Mortgage rates continue to be at record lows — as of this writing, the average interest rate on a 30-year fixed home mortgage is 4.26% — so many homeowners are probably thinking about refinancing their home mortgages. Is it worth it? Sure, you’ll see an immediate savings on your monthly mortgage payment, but you have [...]
I remember the good old days when not only did I get tons of credit card balance transfer offers with 0% or 1.9% percent interest rates, but there was no balance transfer fee, either! Now I’m seeing few reduced-interest-rate offers, and most will cost consumers 3%, 4% or even 5% in [...]
Yes, you can take control of your finances. No matter how out of control your debt has spiraled, or how high your interest rates are, or how much you still owe on your school loans. It IS possible. But you have to take the first step and actually do something about it.
The personal finance community [...]
Well, I did it. Paid off the last of our original credit card debt, in two major installments in the past two months. Payment goes out on Friday. That just leaves us with $1000 on the other card (the one we first paid off in February) for our upcoming vacation at the end of June. [...]
Obsession can really take a hold of your life in terrible ways — you could worry whether the stove is turned off every time you leave the house and be diagnosed with obsessive-compulsive disorder, be afraid of germs and wash your hands 100s of times a day, fear that your spouse is cheating on you, [...]
Photo by Mooncat
Some folks have an epiphany when they hear Dave Ramsey or Suze Orman pontificating for the first time:
“Hey, I need to get out from under all this debt!”
This realization is the first step to your financial metamorphosis. Like a catapillar that becomes a beautiful butterfly, you first have to put yourself into a [...]
First, estate planning — now, we’re moving on to what happens to debt when you die. The question was asked by Ally from Tales of a Fourth Grade Nothing in the comments section, and I realized that I couldn’t give her an answer without doing some research. So here’s what I’ve learned.
It Depends on Who’s Listed [...]