Republic Wireless Review – A Great Way to Save on Your Cell Phone Bill

Deciding on a cell service provider can be quite a hassle, especially with all of the fine print details, hidden fees, service maps, and other contractual matters. Sure, the major providers like Verizon, AT&T, and T-Mobile might offer great benefits like top-of-the-line data speeds, unlimited talk and text, and other cool products and services, but it’s still confusing to navigate the contracts. If you want better cell phone service at a reasonable cost, then up-and-coming Republic Wireless might be the answer you’ve been waiting for. With no contracts and maximum efficiency, the service automatically defaults to wi-fi access before eating into your data plan. Republic Wireless was designed to simplify the consumer experience and help folks save money on their … Read more

The Advantages of Investing in Dividend Reinvestment Plans (DRIPs)

Dividend Reinvestment Plan

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

A Single Parent’s Guide to Saving for Retirement

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

Cryptocurrencies 101 – What Are Cryptocurrencies?

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

4 Incredibly Important Investments Every New Parent Should Make

When you’re preparing to have a baby, long-term considerations like paying for college tuition seem relatively unimportant compared to more immediate concerns like nursery room furniture, diapers, formula, and childcare facilities. However, the earlier you begin saving for the future, the better off your child will be. Investments parents should make 529 College Savings Plan There are two types of 529 college savings plans, prepaid tuition plans, and savings plans. Prepaid tuition plans apply to one “qualified educational institution” (accredited, nonprofit universities). Savings plans are typically applied to any college your child wishes to attend. Each state has its own 529 college plan, though the benefits of these savings plans are relatively similar. Although contributions to the 529 plans are … Read more

How is the Tech Industry Transforming the Financial Industry?

The financial technology industry, also known as “fintech”, is rapidly expanding across the globe. In the second quarter of 2017 alone, fintech companies raised nearly $5.2 billion and there are currently 26 fintech companies valued at $1 billion or more. The rise of fintech is creating serious problems for the traditional financial industry. These tech-savvy companies are better equipped to handle consumers’ demands for 24/7 control over their finances. In addition, they offer lower fees and higher savings account interest rates compared to big banks. In a world where big banks don’t want to fund small businesses and continue charging customers outrageous fees, the fintech industry is uniquely positioned to challenge traditional financial institutions’ business practices. How Fintech is Transforming … Read more