Don’t be sloppy with your money: make sure to get what is due to you

sloppy with money

One thing I know well is debt. Small wonder this is: I lived with debt for quite a few years before we reached a crisis point and dealt with it once and for all. Debt, however, is just a symptom while the illness is in a number of behaviour patterns we acquire on the way. My illness was in: Refusing to talk about money; Refusing to check on my money; Convincing myself that I need stuff (I didn’t really); Not having a big, fat dream for my life; and Being sloppy about money. How can one be sloppy about money, […] Read more »

We’re Getting a Debt Consolidation Loan, and I’m OK With That

consolidation

Hot off the presses, EOD Nation, despite all you may have read, debt consolidation loans are not evil. Even after completing a debt management plan in which we paid off $109,000 of credit card debt, my wife and I knew we still had actions we had to take to really get our finances completely on the right path. One of those actions is paying off two additional lines of credit that could not be included in our debt management plan. Our goal was to consolidate these two lines of credit with a single consolidation loan. We applied for such a […] Read more »

How do I Know How Much Equity I Have?

equity

It’s actually very difficult to find out what equity you have in order to refinance unless you actually do so. The problem with this is that completing an application to refinance has associated fees which can be high. It’s a big investment when you are not guaranteed a positive outcome. Figuring out the equity in your home is about comparing what you owe with what your home is worth on the real estate market; the loan to value (LTV) ratio. There is a common belief that an 80% ratio is ideal, but it is possible to re-finance with a much […] Read more »

I Love You Like A Blogger Roundup – 07/18

We’re headed to a wedding this weekend, something we haven’t done in quite a long time.  It should be a good time, as it’s for a daughter of a coworker and friend of mine.  Party with the work crew!  I’m guessing that all the usual wedding songs will be played at the dance, and there may be some fist pumping action going on.  But it won’t compare to the reaction to this week’s list of favorite posts, there were some great ones this week. Get ‘em up! Posts That Make Me Fist Pump Is It Possible To Live Without Credit? […] Read more »

The Lemonade Stand Review, and IPad Mini Giveaway!

bookreview-giveaway

Whenever I pass a lemonade stand on the side of the street, I pull over. Regardless of where I’m going, how busy I am, or whether I’m thirsty or not I pull over and buy a couple of glasses. It’s a personal policy. I did the lemonade stand thing many times when I was a kid, and I know how discouraging it is to not have any customers. I also know how awesome it feels to have someone take the time to stop and help you reap the rewards of your hard work. I absolutely LOVE seeing a kid’s eyes […] Read more »

I Love You Like A Blogger Roundup – 7/11

It’s a very tired fist pump from me this morning, my friends.  The ringing of our home phone woke me up at 1:00am.  Being a software engineer part of a team that writes firmware for very large business class servers, I’m essentially always on call. I was called to look at a critical customer problem and worked most of the night.  Hopefully you guys can all back me up this week – so get ‘em up. Have a great weekend! Posts That Make Me Fist Pump 5 Causes of the Money Blues and How to Eliminate Them from The Heavy […] Read more »

5 More Killer Ways to Make Money Even in This Economy

In my first “5 Killer Ways to Make Money” article a while back, I showed you 5 things you could do to earn extra money to pay off debt, invest, catch up on bills, etc. I truly believe that no matter how good or bad the economy is, there are plenty of great ways to make extra money if you need it.  You don’t have to be a rocket scientist or a serial entrepreneur to find a way to earn extra money, you just have to be willing to break out of the 9-5 way of thinking and be a […] Read more »

The most useful money-saving sites online

money sites

In these times of widespread financial uncertainty in today’s economies, families across the UK, USA and Europe are worrying about how to keep on top of those everyday costs of living. With wage freezes and cuts the norm across many different sectors of the economy – private as well as public – millions of people have seen their household income squeezed over the last few years. Unemployment has of course been persistently high since 2008 and it seems as if there’s little prospect of a rapid turnaround in the economic outlook. With that in mind, it’s perhaps as important as […] Read more »

Pay the mortgage or credit cards first? Which do you let be late?

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Let me start off by saying: I hope you never find yourself in this difficult situation! Life gets really stressful when money is tight. People get sick, layoffs happen, and the household income drops due to unforeseen circumstances. When you find yourself short on cash, which do you let be late: The mortgage or credit cards? According to TransUnion, one of the major credit reporting agencies, more Americans choose to pay their credit card bills to keep from being late than keep a mortgage current. Is this wise? Let’s walk through a few scenarios to expose the pros and cons […] Read more »

Seven Boosters to Help Grow Your Income

grow your income

When was the last time you saw an upsurge in your income? I’m asking because I didn’t see any increase for years. I believed I’ve reached my earning peak and that was that. Until, we found ourselves in financial trouble. Then I realised three things: You can get far by making your money go further; You can get far by making more money; and You can get so much further by making more money and making your money go further. In fact, doing this you can go all the way to building serious wealth, and fast; be it by paying […] Read more »

Are Luxury Hotels Worth the Price?

Luxury

A car pulls up to a hotel, the owner gets out as a doorman removes the bags and a valet takes the keys and drives away.  Inside the lobby a well dressed person at the reception desk goes through the check in process while describing all the amenities the hotel has to offer.  Being able to stay at a luxury hotel where employees bend over backwards to do everything for you is portrayed as a symbol of pampering and wealth. But is it really all it’s cracked up to be? My wife and I spent the 4th of July weekend […] Read more »

Financial Advisers Seek Payment Protection Insurance Long Stop

insurance

Get your Kleenex out, another financial institution is crying about having to handle bogus PPI claims. Don’t get me wrong, bogus claims are a waste of time, fraudulent and clog up the system for genuine claims. But come on, banks, advisers, brokers and insurance companies spent the best part of two decades flogging over-priced, worthless and unusable Payment Protection Insurance – making over £50bn in the process – and now that a few people are trying it on they want huge changes in legislation? A desperate need The latest complaint comes from an independent financial adviser (IFA) who’s had to […] Read more »

I Love You Like a Blogger Roundup – 7/4

I’m away for the weekend celebrating the 4th of July in the great city of Chicago with some friends and family.  We had a great night last night at a dueling piano bar and having Chicago style pizza, and today it’s off to Navy Pier and the Dave Mathews Band concert.  We’ll wrap things up with going to Ribfest on Sunday….YUM!  How are you spending your 4th of July Weekend? Before we get into our usual fist pump routine, I wanted to mention that I had the honor of having a guest post published at mint.com this week.  I Don’t […] Read more »

Have We Learned To Use Credit Responsibly?

Using Credit

The thunder and lightning carrying on outside represented my struggle well. Two evenly matched forces were doing battle inside my head. The need to save money whenever possible, and my solid stance that using a credit card to pay for something should be avoided at all costs. Let me be clear, I do not think that credit cards themselves are evil. When used correctly, they can be a valuable tool in a person’s financial tool belt that can actually save money.   However, I have a huge problem with some of the business practices and policies of credit card companies. My […] Read more »