September 6th, 2013

Link Roundup: How to Save Money for the Down Payment on a House


How to Save Money for the Down Payment on a House


How to Save Money for the Down Payment on a House “Unlike most items we purchase these days, a house isn’t something that you can go out and buy today if you decided that you wanted to. It can take months or years of planning before you’re ready to proceed. One of the biggest reasons for this is the need to save money for the down payment—and the larger the down payment, the better. What are the best ways to do it?” Cash Money Life

Checking Account Safety: How to Prevent Fraud “Like many Americans, you probably rely on your checking account for many of your day-to-day purchases. All of your transactions, whether online or in person, can leave you vulnerable to fraud or theft if you’re not careful. It can happen to anyone, and it’s impossible to prevent it 100% of the time, but it’s way less likely to happen to you if you follow some simple precautions. We asked banking experts from around the country to weigh in, and got some excellent responses. Here are some easy tips to protect your account from theft and fraud.” Nerd Wallet

What clay pigeon shooting can teach you about finances “First time for everything, isn’t there? This past Labor Day weekend clay pigeon shooting showed up on my “first time” radar, courtesy of a great friend who figured that killing bright orange pieces of clay couldn’t be beat for a long weekend of fun. We looked for the prototypical tin can to shoot at, but our hostess, it turned out, was way too environmentally minded for any stray cans to be lying around: all were safely sealed in recycling containers. So we made do with a few scraps of 2×4 wood, which still met the main criterion: they didn’t move. And then the lessons started.” Five Cent Nickel

The Best Investments for a Teenager “For hands-on experience dealing with money, parents can help their teenagers set up a variety of financial accounts. The variety is good. If someone has $2,000 to invest, it would be worthwhile to spread it around to various types of investments or savings vehicles.” Consumerism Commentary

5 Steps to Paying off Credit Cards “A few years ago my husband and I paid off our credit cards. Finally. We had dreamed about paying off our credit cards from the day we got married. Unfortunately, we didn’t have a plan at first, so paying off our credit cards remained a dream. Eventually we made a plan to pay off our credit cards. And our plan worked! So if you have a credit card balance that you’d like to see paid off, maybe our plan will work for you.” Being Frugal

Should I Even Care About My Credit Score If We’re Not Anticipating Needing More Credit? “When we started the process of trying to find a new home loan with which to buy the new house, we realized that we would want to make sure that we stayed on top of our credit situation, that we only did things to maximize our credit score and that we got the best rate possible on the house. For the most part we were able to do that, and we got the lowest possible rate at the time because our excellent credit scores put us in the highest tier for the best rates. Now that we’ve closed on the house, and we don’t anticipate using any further credit anytime in the near future, should we even care about or keep track of our credit scores?” Bible Money Matters

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June 12th, 2013

6 Reasons Savvy Homeowners Are Not Paying Off Their Mortgages Early

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For many years, homeowners have likely heard the same financial advice: Pay down a mortgage as quickly as possible. But these days, many financial advisers are singing a different tune, telling clients that in some cases it makes sense not to pay off their mortgages early. After all, mortgage rates are hovering near historic lows at around 3.8 percent, and homeowners can get a tax deduction for having a mortgage. Here are six reasons savvy homeowners choose not to pay off their mortgages early.

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April 25th, 2013

10 U.S. Cities with the Lowest Mortgage Debt


Last month we took a look at which U.S. cities have the highest student loan debt. This month we thought it’d be interesting to take a look at the 10 U.S. cities with the lowest mortgage debt. Interested in buying inexpensive property in any of the following cities?

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December 21st, 2012

Link Roundup: Four Ways to Pay Off Your Home Faster Than You Thought Possible

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Four Ways to Pay Off Your Home Faster Than You Thought Possible "Most people don’t think about paying off their homes aggressively. We all grew up hearing how long it takes to finally own a home, and even the bank makes it seem like it should take decades (which is in their best interest, not yours). Combined with all the economic doom and gloom floating around, aggressively working to own your home sounds a bit crazy." Three Thrifty Guys

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November 16th, 2011

Wednesday Roundup: How to Spend Less Without Starting a Budget

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How to Spend Less Without Starting a Budget "Some of the most common advice for helping someone spend less is to start a budget, but this approach doesn't always work." Wise Bread

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November 5th, 2011

How Do I Build My Credit Score to Buy a House?

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Whether you want to buy a house, a house of pancakes, or a shrine dedicated to House of Pain’s 1992 hit “Jump Around,” good credit will get you the loan you need at the lowest interest rate possible. But even if you have a bad credit score from unpaid hospital bills after an unfortunate jumping around-based injury, there are still lots of things you can do to improve your credit health.

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September 14th, 2011

Wednesday Roundup: Collecting – Hobby or Money Pit?

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"Collections have a purpose in life...They make you happy, they have sentimental value or they have a monetary value. But sometimes, they’re just junk collections waiting to be tossed by people you love." Fabulously Broke in the City

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September 7th, 2011

Financial Tips for a Congressman With a Six-Digit Salary

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Believe it or not, Congressmen have a hard time paying their bills, too.

You may remember the video of Rep. Sean Duffy of Wisconsin talking about his budget woes. He readily admitted that, even with his six-digit salary, he’s “struggling.” While the 45-minute video of the public townhall has since been removed from the internet, TPM retained a one-minute clip, in which Duffy specifically speaks to his struggles.

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August 30th, 2011

Infographic: To Rent or To Buy?


Think buying a home is no longer a solid investment? Think again! created the following infographic, using some of the findings from Trulia's American Dream Survey. Check it out!

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August 24th, 2011

Wednesday Roundup: Don’t Believe These 3 Mortgage Myths

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Mortgage rates are near historic lows. Predictions that credit downgrade for the U.S. would send mortgage rates soaring haven’t come to pass (not yet, at least). So far, there are still chances to get incredibly low mortgage rates, whether you are buying a home, or refinancing your current mortgage. MoneyNing

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