When to Start Thinking About Life Insurance

Although you may find it difficult to think about purchasing life insurance when you’re young and healthy, you should consider it for two reasons: first, this will likely be the time when a policy is most affordable; and second, this will likely also be the time when your absence can have the greatest financial impact on your family. If you have dependents or provide your family’s sole financial support, a life insurance policy can give you the peace of mind that comes from knowing your loved ones will be taken care of if you’re unable to do so.
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HELOC Vs. Home Equity Loan: Which is Better?

By Lynnette Khalfani-Cox, The Money Coach®

As a homeowner, if you’ve build up equity in your property, and you need to tap that equity for any reason, you may be wondering: which is better—a HELOC or a home equity loan?

Both financial offerings give you a way to convert the equity in your home into usable cash, yet HELOCs and home equity loans differ in key ways.  Continue reading

Avoiding Money Arguments with Your Spouse or Partner

By Lynnette Khalfani-Cox, The Money Coach®

Sometimes, conflict with your significant other may seem inevitable, and that includes argument about finances.

When it comes to money matters, however, frequent financial disputes can be toxic for a relationship. Research shows that couples that argue a lot over money issues have greater levels of unhappiness and are more likely to break up.  

So how can you avoid economic drama and maintain financial peace with your honey? Here are three rules to avoiding money arguments with your spouse or partner.

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Tips to Save for Emergencies and Your Future

If you feel like you could do more to improve your saving and investing habits, or don’t know how to get started, here are some tips that can help. Financial experts agree that there are two important things to focus on: start and contribute regularly to an emergency fund, and contribute at least 10% of your paycheck to a retirement account.

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It’s a Money Thing: Boost Your Retirement Savings

Think back to your most recent savings goal. How long did you have to save in order to reach it? Was it a concert ticket or some new shoes that took a few weeks of budgeting? Was it a big-ticket item like a new computer or a summer vacation that took a year or two of planning in advance? Perhaps you’re currently saving for an even more ambitious goal: a car, a wedding, a down payment on a home? Although savings goals vary from person to person and range in size and scope, it’s likely that your longest-term savings goal will be your retirement.

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