Temporary Downsizing?
by Gary Foreman
We're wondering if we should sell our house. Our mortgage payment is $1,030 a month--no problem when we were both working full time. Now that his income has been drastically reduced, the mortgage feels very steep. What about selling the house, using the equity to pay off our $20,000 second mortgage, and moving into a place that costs less per month?
Money And Integrity
by Chris Peruzzi
Have I mentioned to you that I'm monetarily motivated? No? Well, I am. Believe me, I know that about 80% of my problems could be solved with cash and I am not above saying so. However, I am also a great believer in personal...
Household Math™: Pizza Deals
by Scott Bilker
Ann and Sharon are good friends each with a son that has the same birthday. They're going to have a birthday party for both of them together and decide to serve pizza. There are three sizes available small (11 inch) for $7.95, medium (15 inch) for $12.95, and jumbo (17 inch) for $16.95. Which size pizza is the best deal?
Equity Used For Down Payment
by Scott Bilker
My husband and I want to buy a home being built in a new development. Our present home worth $260,000 has no mortgage except a $30,000 home equity loan. We need about $15,000 down payment for the home being built. Should we open a home-equity line of credit to pay the down payment? If not, where is the best place to get the $15,000?
Signs of Wealth
by Gary Foreman
Everyone from songwriters to psychics to traffic engineers will tell you that it's important to 'read the signs'. And they're right. Take driving for instance. Traveling without signs would be difficult and dangerous. Our financial affairs are another type of trip that requires watching signs. To help us avoid trouble and make progress towards our goals. So let's take a look at some common financial road signs.
Household Math™: A penny paid is more than a penny earned
by Scott Bilker
How much is a penny really worth? When it comes to repaying debt it is certainly true that every penny counts! Say you have a $100,000 mortgage at 7% for 30 years. The monthly payment is $665.30. How much money would you save by adding just one cent to your monthly payment?
Living On the Edge
by Doris Dobkins
What is your lifestyle like? Do you sometimes feel like your finances are out of control and you are living on the edge? Our lifestyle today has become one of "buy and charge". Society pounds this message incessantly, wherever you turn. It is even easier for us to make money than to keep it.
DebtSmart Email Newsletter: 10/9/02
by DebtSmart Email Newsletter
In This Issue; Cool Quote; Letter from the Publisher; Equity Used For Down Payment; Household Math™: A Penny Paid is More than a Penny Earned; Survey: Lending to Friends Living on the Edge Toy Teaches Kids to Save Signs of Wealth Eight Steps to Tackle the Money-Saving Process (Part 5) Your Agreements Show Your Integrity; DebtSmart Resources; Subscribe/Disclaimer Information
Survey Results: Lending to Friends
by Scott Bilker
This is always such a tough call. What do you do when your friends ask for money? If they don't repay are you angry about losing the cash or the trust you had in your friend's promise?
Your Agreements Show Your Integrity
by Michael Angier
Except for disease and climatic disasters, I believe that over 90 percent of the world's problems result from people not keeping their agreements. Think about it. From countries to corporations to families and...
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