Of Austerity
This is a guest post by Mike Egan who is the author of “Your Stronger Financial Future”. A recent article in the New York Times focuses on seniors who are considering mortgages on new homes when they retire. The article is a good summary of what seniors (or anyone considering a mortgage application) should expect and the specific items to have handy, such as proof of income and a good credit score. What the article doesn’t address is the question of whether a mortgage is a good idea, either for a senior (65 and older) or anyone else. … [Read more...] about How Debt Can Ruin Your Retirement