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Tag Archive: debt

BUYING A HOME? IMPROVE YOUR CREDIT FIRST

Written on December 30, 2011 by Barb in credit, debt, guest post, real estate

When you realize how much money you can save over the mortgage life by improving your credit score, you’ll want to wait to purchase your home until you can qualify for a lower rate.

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MBA SERIES (part 2); BONDS

Written on July 4, 2011 by Barb in asset allocation, bond, investing

A BOND is a loan to a corporation, municipality, or government. When you buy a bond you are making a loan to the bond issuer. In exchange for the loan, you receive an interest payment. The amount of interest you receive is directly related to amount of risk you are taking.

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My Biggest Financial Mistake – Opening an eBay Store and Using Credit

Written on June 10, 2011 by Barb in career, guest post, make money, Yakezie

I worked hard at my job, and in the evenings and weekends, I worked hard at my second job, eBay. If I wasn’t at the computer, I was dragging my very patient husband and son to the mall so I could shop for kids’ clothes.

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HOME BUYING ALERT

Written on April 15, 2011 by Barb in debt, real estate, saving

How much you pay for your home is significantly influenced by the mortgage rate. When shopping for a home, buyers typically look at the home prices. For example, your price range might be $200,000 to $225,000 (of course not in NYC or LA), but the cost to you actually varies depending on your financing options.

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GET OUT OF DEBT NOW!

Written on February 14, 2011 by Barb in debt

It is very difficult to save if you are carrying credit card or high interest debt. Look at Josh’s situation; he loves electronics, computer games, entertainment etc. and believes that since he has a job, he should reward himself by buying whatever he wants.

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Why it’s Important to Teach Personal Finance to the Next Generation

Written on February 8, 2011 by Barb in debt, guest post, parents, personal finance

Whenever I spend large sums of money, I can hear my mother’s voice; “Is this really necessary?” or “Couldn’t you find that cheaper somewhere else?” At certain times, such as the day I finally bought the car I had spent years saving for, it can be annoying. Al though sometimes irritating, I will never forget the financial advice she gave me in my youth and how it helped me to prepare for the future.

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Why I’m Happy with a $500 Car Repair Bill

Written on January 3, 2011 by Barb in negotiating, parents, saving, spending, values

Our family keeps our cars as long as possible. My car is a 1998 model and El Carino has the newer 2003. Mentally, when I got the information about the repairs I immediately considered how much cheaper a $500 repair is than the expenses I would have in purchasing a new car.

Which would you prefer, $500 unexpected bill or 20,000 to 30,000 dollars for a new car plus higher insurance premiums, fees, taxes, and immediate depreciation?

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HELP, I HAVE NO MONEY; Cash Management for New College Grads

Written on December 22, 2010 by Barb in career, credit, money management, parents, personal finance, saving, spending

Life is particularly challenging for new college graduates. Take a few positive steps and you can make it better!

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GOOD DEBT

Written on November 7, 2010 by Barb in career, credit, debt, spending

Sometimes credit card debt is inevitable. Fall on financial hard times? Cut expenses first, if you must, pay only the minimum on your credit cards.

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TEN STEPS YOU MUST TAKE BEFORE BEGINNING AN INVESTING PROGRAM

Written on October 11, 2010 by Barb in automatic saving, budget, debt, goal setting, investing, Yakezie

Investing is not a game, but an important activity to facilitate the accumulation of wealth. In the short run, investing is also an activity which can facilitate losing wealth.

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