Archives for October 2012

5 Ways Not To Get Screwed When Financing A Car

The following is a guest post. To learn more about guest posting on iHeartBudgets, please contact me. The other day, I was reading Jake's article, Things I Couldn't Do If I Had A Car Payment, and as soon as I read it, I thought about my little sister. She can't stand her ‘99 Buick. Unfortunately, she's dubbed it the pimp-mobile and has promised to trade it in. I've told her to sell it on Craigslist but, she refuses. So, I've given her a list of rules to follow when she finances her next car. 5 Ways Not to Get Screwed When Financing a Car #1 Know what you want before you get there. Most … [Read more...]

How To Create An Emergency Budget

How To Create An Emergency Budget

Any good financial coach or writer will tell you that one of the first things you need to do when you start taking control of your finances is to build up an emergency fund. I wrote about what an emergency fund is and what to use it for here. To sum it up, your emergency fund is for unexpected expenses that pop up due to unforeseen circumstances. When those circumstances arise, you can then decide to tap into your EF. When a circumstance arises that has long-term financial consequences, you may also need to resort to switching to your emergency budget. What Is An Emergency Budget? An … [Read more...]

Things I Couldn’t Do If I Had A Car Payment

Things I Couldn’t Do If I Had A Car Payment

I hate car payments. With a passion. If you haven't noticed, I don't write about the best way to finance your car, which lease is the best option, or how to pay off your car loan with your home equity line of credit that you pulled out just before the housing bubble crashed, securing your car debt to your home, which you promptly wrecked while texting on your $100-a-month data plan phone that you bought with payday loans, causing you to lose your car, house and legs, all because you could buy a new car with a 0% interest. Nope, I don't write about that stuff, because I don't think anyone … [Read more...]

How We Survived On $14 An Hour

How We Survived On $14 An Hour

Michelle and I got married after 3 years of dating long distance. I know, it sucks. But we were pretty flippin' stoked to start our little life together, get an apartment and live in married bliss. That was all well and good, but about a month before we got married, I realized something. We needed a budget! Up until that point, I have been "budgeting" for about a year, keeping track of everything I spent on a sweet excel spreadsheet that Michelle had create in her "World of Math" class her first year of college. But what I realized was that I was not truly budgeting, but just keeping track … [Read more...]

Naked Lady Party: The Ultimate Guide To Having A Clothing Swap

Naked Lady Party: The Ultimate Guide To Having A Clothing Swap

Today's post is brought to you by Michelle, a frugal rockstar! (and my WIFE!) :) As you may have read, money is a little tight over in the iHB household.  We are stretching just to PAY OUR BILLS so when it comes to buying clothes we pretty much rely on Christmas and our birthdays.  Poor Jake, his birthday is a week after Christmas (New Year’s Eve people! Think about that when you're celebrating this year, you're really celebrating his birthday ;D ), so he only really gets clothes once a year.  My birthday is in April and my mom usually gives me a mother-daughter shopping trip for my … [Read more...]

How To Kill Financial Temptations

Financial temptations are everywhere. Don't believe me? Just flip on your TV for more than 15 seconds. Heck, even if a commercial is not on, product placement is all over your favorite show, even if you don't notice (though lately, it's blaringly obvious to the point where Michelle and like look at each other, roll our eyes in disgust, and even chuckle a bit at how over the top it is. I mean, seriously, almost every episode of two of our favorite shows have at least one full on advertisement for cars, delivered by the cast, trying to act like it's part of the original script. It really is … [Read more...]

Budget Friday Submission 4

Budget Friday Submission 4

Hey everyone! Welcome back to another episode of Budget Friday. This is seriously my favorite part about personal finance, the chance to help others get on a budget, get out of debt and reach their financial goals. I love showing the power of a well-thought out budget plan and the long term results it can have. I really want to convince everyone to get on a budget, even Jeremy from Modest Money (yup, totally calling you out, dude ;) ). I think I have decided that by default, all submissions will be anonymous unless otherwise specified, so if that was any bit of a deterrent to sending your info … [Read more...]

Our Mortgage Refinance

Our Mortgage Refinance

You may remember, a long time ago in a galaxy far, far away, we wrote a post about the impossibilities of refinancing our underwater home. After being beaten down by the radio ads over and over again, I finally decided to call a few of the lenders to see if they were able to help us take advantage of these historically low rates! As you read, this did not work out well, as one place said they couldn't do our refinance because of my mortgage insurance, and the other place said we couldn't save any money because of the increase in mortgage insurance. We ran the numbers and posted about how it … [Read more...]