When my wife and I were first married the prospect of combining our finances was daunting. Are we supposed to share all of our accounts and assets from now on? The traditionalists in our families think so, but is that really the only acceptable way to merge your finances when you get married?
At some point in the life of all long-term renters the question of home ownership inevitably arises. But the true cost of buying a home is somewhat difficult to calculate. Even so, your friends and family love to lecture you about how much money you’re throwing away by not owning a property. Family: “Your rent […]
My experience buying health insurance in the United States has been frustrating. In 2014 I had two options: I could pay my portion of an employer-sponsored healthcare plan or shop around for a plan through the Health Insurance Marketplace. Otherwise, I would be uninsured and face the dreaded health insurance penalty.
Calculating your financial health is an often skipped step on the staircase of opportunity. Reviewing your assets, earnings and spending is not exactly exhilarating for most people. But to get where you want to go you should know where you are. And with a clear understanding of your financial condition, controlling
Getting the best value out of your credit card loyalty rewards can be confusing. Most people don’t spend much time scrutinizing over redemption rates, or comparing airline transfer partner programs. In fact, many people don’t even think about their loyalty rewards- or worse, they don’t use credit cards at all. However, with just a few tips […]
Establishing excellent credit is not difficult in theory. But when you consider the psychological obstacles and the lifelong commitment, you can see why so many people get into credit debt. Recently a reader posed this question to me: Quick question–I am in the process of trying to establish credit and trying to do so quickly. I […]
Going to college is more expensive than ever before. According to Mother Jones, the average cost of college is now ~12 times more expensive than it was 35 years ago. This increase isn’t solely due to inflation and the actual cost to educate students has not gone up much. Today’s high college costs are largely the result of
In my quest for financial independence I have made countless money mistakes. It wasn’t until I became a tax consultant and started analyzing the finances of my clients, that I began to spot the red flags in my own budgets. Money mistakes aren’t specific to a particular age group or social status, so much as they are the result of