Most people do not think that they have enough money to save for retirement. I can remember asking my mother as a little boy if she had any investments, stocks, bonds, and the like. She told me that we barely pay the bills let alone invest for retirement. I’m here to tell you that everyone can find easy ways to save money from funds leftover in their budget to begin investing. The real problem is if you want to make room in your budget. Do you want to do without 200 cable channels? Do you want to skip the trip to the coffee bar every morning … [Read more...] about Top 4 Easy Ways to Save Money Every Month
Money market funds are a lot like money market accounts and provide investors a little more return for their investment rather than just parking their hard earned money in a standard bank savings account. Money market funds are important pieces of the short-term credit markets and can be an excellent addition to an investor's portfolio. Money market funds provide investors an great alternative to simply holding cash. They are great short term cash investments. Money market funds are deposit accounts that earn interest by investing in … [Read more...] about Benefits And Drawbacks Of Money Market Funds
Do you have a bucket list of life goals? You should! I took a challenge to write a list of 100 goals, and it changed my life and my outlook. Here's why having life goals can change your outlook. I was recently inspired to create my own Bucket List. I realized that there was no turning back the clock to recapture the years that are had lost. We all have issues with regret and a lack of reason for being in our lives. Many of us feel like we are just floundering along. I came across the same concept in Laura Vanderkam’s … [Read more...] about 100 Life Goals to Complete in a Lifetime Before You Die
Dollar cost averaging is a well established, tested, and extremely reliable approach to accumulate wealth. An investor who wants to put a lump sum of money into the stock market or mutual funds is wise to invest the money over a period of time in equal installments in order to avoid the devastating effect of a drop in the stock or mutual fund's share price immediately after investing a single, lump-sum investment. What Is Dollar Cost Averaging? Dollar cost average, or DCA, involves buying the same dollar amount of an investment at … [Read more...] about What Is Dollar Cost Averaging? – Advantages and Drawbacks
Money is tight now as everyone knows it. And, with rising health care costs, it is sometimes complicated to find ways to cut back especially on necessities such as healthcare costs. But, here are five tips for spending less and learning how to save money on medical costs and expenses. How To Save Money On Medical Costs 1. Go Generic With Medication Ask your health care provider if your medications are essential. Are there other alternatives to try out before prescriptions? If it is important to have the drug, ask if there exists a … [Read more...] about
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. A reader recently wrote in with the following question about his student loans and forgiveness. Is there a way to have my federal Stafford Loan forgiven? There are several instances where you … [Read more...] about What Are Good Federal Stafford Student Loan Forgiveness Programs?