• Is Mortgage Life Insurance a Good Idea
    Mortgage

    Is Mortgage Life Insurance a Good Idea? Discussion

    Editor’s Note: As part of a special project on The PerkStreet Blog, we’re offering a free question and answer columns on Saturdays with Customer Columnists Clint and Katy Davis of Davis Coaching. If you have a question you’d like to submit to get advice from these financial coaches, email it to editors@perkstreet.com.   Dear Clint and Katy, My wife and I both work, and we just bought our first house for $160,000. I make $55,000 a year and she makes around $35,000. We’ve been receiving a lot of mortgage life insurance offers in the mail since buying the house. They claim they will pay off the mortgage if either of…

  • Blog

    What if My Emergency Fund is Not Enough? Discussion

    Editor’s Note: As part of a special project on The PerkStreet Blog, we’re offering a free question and answer columns on Saturdays with Customer Columnists Clint and Katy Davis of Davis Coaching. If you have a question you’d like to submit to get advice from these financial coaches, email it to editors@perkstreet.com. I’ve been working to get out of debt for the last 2 years and I’m in the home-stretch. I have an emergency fund of $1000 and have never had to use it. But what if I had an emergency that cost $3000? I understand it is a starter fund, but what if a $3000 expense fell in my lap tomorrow?…

  • Loans,  Personal Finance

    Should I Fund an IRA or Finish Paying Off Loans?

    Editor’s Note: As part of a special project on The PerkStreet Blog, we’re offering free question and answer columns on Saturdays with Customer Columnists Clint and Katy Davis of Davis Coaching. If you have a question you’d like to submit to get advice from these financial coaches, email it to editors@perkstreet.com. Question 1: Fund an IRA or Pay off Debt? Dear Clint and Katy, My husband and I have been working hard and we’ve paid off all our credit card debt. We still have one student loan left at about $56,000, and our total combined income is about $144,000. We’re considering funding our IRAs while we finish paying off the college…

  • Blog

    2 Simple Ways To Know Exactly How To Fix Your Finances

    The Two Big Financial Questions To take control of your money, fix your finances, get debt free and achieve financial freedom, you have to do the impossible: You have to completely think outside of yourself. You have to disconnect from your own emotions, habits, perspective and rationale. As you sit in front of your budget, bank statements or stacks of bills, you have to determine two things: 1. Exactly how did I get where I am today? 2. How exactly do I move forward and fix my financial situation? When you can determine exactly how you got ‘here’ and exactly how to get ‘there,’ magical things can happen. Your confidence increases. Self-control becomes easier. You make…