Personal Finance

Articles on Money Q&A about personal finances and how it affects and interacts with your money and finances every day.

How to Make Money with Passive Income Ideas with the Things You Love

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If you’re looking for ways to generate extra income, which can keep making money while you spend your time doing the things you love, here are five easy-to-start passive income ideas to get you thinking. How to Make Money with Passive Income Ideas 1. Rent some space While you’re probably thinking that here we mean hosting people on sites like Airbnb, this doesn’t have to mean that you’ll constantly be looking after guests. Why not rent out your home while you’re travelling, and leave the logistics to a property management company. They’ll organize cleaning, before and after a rental, key handover, and provide a point of contact for your guests. Of course, that will eat into your income a little, but … Read more

When You Might Need Professional Financial Planning Services?

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Do not forget to follow up from a business conference.

Financial planning is something many people mistakenly believe is only for rich people or older people who are approaching retirement. The reality is that financial planning services can come in helpful at various stages of life far before you get ready to retire. It also is handy for people regardless of how much money or how many assets they have. It is never the wrong time to get your finances in order. You don’t need to be well off to benefit from these financial planning services, either. Using these financial planning services is a smart move that can help you determine the best way to handle the money you do have now and in the future. What It Offers Financial … Read more

How to Prioritize Which Bills to Pay When You’re Struggling

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How to Prioritize Which Bills to Pay

Here is the next installment in our the Reader’s Questions Series which highlight questions emailed to me by you, the readers of Money Q&A. Be sure to find out at the end of this article how you can receive a free copy of Dave Ramsey’s book, The Total Money Makeover if your money question is chosen to be featured on an upcoming week’s blog post. If you’re not familiar with Dave Ramsey’s book, you should run right out and get it. It is one of my the best personal finance books that everyone should read. Now….our reader’s question. If you are in financial trouble and tight on funds, how do you prioritize which bills to pay and which to leave until next month? There eventually may come a … Read more

How to Separate Your Paycheck from Your Discretionary Spending

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Separate Your Paycheck from Your Discretionary Spending

Did you know that half of American families live paycheck to paycheck? That number may seem astounding, but considering how high costs of living are nowadays and how wages don’t seem to be catching up with those costs, maybe it’s not so surprising that so many families live paycheck to paycheck and as many as 1 in 3 Americans have less than $500 saved up to cover emergency situations. It’s never been more important to separate your paycheck from your discretionary expenses because we never know whether our health insurance premiums might go up one year, our landlords could suddenly increase rent or any number of other scenarios where your non-discretionary expenses unexpectedly rise. How to Separate Your Paycheck from … Read more

4 Ways I Would Change Dave Ramsey’s Baby Steps in 2020

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dave ramsey

The following is a guest post from Ben, publisher of the blog – Saved by the Cents. If you’d like to submit a guest post to Money Q&A, be sure to check out our guest posting guidelines. You may be reading the title and thinking that I completely disagree with Dave Ramsey’s Baby Steps to achieve financial freedom. It’s actually quite the opposite. I have a lot of respect for Dave Ramsey. I also believe that what he’s done has been quite instrumental in my life and many people I have come in contact with. If you aren’t familiar with Dave Ramsey’s Baby Steps, you may want to take a look at the different steps: Baby Step #1: Create a … Read more

Three Ways To Ruin Your Own Financial Recovery

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Don't trip up your own financial recovery.

Things are looking up with the economy as more economic indicators are turning positive. In the past couple of weeks, we have seen positive signs from unemployment, housing starts, consumer spending, and of course the stock market. But, how can you have a financial recovery? But, there are a few ways that you can trip yourself up and screw up your own personal financial recovery. It does not have to be that way though. You can avoid these stumbling blocks and continue your own recovery. Three Ways to Ruin Your Financial Recovery Not Being in the Stock Market No matter how much we wish we could, the truth of the matter is that we simply cannot time the stock market. … Read more