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15 Best Personal Finance Blogs and Podcasts

Every year, the Plutus Awards recognizes and honors the greatest personal finance blogs, podcasts and content creators in a variety of financial niches. These finalists were voted on by other financial bloggers, so you know they are top of the line. Consider adding these blogs and podcasts to your regular rotation. Each shares high quality, fun ways learn more about mastering your money. Well Kept Wallet Deacon Hayes is behind the blog of the year winner, Well Kept Wallet. The multi-author blog features resources on a wide range of topics to help people better manage their money, get out of debt and maybe even retire early. The Well Kept Wallet even addressed the importance of life insurance in the post, “Do You Really Need Life Insurance?”   Stacking Benjamins Joe Saul-Sehy hosts Stacking Benjamins, the podcast of the year winner. It tackles financial news and advice recorded “live in Joe’s…

Want Lower Car Insurance Premiums? Choose Your Car Carefully

Trying to crack the code on everything auto insurance companies look at when deciding what your premium will be is a little like trying beat search engine algorithms. Something you won’t be able to conquer over a weekend, that’s for sure. The good news, however, if you don’t need to consult a secret playbook to get a good rate. There are some things you can watch out for while shopping for a car that can help keep those premiums manageable. Here are the most important: Safety Safety ratings aren’t necessarily top-of-mind while car shopping, so you have to make sure to stay aware of them while you’re being dazzled on the showroom floor or overwhelmed by the selection of a lot. After you’ve stared longingly at the car of your dreams, do your research and check out the safety test ratings. The National Highway Traffic Safety Administration is a great…

Planning Ahead to Make Your Retirement Years Golden

What will your golden years look like? For many people, visions of cruises, beaches, golf courses and grandchildren fill their minds. People are much less likely to imagine the kind of long-term care that is necessary for many aging adults. While it may not be the blissful daydream of our imaginations, preparing for the possibility of long-term care is an important way to make the most of the golden years. Who Needs It Much like wills and life insurance, long-term care isn’t something that people enjoy thinking about. However, whether it is a parent, a spouse, a loved one, or even yourself, there is no denying long-term care is a reality that the majority of adults will have to confront at some point. Estimates from a 2005 study indicate that 69 percent of adults over the age of 65 will need at least one year of long-term care. That’s not…

What You Need to Know About Buying Life Insurance for Grandkids

Becoming a grandparent is an experience like no other. Grandparents are often eager to shower the newest apple of their eye with gifts. More than toys and clothes, grandparents can choose to gift whole life insurance to their grandchildren. It is the gift offering peace of mind and financial benefits throughout the child’s life. What Is Whole Life Insurance? Whole life insurance is a type of permanent life insurance that protects the individual for his or her entire life. As long as the premiums are paid, coverage continues. While the coverage amounts and premiums for whole life insurance can vary based on the insurer, all whole life insurance policies allow a savings amount to accumulate over time. The Rules for Grandparents As extended caregivers, grandparents are eligible to purchase whole life insurance for their grandchildren. The insurance can be purchased in the child’s name, which means when the child reaches…

Money Can’t Buy Happiness … Right?

Money can’t buy you happiness. It’s an adage reminding us the important things in life aren’t things. And it’s often repeated in times of financial stress or upheaval. But it’s only true to a point. A 2010 Princeton study by Angus Deaton and Daniel Kahneman found money can buy life satisfaction, for a while. They found emotional well-being increased along with salary until about $75,000 annually. At that point – after necessities like food, clothing, shelter and transportation were no longer everyday stressors – emotional well-being didn’t continue to climb. The upper middle class have as many problems as the uber-rich, stemming from relationships, time management, health and other universal factors. For people looking back on their lives in retirement, those who earned more money reported being more satisfied with their lives, without limit. “We conclude that high income buys life satisfaction but not happiness, and that low income is…

Throwing a Thanksgiving or Friendsgiving Without Breaking the Bank

The holidays are a time for family, friends and feasts. Time spent together is the most important part of gathering together during the holiday season, but most people admit these gatherings wouldn’t be the same without the food – turkey, pumpkin pie, ham, mulled wine, rum balls and sugar cookies. But somewhere along the way (can we blame Instagram and Pinterest?), you may feel every holiday meal should look like it belongs in a magazine. Free-range turkeys dressed in epicurean herbs, 12 organic sides and elaborately crafted baked goods are delicious, but they’re a lot of work and frankly, they’re expensive. When you’re gearing up for arguably the most expensive months of the year, it’s not always wise – or possible – to empty your bank account for one meal. Thankfully, it’s also not necessary. It’s still possible to do a big, traditional Thanksgiving dinner on a budget. It’s All…

What You Need to Know Before Renting Your Home on Airbnb

As of early 2017, more than 150 million people have used Airbnb, the world’s most popular online marketplace for short-term lodging. Globally, that translates into more than 500,000 stays every night. Still, the market isn’t saturated, especially in certain areas. If you want to become an Airbnb host, the platform – and its massive base of enthusiastic users – makes it easy. Still, there are some things to consider before making your property available to rent on Airbnb: Consider When, How and How Often You Want to Rent Depending on your personality, level of commitment and financial expectations, you can approach hosting in a variety of ways. If you have a spare room, you can rent it out while you’re home. Maybe you travel often for work or regularly stay with a significant other, you can rent out your entire space and stay elsewhere. And if you live in a…

6 Steps to a Financially Happier Holiday Season

A trip to any supermarket or department store quickly reminds you the holiday season is near. Despite still snacking on pumpkin seeds and Halloween candy, it’s still not too late to make a holiday spending plan. Investing a few hours now to craft a plan can save you time and money to help you survive the most wonderful time of the year. Here are six steps so all the spreading of holiday cheer won’t cause you financial stress in the new year. Make a Holiday Spending Map Look carefully at your budget and decide how much you can really afford to spend this holiday season. Then create a spending map that includes all of your holiday spending categories. Keep in mind the money you’ve budgeted has to pay for more than just gifts. Don’t forget things like decorations, travel expenses, tips and extra charitable giving. Although some of these expenses…

Stacking Life Insurance Policies With a Ladder Strategy to Save You up to 49%

Stack Life Insurance Policies Could Save You Up to 49%1 The Ladder Strategy: Precise Tailoring of Multiple Policies to Maximize Coverage When You Need it Most Term Life Insurance is a necessary purchase to ensure your family is protected in the event of a sudden loss of income. You know that already. But as you progress through your career, as your savings increase, your children grow and you reach retirement, your need for life insurance coverage may decrease. Stacking life insurance can help save you real money. The Life Insurance Ladder Strategy; The Right Amount of Protection for Now and Later. The Ladder Strategy allows you to stack multiple life insurance policies with level premium periods that expire at different times. Rather than purchasing a single large term life insurance policy, you buy multiple smaller policies with different level term lengths. This gives you the most coverage when you need it…

Thinking About Your Monthly Cash Flow Like a Business

If you were a business, would you be a profitable one? At the end of each month, do you earn more than you spend? Is your enterprise profitable? While individuals like us go to work and earn an income each month, few of us look at our finances like a business. However, just like a business, we need to earn more than we spend each month and regularly assess our finances to know we are on the right track. Follow these steps to start treating your finances like a business and establish a path to financial success. The Business of You Before getting into the tactical aspects of managing your money like a business, the first step is to get into the mindset of running your finances like a business. This means a mental shift in how you think about and interact with your money. Businesses use accounting software to…

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