Mortgage Debt to Income Ratio – A Rule of Thumb
By debtcrun
Mortgage Debt to Income Ratio – Ever ask yourself “How much house can I afford?” Just a word of warning – I am NOT a banker or financial analyst. I have owned a home. I found a way to get a mortgage that I truly could not afford. Finally, I signed my house over [...]
Debt Reduction – Don’t Make the Minimum Payments…Yet!
By debtcrun
Debt Reduction – When you hear that you should be doing baby step 1 -2 – 3 while making your “minimum” payments on your credit cards, loans – there is a critical point to remember. Pay Attention! When you see them lower your minimum monthly payment – IGNORE IT!
Over at Debt Be Gone – [...]
Debt, Credit Cards and Teenagers – College Kids Targeted by Credit Card Companies
By debtcrun
Debt, Credit Cards and Teenagers – I have two older girls that are 21 and 19 that get credit card offers every day, every single day. Sometimes 2-3 credit card offers come in the mail. I don’t want to simply throw them away because a part of me believes they should be shredded. Prevent [...]
Debt Crunch – The Invisible Rich
Debt Crunch – The Invisible Rich
Money Monk shared an article by Knight Kiplinger about the “Invisible Rich” you can read it here on Kiplingers.com It struck a nerve with me because this is where my thoughts have been going – living with a purpose, a financial purpose. In my own life, I knew an elderly [...]
Financial Blogs – Three Different Views – More in Common Than You Think
Three Different Views – More in Common than You Think.
Living Debt Free, Prioritizing Dollars, Simplifying Our Lives, Supporting Dreams – Just some common threads found in three money blogs that have got me thinking this week. Don’t forget to let me know what you think, just post a comment to add to my thoughts and [...]
Student Loan Refinancing – Consolidate Your Student Loans or Stick With What You’ve Got
Student Loan Consolidation – Refinancing your student student loans into one loan payment “could” save you money AND put more money in your life for other things – like clearing up debt, starting an emergency fund, building your down payment for a new home.
Student Loan Refinancing – You Should Consider Student Loan [...]
Debt – An Eliminate Your Debt Offer I Could Refuse
Debt Elimination – This week in my mailbox I got this offer to “eliminate” my debts in 2007? from a national nursing association that apparently offers loans to nurses that can be used for anything you are willing to spend money on, including paying off your bills. It struck me that this “loan” is marketed [...]
Credit Card Payments – Stop Making Minimum Payments on Your Credit Cards
Constant Credit Card Payments Are you trapped into making only minimum payments on your credit cards? I hope not.
Minimum payments decline as the balance on the credit card declines.
Let’s take a credit card with a $2000 balance at 15% interest to use as an example. You would expect to pay about a $40 (2%) [...]
Weight Loss and Being Broke – Real Life Math Problems That Stump Us!
Weight Loss and Being Broke – Real Life Math Problems That Stump Us!
Math – Who knew! Here I was thinking that I was overweight and cash poor because I didn’t move enough or earn enough – I wasn’t looking at it as a word problem in math. Okay, it may seem a bit oversimplified but [...]
Three Day Weekend Fiasco – Screwed Up Car Insurance
Debt Crunch – Car Insurance I’m ticked ~ Major set back. I sent in my car insurance payment 3 days before it was due and simply assumed it was all set only to get a letter today (two weeks later) informing me that my auto insurance policy was cancelled for non-payment. The kicker is I [...]
