Image via Wikipedia Seeing your children grow up is one of lifes most wonderful things - but as they get bigger, so do their health care costs. From broken bones to child psychologists, there are a lot of medical professionals that your child might need while growing up, and the costs can quickly mount into the thousands - having to find money while your child is sick makes a stressful event even worse. Budgeting for growing health costs can help you to avoid this, and make you confident that should your child get sick, you are fully covered. Make a household budget. List all your … [Read more...]
Your Tenants and You
Every real estate tycoon has at some point wondered about their tenants, and what could have inspired their financial habits. After all, with your tenants being your sole customers, their cash flow situation will quickly become yours as well. If they are finding it hard to pay the heating bill, they are also going to find it hard to pay their rent on time. This is just the nature of the beast. There is a sort of mental triage that takes place when there is only so much cash to go around. And since that is the way most renters live, this is what you have to deal with on a regular … [Read more...]
About That Clunker in the Garage…
Owning a second car can be expensive. Sure, you might get a bit of a discount on the insurance if you insure both cars with the same provider, but you still have to pay more than if you just had one car. You also need to pay for gas, maintenance, repairs and air freshener trees. That's a lot of money. Is the cost justified? Could you get by with one car? Is there anything more worthwhile that the car could be used for other than eating money and occasional runs to the store? Yes. In fact, there is a much more worthwhile use for it. Kars for Kids gives you a $500 tax write-off for your car, … [Read more...]