article thumbnail

Why You Should Be Skeptical of Financial “Rules of Thumb”

Prairie Eco-Thrifter

While it’s nice to think that stocks offer 10% annualized returns over 20 years, the reality is that the S&P recently only returned 7.89% over a 20-year period (according to the most recent DALBAR survey). If you are buying a home, start with the 30% rule, and then evaluate where that puts you in terms of finances.

article thumbnail

Progressive Insurance Review 2024 | Bankrate

Savings Corner

To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. Power auto and home customer satisfaction surveys. Here’s an explanation of how we make money.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Don’t Leave Your Children’s Future to a Crowdfunding Site – Life Happens

Savings Corner

And you could be feeling the pressure: Three quarters say they felt overwhelmed with becoming a single parent , and more than a quarter (27%) admit being very overwhelmed, according to Life Happens’ new survey, “ Single Parents and the Financial Future.” Where would the money come from to take care of my children?”

article thumbnail

Carnival of Personal Finance #316- Family Edition

Prairie Eco-Thrifter

Tim from How to Make Bankable Savings discusses Buy Versus Rent: Non-Financial Considerations are Ke y The decision to buy or rent your home involves more than a financial analysis. Tom Drake from Canadian Finance Blog clarifies our Understanding of Term Life Insurance. I must admit I am guilty of this.

article thumbnail

Yakezie Carnival – Credit Cards Edition

Prairie Eco-Thrifter

Life Insurance: 10 myths – Life insurance is one of the most misunderstood financial products that the average citizen encounter. This post discusses the top 10 myths about life insurance. The only investing strategy that makes sense to me is buy and hold. Buy an energy efficient water heater.