Since the early 2000s, the percentage of working Americans enrolled in a high deductible health plan (HDHP) without a health savings account (HSA) increased from 10.6% to 24.5% in 2017. Meanwhile, the percentage of people in the same demographic enrolled in an HDHP with a health savings account increased from 4.2% to 18.9%. Are you one of the millions of Americans who have a high deductible health plan without a tax-advantaged HSA to mitigate the costs of medical care? If so, opening a free, FDIC-insured health savings account with a … [Read more...] about Lively HSA Review – Why You Need a Health Savings Account
When it comes to saving money and striving towards financial independence, impulsive spending habits are some of the biggest obstacles preventing you from achieving your goals. Impulse shopping problems typically start out small: $5 purchases here and there. But then they progress into more frequent and costly purchases, as we grow increasingly desensitized to those small expenses until we’re spending hundreds of dollars per month (or week) on things we don’t really need. The problem is, human beings aren’t too great at differentiating … [Read more...] about How to Control Your Impulsive Spending Habits with Prepaid Debit Cards
Did you know that only 32% of Americans regularly maintain a household budget? This abysmal statistic serves as an important reminder that the best practices of budgeting are not as commonsense as they may seem and it’s not enough to simply know how to budget – you have to put this information into practice if you want to see real change in your financial situation. Of course, budgeting isn’t exactly the most fun thing to do, especially when you could be spending that precious little free time on more enjoyable hobbies like traveling or … [Read more...] about GoodBudget Review – How to Spend, Save, and Give with Budgeting App
A 2017 survey from Bankrate found that more than 44 million Americans have some kind of side hustle – though many use side hustles for full-time incomes – and that number has likely gone up over the past couple years. Depending on the difficulty, time involved and skill level required, side hustles can produce anywhere from $8-25/hour (sometimes less, sometimes more). Some of the more popular side gigs in recent years have involved transportation: Uber or Lyft for transporting human passengers, Bird or Lime for recharging electric scooters, … [Read more...] about How to Earn an Extra Income Delivering for Postmates
Most parents do a wonderful job of preparing their kids for academic success, future jobs, and raising families of their own, but countless studies released over the past several years indicate that parents have somewhat failed to educate their kids in one crucial category: personal finance.
Younger generations are experiencing almost unprecedented financial struggles as they get into their 20s and 30s, but is it really due to them just being “lazy” like the media headlines suggest? Why else would the quality of their lives be decreasing … [Read more...] about
The following is a guest post by Harry N. Stout, the author of the FinancialVerse books and the free newsletter Moneysavers. If you’d like to submit a guest post to Money Q&A, be sure to check out our guest posting guidelines. Do you want to be better off financially and stop leaking your valuable cash? Being financially literate just might do the trick. What I have found is that a lack of financial literacy can be financially and psychologically costly. I write extensively about this in my FinancialVerse books and content … [Read more...] about Stop Leaking Cash by Becoming Financially Literate