Investing Hiring

Raising Deductibles to Save Money on Insurance: Does It Work?

One common, painful bill that we all face is the insurance bill. Whether you’re talking renters insurance, home insurance, or car insurance, the bill feels painful because it’s not something we can often directly see the benefit from. It just comes in handy when something goes wrong. Compare Home Insurance Quotes Find the Best Home […]

Investing Hiring

APR, APY, and Mortgage Math: A Real World Example

I have lots of readers here in the central Iowa area, so it came as no surprise to me that when I began hearing an ad frequently on local radio advertising a particular mortgage product in terms that were a bit on the confusing side, I received an email about it. Jim writes in: I […]

Investing Hiring

Home Mortgage Rates Are Low: Should I Buy?

This past week, mortgage rates hit a new record low, bottoming out at a 3.79% average for a 30 year loan. A fifteen year mortgage is now at 3.04%. This is compared to rates that were 4.64% and 3.82% a year ago, respectively. To put that in perspective, if you have a $200,000 home loan, […]

Investing Hiring

“House Poor” Versus Controlling Your Own Destiny

Anyone who’s been awake to watch the changes in the economy over the last five years is familiar with the burst of the housing bubble. Too many people were given mortgages that were bigger than their budgets could handle and when those people couldn’t pay, the banks that offered those mortgages were in serious trouble. […]

Investing Hiring

Is Home Ownership Worth It?

Megan writes in: “My husband and I are looking at purchasing a home next year. My parents and siblings think this is a great move and are giving me info on buying a home and how great the investment is. His family is adamantly opposed and they say that homes are a money pit that […]

Investing Hiring

The One Hour Project: Do Some Preventative Maintenance

Preventative mainentance is a phrase that makes many homeowners’ eyes glaze over. For many busy people, there’s nothing more boring than going around your house doing various tasks that seem to not really be fixing anything. On the other hand, look at the tale of my hot water heater. It’s about ready to go bad […]

Investing Hiring

Does It Make Financial Sense to Consider Moving?

My recent career change means that I now have the freedom to write from wherever I happen to be. Similarly, my wife can pretty easily find work in any sufficiently-sized town – her skill set and resume would make her an attractive candidate pretty much anywhere. Given that we currently live in one of the […]

Investing Hiring

A Guide to Winterizing Your House

Winter is approaching and in much of the United States, that means very cold temperatures, snow, and ice. Here in the upper Midwest, it gets particularly nasty: we had some amount of ice or snow on our driveway nonstop from October to April last winter. As a homeowner, this change in the season means one […]

Hiring Investing

Some Thoughts on the Small House Movement: Is It Something Worth Considering?

Over the last week, several readers have written to me with various comments, suggestions, and questions related to the so-called “small house movement.” Given that it’s a great way to save money (as I’ll discuss below), I thought it’d be worthwhile to investigate the movement in detail. What is the “small house movement”? From the […]