I attended Fincon (Financial Bloggers Conference) again this year. What is Fincon? Fincon is the Financial Bloggers Conference and it’s “Where Money & Media Meet”. This is my 2nd year attending and I enjoyed the opportunity to learn more to expand my business, engage in opportunities to collaborate with others, and meet your social media friends in person.
In honor of Life Insurance Awareness month I wanted to bring you additional options for covering funeral costs outside of Life Insurance.
So just to be clear I believe that life insurance is important to help cover funeral cost (if the funds will not be accessible when you pass but it is also important to have so your family’s (children, spouse or anyone you financially support) will be able to keep the same quality of life after you pass away.
I have had people tell me that they will always be in debt so they are going to keep making monthly payments forever.
Well, that is not true, there are plenty of stories showing people who have paid off large amounts of debt.
I created a YouTube playlist of motivational debt free stories, click here to check it out.
I mention in a previous post that I budget by paycheck. I started doing this around 2005, after creating a monthly budget for a while and not feeling like I had a good handle on it (because I was busting my budget).
Lately, I have been asked a lot about how to increase credit score to get a mortgage. Last week. I talked about how your credit score is calculated. This week we will focus on activities that will help raise your score. Before we get into the details I really want you to understand that your credit score report is not the same as your friend's score and report.
Every year, in December, I cash in all the loose change I saved for the year, at the Coinstar Machine and it is usually between $60 - $100. I probably would have more if I would completely commit to saving my change (if it is still in my wallet I may use it on purchases). I will challenge myself to save all of my loose change for the month in January and see what happens.
In the beginning the motivation to pay off your debt is high and you are excite to achieve financial freedom but there are a few reasons that you may loose your enthusiasm. One could be the time period it takes for you to reach your goal or it could be frustration from unexpected expenses that throw you off of your plan during the payoff process. We are going to talk about the latter.
Wealth building comes in different forms and through consistent work. There are steps you can take to put yourself on the path to building wealth early in life without a lot of money. One way is by building up your cash reserves aka your savings. There are additional wealth building opportunities that you need to participate in, such as, increasing your streams of income and investing but we are going to focus on building up your savings first so you will have the money to invest in those opportunities when you are ready.
Life Insurance Awareness month was in September but I want to bring it up again because I know of at least three people who passed away unexpectedly in the last few weeks. I know you have seen the Go FundMe Facebook posts asking for assistance with funeral costs. Every time I see one it bothers me, for many reasons but mostly because we need to be better informed of life insurance options, the benefits and how it can help your family pay for burial expenses and continue their standard of living after you pass away.
