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Best Time To Buy In A Recession

his explanation The current low interest rates being offered by mortgage lenders is making this a great time to buy a home for those in the market for real estate.

Compare Home Loans

he said Have you taken the time to compare home loans and seen just how low interest rates are right now? It was not that long ago that you would have been fortunate to get a loan that had rates as low as 9 or 10%. Today, borrowers can purchase a home and get rates that are in the 4 percent range. This makes home ownership a definite possibility for anyone with a good credit score.

Low Interest Rates

visit homepage Low interest rates mean that you will pay a whole lot less money in interest each month. More of your monthly mortgage payment will go directly to the principal of the loan and less money will go to paying down interest. Interest charges on a thirty year loan could force you to pay two to three times the value of your home. Low interest rates will keep you from wasting cash on unnecessary charges.

Smaller Payments

Another advantage of low interest rates is the fact that your mortgage payment will be smaller. A lower mortgage payment frees up your cash and gives you more money to work with each month. You can use the extra capital to pay down high interest credit card debt or you can send in extra principal payments to your mortgage company. Either method will move you closer and closer to being debt free.

Lower Rates No Matter the Credit Score

Low interest rates benefit borrowers who have average credit scores just as much as those with great credit scores. In the past borrowers with iffy credit had to settle for subprime loans that carry really high interest rates. Subprime borrowers had a hard time obtaining financing from a mortgage broker and traditional banking institutions. Now borrowers can find much more suitable loan products for them which lowers the risk of a potential default.

You can see how real estate buyers benefit from low interest rates. They can use a recession to pick up a low interest rate that will amount to significant cost savings.

Article publié pour la première fois le 23/11/2011


Money Love – Part Deux

Yesterday I introduced this piece from the Charlotte Observer in which young persons were ask to answer that age-old question about money and happiness. 

As you read, I took issue with parts of the responses (re-read the intro to see why I think it’s justifiable to analyze the financial views of teenagers), however, I am inclined to agree with most of the respondent’s ultimate conclusions.


Does happiness or satisfaction with life come with a price-tag?   

For me, I would need lots of money because I shop whenever I get the chance.  this hyperlink It’s really a matter of opinion and lifestyle. – Age 14

read You can’t say what defines happiness for people. Every individual has his or her own situation to deal with. One person might not care about money and another person might love making money. – Age 16

In my opinion more money actually could mean more happiness. It just depends on what type of person you are.  http://devrimcicephe.org/vistawkoe/599 If you’re a person that is very materialistic, then yes, more money would make you happy. If you’re a person who doesn’t care what kind of car you drive or what type of cell phone you have, then it wouldn’t really make a difference if you had more money or not. – Age 14

Saying that money can’t buy happiness is as Miss-America-ish as wishing for world peace and puppies for everyone.  I’m not saying that world peace and puppies wouldn’t be great.  Don’t go putting words in my mouth. 

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Article publié pour la première fois le 28/09/2010


My brother-in-law told me that Dave Ramsey told him that no one ever got rich on credit card points.  Ha!  Yeah right.

As it turns out, you won’t get rich on credit card points.  Go figure.  For a while now, Husband and I have been meaning to evaluate our credit card rewards to make sure we chose the right program.  Our credit cards are both through USAA and have the option of either going for the Rewards Program (where you get points that you can spend on stuff or airline tickets or whatever) or the Cash Rewards Program (where you get cash rebates for your purchases). 

Here are the summaries of each of the programs:

   click site     Rewards Program

   When You Buy:

  Your Points are Worth
  X% of Your Purchases
   Airline Ticket  1.00%   
   Merchandise   0.71%   
   Cash   0.83%   
   Charity   0.83%   
   Cruise     0.99%   

https://www.tuseguro.com/kambjasie/2900 Cash Back Program
 When You Spend:   You Get $X Cash Back:
  First $5,000    0.45%
  $5,000 – $10,000    $22.50 + 0.85% On Purchases Over $5,000
  $10,000 – $17,000    $65 + 1% On Purchases Over $10,000
  $17,000+    $135 + 1.25% On Purchases over $17,000

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Article publié pour la première fois le 24/06/2010


Bricktown, Oklahoma City, OK

No matter what the score (even a 15-7 loss for the Oklahoma City Redhawks last Saturday), there’s nothing like the ambiance of a baseball game on a summer night.  There’s also nothing like a $10 ticket, even if it is the Minor Leagues.  I’m just sayin’. 


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Article publié pour la première fois le 06/08/2010


Personal Finance Tools: The Five Must-Haves

This is a guest post from Lisa @ Frugal Living

https://distillery244.com/frnew1/391 Personal finance tools can help you take care of your present and future financial needs.  But which tools do you need?  Here are five of the best tools to consider when setting up a personal finance plan, with alternatives to help you choose the plan that is most convenient.

  1. Microsoft Excel

Don’t want to mess with your average budgeting program?  Worried about a program going out of style, and the hassle of learning an interface and switching devices?  For those that prefer simplicity, there is Microsoft Excel.
While it can take a little bit longer to use Excel than a paid or online option, the customization and control that you receive is great if you’re looking for simplicity.  Also, you can’t beat the format and universal nature of the program.  You can track every aspect of your finances on Excel, without a doubt.

  1. Budgeting Program of Choice

If you want to keep track of your finances and aren’t a spreadsheet guru, you should definitely consider using a budgeting program.  Adaptu, Mint and Quicken are solid choices for financial management.

Mint is the most popular example of this category within personal finances.  Smartphone users might be familiar with Pageonce, which is another name to remember.

These programs and services work to automate all of your financial accounts.  Then you will be able to see the transactions that are being made.  This is more of an easy way to see your finances, and then you can easily fill in your budget from the automated elements of the program/service.  It is worth a look; you can’t beat the ease that is offered.

Take a look at the free and paid programs, according to your needs.  There are plenty of freeware programs that are great for personal finance plans.  See what’s out there; you’ll surely find something that works for you.

  1. Smartphone Users Rejoice

If you have a smartphone, you could choose to keep all of the personal finance tools you need on your mobile device.  It’s simple and easy to keep track when you can check in as time allows, throughout the day.

Pageonce is a good start for mobile users.  PayPal is another accurate and easy way to track payments – especially if you’re an entrepreneur or freelancer. There are literally hundreds of phone apps available from your bank and credit cards, investment accounts, etc.  When you start depositing money from your mobile device, investing while on the train, and taking advantage of these tools – you will realize how your smartphone can be a great tool in your personal finances, taking care of some or all of such needs.

  1. Pen and Paper

Indeed, you can use pen and paper if you wish.  Bookkeeping on paper may be a lost art to the tech community, but ideally you should use whatever method works for you. The envelope method can be a good choice for people who like to pay by cash: simply withdraw the amount of cash needed to pay your bills or household expenses, and divide it into the envelopes. Pay the bills… and when the money is gone – it’s gone!

If the high-tech programs and options bewilder you, and you’d rather write everything out – by all means!  Whatever it takes to keep track of your budget and finances, and provide yourself direction – it will work.  For any method, you just need to stick with it and allow it to guide your financial decisions.  As long as it is sound and functional, it will work.

What program or tactic do you use to track your finances? Share your tips here!

Article publié pour la première fois le 19/10/2011


One Man’s Junk

One man’s junk might just be junk.


Have you seen these jars full of buttons?  Almost every antique store has them.  That, and pictures of families to whom you have no relation.  To give them credit, there is something cute about them.  But what is their value?  Unless you are planning a button-crafting-bonanza, what are these objects going to do for you?  I don’t care if they are only $10 for the pair, think about where they will end up in your home 2 months from now.  Stuffed up on a shelf.  In a cupboard.  Dumped out in your “junk drawer”.  

It might just be best to leave these babies on the shelf for that button crafter who will be happening along after you.  Hey, you can put the $10 you save away for that cruise you can’t afford to go on right now.

Photo Credit: hill.josh

Article publié pour la première fois le 18/06/2010

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