Money Questions and Answers

The Hidden Costs of Car Ownership that Can Bite You

Most of us need cars to get to and from our jobs, campuses, activities, and homes, but few of us take the time to really think about the affordability of car ownership. Should you buy or lease a car? Experts are divided on the best option for drivers who want to save money without sacrificing safety and convenience of personal transportation. On one hand, leasing a car is a great way to have a new car in your driveway with little to no down payment upfront. On the other hand, owning your own car gives you an asset (albeit a depreciating one) that you can later sell for a return of some of your money rather than just giving the … Read more

Retirement Mistakes You Should Avoid at All Costs

by Hank Coleman

Understanding The Ins And Outs Of 401k Retirement Plans

Did you know that one in four workers have less than $1,000 saved for retirement? Yikes. Many people put off saving for retirement because of credit cards or student loan debt. They may also prioritize lifestyle over savings, deciding to live at one’s means instead of below. This can be one of the biggest retirement mistakes. Oftentimes people just don’t’ know where to start, even when they want to save for retirement. If your employer offers a 401k, that’s great, you should probably take advantage of that. But, even if they don’t there are still plenty of ways to save for retirement. 5 Retirement Mistakes to Avoid A big part of saving for retirement is not making mistakes. If you’re not … Read more

How to Start Saving and Get a Month Ahead Without Much Income

by Guest Contributor

The following is a guest post by Rebekah Carter. If you’d like to contribute a guest post to Money Q&A, check out our guest posting guidelines. Today, most people know just how valuable a financial safety net can be. In times of crisis, an emergency fund can be the difference between being able to replace your broken washing machine, or being forced to turn to the bank for a loan. It can also mean that you’re always protected if something unfortunate happens to your income. The trouble is when you don’t have a high-paying career in the first place, getting a month ahead in your savings can feel like an impossible goal. The good news is that no matter how … Read more

6 Reasons Why You Should Start Saving Early

by Guest Contributor

The following is a guest post by Anthony Goff, a financial advisor with a degree in Mathematics and also the founder of Personal Finance Hub. If you’d like to submit a guest post to Money Q&A, check out our guest posting guidelines. Saving isn’t necessarily the easiest thing to do. As soon as you get your paycheck or money from a friend, the first thing you’re going to think about is spending it as soon as possible. However, what if we told you to start saving that money? I know, we sound crazy. But, if you start saving early in life, it can seriously help your financial stability. Below, are the top five reasons why you should start saving early on … Read more

The Broke Personal Finance Model – Why Finding $400.00 in an Emergency Hard

by Guest Contributor

The following is a guest post by John Jamieson, the author of Wealth Without Stocks or Mutual Funds. If you’d like to submit a guest post for Money Q&A, check out our guest posting guidelines. Almost 50% of Americans claim they would have a hard time getting their hands on $400.00 in an emergency. There’s a reason for that claim. It’s a broke personal finance model that makes that figure possible. In October 2017, USA today published an article with a truly frightening statistic. According to the article, nearly half of Americans would be in trouble if they had to come up with just $400.00 in an emergency! If you’re reading this article, I would bet you’re not one of those … Read more

What Businesses Can Learn from Sports

by Guest Contributor

The following is a guest post by Piyush Patel, author of the forthcoming Lead Your Tribe, Love Your Work. If you’d like to contribute a guest post to Money Q&A, be sure to check out our guest posting guidelines. Sitting down around a table at the popular Bottega restaurant in Napa Valley, my executive team and I settled in for an evening of celebration. The last few months were a flurry of long hours, bug squashing and improving on our new streaming video platform. It felt good to take a step back and celebrated their hard work and a job well done. This was about two years before Netflix offered their own streaming-only plan, so it was venturing into an … Read more