Archives for April 2013

Budget Friday: Submission 9 – Final!

And we're back with the final budget for Tom's Epic Law School Adventure! If you didn't check out the initial post, Tom is an aspiring law student who has a set budget, and has to live cheaply in New York City. Like, on only about $2,200 a month! YIKES!!! Since I've never been to New York (or law school, for that matter), I put a call out to my AWESOME READERS for a suggested budget, and got some great responses. I then put those suggested budgets up for a vote, and now we have a winner! DRUMROLL PLEASE!!!!! And the winner is.....Caitlin! Thanks you ALL for your submissions, and each one … [Read more...]

Need A New (To You) Car?

Need A New (To You) Car?

Well, if you don't know my position on new cars, read up on it here. Needless to say, I believe that buying a new car is the single best way to ensure you are going to be in debt FOREVER. Not to mention you are throwing money at something that just eats it for breakfast and never gives it back. I am a proponent of finding a great used car to buy, and then shaking the hand of the fool that subsidized your purchase by purchasing the car new after buying it for super cheap :) How Do You Find A Good New (To You) Car? There are several ways to find a good used vehicle. You can search online, you … [Read more...]

Budget Friday Voting!

Budget Friday Voting!

  This past Friday I did something unique for the Budget Friday series. I asked the readers of this blog to help out Tom, an aspiring law student, with his budget for living cheap in New York City while going through law school. A few of your stepped up and gave some awesome suggestions. Thank you for that! For those that entered, I am putting it to a vote to elect the best grad. school budget for Tom to use, and the winner receives a $25 Amazon gift card! Below are the budgets submitted: Mom of Two Prescious Girls’ Budget Entry No work in the 1st year of law school is normal … [Read more...]

Ask The Readers: Budget Friday Submission 9

UPDATE: Contest extended until the end of the day! Get your budget submission in now for a chance at a $25 Amazon gift card! Happy Friday everyone! Thanks for dropping by iHeartBudgets for a unique edition of Budget Friday! If you're new to Budget Friday, check out all the other episodes HERE. Basically, readers submit their budgets for an EXTREME makeover to get them to reach their financial goals faster and start enjoying their money instead of hating it. Today's edition I want to bring in YOU, the readers, for some help. I've mulled it over in my head, and have come up with a basic … [Read more...]

How To Use Christmas Lights Year-Round (Without Being A Redneck)

How To Use Christmas Lights Year-Round (Without Being A Redneck)

We have a neighbor that not only leaves their Christmas lights up year-round, but uses them every night. Michelle wants to take a BB gun to each and every light. Wrestling the gun out of her hands, I explain to her that there's isn't a cure for redneck, and that they probably have bigger guns, so we should probably just let it happen and drive another road home as not to insight instant rage. Sure, they may or may not have big, dead trucks parked in their lawn as well, but you know, it's their prerogative, and since they are not living in our direct neighborhood, our house will not feel the … [Read more...]

Should I Pay Off My Mortgage Early?

Should I Pay Off My Mortgage Early?

Let's chat a little bit about mortgages, shall we? Made popular in the U.S. in the depression days ("depression", not "recession"), mortgages are a fairly recent concept for Americans. Before that, YOU ACTUALLY HAD TO HAVE THE MONEY TO BUY A HOME! WOW! No, seriously. You didn't own a home unless you could buy it in full. Crazy, right? But mortgages were introduced to help out wanna-be homeowners get into a house without having the full amount right away. Though, these were much more conservative than out modern mortgages. You were typically required to pay 50% down, sometimes more, and the … [Read more...]

Don’t Buy A House For The Tax Deduction

Don’t Buy A House For The Tax Deduction

Ok, I know I already wrote a post about how tax deductions are a bad investment, but I think the "mortgage interest" tax deduction deserves its own hate post. Now, I know I will probably get a lot of flak on this one, but I really don't care at this point. So here goes: Radio Ads Not sure if I've said this one before, but I ABSOLUTELY CANNOT STAND RADIO ADVERTISING!!! So, as usual, I found myself driving home and yelling at the radio because that's what perfectly rational people do when they disagree with a piece of electronic equipment. It was an advertisement for buying some sort of custom … [Read more...]

Budget Friday: Submission 8

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 they can have. Today's budget is an anonymous submission by Adam. Background: Adam is a graduate student working his way through school (GO ADAM!) and reached out to help get his budget sorted out so he can move to a better locale and not have to take on any debt to do so. I know it's common … [Read more...]