Smart Money


Life Insurance is a Necessary Expense in Your Budget

Let’s discuss a topic that most people do not think about often enough.  Life insurance is something you should be thinking about as soon as there is someone else in your life who would be affected financially by your death. It is absolutely a necessary expense in your budget. It is always better to be protected to lessen the financial burden that death may cause for your family. While usually I am advocating for ways you should be saving money, this is an instance where I am recommending that you spend money in order to protect yourself financially in the […]


Best Practices for Managing Student Debt

This is a guest post from Drew Cloud over at The Student Loan Report. For millions of Americans, borrowing from federal or private student loan providers is a necessary component of attending a college or university to earn a degree. Nearly 70% of all graduates leave school with a student loan burden, averaging more than $35,000 per individual. In 2016, the Federal Reserve Board reported more than 19% of borrowers owe $50,000 or more in student debt – a financial obligation that represents more than a car purchase or a down payment on a home. Given that the student loan […]


How I Am Paying off $38,350 in Student Loan Debt

This is a guest post by David over at millenialpersonalfinance.com.   It is no surprise that student loan debt controls the lives of many borrowers. In fact, many of the borrowers who did take out a student loan did not fully understand the position it would put them in when they graduate. I know I did not, but I still have to pay the amount back. I have decided that I do NOT want to be making student loan payments for the rest of my life, so I will be paying down my student loan debt aggressively. Yes, this does sound […]


Five Reasons You Need Renters Insurance

5 Reasons You Need Renters Insurance Most of the time I am looking for ways to SAVE money, but this is something that I strongly believe you should SPEND money on.  If you are renting your home, it is critical that you have renters insurance.  In 2015, only 40 percent of renters had renters insurance, compared to 95 percent of homeowners.  To me this indicates that when someone is “just a renter” they do not feel it is important to have insurance for their belongings.  Or maybe they assume they are covered by their landlord?  Do you have heath and auto […]


3 Lessons Learned as a New Homeowner

3 Lessons Learned as a New Homeowner After almost two years as a new homeowner I have come up with a short list of lessons learned from experiences in the past 6 months or so.  We were very lucky in that during the first year of homeownership we had no major problems or house-related expenses – this was especially good since I was pregnant and would not have been as happy to deal with crazy issues!  Going into the closing of our house we were aware that there were some big expenses that we would have to deal with in […]