Archives for November 2012

Mortgage Refinance Completed!

Mortgage Refinance Completed!

Remember when I told everyone why we weren't refinancing our mortgage? And then I ate my words by posting about our upcoming mortgage refinance? Well, good news, ladies and gents! Our mortgage refinance has finally closed, and there were NO ISSUES! Yes, really, it was as smooth as the other side of the pillow (wait, what's the saying again?). Either way, it was awesome, and now we're saving $200 a month! Here's the breakdown: October 5th: Contacted the mortgage broker who I was referred to and discussed our options. We decided to go with the FHA Streamline refinance because our house … [Read more...]

Our First Budget Story

Our First Budget Story

It was about 4 1/2 years ago that Michelle and I sat down for the first time with a paper and a pencil to create our first budget just before getting married. Now, up until this point, we had kept our finances separate, which I think was a good idea, but now we were engaged and about to start our life together, so I wanted to make sure we were on the same page financially. This was a MUCH more difficult task than I had originally thought. Shame Now, having counseled a few people and helped them get on a budget, I now know that one of the toughest steps of starting a budget is writing … [Read more...]

Thanksgiving

Thanksgiving

As we approach one of the biggest national holidays in the U.S., my Facebook page has been flooded with family and friends talking about what they are thankful for in their lives. My sister in particular has been doing this daily and it really has gotten me thinking about what I an truly thankful for in my life. And though I am truly grateful for everything we have been blessed with in our lives, there are a few that stand out over the past year of our lives: Having a son. Not to state the obvious, but I am truly thankful to have been blessed with a baby boy. What a true joy it is to watch … [Read more...]

Black Friday: The Saddest Day Of The Year

Black Friday: The Saddest Day Of The Year

If you want to witness sadness and the total consummation of the human soul with materialism, stop by your local Best Buy or Wal-Mart sometime this week before Thanksgiving. News sources in California and Ohio are already reporting that a line of people has started forming for the Black Friday door-buster deals. Yes, today is Monday. Yes, there people are foregoing a national holiday to save a few hundred bucks on a friggin' laptop or camera. Yes, this should probably make you ashamed of what America has done with Christmas, especially the opening day of shopping season. But year after year, … [Read more...]

Budget Friday: Submission 5

Budget Friday: Submission 5

Hey everyone! Welcome back to another episode of Budget Friday. This is seriously my favorite parts 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 they can have. Today's budget is from Kim from the site Eyes on the Dollar. Kim age 38, husband age 42, daughter age 5 Background: Kim is selling her optometry practice and will receive a net sum down payment of $84,500. w00t! Nice work on building a successful practice and selling it off … [Read more...]

First Cruise Ship? 5 Big Ticket Items To Watch Out For

First Cruise Ship? 5 Big Ticket Items To Watch Out For

Have you ever wondered why you can get cruise ship tickets so darn cheap? I mean, just hop on over to cheapcruises.com and see all the awesome and ridiculously inexpensive deals you can get on Bahamas and Caribbean cruises. We were able to secure our 4 night cruise to the Bahamas for only $249 per adult. I know what you're thinkin', pretty flippin' sweet, eh? (what am I Canadian now?) And though it looks good on paper, there were a LOT of expenses I didn't really consider, so I want to tell you about them before you go on your cruise ship. Taxes and Fees and Fees and Taxes. Before we even … [Read more...]

What To Expect In A Financial Advisor

What To Expect In A Financial Advisor

The following is a guest post. To learn more about guest posting on iHeartBudgets, please contact me. AverageJoe was a financial advisor to about 150 families for over 15 years and managed around $60M. Now he writes at the creatively named “Average Joe’s Money Blog” and is co-host of the Two Guys & Your Money podcast. Check out his show on iTunes. What to Expect in a Financial Advisor Uncle Joe’s Story Hour: Mary had always wanted a financial advisor. It sounded great....working with a pro. She told me six months ago her story: “I imagined someone who would kind of hold my … [Read more...]

Not All Budgets are Created Equal

Not All Budgets are Created Equal

The following is a guest post. To learn more about guest posting on iHeartBudgets, please contact me. I remember it like it was yesterday. Once a year, every year, my kind older lady of a boss would come around asking each of us what we needed. Necessary or not, she was looking for expenses because our company’s budgeting process encouraged end-of-year spending. I could tell that she was not a fan of budgets. At first, I thought it was great that at a certain time of the year we could get anything we “needed” in the office, but I soon learned this came at the cost of wasteful spending. I also … [Read more...]