For the most part, my wife and I are pretty frugal. But, we both have our weak spots when it comes to spending. I spend way more money than I probably should on brewing beer. My wife has a soft spot for anything that could be turned into a crafting project. Fortunately, we haven’t joined our checking accounts just yet – giving us each a little bit of space when it comes to our personal spending. [Read more…] about Quick Holiday Money Tip for Couples
In a previous post, we answered “Partie’s” question about his automobile insurance, letting him know insurance should be used. Today, we’ll dive a little deeper into the nuisances of car insurance. After reading this article, you’ll know how to choose insurance for the things that matter – and save money by not getting insurance coverage on the things you don’t need. [Read more…] about Why does Automobile Collision Insurance Cost More than Comprehensive?
Today’s post comes from one of the blog’s readers. Partie McPartnerstein (not his real name) writes in to ask:
My car is worth about $7,500. I just dropped collision coverage, and raised my comprehensive deductible to $2,000. This saves me $324 year. Is that OK?
Before answering Partie’s question, let’s cover how insurance works. In fact, you’ll be able to answer Partie’s question before you even get to the end of today’s post. [Read more…] about The Right Way to Use Insurance
It is not uncommon for your employer to offer multiple health insurance options at during Open Enrollment. Sorting through the various health plans can be confusing and frustrating. To ease the pain, here is a super-simple way to determine which health insurance plan is right for you: [Read more…] about Health Savings Account (HSA)
This begs the question: why? Why the emphasis on disability insurance?
Why is so much emphasis being put on disability insurance?
It’s because – as a young person – securing disability protection is one of the most important financial planning moves you can make.
In another post, we talked about employer-provided disability insurance – and the shortcomings of it. One of the problems is the gap in coverage – which could leave an individual without income for more than three months! [Read more…] about Personal Finance – Why You Need an Emergency Fund