Renting vs. Buying
It’s the American dream, buy a home and raise a family. For many, buying a home just feels like the right thing to do, but really couldn’t tell you the financial benefits for doing so. In fact, buying for many is simply not worth the cost. There are obvious advantages to owning a home; likewise, [...]
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 [...]
Is Your Patience Tanking with the Market?
If you have been paying any attention to the markets lately, then you probably have noticed the huge fluctuations the past couple of weeks. Key market events, like the Fed’s decision to keep the interest rate idle, and the rise and fall of the price of oil, seem to mean more to investors than companies actual [...]
Top Financial Leader Thinks Second Wave of Foreclosures Coming July 1
“We have a wave of foreclosures coming after July 1, which may make the first wave look small by comparison.” – Sen. Christopher Dodd (D-CT)
Earlier this week, Senator Christopher Dodd (D-CT), Chairman of the Senate Banking, Housing, and Urban Affairs Committee, expressed his less than enthusiastic financial forecast for the coming months during a Securities [...]
Can I Save My Home?
As we all sit around, glued to our bank accounts, waiting for our stimulus check, the country is hurdling towards an unknown that won’t officially be settled until July. Once the magic “R” word comes out, I would imagine that there is going to be a new shock to the system as a whole. [...]
Investing in Real Estate vs. Stocks – Which Is Best?
For years, the United States Government has encouraged citizens to become homeowners, primarily with tax incentives like deductions from mortgage interest, mortgage points, and property tax. However, if the U.S. Government was held as a fiduciary by encouraging home-ownership, our tax breaks might subside based off recent numbers highlighted in a recent Washington Post article [...]
Simple Ways to Boost Your Credit Score
Improving and maintaining your credit score is one of the best ways to qualify for lower interest rates, acquire credit, and reduced insurance premiums. However, the majority of us don’t keep a close enough eye on our credit scores and frankly probably don’t understand them. How your credit score is actually determined is [...]
My Student Loan Decision
In a recent post, which you can view by clicking here, I broke down a recent offer my student loan lender, Iowa Student Loans (ISL) has presented. Because of the recent turmoil in our credit markets, the Federal Reserve has been cutting the Federal Funds rate, which for many has been a good thing. These [...]
Monthly Round Up for March
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. Have you subscribed yet?
So this is our second month [...]
Potential First-Time Homeowners Should Take Advantage of our Current Housing Market
Our current housing market, which is giving homeowners around the country financial headaches, is providing a grand opportunity to a certain class of potential buyers – first time homeowners. One man’s trash is another mans treasure is a saying that accurately reflects our current housing mess. Aside from those with a substantial amount of cash [...]
Emergency Funds are NOT Investments
At this time last year; we were all enjoying money market returns nearing 5 percent. Many were not only parking their money in these liquid funds for emergency cash, but using them as active investments. Unfortunately, one of the downsides of the Federal Reserve’s recent interest rate cuts is the declining returns [...]
Should We Worry About Inflation?
Today, the Washington Post reported that, “prices have risen 9.2 percent since 2006 for the groceries, gasoline, health care and other basics that a middle-income American family has little choice but to consume.” Usually I would be happy with a 9.2% raise, but apparently, Americans need this just to keep pace with purchasing everyday essentials. [...]
Analysis of “The 11 Principles” by Money Crashers
MoneyCrashers.com has an article a list about a few principles regarding money and we would like to address them. Over all, its a great list. Feel free to comment!
1. Always spend less than you make.
Naturally, this is in first place as it keeps the saver moving in the right direction, regardless of how fast or [...]
Words From The Wise…
Quotes have the potential to inspire people to make changes in their lives for the better or to keep them on their chosen path. As passionate as we are about our writing, we know others in the world simply say things better. Having said that, we have picked five financial related quotes that we hope [...]
What Would You Do With $1 Million Dollars?
This topic is not really in line with saving day to day or financial managment, but since its Friday, we thought we would have a little bit of fun. Shown below, is a couple that won $270 million dollars and looked as though it was an inconvenience. Very entertaining to watch to say the least. [...]
