Search Results for: blog are you ready to buy a home1

Are You House Poor?

When it comes to buying a home, there are so many emotions and dreams wrapped around this purchase that it can become difficult to make a level headed decision. Many people have their dream home already in their minds, and it can be frustrating to realize that you may not be able to afford every feature that you want right away. You may be tempted to go over your original budget, but be careful because you do not want to end up house poor. Being house poor means that you are putting too much of your income into your house, … Continue reading →

Are You Managing Your Money or Is It Managing You?

Do you manage your money or does it manage you? Stop and really think about that. Do you decide where your money goes? Does your money work for you? Do you make enough on interest and other forms of income that you could stop working today? Of do you work for your money? Do you worry about meeting your minimum payments each month? Are you making interest or paying interest? The way you answered these questions really reflects the way you feel about money. If you are in a lot of debt or can barely pay for your necessities, your … Continue reading →

Is It Better to Buy Top Quality Items or to Save Money?

It can be difficult to choose spending a lot more money on a high quality item over saving money on a lesser quality one that can do the same job. This is a debate that my husband and I have frequently. There are times that he wins (he likes to get the high quality items) and times that I win (I don’t like to spend money unnecessarily on extra features we will never use). It really comes down to what we expect out of the product, how often we will use it, how long it will last, and how much … Continue reading →

Asset Allocation Chart

I received the coolest chart in the mail today from T. Rowe Price, so I had to share. They call it their Asset Allocation Chart; it is a quick tool to help you decide how to manage an investment portfolio depending on the timeframe you will need the money. What I liked in particular about this simple chart, was it went beyond the basic retirement portfolio and offered some advice on shorter-term investments as well. If you are not already an account holder at T. Rowe Price, I am sure you could call them to have one sent to you. … Continue reading →

Money Week in Review: May 1-10

There have been several topics covered over the last two weeks in the money blog. Here is a short summary of each blog. In Five Changes When You Go From Two Incomes to One Income we learned about the changes you would need to make in your financially planning. This included retirement options, insurance coverage and looking at how much you will need in your emergency fund. In Save Money on Medical Bills we learned an easy way to cut down your medical costs. It is important to closely check what you are being billed for. This also explained the … Continue reading →