Money & Assets

(FinancialHealth.net) - A commonly misunderstood aspect of many homeowner policies is coverage from water damage or flooding. While most standard policies offer limited coverage for water damage, none cover flooding. Here’s what you need to know: Water damage is only covered when it can be defined as “sudden and accidental.” A homeowner policy may cover the damage caused by a...

(FinancialHealth.net) - There are two certainties in life: death and taxes; and in most cases, one leads to another by way of probate and estate taxes. One method for ensuring your loved ones are taken care of financially, regardless of probate, is purchasing a life insurance policy. Planning for Probate Doing what you can to avoid probate, or the validation of...

(FinancialHealth.net) - You’re richer than you think! If you’re glancing down at your wallet right now scoffing at what you just read, you’re not alone. All too often we consider money – either in cash form or digital form – to be the only true “asset” we have; that’s simply not true. Hidden in the darkest recesses of your...

(FinancialHealth.net) - Cable used to be fairly priced. While never truly cheap, it was something most American households could budget for and enjoy without too much effort. These days, it’s a heck of a lot different. Thanks to crackdowns on the industry and an ever-expanding list of competitors offering access to online streaming services, prices are constantly on the...

(FinancialHealth.net) - If you're one that struggles to understand withholding taxes or how they impact your paycheck and your end-of-year filing, rest assured you're not alone. Taxes are one of just two certainties in life and the subject can be confusing for many people. Like most laws, those involving taxes are subject to change, sometimes multiple times throughout a calendar...

(FinancialHealth.net) - Your friend is laid off from a job they expected to work for the rest of their lives. Your adult child needs urgent dental work they can’t afford. A neighbor’s dog is struck by a vehicle and needs urgent surgery. Your niece needs $10,000 to buy her first home. No matter who is asking, or what they’re...

(FinancialHealth.net) - There’s an old adage that says the more money you have, the problems come your way. Rapper Notorious B.I.G. summed this up as “Mo Money, Mo Problems,” quipping the phrase when he himself was originally coming into money for the first time. Sadly, Notorious never got to enjoy his money; his life was snuffed out in a shooting...

(FinancialHealth.net)- For some, clothing is an art form and the latest fashions are all they can think about — whether they can afford them or not. The bottom line is that finding a cute, comfortable and functioning high-end wardrobe can get expensive. That’s why so many people turn to pre-worn clothing to get their fix at a fraction of the...

(FinancialHealth.net) - Sticker shock in the checkout line is a common experience. No matter how conservative a shopper might be, the final total can easily add up to more than they want to spend. One solution? Meal planning. Many people do it and it isn’t just about saving money, though that's certainly one added perk. Let's take a look at...

(FinancialHealth.net) - If “time is money,” how do you determine what your time worth? Knowing the answer to that question will give you the tools you need to make a more educated decision about how you spend your time and what you’re willing to trade for it. For example, once you know what your time is worth, you might find...