Hope for your financial life and beyond

Should I Ever Get Rental Car Insurance?

The first time I ever rented a car I was unprepared for a very specific question: “Would you like to purchase the insurance for that?” the agent asked. “I don’t know,” I thought, standing there with the deer-in-the-headlights look. My only thought was getting behind the wheel of the convertible I’d reserved…the sooner the better.

So I listened to the spiel and bought the rental car insurance. A few minutes later I’m top down and cruising around Saint Croix with my new bride.

enterprise rent a carI realized later my decision had been a small financial mistake.

There is no question you need insurance to drive. According to the Department of Motor Vehicles, every state requires motorists to carry a minimum level of auto insurance coverage (or the equivalent in financial responsibility waivers). Such coverage is necessary to protect against damage to property or injuries to people caused by an accident.

But if you own a car, your rental car may already be covered. Once you realize the rules and what your own auto insurance policy covers, you will be able to answer the “Should I get rental car insurance” question with confidence.

To do so, you must prepare in advance by doing two things:

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How to Best Invest 1,000 Dollars at Age 18


I recently had a conversation with a former student of mine who is looking to invest in the stock market. He’s in college now and has some money sitting around that he doesn’t need for school. He wanted to know if it was realistic or not at this … [Continue reading]

With God All Things Are Possible – Even Saving Rich People

With God all things

Hidden Nuggets Series #96 - “But Jesus looked at them and said to them, ‘With men this is impossible, but with God all things are possible.” - Matthew 19:26 On one occasion in the Bible a rich young ruler approached Jesus with a very serious … [Continue reading]

Why Parents Should Never Give Kids Money for A’s at School

A+ on notebook paper

Parents (and now some schools) have used money as a tool to motivate their kids to do well in school. During my years as teacher and principal of a private Christian school, I knew about it happening at all levels, from kindergarten through high … [Continue reading]

The Big Reason You Need Disability Insurance


Most of us feel we are doing fine if we have the four horseman of the insurance industry covered: health insurance for our physical needs, auto insurance for when we drive, home/renter’s insurance for our property and life insurance to provide for … [Continue reading]

Why I’ll Cherish Every Moment of the Next Four Years


It’s a Milestone Monday of sorts at our household. Today at 7:45 I’ll be dropping off our four kids for their first day of school. That may seem ordinary but it’s not the start of just another school year for us. This year is a bit more … [Continue reading]

The Future Is Where Your Present Goes to Die

the future

Hidden Nuggets Series #95 - “For I know the thoughts that I think toward you, says the Lord, thoughts of peace and not of evil, to give you a future and a hope.” - Jeremiah 29:11 I’m not 100% sure about the future. I don’t know for certainty … [Continue reading]

8 Sneaky Places Mold Hides in Your Home and How to Get Rid of It


Like many others I suffered from allergies as a child. The allergy screening my pediatrician conducted revealed my greatest allergies were to dust and mold. Mold was especially problematic because our house was built around 1910 and the brick … [Continue reading]

Americans Share Their Biggest Financial Worries

When it comes to your finances, what are you most worried about? Paying the bills? Retirement? That massive chain of student loan debt wrapped around your neck? There is no shortage of issues to worry about. At each stage of life we face … [Continue reading]

How to Save Money Without Losing Track of What It’s For


One question I routinely get asked by friends and readers of this site is, “How do you account for your money when you are saving for an emergency or for a future need?” The problem boils down to this issue: keeping track of what money is to be … [Continue reading]

How An Expensive Camera Purchase Ended Up Being Worth Every Penny


Like you I enjoy summer vacations and think travel should be a part of any budget. Actually vacations at any time are great. We just end up taking most of ours during the summer as a reward for my wife making it through the busy tax season. Come the … [Continue reading]