Weekly roundup of recommended personal finance articles from around the web. Living life in the slow lane (This Evergreen Home). This one isn’t directly about money (or is it?), but I think you’ll like it anyway! The best HSA providers of 2022 (Morningstar). I’m a big fan of health savings accounts. Here’s how the various […]
Archive | Insurance
If You’re Single or Don’t Have Kids, Do You Need Life Insurance?
The prudent see danger and take refuge, but the simple keep going and pay the penalty. – Proverbs 22:3 About 37 million U.S. households have no life insurance, according to industry trade group LIMRA. For many, the cost of coverage stands in the way. But there may be some, such as singles and married couples […]
Shoring Up Your Walls of Protection
A prudent person foresees danger and takes precautions. The simpleton goes blindly on and suffers the consequences. – Proverbs 22:3 Flooding in Jackson, Mississippi, and far worse flooding in Pakistan. A forest fire raging near Los Angeles. It seems as though there’s always some natural disaster happening somewhere. I still get a feeling of dread […]
Profitable Ideas: Raising Savers, Storm-Prepping Your Biggest Investment, and More
Weekly roundup of recommended personal finance articles from around the web. How to talk to your kids about saving (The Everyday Advisor). First, figure out if you’re dealing with a natural saver or a natural spender. Three things that stop us talking about money worries (The Evidence-Based Investor). Maybe we just need to make the […]
Are You Financially Healthy? Rate Yourself Using These 9 Qualifications
In 2016, a study published in Mayo Clinic Proceedings quantified how many Americans have a healthy lifestyle. Can you guess what number it came up with? Less than three percent! In order to qualify, a person had to meet four criteria: Moderate to vigorous exercise for at least 150 minutes per week, a diet score […]
Profitable Ideas: Whether Fortune Favors the Brave, Leaving Money to the Kids, and More
Weekly roundup of recommended personal finance articles from around the web. Here’s how much money you would have lost if you bought crypto during Matt Damon’s “fortune favors the brave” commercial (MarketWatch). Beware celebs pitching investment ideas. See also, Coinbase loses half its value in a week as crypto slumps (USA TODAY). How to teach […]
Profitable Ideas: Money as a Hobby, Happiness Habits, and More
Weekly roundup of recommended personal finance articles from around the web. The internet turned “money” into a hobby (Vox). Call me a spoilsport, but for a lot of people this will not end well. How Robinhood’s psych experiment backfired horribly (Wired). It was the stock trading platform of the pandemic, but “…unleashing the ‘move fast […]
Profitable Ideas: The Market as Terrordome, More Costly Than a Fender Bender, and More
Weekly roundup of recommended personal finance articles from around the web. Welcome to the terrordome (A Teachable Moment). If the stock market has you worried, it may be best to face your fears head-on. A single traffic violation can cost you hundreds of dollars in car insurance (CNBC). The only thing that’ll hike your rates […]
Profitable Ideas: Money Lessons From a 500-Year-Old Saint, Investing Has Been Forever Changed, and More
Weekly roundup of worth-your-time personal finance articles from around the web. What a 500-year-old saint taught me about money (Incognito Money Scribe). The “financial examen” — a wonderful idea for cultivating a more thoughtful, intentional financial life. The value of a college degree (Get Rich Slowly). “A student’s choice of program is perhaps the most […]
How Much Life Insurance Do You Need?
In a previous post, I provided some guidance as to who needs life insurance. If you determine that you need it, the next question is, “how much?” You’ll hear about various guidelines for answering that question, usually based on multiples of your salary. Some say you should carry life insurance with a death benefit equal […]