I’m scared to death of getting sued. We now live in a litigious society where everyone is very quick to sue anyone for almost anything. The potential damage to your personal finances after getting sued, even if you win the case, can be devastating. Often times, your insurance company will settle a case for you, but you could quickly find your rates rising or your coverage being canceled altogether. There is one way to protect yourself from a potential lawsuit swamping your liability coverages on your insurance policies and reaching … [Read more...] about Why You Need Umbrella Insurance
If you’ve gone through a rough few months (or years) and your credit score has taken a serious hit as a result of problematic spending, missed payments, too much debt or other common financial problems, then you’re not alone. As many as 12% of Americans have credit scores lower than 550 and over 50 million Americans don’t have a credit score at all. Of course, shared credit woes are not valid reasons for sitting back and doing nothing while your credit score plunges into the “fair” or “poor” ranges. Instead, you should do everything … [Read more...] about How Long Does It Take to Rebuild Credit?
If you’re looking for simple ways to make money, then investing small amounts into a growth-driven portfolio is one of the best ways to plant the seeds for a successful financial future. This is the key factor behind the personal finance app, Acorns, which is designed to round up any purchases made with your synced cards and deposit that spare change into an investment portfolio. Here is our Acorns review. Acorns Review Whether you’re just getting started in investing or you’ve been looking for new ways to invest beyond your traditional … [Read more...] about Acorns Review – Invest Your Spare Change Automatically
With the stock markets currently all over the place lately, there have been plenty of talks about recessions, bear markets, double dips, and tons of other financial vocabulary words that are thrown around. But, what is the definition of a bear market? How do you define a recession? It may not be as easy as you think. You may actually not care either. What Is The Definition Of A Recession? While there are no clear cut definitions of a recession and no government agencies that host the one true, undisputedly accepted definition of a … [Read more...] about What Is The Actual Definition Of A Recession?
For those of you living under a rock, the Dow Jones Industry Average lost a lot of points recently in a massive sell-off. But, do you know what I’m doing with my money and investments? Absolutely nothing! I have a financial plan, and I am sticking to it. Having a plan helps you weather the storm and gives you the confidence you need to stay the course. Now is not the time to be selling your investments. Just like the recession that rocked the stock market in 2008, selling in a down market when you do not need your investment proceeds is … [Read more...] about Three Reason You Should Have A Financial Plan
Staying out of debt is much more difficult than accumulating debt for many adults, especially when we have social media and innovative new forms of advertising pressuring us to spend, spend, spend on a near-daily basis. Perhaps unsurprisingly, the current statistics on Americans and debt are pretty abysmal: 55% of Americans with credit card(s) have debtU.S. households added $26 billion in credit card debt during the last 3 months of 2018 aloneApproximately 10% of Americans with credit cards have balances of $5,000 or higherThe average … [Read more...] about What Is a Debt Avalanche Method of Debt Repayment?