I recently asked readers how to help my friend payoff his debt. I highlighted some of the responses in 7 Ways to Payoff Credit Card Debt. Here’s the situation that he is dealing with (see the story for all the details): Personal Line: $3,500 balance @ 15% – $7,000 limit Credit Card #1: $2,300 balance [...]
Last week I brought up the story of a friend that needed help paying off debt. There were lots of great responses with different ways to get rid of the debt. A recap of the situation (see the story for all the details): Personal Line: $3,500 balance @ 15% – $7,000 limit Credit Card #1: [...]
Last night I got a call from a friend looking for some financial help. He has $14,300 in debt and has a goal to be debt free by November. Before I put together a plan for him, I’d like to hear what you have to say about it! Debt Details Here are the details of [...]
After going back and forth about selling my car, I finally said goodbye to the car last week. It was a little sad, because I loved that car! But since the kids didn’t fit, it truly wasn’t working. Here’s a recap of the sale process and a summary of what worked and what didn’t. Getting [...]
According to some estimates, every household, on average, wastes 15% of its income (if you make $4,000 a month, this amounts to $600). This wasted money disappears into needless things that do not offer any real and lasting value. Things like lattes and money for useless knick-knacks that do nothing more than gather dust. Impulse [...]
I’ve been running the numbers like crazy and I’ve determined that it will be worth it to jump through hoops to rearrange our finances to refinance. If you are considering a refinance, see when it makes sense to refinance. I’ve calculated a minimum gain of $12,000 over the next 5 years less any opportunity costs [...]
Photography by: bookish in north park We’re considering refinancing our house. It’s been two years since we refinanced our construction loan into our existing mortgage and rates are lower now than the interest rate we got two years ago. If you are considering refinancing, here are some situations where it might make sense to refinance.
The car frenzy is in full swing at our house. Once I decide to do something, it’s usually pretty hard for me to think of anything else. So it’s no surprise that I’m still busy with the car search! Background First I made the commitment to sell my car, then I asked readers to tell [...]
I took the first steps and committed to selling my car. I’m ready to move from a “car I love” to a family car. Now I’m moving to the planning and research phases. I revisited my old criteria that I set in the fall and updated it to reflect our needs instead of wants. Here’s my [...]
So you’ve got a debt? What’s the first step in getting rid of it? Let’s take a look at one of my hot-button items in our budget and work through it. In the fall we decided not to sell my car just yet. However, now that spring is almost here it’s time to do something [...]
