Being in debt has been normalized for many of us. Mention that you’re swimming in it and the response is always “who isn’t?”. We have been conditioned to believe that having debt is something we will always live with. I … Continue reading From Financially Clueless To Savvy in Under A Year!
I’ve heard many folks complain about their PMI and how it increases their monthly payments by $100 – $150. With some folks, it’s like the PMI has a bad rep. I think what they forget is that the PMI has … Continue reading PMI May Be The Reason You Are Getting Your Home!
My wife and I are about to enter the mortgage refinance market because we want to get rid of our private mortgage insurance (PMI). What gives us confidence in entering this market is the rate of growth in our equity, … Continue reading 5 Reasons To Refinance
You’ve found the home or your about to get started with your search but you are in the “crunching the numbers” phase and the question arises, should we pick a 15 or 30 year fixed mortgage? Well, there’s a lot … Continue reading 6 Things To Consider Between A 15 and 30 Year Mortgage
Whether you are a first time home buyer or you’re a pro at purchasing homes, your credit score will always influence your mortgage interest rate. As you know, your mortgage payments have 4 components to it and interest is one … Continue reading Keep A Close Eye On Your Credit Score…It Can Make Your Mortgage Very Costly
Ah, the age-old questions that has been ruining relationships since the dawn of time, who picks up the tab when you go on a date? Now, before I continue with this riveting topic, I want to make clear that this … Continue reading Opinion: Your Date Doesn’t Always Have to Pick Up the Tab
I’m currently 27 years old and I’m not yet a home owner. While some might consider it okay (including myself) I often debate whether I should be “throwing money down the drain” in rent or commit to buying a property. … Continue reading Property Taxes And The True Costs of Home Ownership
You may have heard or read from financial advisers and other blogs that your monthly rent/mortgage payments should be less than 30% of your monthly net income. This is great advice! Before you fall in love with the home or … Continue reading Don’t Fall In Love With The Home If It Costs Over 30% Of Your Monthly Net Income
The economy has bounced back since the ’08 economic crisis and one of the best indicators is the housing market. According to Zillow.com, the average home value has gone up by 7.4% in the United States. However, if you live … Continue reading Mortgage Programs and Grants For Public Servants, Including Teachers
If you’re in the market as a first time home buyer, this is one of the most intimidating and confusing experiences you could have if you haven’t done proper research. I can tell you that when we first purchased our … Continue reading Your First Time Home Buyer Checklist
Recently I had one of my really close friends ask me “so what exactly do you pay with a mortgage?” At first my friend thought that my insurance, taxes, and PMI were all separate and in addition to my mortgage, … Continue reading There are 4 Pieces to Your Mortgage Puzzle
Currently, I’m a home owner and I used to be a renter for many years. I’m not going to lie, there is plenty that I miss about renting an apartment. After you’ve removed and installed your own toilets, assembled 3 … Continue reading Buy Or Rent?
There is no secret sauce to managing your debt. If you have been following my posts this month, I have focused on debt management and I have written many tips, best practices and strategies I have personally used in my … Continue reading What It Takes To Become Debt Free
Let’s be honest, impulse buying happens to all of us, you, me, your abuela (that’s grandmother for all my non-Spanish friends.). I know personally, there is nothing I enjoy more than going to the mall on a lazy Sunday to … Continue reading Do You Really Need Those New Shoes?
Let me be clear up front, bankruptcy should literally be the LAST resort. However, when it comes to debt management and the debt crisis that exists in America, this is a real conversation many families are having. Before you consider … Continue reading Is Personal Bankruptcy 100% Forgiveness? Not exactly…
Truth be told, the facts and statistics I found related to this are disheartening. It makes me think about the political climate in our country, the ridiculous medical costs, and wonder why we are falling behind other developed countries in … Continue reading Unfortunately, This Is The #1 Reason For Personal Bankruptcy In America
This past week I was chatting with one of FinancialFluency’s followers and asked him for suggestions about a future topic he’d like for me to cover. He shared that he has credit card debt he’d like to payoff as fast … Continue reading How An Extra $50 Monthly Can Save You Thousands!
I’m sure that many of you have thought “WTF” when you saw the pathetic interest you earned from keeping your savings at your brick and mortar bank…this has been my thought for quite some time. Well, a couple of weeks … Continue reading I Ditched My Traditional Savings Account and Made 2,818% More The Next Month
Much like the rest of the United States, I too have student loans and can I tell you, they suck! It wasn’t until I got into graduate school that I found myself neck deep in student loans. See, I always … Continue reading How I Consolidated My Student Loans Into One Low Monthly Payment
Getting calls from your lenders and debt collectors is probably one of the most annoying experiences. I can say this because I personally experienced it once with a medical bill in college about 5-6 years ago. In general, our first … Continue reading Tips On How You Can NEGOTIATE With Your Lenders And Debt Collectors
You might be asking yourself why a blog that focuses on financial literacy is wading into the dark waters of the raging healthcare debate. Well, the real question is, how could we ignore it? When a single market segment accounts … Continue reading Your Money, Your Health: How The GOP Healthcare Bill Can Affect You
Don’t overlook a balance transfer. If you have credit card debt and are paying a ridiculous amount of interest this is actually a good strategy that could save you hundreds of dollars! A balance transfer is simple…you use the credit … Continue reading What Is A Balance Transfer? Should I Consider It?
Before I started to write this post, I gave myself some time to really think about this one…I couldn’t think of 1 good reason to keep my cable TV at an additional $100/month, including the rental of 2 cable boxes! … Continue reading We’re Saving $1,000/year By Cutting Our Cable TV
Just like many of you, I’ve got student loans to pay. Between my wife and I we owe about $140,000 (we both have bachelors and masters degrees). I owe $100,000 and she owes $40,000. Our repayment calculations are a joke. … Continue reading Snowball Method vs High Rate Method
Debt sucks. I know. Sometimes it feels like quick sand! You’re making progress by paying on time, paying the minimum payments and then the interest rates keep increasing your balance and you can’t seem to get a grip on it. … Continue reading Not All Debts Are Created Equal
Who doesn’t love raw, natural honey, I mean they call it the nectar of the gods for a reason, or maybe that’s wine…In any event, we can all agree that honey is good for you and tasty. So incase you’re … Continue reading Nothing Is Sweeter Than Honey
Managing debt is no easy or fun task. Becoming debt free and achieving financial freedom is the ultimate goal, right? Set realistic expectations for yourself because this will be a long and steep climb, but don’t become overwhelmed! Your … Continue reading Debt Doesn’t Define You
Over the past couple of weeks, I’ve talked to many friends and followers about their financial progress and their new goals. Having the conversation and recognizing the need to adjust your lifestyle and finances is a great start, but it … Continue reading How To Stay Accountable To Your Financial Goals
I’ve been in Florida for 12 years and coffee is a daily ritual. Even if I tried to cut coffee it isn’t an easy task because my wife is Cuban. Since I’ve been introduced to Cuban coffee, it has opened … Continue reading Here’s How You Can Still Drink 2 Cups Of Coffee A Day AND Save Money!
I’m embarrassed to share this, but there is a strong savings and budgeting lesson here from personal experience. So, here I go… Late last year, my lovely wife introduced me to UberEats. I didn’t find too much value in it … Continue reading UberEats Is Killing My Budget