What is a Fund of Funds

A fund of funds is a type of mutual fund that is made up of other mutual funds (and occasionally ETF’s).  Similar to a book that is a collection of poems.  You get a bunch of different poems in one book. Why Fund of Funds Exist These funds were designed to make investing easier by [...]

Term Life Insurance: What You Need to Know

Term life insurance is when you pay an annual fee (payable in smaller payments if needed) for the benefit that if you die your loved ones receive money.  Example:  I pay $210 per year for the life insurance company to pay my husband $500,000 if I should die during the policy term. The word “term” [...]

Solve Your Problems With Hope

  “I feel stuck” “I am in over my head” “I don’t know what to do” “I am overwhelmed” These are words that I hear frequently when people are talking about their money.  When you are faced with massive amounts of debt, a lower income than you are used to having or a stagnant investment [...]

Life Insurance: Answers to Your Questions No Confusing Language Included

Many life insurance questions have nothing to do with a specific type of policy but more about the why’s of insurance.  This article covers the most common questions about general life insurance policy. Why do I need Insurance? The purpose of life insurance is to cover your loved ones that count on your income if [...]

How to Achieve Your Large Goals

Recently I have been working on some big goals and last night had a big case of overwhelm.  Luckily last night my brain was quick to remind me that I have tackled many large goals in the past and had success. This success came from one thing that I do frequently – I break my [...]

The Basics: What is Life Insurance

Life Insurance: To Care for Your Loved Ones

Insurance is something I consider a necessary evil in personal finance.  In an ideal world nothing bad would happen or we would actually have piles of cash in case something bad did happen.  Unfortunately that is not the case, thus the existence of insurance.  One of the most important insurances policies for you to have [...]

Money Lessons from Credit Cards

It has been two months since I started my credit card experiment and I will say so far I am pleasantly surprised at the results! Here is what I have learned/experienced: It helps with our cash flow management; more time in the bank for our money means more interest. Not cash flow in the sense [...]

What is 401K Vesting

You just started a new job and one of the perks of the job is a 401k.  To make things even better your company also offers a match for your contributions.  Who doesn’t like “free” money for investing? Before you get overly excited, let’s look at one aspect that may impact just how much of [...]

Stop Being Indecisive About Your Money

When making major personal finance decisions sometimes we just want someone to tell us what to do.  Instead of deciding if we need a credit card; we want someone else to tell us if it is the right thing to do.  We just don’t have the time or desire to figure it out on our [...]

Target Date Funds and Your Retirement Money

Vanguard Summary

Picking the right selection of mutual funds for your retirement plan can be an intimidating task.  The options seem to be endless and in a foreign language.  Then you spot it: the Target Date Fund for your retirement year.  Could this be the answer to your problem?  Before you jump right in, let’s take a [...]