I recently received a message from a reader wondering what she should do with her extra income. Should she put the extra into retirement or towards paying off her house early? She was having a disagreement with a family member and wanted to hear my take on the issue. Well, here it is:
If you’re reading this, you’re probably a licensed minister who has opted out of Social Security. I’ll bet you were thrilled at the opportunity to opt out of a system that is facing a perilous future and is quickly depleting its reserves. But was it really the right move for you? And are you maintaining your integrity by doing so?
Summer is just around the corner, and for many of us, that means vacations! Vacations by nature tend to be a time of indulgence, and it’s all too easy to let it go too far. A 2015 study found that 49% of vacationers accumulated credit card debt when traveling and 68% go over budget.
Your vacation memories won’t be as sweet if you’re still paying the bill four months later. Are the stress and money fights really worth several days of irresponsibility? I don’t think so. But I do want you to have a fun vacation. Here are a few ways you can have a great vacation without sabotaging your finances:
All of my money that I am saving for the distant future is invested in mutual funds. It shouldn’t come as any surprise, then, that I think they’re awesome. I think that they are the best way for normal, everyday people like you and me to invest for the future.
Summer camp is a priceless experience for teenagers, but sometimes it can get pretty pricey. Here are 7 summer jobs that will allow your teen to pay their own way to camp this year. You may just want to try some of the out yourself.
It can be so frustrating watching other people make mistakes when you know better. In this post I go through several mistakes that I have personally witnessed in hopes that it will help you avoid them and their ugly consequences.