Mortgage Buster: Scam or Savior?
We were recently approached with an interesting question regarding making interest payments. While there are many different ways of manipulating money, the absolute hardest way is to manipulate it to the advantage of the average consumer or homeowner. The house is stacked against us and we are given the pesky task of paying interest on [...]
MYM Mailbag # 1
We weren’t sure what to expect when we decided to open up our mailbag to you, the readers. Frankly, we were worried that we wouldn’t get any responses. We were more than happy with the number of great questions that came in; it’s great to have such active readers! We still have a few more [...]
Your Guide to House Hunting
Both Freddie Mac and Fannie Mae have gotten quite a bit of media attention on their recent bailout, a la Bear Stearns. While the consequences for this hasn’t been felt yet (and I am pretty sure that we as tax payers are going to be integral in footing the bill) the ramifications of them going [...]
The 8 Worst Habits for Saving Money
We have written before about “Saving” and being “Frugal” and things like that but we haven’t really addressed what to look for when you might be in danger of not saving adequately. Here’s a short list and the resolution for each, take them with you!
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Jump Start Your Savings
Back in April, I wrote an article about Jump Starting Your Frugality, and it has seemingly been well received. Now we are going to approach this from another angle: Savings!
Getting your savings in order is a tricky thing…It’s just enough ‘out of sight, out of mind’ that you can easily dismiss it throughout the day [...]
You Deserve a Luxurious Vacation…Let Me Finance It For You
Today, I receive an email from CitiFinancial. This isn’t rare, being they send email to current and past customers at an annoying frequency. As you can tell from the text of the email (pasted below), Citi is offering a loan in order to finance a vacation. We all know financing a vacation is a horrible idea, [...]
How Much Were Your Closing Costs?
Do you remember closing on your first home loan? You sit down in a small room with your realtor, the seller, the seller’s realtor, and a title agency. The agency plops a huge stack of documents in front of you and one by one, you sign your paychecks away. If you are [...]
The Best and Worst Discount Brokers
I have always wanted to be the guy whose phone rings in a crowded room and say, “Excuse me, I have to take this one – it’s my broker.” Unfortunately for me, this big-headed moment probably will never come, thanks to the rise of discount brokers. Discount brokers like E*Trade and Fidelity, are companies that [...]
Help Spread Frugality
A number of consumer advocate groups are teaming up in hopes of spreading the frugal gospel. In what will hopefully be a successful nationwide advertising campaign, the groups will try to change the spend first, borrow/spend second, and save last attitude that has slowly become our norm.
This new coalition has released a report, which [...]
Why Didn’t I Receive My Economic Stimulus Check?
It’s early May, the last two digits of my social security number are between 00-20 and I filed my taxes on time with a direct deposit and I have some serious spending to do – where is my stimulus? Well, serious spending is more like a new ceiling fan and light fixtures, but hey, [...]
5 Quick Tips For Milking Your Money in the Market
As we move ahead with this diabolical ARS issue, its becoming more and more clear to me that the way Americans might be best suited for investing is a little more robotic and a lot less emotional. At least on some level. I am guilty of making decisions within my portfolio that are [...]
Rare Opportunity – Interest Rate Cuts and Private Student Loans
MilkYourMoney.com has received an increasing amount of traffic directed to an earlier post titled, “How Do the Federal Interest Rate Cuts Affect My Student Loans,” in recent days and with good reason. The Federal Funds Rate has been dramatically reduced in the last couple of months, which has adjusted borrower’s monthly payments for nearly every [...]
Top Ten Reasons to Use Online Bill Pay
It’s strange how the conveniences in our lives continually improve but we seem to constantly be on the run with more things to do. We no longer have to go to the store to rent movies, we can now have our groceries delivered to our door, and we can even hire life coaches to take [...]
Monthly Round Up for February
Every month we will gather up some of our most well received posts and quotes, in case they were missed as well as to give some financial highlights to consider for the month ahead. We will also discuss some of our sites traffic activity.
We had quite a successful first month! We had well over 3,550 visitors this [...]
