Articles to help you with all your financial plans, from planning your insurance coverages to your retirement to your estate.
Managing your finances is a complicated endeavor with many independently moving parts. You may have children to support, day to day bills to cover, debts to pay off, and retirement to plan. Throwing even more into the mix, you may come to a point where…
The growing cost of college for our children can be downright overwhelming. Many parents are still paying off their own student loan debt. So thinking about the best ways to save for their kids’ college often gets delayed. College costs in the US have steeply…
According to the Kaiser Family Foundation, $3.8 billion in retail prescription drugs were filled at pharmacies in the United States in 2019. If you’re generally healthy, have good insurance, and only need to fill a prescription a few times a year (or less), you may…
If you contribute to a 401(k) plan through your employer, it could be one of your most substantial assets besides your home. And if money is tight and your savings account balance is running low, you might wonder how you can tap the funds in…
Saving for retirement is critically important and should be a part of everyone’s financial picture. But what can you do if you are already maxing out your employer-sponsored retirement plan? Left behind an old 401(k) when you changed jobs? Or just don’t have access to…
If your employer offers a retirement savings plan, chances are one of your investment options is a target-date fund. They may be grouped under a heading such as “Do the Investing for Me”, “Balanced”, or “Asset Allocation”. You’ll recognize them because they have a year…
An unfair truth of life: if you lost the DNA vision lottery and need corrective lenses, not only do you have to deal with the hassle of eye exams, glasses, or contacts, you have to pay for it, too. We at Women Who Money understand…
If you drive an older vehicle, you’ve probably wondered what insurance you really need and how you can save money on it. You don’t want to spend more than you need to when insuring an older car. At the same time, you want to make…
You finally decided to start freelancing or start your own business. You know there’s a lot to consider when launching your gig. You’ve already chosen the right business structure, registered your business, opened a bank account and obtained a designated credit card for your business,…
You had an emergency appendectomy. You’re recuperating from a terrible case of the flu. Your child was stung by a bee causing a severe allergic reaction. Your spouse was hit by a car while cycling. There are many reasons why you or a family member…
Work. Even though we know we have to work until we are financially independent, many of us have a love-hate relationship with it. We love the money we earn, but we aren’t always thrilled with our jobs or how much of our lives revolve around…
When hearing the mention of the word prenup, most people express serious reservations about getting one. Common arguments against them include: “A prenup is for people who can’t, or won’t commit.” “It’s like rooting against your marriage.” [playht_player width=”100%” height=”175″ voice=”en-US_LisaV3Voice”] While it’s true not…
It’s no surprise people are looking at alternatives to traditional four-year undergraduate degree programs. One popular option is graduating from college in three years to avoid the significant costs of a fourth year. According to the College Board, average public in-state tuition runs about $10,000…
If you’ve not yet created a will, it’s probably because you aren’t wanting to think about death. Or perhaps you’re procrastinating or don’t think you need one. Unless you have no assets, possessions, or children, or you don’t care what happens with everything you own…
Personal Capital is high on our list of must-have tools for managing your finances. Whether you DIY your financial planning and utilize a robo advisor, or seek portfolio management from a firm with financial advisory services, PC has something (or many things!) for you. This…
Whether you’ve just started a new job or you’ve been with the same company for years, it’s critical for you to understand your retirement plan benefits. Knowing the fundamentals of your 401k savings plan will enable you to make wise choices about saving and investing…
Once you’ve decided renting is the best decision for you, and after you’ve paid a security deposit and the first month’s rent – along with all of the other costs related to moving – you might question if you need renters insurance. Though the numbers…
Stay at home parents and spouses who have little-earned income can fall behind when it comes to saving for retirement. But, for those who are married and file a joint tax return, a spousal IRA may be well worth your investment consideration. Although there are…
You work hard to ensure you’re covering all your financial bases. Homeowner insurance – check. Car insurance – check. Health insurance – check. And now someone is telling you your umbrella has to be insured? Despite the odd name, umbrella insurance covers more than the…
While it’s sometimes thought that trusts are only for the wealthy, a living trust can be useful and serve as a practical tool for the rest of us, too. But what is a living trust? And how do you know if you need a living…
Insurance is one of those bills you pay that can seem like a waste. Until you need it! If you have a car, you probably have auto insurance, as most states require it. But do you know what your car insurance covers? Do you understand…
We get it. Life insurance is not a fun topic. The thought of it might make your eyelids heavy or evoke a bit of panic, but it’s a necessary component of a fiscally sound household. Think you don’t need it because you’re young and single?…
You know you should be stashing money away on a regular basis, but anyone who’s working for themselves knows earnings can vary drastically month to month. Also, you’re not sure what the best retirement plans for self-employed individuals are. So, what’s a busy entrepreneur with…
You just got the call you’ve been waiting for, and they offered you the job! Before you rush to accept, it’s essential to know what you and your prospective employer agree to. You may have discussed the salary range and bonus opportunities available in the…
Getting really sick or hurt while uninsured is a concern for millions of people. Delaying treatment because of the fear of not being able to pay for medical care is a genuine concern. Going without health insurance coverage (even for a short period of time)…
Own a car and you probably insure it because you know it’s important. It’s so important most states require it by law. A 2016 Insurance Information Institute poll found 95 percent of homeowners held insurance and 41% of renters carried insurance too. We understand how…