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Miranda Marquit

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Many of us have a goal to pay down debt and to increase the amount of money that we save. The only issue that seems to get in the way is a lack of resources. What happens is you don’t feel like you have enough money to pay down your debt faster or improve your savings rate? When it comes right down to it, there is only so much cutting you can do. There are…

One of the questions we sometimes have to ask ourselves is this: Is it sometimes worth it to pay a little more? The issue of the Netflix price increase has me thinking about when it might be worth your while to pay a little extra. For instance, if the Netflix price increase will allow the company to expand its streamed offerings, then I think that the higher price is well worth it. There are other…

Because food is a necessity for life, you will always be required to purchase it. This can be discouraging as food prices rise, and as you try to keep your costs down. If you have an already tight budget, rising food prices can present an especial challenge. Here are 3 tips for saving money on food: 1. Grow Your Own One of the easiest ways to save money on food is to grow your own.…

One of the biggest challenges that many people have is setting money aside in some sort of savings account. Getting motivated to save your money can be difficult — especially if you think that you don’t have enough income to set some of it aside. As you consider your financial situation, it is a good idea to make saving money a priority. Ideas for Starting a Savings Habit If you are having trouble developing a…

When choosing life insurance, many of us are tempted to purchase a huge amount of coverage. But if you are an average person, with an average income, do you really need $2 million in life insurance coverage? I know that some insurance agents would love for me to have even $1 million in coverage, but I don’t think that my family needs it, and I can think of other things I’d rather do with the…

One of the most common financial goals that many people have is paying down debt. Finding the money to pay down debt can be difficult, though. In order to be more effective as part of a debt pay down plan, you need to make some changes in the way you handle money. This way, you will be able to pay down your debt faster: Move Debt Up the Priority List The first thing you need…

One of the realities of life is that college costs more and more. The rise of student loans to pay for college has made college “affordable” for more people, and has facilitated an education bubble that allows the cost of tuition to keep rising. While you may need some student loans to help supplement an education, it can help to start saving money for college to reduce how much you end up borrowing. If you…

As you look for a home, shopping around and getting documents together for pre-approval, it is easy to lose sight of some of the costs involved with home ownership. There are costs associated with getting the mortgage, and then there are on-going costs that you have to be prepared to pay. While you are looking at how much home you can afford, and wondering if you are adhering to the 30% rule, don’t forget about…

Many of us don’t think much about the “silent” things that erode our wealth. Most of us tend to think about our spending habits when we are considering what has an impact on wealth erosion. However, it is important that you consider inflation, taxes and fees when you make plans for the future. Fees One of the most obvious ways that wealth is eroded is through fees. However, you might not always be aware of…

One of the items that has been in the financial news a lot lately is the effort to come to an agreement on caps to swipe fees on debit cards. While originally proposed at 12 cents, the new swipe fee announcement puts the fee at a base rate of 21 cents, with the ability to tack on a little extra for fraud protection. These new rules could already be heralding the end of free checking…

When you are ready to buy a home, you need to figure out how much you can borrow. Many sellers like to see that you have already been considered by a lender, and that you have been approved for an amount that will allow you to buy the home. Part of the process to qualify for a mortgage can include a pre-qualification or a pre-approval. Both of these actions can help you when it comes…

Credit cards are often viewed as evil, as though they have lives of their own, and inherent personalities. However, credit cards are not sentient, and they are not evil. Like many tools — financial and otherwise — it’s all about how you use them. There are certainly pitfalls associated with credit cards, and it’s true that issuers and others in the credit card industry make it easy for you to rack up the debt, but…

One of the hardest things about budgeting is sticking to your plan. You have high ideals, preparing to live on a budget and keep your expenses down. But, after a while, you start to get tired of always having to pinch your pennies and keep track of everything. Soon enough, you are no longer following your budget. And you vow once more to get on track and stick to a budget. Before you make another…

One of the the things I’ve learned about personal finances is that there is a big difference between what you can do and what you should do. When my husband and I were shopping for a home, we were approved for more than twice what we ended up paying for our mortgage. According to the mortgage lender, our credit situation, and our income, qualified us for a home — and a loan — twice as…

Insurance is important if you want to properly protect your assets. However, there are a number of insurance policies vying for your attention. Before you get an insurance policy, make sure it’s something that you need, and that will truly benefit you. Here are some of the insurance policies that you should have: Health Insurance Health insurance is a necessity if you want to protect yourself from catastrophic problems. Even though health insurance can be…

It can be tempting, when creating a debt pay down plan, to start with the lowest balance first. This is because you tend to get an emotional boost when you pay off the debt. It can help you keep going. But, if you are looking at matters as they relate to saving money as you pay off your debt, you should consider starting with highest interest rate debt first. In some cases, your highest interest…

One of the products that has been pushed recently is the IRA CD. Many banks and credit unions have begun offering products labeled “IRA CD.” In some cases, an IRA CD can be a good deal. But it is important to remember that an IRA CD works like any other CD, and you should also realize that you can hold any CD in an IRA — it doesn’t have to be something specifically marketed as…

One of the things that has struck me as some gear up for what some believe will be the Rapture tomorrow, is that we really do want our assets cared for after we are gone. It’s why we get involved in estate planning. We write wills and form trusts in an effort to make sure that those we leave behind are cared for. As I’ve read stories of post-rapture services — especially pet care –…