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Financial Freedom and Personal Finance Success by Moolanomy.com

Moolanomy Personal Finance Blog is home to the 12 Steps Guide to Financial Freedom and Personal Finance Success. We discuss financial concepts in an easy to understand language to help you improve your finances and better your life.

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The Average Retirement Savings by Age

The Average Retirement Savings by Age 1

Are you saving enough for your retirement? How are you comparing to other Americans? In this article we will be looking at average retirement savings by age group in the United States. This article is using information found in Economic Policy Institute’s The State of American Retirement article, which based their information on the Federal … Read moreThe Average Retirement Savings by Age

How to Get Rid of Your Private Mortgage Insurance

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If you paid less than 20% down payment on your home purchase, you are most likely paying a monthly Private Mortgage Insurance (PMI). The PMI is an insurance policy that protects the lender — not you. If you default on your mortgage, the lender receives payment from the insurer for the loan given to you. … Read moreHow to Get Rid of Your Private Mortgage Insurance

Emergency Fund: Your Safety Net Against Financial Emergencies

Emergency Fund: Your Safety Net Against Financial Emergencies 8

You know you need to have some money set aside for life’s emergencies, but how much is the right amount? Should you have a separate fund for your car, for unemployment, and for medical problems? At the end of the day having some sort of emergency fund, specific or not, is better than having none at … Read moreEmergency Fund: Your Safety Net Against Financial Emergencies

How to Find the Best Home and Auto Insurance Rates

How to Find the Best Home and Auto Insurance Rates 12

Home and auto insurance premiums tend to go up each year. The good news is that it is easy to get free quotes, you can often shop for both policies together and take advantage of multi-policy discount. Insurance premiums are more negotiable than most people think, and with some work, you can save a lot … Read moreHow to Find the Best Home and Auto Insurance Rates