So many of us are on a journey of getting out of debt, investing and saving so that some day we can get to the point where we have wealth. The question is, why do we want to build that wealth? Are we building wealth just for wealth’s sake, or do we have goals […]
Personal Finance Bible Verse Of The Day: Parable Of The Rich Fool
Someone in the crowd said to him, “Teacher, tell my brother to divide the inheritance with me.” Jesus replied, “Man, who appointed me a judge or an arbiter between you?” Then he said to them, “Watch out! Be on your guard against all kinds of greed; a man’s life does not consist in the abundance […]
How Much Extra Will I See In My Paycheck Because Of The 2009 Economic Stimulus Package?
credit: katmere What Benefits Will I See From The Stimulus Bill? The last week or so I’ve been looking at the 2009 Economic Stimulus bill that was passed, and talking a little more in depth about what some of the benefits are that people can expect to receive. We talked about home buyer tax credits, […]
Pay Off Your Home Mortgage Early! Pros And Cons Of Having A Paid For House
After having gone through several financial planning books and a financial planning class, one thing we’ve been considering doing for a while now is paying off our home early. There are a lot of pros and cons to paying off your home mortgage early, and today I thought we could examine what some of them are. […]
Sales Tax Deductions For New Car Buyers in 2009 Obama Economic Stimulus Package
Buy A New Automobile, Get A Deduction! Earlier this year President Obama signed into law the economic stimulus package. I posted about how individual taxpayers are affected by the stimulus bill, and looked at some of the things they can expect to receive. One of the things added to the bill was a temporary provision […]
Video: The Crisis Of Credit Visualized
The current economic downturn that we’re experiencing can be quite overwhelming at times. It’s tough to understand, and when people try to explain, it’s easy to get lost in all the details. I found a video online that does a good job of looking at the current credit and housing crunch, and explaining how it […]
First Time Homebuyer Tax Credit of $8,000 in 2009 Economic Stimulus Package
Stimulus Package Good For First Time Homebuyers The 2009 Economic Stimulus Package passed and was signed into law earlier this week. On Wednesday I posted about what parts of the stimulus bill will affect individuals, and what benefits you can receive from the stimulus package. Today I thought I’d take a closer look at one […]
How The Stimulus Package Will Affect Individuals: What Will I Get?
The 2008 Stimulus Bill Has Passed If you’re looking for details about the 2020 coronavirus stimulus package, please had on over to this other post about 2020 stimulus checks. Now that the $787 billion stimulus package has passed and been signed into law by President Obama, everyone is scrambling trying to figure out what they’ll […]
Conventional Wisdom: Invest 15% Of Yearly Income Once You Are Out Of Debt
There is conventional wisdom that you should save and invest 15% for retirement. Where does that come from and will investing that much be enough for you?
Why You Should Save 3 To 12 Months Of Expenses In Emergency Savings
The large emergency fund or contingency fund is an important part of a good financial plan. Here’s why you should save 3-12 months of expenses.
This Frugal Blogger is Spending a Ton Of Money On Valentine’s Day
This Valentine’s Day you won’t be seeing any of those “10 Ways To Be Frugal On Valentine’s Day” posts on this blog. The reason? We’re not going to be frugal this year. We’re just going to go all out, and have a good time regarless of the cost. We’re going to spend whatever it takes […]
Pay Off All Debts Smallest To Largest Using The Debt Snowball
The debt snowball has been touted as one of the most effective ways for people to pay off debt. Here’s how it works, and some pros and cons
Personal Finance Bible Verse Of The Day: Repay Your Debts
It is better that you should not vow than that you should vow and not pay. Ecclesiastes 5:5 This verse could be seen to apply to our current times quite well. With our current housing and foreclosure crunch people have been taking out loans left and right, making vows to repay, and then not repaying. […]
$1000 To Start A Small Emergency Fund: Is It Enough?
Some financial gurus suggest that you save $1000 for an emergency fund before getting in to hardcore debt reduction. Is it enough?
