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” [...]

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 [...]

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 [...]

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 [...]

Keeping Track of Non-Cash Charitable Contributions

charity

Donating goods is a great way to pass on items to those who can use them, and at the same time earn yourself a tax deduction.  However, you need to actually keep track of what you drop off so that you can get a tax deduction.  In an audit, if you do not have proper [...]

My Credit Card Experiment

September 18, 2007 – the last time I made a single charge on a credit card, until yesterday. Back in 2007 my husband and I decided to try life without a credit card.  We paid our balance in full all the time, had an emergency fund and had no need for the card.  Over the [...]

Shhh..Money Secrets

You can learn about money: Head to the library and check out a book Read a blog Attend a live class, a teleclass Talk to others who invest Watch money news shows The options are really endless, go ahead do one thing today that will help you.  No one is stopping you from learning about [...]

Save Money While Shopping

It is official – it is Black Friday week, I mean Thanksgiving week! We have all become fascinated with the deals we can get on Black Friday!  I love a great deal, yet don’t love to shop with crowds early in the morning.  So I skip black friday.  Yet, I still get plenty of deals [...]

How a Financial Planner Lost His Home

  This week I came across an article about a financial professional who lost his house during the housing down turn.  I think everyone should read this article as it has many great lessons that you can benefit from. I had many emotions while reading this and it made me think hard about my existing [...]