Tag Archives | Mortgages

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How Much Should I Spend on a House?

Of all the spending decisions you make, housing is the most important one. It’s probably your biggest expense, so it’s essential to get it right. Doing so is one of the most important keys to being able to live generously, save and invest adequately, and live with financial margin and peace of mind. How Much of a […]

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House on suburban street with 'For Sale' sign in foreground --- Image by © Royalty-Free/Corbis

Housing: Getting Your Single Largest Expense Right

Housing is most people’s biggest expense.  That’s why, of all of the expenses we each have, it’s essential to get our housing costs right.  It’s one of the most important keys to being able to be generous, save and invest adequately, and live with financial margin and peace of mind. Here’s how to spend smart […]

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Five New Financial Normals

Writing about the “new normals” brought on by the Great Recession has become, well, a new normal for many media outlets.  Adding to the conversation, Fortune magazine has come up with five new normals that it believes really will stick.  Here they are, along with my thoughts. 1. Long-term unemployment.  For those who have jobs, […]

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Help for Home Buyers

If you’re in the market to buy a house, there are two resources I came across recently that I recommend.  First, the book Mind Your Own Mortgage has a lot of helpful advice, especially author Robert Bernabé’s recommended process for finding the lowest-cost mortgage.  By that, he isn’t talking about interest rates or monthly payments.  […]

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Does Your Home Own You?

Garrison Keillor once joked that when people are young they often dream about being painters or poets, but the single biggest destroyer of all such romantic career notions is a 30-year mortgage.  Get one of those, he said, and you’ll chain yourself to an eight-by-eight cubicle for the next 30 years as you labor to […]

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Your Life is an Open Book

It sounds like a horrific scene out of some sci-fi movie set decades down the road – lots of computer databases filled with lots of information about…you! But it’s not some fictionalized account of the future; it’s today’s reality. As described in Consumer Reports, information about your use of credit, insurance claims, medical history, and […]

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Car Loans Gone Crazy

America is a car-crazy culture. Consider these statistics from a recent Minyanville article. In 1970 there were 529 cars per 1,000 people in the U.S. Today there are 765 cars per 1,000 people. The number of cars per person in the U.S. is 40 percent higher than in Europe, 500 percent higher than in China, […]

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