How to Save Money on Rising Medical Costs

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Save Money on Medical Costs

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. One great way to save money on your rising medical costs is to shop around on the web. There are many great websites like www.glasses.com that can help you find affordable medical care, prescription glasses, and the like to help take the sting out of rising medical costs. How to Easily Save Money on Rising Medical Costs Here are five additional tips for spending less on rising medical costs and healthcare expenses. 1. Go Generic With Medication Ask your health care provider if your medications are essential. Are there … Read more

What Is Landlord Insurance? And Is Insurance Worth It?

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How To Evaluate The Rate Of Return On Rental Property

Being a landlord can be very hectic, if you are renting out your vacant properties, there are plenty of things that can go wrong when you allow tenants to rent the house. It is wise to take the necessary precautions before it happens. If you haven’t got the right insurance cover you might have to pay the bills from your own pocket if things go wrong. What if the property is damaged by a natural calamity, or even vandalized? To make being a landlord less stressful than it already is, there is the Landlord insurance, which can really come in handy. What exactly is Landlord insurance? Landlord insurance protects you (the landlord) from the risks that accompany your property when … 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

Top 4 Reasons You Might Want to Sell Mutual Funds You Own

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Dave Ramsey's Baby Step 4

I am a buy and hold investor. I do not like to sell many of my investments. I’m decades away from retiring, and I’m a long-term investor, to say the least. It takes a lot for me to sell mutual funds that I own. But, I have been known to transfer the assets from one mutual fund or mutual fund company to another one based on certain criteria. There are times that it is best to just sell your mutual funds and let them go. Things change. Investing philosophies and goals change. Those are the reason to sell mutual funds. Four Reasons When To Sell Mutual Funds Fund Manger Changes Direction You purchase a mutual fund based on its fund … 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

Do Your Investments Suffer From Mutual Fund Overlap?

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Do Your Investments Suffer From Mutual Fund Overlap?

How many mutual funds do you invest in? Do you have several funds 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 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 wind up with incredibly large mutual funds. For example, the Fidelity Contra Fund (Ticker Symbol – FCNTX) has over $56 billion in total assets … Read more