How Big of a Down Payment Do You Need to Buy a Home?

One important decision when buying a home is how big of a down payment you should make. We look at the required down payment for several different types of mortgages, as well as the average down payment on a house. When we bought our first home back in 1993, we did so with a down […]

Is Travel Insurance Worth Buying? Here’s How to Decide

Travel insurance is a type of personal coverage used to protect oddball travel expenses. It covers things like medical bills if you’re sick or injured on your trip. Some policies will also pay back deposits you’ll lose on airfare or hotel accommodations, if you’re forced to cancel your trip. This all sounds great but, of […]

7 Timely Money Tips If You Become Unemployed

The unemployment rate has fallen dramatically in the past few years. But the memory of the latest financial crisis still lingers. It’s wise to recognize that there’s no such thing as true job security. You could find yourself unemployed after being gainfully employed for years. After the shock settles in, you need to accept that […]

72 Free Savings Tools That Will Put Extra Money in Your Pocket

What’s better, to save $100 or to make $100? The hands down winner is to save $100. Why? Because if you make $100, you have to pay Uncle Sam a big chunk of it. However, reducing your expenses by a Benji — as my daughter likes to call the C-Note — is more akin to […]

The Best Way to Invest a Lump Sum of Money

I’ve always been suspicious of dollar-cost averaging, or DCA as it’s called. It just doesn’t seem like the wisest decision. I’ve always preferred lump sum investing. Dollar-Cost Averaging vs. Lump Sum Investing With DCA, rather than investing your cash all at once, you invest chunks of it over time. For example, you might invest $12,000 […]

3 Easy Ways To Put Your Money to Work Right Now

One thing I’ve learned as a parent is that “idle hands are the devil’s workshop.” Keep children busy and you keep them out of trouble. The same is true with money. Cash sitting in your checking account is just begging you to spend it mindlessly. The longer it sits there, the more likely you are […]