eFinPLAN Blog

Here you'll find no-nonsense advice to help you understand and manage every one of your pennies - from how to budget yourself out of debt to tips for selecting the right kind of insurance. We write every word ourselves so you'll know that the information you read here is accurate and practical!

Structured Settlements Twist

A structured settlement is money that is owed to you in a monthly stream of income for many years, such as a lottery winning, large law suit or a payment from an annuity that has been annuitized. In exchange for the income, the owner of the structured settlement receives a lump sum amount of money. These… Read More »

Updated Poverty Estimates

Categories: News

Article in the New York Times, covers the latest poverty statistics for people in the US using the new measure from the Census Bureau NYTimes.com.

Budgeting for the Weekend

Categories: Budget

Weekends are the hardest on our family’s budgets. We are really good throughout the work week at not going over our entertainment budget. We take lunches, stay away from stores and other places of temptation. When we go online, it’s more for work than play. Come the weekend, sometimes the celebratory feeling hits, and we… Read More »

Will America Grow Up Before It Grows Old?

Categories: News

The economics of America and the world are closely tied to our aging populations and to the entitlement programs designed to provide for their income and health care. Politicians of all colors talk out of both sides of their mouths, and it is hard to find truth in what they all say. Lately the AARP has been… Read More »

Student Tax Breaks

Categories: College, Taxes

Most articles about college education planning provide valuable information for parents who are saving and investing for their children’s education, as well as various options for financial aid and student loans. However, what options are there for students that don’t qualify for aid and want to minimize student loans? This article in the Wall Street… Read More »

Repay debt or fund 401k?

Categories: Bank, D Ramsey, Retire

Dave Ramsey in his Financial Peace University class advocates that in order for people to pay off their non-mortgage debt like credit cards, car and student loans, that they should get the Gazelle mentality: temporarily cut back on all expenses, get second jobs, and stop funding their 401k and devote all disposable income to repaying… Read More »

Coverdell Education IRA and 529 Explained?

Categories: College, D Ramsey

Following Dave Ramsey’s “From Fruition to Tuition” class, people often ask me about the education savings accounts and 529 plans.  It seems there is a little confusion.  Briefly… The Education Savings Account (ESA) and the Coverdell Education IRA are one and the same. They are accounts that are set up specifically to fund college education. They are… Read More »

Entrepreneurism Admired

I admire creative people who can think of an easier way to do something and create a business out it. Even though the economy is struggling, there is always opportunity to find a better way. Sometimes it is simply improving what already exists, such as a vacuum cleaner or fan. That is why I found… Read More »

Obama’s New College Loan Program

Categories: College

Obama mentioned that as of January 2012, student loan re-payments will be limited to 10% of income, and any left over balance after 20 years, would be forgiven. Sounds good, similar to the current plan that already exists for some loans and some non-profit employment situations after 10 years. So the new plan seems to… Read More »

Dave Ramsey’s 12% Return Rate Realistic?

Categories: D Ramsey, Invest

Recently a small group leader of our current Dave Ramsey Financial Peace University Class asked me: “I have been getting some questions in my group and I have been wondering myself, Dave is a big supporter of mutual funds for savings and I agree I have some myself; however, with interest rates being what they are, is… Read More »