Are you having problems paying a monthly mortgage payment? Â Are you living in fear of default? Â Here are some of the warning signs that your mortgage is a time bomb waiting to go off. The first is the size of your mortgage payment. Â If your payment is more than third of your monthly take-home pay, [...]
budget
We all handle medical problems differently. Go to any Emergency Room and you may wonder why the guy experiencing chest pains for the past week didn’t come in earlier and why the kid with the splinter is there at all. Financial problems are the same. Some delay getting financial counsel, while others are pro-active and [...]
What does pet ownership have to do with filing bankruptcy? It is just one of the many expenses of life that most of us underestimate. Unless you understand and are prepared for the real cost of owning a pet, you are in for a shock and could literally go bankrupt. I’ve seen it happen many [...]
Why is it so hard living on a budget? Â I believe it has something to do with the many unscheduled expenses of life. Do we carefully categorize every dollar spent? Â Probably not. Â As a result, we underestimate how expensive life really is. Yesterday, I joined my wife for a quick trip to the local supermarket. [...]
In a recent blog, I wrote about ways to save money–the ideas featured in an article by Jean Chatzy in the June 2008 Reader’s Digest. I agreed with the author’s analysis that sometimes small quick changes create a big result. Her article also mentions the ways slightly more difficult changes can have big results in a hurry. [...]
There are a host of books on the subject of how to save for retirement, buy homes, payoff debt quickly: Suze Orman, Thomas Stanley and William Danko (authors of The Millionaire Next Door), Robert Kiyosaki and Sharon Lechter (authors of Rich Dad/Poor Dad) All of these authors advocate lifestyle changes which could be dramatic in order [...]
