Credit
We Refinanced!
TweetIf you’re new here you may want to sign up for my weekly newsletter. Thanks for visiting!Yay! I refinanced my house last week. All those signed papers lowered my interest by almost 2 points and reduced my mortgage payment by $332. Of course part of that reduction is from stretching out the term for another 12 years. [...]
Skipping the Mortgage Payment to Pay the Car Loan?
TweetI read this article the other day about the order in which people pay their bills, or rather, the order in which they do not pay their bills. Historically, when money gets tight the credit cards are the first bill not to be paid. Then the car payment and lastly the mortgage. In [...]
We Applied for a Mortgage Refinance
TweetWell, after much discussion and back and forth we finally applied to refinance our mortgage! We have a rate of 3.875% locked in and we have submitted all our paperwork so now we wait and see what they have to say. We first looked into refinancing back in October. At that time they told us [...]
I’M DEBT FREE!!! (except for the mortgage)
TweetWell, we did it! On Feb 1st we paid off our last chunk of consumer debt. It feels good. I would love to tell you a story of us getting mad at our debt and making a huge lifestyle change. I wish I could walk you through the daily grind of sacrifice and debt repayments. I wish [...]
How Loans Work
TweetThe other day we talked about different kinds of loans. I thought I would keep up this loan trend and debunk a myth I hear quite often. I hear people say that the interest on a loan is loaded on the front. Basically that you pay all the interest of a loan first, and then [...]
Different Types of Loans
TweetYou might think that borrowed money is borrowed money. It’s all the same, right? Well, there are actually a few different kinds of loans out there. Today I’m going to review the different types of loans. Installment A good example of an installment loan is a car loan. You borrow a set amount of money one [...]
Dave Ramsey Financial Peace University Review
TweetI just finished Dave Ramsey’s Financial Peace University. If you aren’t familiar with the Dave Ramsey Financial Peace University classes it is a 13 week program. You meet once per week for 2 hours. I reviewed all 13 classes over at Enemy of Debt. You can read any of those reviews by clicking the links [...]
Are Credit Unions Better Than Big Banks?
TweetWell, I’m back from vacation. I spent the holiday weekend in Jackson Hole Wyoming at my Dad’s Bed and Breakfast. It was wonderful. We had 15 people for Thanksgiving dinner and lots of snow. It was only the second time my kids have seen snow and the first time they’ve seen it actually snowing, so [...]
The Difference Between Credit and Debt
TweetAs you may know I’m currently taking the Dave Ramsey Financial Peace University classes. (I’m doing weekly reviews of the classes over at Enemy of Debt) In general I like Dave’s message and I’m basically a fan. But there is one big area where we disagree. The Credit Score. He doesn’t think it’s important to have a good credit score. I [...]
A Credit Card Christmas
TweetI was in an elevator a few days ago with two guys. They were friends and I walked in half way through a conversation. One guy was telling the other how the hotel had charged something to his room and that he was going to have to go to the front desk and pay cash [...]
