THE BENEFITS OF exercise are numerous: It improves your physical condition, boosts your self-confidence, reduces your long-term health care costs and improves your thinking. For many, however, the routine of going to the gym for exercise is an expensive one. The cost of gym membership at even the most inexpensive gyms adds up to hundreds of dollars per […]
Category: Personal Finance
Are You Guilty of These Bad Money Habits?
DO YOU KEEP TELLING yourself, “I’ll figure it out later”? Do you constantly make little purchases, telling yourself they don’t count? These are just a few examples of common – and risky – behaviors that can damage your financial health. Nearly everyone has bad habits when it comes to their money. But the key to managing your […]
When Is a Cash-Out Refinance Loan a Good Idea?
In a cash-out refinance mortgage, you take a loan against your home in excess of what you owe, leaving you with cash available to spend. Adding to the debt against your home could be a smart move if the cash is used for the right purpose. Using it for the wrong purpose, however, could lead […]
Is a rent-to-own home right for you?
Spend an afternoon poring over online apartment listings, and you’ll see them: flashy ads urging you to “rent to own” a home instead of just renting. The pictures look normal. The prices seem reasonable. But are rent-to-own houses legit? Yes — but there are aspects of these deals that buyers need to be alert to, […]
The Best Places To Go this Year
Whether you dream of escaping to a far-flung beach, adventuring up a mountain, wandering a new city’s streets, discovering ancient ruins, or simply relaxing lakeside, MONEY’s Best in Travel guide can help you make it happen. For the third year, MONEY has found destinations both in the U.S. and internationally that deliver the highest value […]
This is why homeowners may need flood insurance
Floods are the nation’s most common and costly natural disaster. Yet, standard homeowners and renters insurance policies specifically don’t cover that. “Your homeowners policy will cover water damage if water came from above,” said Jason Hargraves, managing editor of insuranceQuotes.com. “If your house is damaged from water that comes from the ground up, you’ll need flood […]
They may share love, but many couples don’t share money
Some couples share everything, from homes, to clothes to pets. But there’s one thing many don’t mingle: finances. In fact, one-in-five people keep and manage their money separately from their partners, according to a new Policygenius survey. An even greater percentage (24%) don’t share any major financial accounts, including a checking, savings, credit card or […]
The top reason people start a side business may not be what you think
More money. That’s the plain and simple truth about starting a side business. About 57 million Americans have a side hustle, according to The Hartford. The insurance company conducted an online survey of 4,135 U.S. adults in May – 1,033 of whom said they have a side business. More than half of these part-time business-owners work […]
Married men earn more than everyone else (including single men)
Married men sit on the top of the wage ladder. The wages of married men far surpass those of all of those groups. They exceed $80,000 per year by their peak earning years, while all the other groups barely graze $50,000 per year, according to data from the University of Minnesota and IPUMS-USA, a database […]
Why your airline seat may shrink even more under new regulations
The Federal Aviation Administration is about to set rules regarding how small airplane seats are allowed to be, but it may not be good news for consumers. A bill released over the weekend includes a provision directing the FAA to set minimums for leg room and the width and length of commercial airline seats. The […]
Why some people should have 2 or more life insurance policies
You need life insurance if your death would hurt anyone financially. For many people, one policy is enough. But for some, two or more make sense. Your needs should drive the number and type of policies you buy. How many can you buy? You can own multiple policies from different companies. But when you apply, […]
The smart way to use credit cards for wedding expenses
With the cost of weddings skyrocketing, couples are turning to alternative methods to pay for their big day. Nearly three-quarters of couples planned to take on debt for their nuptials, according to a Student Loan Hero survey, and 61% said they planned to use credit cards to cover some of their expenses. Using a credit […]