Money Tips Network
What To Do When a Teenager’s Tastes Turn Expensive
Somewhere along the line, the toddlers and youngsters that used to fill my house with noise grew up into preteens and teenagers. The toys they once yearned for and constantly played with have slowly been packed away and given to charities, and their tastes have changed. They now want gadgets — cellphones, tablets, higher-end PCs […]
The post What To Do When a Teenager’s Tastes Turn Expensive appeared first on The Simple Dollar.
When You Have To Retire due to COVID-19
Here’s a stunning fact: The Bureau of Labor Statistics reports that unemployment during the pandemic for workers 55 and older jumped from 3.3% in March 2020 to 13.6% in April 2020. The numbers settled down in the later months, but the question remains: What happened to those older workers laid off from April to July, […]
The post When You Have To Retire due to COVID-19 appeared first on The Simple Dollar.
What if Financial Recovery From COVID-19 Seems Impossible?
Some 44% Americans predict it will take three years or more to recover economically from the pandemic, according to a January 2021 Pew Research poll. One in 10 Americans believe they will never recover. For many of us, the goals we had for our lives a year ago reflect a different world than what we […]
The post What if Financial Recovery From COVID-19 Seems Impossible? appeared first on The Simple Dollar.
Preparing Your Information for Disaster
When COVID first hit, like a lot of people, I began to think about my own mortality in a new light. Here was this unknown illness that was striking people down. What if it were to happen to me? What I felt wasn’t so much a fear of my own mortality, but worries about what […]
The post Preparing Your Information for Disaster appeared first on The Simple Dollar.
My new Audible course on financial independence and early retirement!
Nearly two years ago, I received an unusual email at an address I rarely check anymore. The author wrote:
I am writing to you today because The Great Courses in partnership with Audible is exploring the possibility of creating a high-quality series on Financial Independence. We believe that you may be an excellent candidate to teach such a series. I've read many articles at Get Rich Slowly and I'm always impressed by your writing and how much excellent content you create.
At first, I thought this was spam. Before I deleted the message, though, I checked the sender. Sure enough. The sender (and the message) was legit.
I wrote back:
Thank you for reaching out. I get a lot of requests for my time and typically turn them down. Not this one. I feel like this is a terrific idea and well-worth exploring. I am a long-time fan of both Audible and the Great Courses. I'm not joking.
How Does Renters Insurance Work?
If you want to know how renters insurance works, you’re in luck. Renters insurance is not only one of the most straightforward types of insurance to purchase, but it’s also quite affordable. Renters insurance protects you in a wide variety of circumstances, from coverage if your laptop is stolen out of your car, to medical […]
The post How Does Renters Insurance Work? appeared first on The Simple Dollar.
Does Renters Insurance Cover Bedbugs?
You bought renters insurance to protect you against life’s what-ifs. So if you wake up with a row of small bites, you might be wondering: Does renters insurance cover bedbugs? Bad news. In most cases, you can’t get renters insurance to cover bedbugs. You’ll be on the hook for paying for extermination or the other […]
The post Does Renters Insurance Cover Bedbugs? appeared first on The Simple Dollar.
Fixed- and Variable-Rate Loans: Which Are Better?
Reading over your loan options can feel like studying a foreign language. What is a fixed vs. variable loan? And what on earth is a rate index? Whether you are taking out a home loan or financing your next vehicle, you’re bound to come across some of the same terms. Having a fixed-rate loan is […]
The post Fixed- and Variable-Rate Loans: Which Are Better? appeared first on The Simple Dollar.
How To Get Rid of PMI, or Private Mortgage Insurance
Private mortgage insurance removal is on the minds of many homeowners because it makes up a significant portion of their monthly payment. When you put a low- or medium-sized down payment on a home, PMI is the insurance you are required to buy to help the lender not have quite so much risk. Once you’ve […]
The post How To Get Rid of PMI, or Private Mortgage Insurance appeared first on The Simple Dollar.
What Is a Mortgage Interest Deduction?
Saving up money for a down payment and closing costs has created a barrier for many would-be homeowners. To make it a worthwhile debt to incur, incentive programs were designed, like the mortgage interest tax deduction, which has made it even more attractive for renters to take the leap and incur the mortgage debt required […]
The post What Is a Mortgage Interest Deduction? appeared first on The Simple Dollar.
How Much Is a Down Payment on a House?
When you begin shopping for a house or investment property, one of the first questions to sort out is how much down payment you want to make. For reference, the average down payment on a house hovered around 12%, with a lower average (6%) for first-time home buyers. Still, a higher down payment can help […]
The post How Much Is a Down Payment on a House? appeared first on The Simple Dollar.
What if You Fear Missing Out on a Hot Investment?
If you’re like me, stories of people turning small amounts into millions during the recent GameStop investment surge may have left you with a feeling of envy. If you could have only gotten in on the ground floor. Or perhaps you wondered if it wasn’t too late to jump on. Maybe you even bought in […]
The post What if You Fear Missing Out on a Hot Investment? appeared first on The Simple Dollar.
What You Need To Know About FIRE (Financial Independence / Retire Early)
Does the idea of retiring in your 30s with a million dollars in the bank sound appealing? You then have a lot of prime years in your life to spend however you like, without the need to work for money. This bold financial move is the idea behind the FIRE movement. Short for Financial Independence […]
The post What You Need To Know About FIRE (Financial Independence / Retire Early) appeared first on The Simple Dollar.
How To Minimize Clothes Costs, Maximize Their Use
Olof Hoverfält spent three years tracking every article of clothing he wore, and at the end of the day, he came to a number of interesting conclusions about buying and wearing clothes. It turns out that the things he noticed are actually very much in line with frugal best practices for clothes buying and wearing. […]
The post How To Minimize Clothes Costs, Maximize Their Use appeared first on The Simple Dollar.
What To Do When Home Maintenance Costs Start To Pile Up
When Sarah and I bought our first home, the previous owners left it in pretty good shape. The appliances were relatively new and the home had been well-maintained during the time that the previous owners lived there, and they had taken a bunch of steps to make the home ready to sell. As first-time homeowners, […]
The post What To Do When Home Maintenance Costs Start To Pile Up appeared first on The Simple Dollar.
Renters Insurance vs. Condo Insurance
Whether you own your condo or you rent, condo owners insurance or a condo rental insurance policy is a must. Experience a cold snap and the pipes burst? Don’t count on your landlord to spring for your new Alienware laptop or to replace that sheepskin rug Mom gave you. We’ll walk you through the difference […]
The post Renters Insurance vs. Condo Insurance appeared first on The Simple Dollar.
3 Questions About Compound Interest — Answered
Compound interest is an incredibly powerful force. It allows your money to start growing on its own, with the returns exploding in value over time, if you have the patience. While the idea is easy to understand, the actual application of it can be tricky. Does it make a difference if money is compounded monthly […]
The post 3 Questions About Compound Interest — Answered appeared first on The Simple Dollar.
Do You Really Need a Financial Adviser?
If you find yourself in a situation where you need financial help, it may be tempting to simply look for a financial adviser in your area and turn the problem over to them. However, before you jump on that option, you should ask yourself an important question: Do I really need a financial adviser? Let’s […]
The post Do You Really Need a Financial Adviser? appeared first on The Simple Dollar.
What are the different types of renters insurance?
Renters insurance protects individuals against common losses and liabilities they face when renting a home or apartment. A standard policy offers three types of renters insurance coverage, each for different situations. Although renters insurance is not legally required, it’s beneficial for anyone who rents. Having a renters insurance policy covers your legal and financial responsibility […]
The post What are the different types of renters insurance? appeared first on The Simple Dollar.
Key Steps in the Mortgage Underwriting Process
You did it. After shopping for weeks or even months, you found the one. The house that checks all your boxes and then some. Now that the fun part is over, it’s time to handle the not-so-enjoyable part, the process to get approved for a mortgage loan. Without a mortgage, you can’t purchase your dream […]
The post Key Steps in the Mortgage Underwriting Process appeared first on The Simple Dollar.
Facebook
Become a fan
Twitter
Follow us
RSS
Subscribe