Here are 5 things you can do to start yourself on the right financial path -- before you turn 20.

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It’s important to double check your tax return — even if it is prepared by someone else. Anyone can make a mistake, and the information entered into a tax prep program is only as good as what you put in. Before you hit “send” on your electronic filing, or before you put your paper return in an envelope, carefully check for these 10 common filing mistakes.

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When it comes to insurance, it’s all about reducing risks. The whole point of insurance is to help you hedge against the risk that unexpected events could financially devastate you — or at least cost you a great deal more than you would like to pay. If you have an auto insurance policy, you might find that it offers another risk-reducing feature: accident forgiveness.

Photo by cdaltonrowe via Flickr
What is accident forgiveness?
Accident forgiveness is a feature on some po...

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Renters insurance is similar to homeowners insurance in that you're protecting the possessions that you own but different in that the actual living space is not included in the policy. This means that if you are renting a living space and want to protect your TV, stereo system, desktop computer etc., you will need a renters insurance policy.

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Financial independence is a term typically used to describe a state where you have sufficient assets to live a certain lifestyle indefinitely without having to work or be employed.  Whether your income is derived from interest on savings, investment income, real estate income or something else, it really doesn’t matter.  The key is that you’re financially independent.  What an incredible goal.  Financial independence or financial freedom is something most everyone would admit to ...

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