10 years ago, adjustable rate mortgages were all the rage. Both loan officers and real estate agents would convince naive home buyers that ARM loans were not only affordable but their only option if they wanted to own a home.
Their reasoning was that home values would increase, the home would build equity and new homeowners would then be able to refinance their loans before the rate would adjust in 5 years.
But home values didn’t increase and thus homeowners were left with an underwater mortgage they were not able to refinance. When their payments went up, they couldn’t afford the loans they agreed to pay and countless homes went into foreclosure.
Garage sales are a great way to clear out clutter and make a little extra money during the process. For shoppers, finding great bargains and haggling can make for an exciting weekend morning.
Garage sales held in the spring and summer months tend to do very well and with all of the free advertising options available, it’s easier than ever to have a successful garage sale. However, getting customers to your sale is only half the battle, you’ll also need to know how to price your items.
For most parents, back to school time is a wonderful time of year. The kids are out of the house learning and you’ve got some more time to get things done.
However, along with the freedom that comes from sending the kids back into the classrooms comes the burden of purchasing school supplies and back to school clothes. Kids tend to grow a lot over the summer and everyone likes to start the school year with new clothes which makes back to school expensive.
You know it’s important to have a big emergency fund, but with all of the different insurance policies available, you may not know why you need it. While it’s always nice to have cash on hand if you’re faced with a crisis, having an emergency fund can actually give you the freedom to cancel some insurance policies and add the monthly premium to your emergency fund.
With changes to the healthcare laws and the implementation of the Affordable Care Act, many people are finding their prescription drug coverage being slashed in half.
Like every other household cost such as food and clothing, most people don’t have an unlimited budget for prescription drugs. Elderly people and those on a fixed income including families with young children often find themselves choosing between their prescriptions and putting food on the table.
You already know that couponing can save you a lot of money. But you just don’t have the time or energy to hunt out the best coupon, clip them and fumble through the checkout lines at the grocery store.
If that sounds like you, a mobile coupon app can help you get the savings you want with far less effort than traditional methods of hunting, clipping and saving coupons.
In order to keep me motivated I’ve decided to start keeping track of the progress of my blog. I’ve been blogging for about 10 years and this site has seen its ups and downs. It’s gone through periods of neglect and a had a resurgence or two. Hopefully jotting down my stats can motivate me to keep working on this blog.
July has come and gone and it was a month full of great posts from other finance bloggers. Here are my favorite posts for the month.