Hank Coleman

Hank Coleman is the founder of Money Q&A, an Iraq combat veteran, a Dr. Pepper addict, and a self-proclaimed investing junkie. He has written extensively for many nationally known financial websites and publications about investing, retirement planning, and even how to find the best return on investment. Hank holds a Master’s Degree in Finance and a graduate certificate in personal financial planning. Email him directly at Hank[at]MoneyQandA.com. Hank has written over 750 articles on Money Q&A. Learn more about Money Q&A on Twitter @MoneyQandA and @HankColeman. Subscribe To Money Q&A If you want to learn more about taking back control of your money please subscribe to Money Q&A’s RSS feed or via email to receive all the latest articles! You can also subscribe to our Free Weekly Newsletter.

Factors Why You Should Consider Buying a House

by Hank Coleman

Buying a house is still part of the American Dream. There are several great benefits of buying a house that you should be aware of. While today’s housing market and the significant lack of available credit make owning a home more difficult, it is not impossible to purchase a home. With good credit and down payment, you can find a mortgage to purchase a new home. Get up to 4 offers at LendingTree.com. Renting should not be your default option when there are so many great benefits of buying a house. Top 4 Great Benefits of Buying a House Forced Savings One of the greatest benefits of buying a house is that it forces you into a set savings plan. … Read more

Three Financial Mistakes College Students Make – Radio Interview

by Hank Coleman

If you could go back to your former self and give advice, what would you tell yourself? Have you ever wished that you could go back to yourself as a college freshman and change your ways or tell you how to behave differently? I sometimes think back to what I would have told myself about the financial mistakes college students when I was in college. I should have cooled it with credit cards. I should have had a budget. I would definitely have done a few things differently.

Find out about the best financial tips that college students need to know and financial mistakes college students make when I discussed the issue with Heather Moore and Ben Brashen on the Brashenomics Radio Show this past week.

Why Your Stay At Home Spouse Needs Life Insurance

by Hank Coleman

Do I Need Life Insurance For My Stay At Home Spouse

Do I need life insurance for a stay at home spouse? Too many families forget to purchase life insurance for a spouse that stays at home and takes care of the children.

This can be a tragic mistake should the stay at home spouse die unexpectedly. There are many things that he or she does that would need to be replaced right away such as caring for the children, cleaning the house, and other items.

Not having life insurance for a stay at home spouse could make a dramatic impact on your family’s budget and put you in a financial hurt. This is of course on top of your loss.

Do I Need Life Insurance For A Stay At Home Spouse

Do I need life insurance for a stay at home spouse? Here are a few thing to think about when you are considering purchasing either term life insurance or cash value life insurance for a stay at home spouse.

It’s Tough To Replace A Stay At Home Spouse

If you stop and think about it, a stay at home spouse provides a lot of services to the family. Should your spouse die unexpectedly, then you would need to hire someone to come in and fulfill those roles in your home. For example, think of all the cleaning that your spouse probably does on a daily bases.

Your stay at home spouse also most likely cares for your preschool aged children. If he or she should die, you would need to pay someone to do those things. The same could be true for meal preparation. Not having insurance to cover the cost of these items could leave you in a financial bind.

Is Life Insurance An Asset Like Your House, Cash, Or Gold?

by Hank Coleman

Is life insurance an asset? Do you consider your life insurance policy to be an asset like your house, cash in your bank account, or the gold bullion bars under your bed? Is life insurance the new asset class?

Are our net worth’s about to skyrocket? It is an interesting idea that has been gaining in popularity in the personal finance circles.

There are several reasons that you may want to consider your life insurance policy to be an asset. But, there are also plenty of reasons not to think of it in that way.

Is Life Insurance An Asset? Maybe!

I will start by saying that I am not a fan of this new philosophy. I personally do feel that life insurance policies are an asset. They are simply a tool. They aren’t a tangible asset that you can touch.

With that being said, there are a few circumstances where I can see that people would include their life insurance policies as an asset. Most of them revolve around whole life insurance policies which are very expensive for people to own. There are much better uses of your principle payments than whole life insurance which is also known as cash value insurance policies.

Three Top Money Tips For College Freshmen

by Hank Coleman

If you could go back and tell your “past” self one thing, what would you tell him? Would you tell yourself to go a little easier with credit cards? Do you wish that you had started investing at a young age? Have your parents tried to give you advice and money tips for first-year college students? Here are some of the best money tips for college freshmen to know as they head off to college. What you learn can help you for a lifetime. With college students about the flood of our nation’s colleges and universities in the coming weeks, there are several money tips for college freshmen, and the rest of the student body should heed. Three Money Tips For … Read more

Four Best Home Insurance Discounts To Ask For

by Hank Coleman

You may qualify for certain discounts on your home insurance that you are not taking advantage of. You need to make sure that you ask your home insurance company if you qualify for home insurance discounts and are receiving these discounts on your homeowner’s insurance policy. Not capturing all of them can cost you a significant amount of money each year. Four Best Home Insurance Discounts You Need Bundling Car And Home Insurance Most people have seen the commercials about bundling your home and car insurance together in order to receive discounts on both. This is very true. Far too many people are focused on shopping around for the best insurance rates, but the best rates might be right there at … Read more