I have to admit that when I stand in line at the grocery store (or any store for that matter) that I am always tempted by the impulse purchases in the racks by the checkout counter. What’s the harm in those little expenses incurred? It is only a dollar or two, right? But, those dollars add up. It is the little expenses in our lives that can really get us into trouble and knock our family’s monthly budget out of whack if we are not careful. The little expenses add up over time. We Study Large Expenses Incurred We bend over backwards to find … [Read more...] about The Little Expenses Incurred Can Quickly Add Up
How many mutual funds do you invest in? Do you have several spread out between Roth IRAs, or do you invest in several mutual funds through your company’s 401k retirement plan? Do you know which stocks those funds invest in? You may suffer from mutual fund overlap. You may be surprised to learn that many of these mutual funds overlap. There can be a real danger in mutual fund overlap, and you may not as diversified as you think. What Is Mutual Fund Overlap? When a mutual fund does well, investors pile into the investment. Eventually, you … [Read more...] about Do Your Investments Suffer From Mutual Fund Overlap?
In a recent survey, 80% of Brits said they would be looking to save money in the coming year by trimming the amount they spend on financial products, despite the fact that a similar proportion have never changed providers. Thankfully, the home insurance market is already very competitive, with big banks squaring off against smaller providers and driving down prices such as home insurance products from Santander. That's not to say, however, that there isn't always a way to save a few more pennies, and here are some useful tips. … [Read more...] about Top 5 Tips For Cutting Insurance Costs
Jon Acuff who wrote an incredible book called “Quitters” recently asked his Twitter followers (follow him @JonAcuff and follow me on Twitter @MoneyQandA), “When did you realize that you were never going to be able to slam dunk a basketball? Have you realized yet?” We all have dreams and goals that are incredibly lofty. I have 100 goals to complete before I die. I know what you are thinking. What does this have to do with the American Dream? It has everything to do with our dreams, the American Dream, and what we think that we can accomplish in … [Read more...] about Is the American Dream Dead or Alive?
One of the most important things that you have to consider is what your goals are for the money you are saving for your children. Do you want to have more money for them to go to college with? Do you want to be able to help them buy them a car when they are 16 years-old? Do you want to save for your daughter’s wedding? The goal will drive which investment choice that you make. Here are three options for you to consider based on your goals. Three Accounts To Invest For Your Children 529 College Savings Account A 529 College Savings … [Read more...] about Top 3 Investment Accounts to Invest in for Your Children
I’m constantly being asked money questions by readers, coworkers, friends, and family members. I do ask for your money questions over and over again after all. In fact, if you email me one of your money questions and I pick yours to be featured in our Reader’s Questions Series, I’ll send you a free copy of Dave Ramsey’s book, The Total Money Makeover. I thought that it would be cool to highlight the ten questions that I hear the most often. Here are the quick answers to these top money questions that people have a burning desire to … [Read more...] about Top Ten Money Questions People Always Ask