Subscriber Swap Saturday: No Debt Plan

December 6, 2008 by  
Filed under Blog

Today Mr. ToughMoneyLove wants to introduce my readers to another personal finance blog that I like to read, No Debt Plan.

No Debt Plan is about getting and staying out of debt with a plan.  Kevin, the author, is passionate about budgeting, saving for the future, and using goals to reach financial freedom.  You can subscribe to his blog by RSS or email.

This is the second Subscriber Swap Saturday that Kevin has run.  The basic idea is to get the subscribers of one blog to subscribe to the other blog for at least a week, just to try it out.  After a week if you don’t find that blogger’s content enticing, drop it.  The hope is that over time you will find several writers that you weren’t familiar with that provide meaningful content to you.  (You can read more about Subscriber Swap Saturday at his blog.) 

I had a chance to interview Kevin to briefly talk about himself and his blog:

Read more


Taking on the Lighter Side of Economic Bad News

December 4, 2008 by  
Filed under Blog, Money and Behavior

A long time friend sent me an email yesterday with a compilation of questions and answers pertaining to recent economic events.  Because these questions are of such high importance, I thought I should interrupt my normal flow of personal finance opinions, commentary, and information so that you could read them yourself. 

Please note that I am not able to identify the source of the answers (or even the original questions).  Therefore, Mr. ToughMoneyLove cannot vouch for them in any way.  That being said, please enjoy: Read more


Media-Types Struggle to Get on the Same Economic Page

December 1, 2008 by  
Filed under Economics, Spending

I was amused and intrigued by Sunday’s print edition of our local newspaper.  The business section featured four articles under the following headlines:

“Foreclosure Wave Hits Malls”

“Big Players Scale Back Charitable Donations”

“Global Crisis Jolts Tourism in Caribbean”

“Companies Whack Pay Raises, Bonuses”

Definitely a doom and gloom article collection wouldn’t you say?   This selection came from a newspaper with a definite liberal editorial staff.  (By they way, when did organized crime slang like “whack” become a mainstream media headline verb?) Read more


Beware the Cash-Out Re-Fi

November 28, 2008 by  
Filed under Loans and Borrowing

This has been a good news week for homeowners looking to re-finance their mortgage loan into a lower rate.  Mortgage interest rates fell sharply this week following more rescue actions by the government.  The average interest rate for a fixed 30-year mortgage loan dropped to under 6%, a seven week low.   Mortgage loan re-financing activity has already picked up.   Unfortunately, re-financing a mortgage loan also creates a substantial risk that the borrower will end up with a larger loan balance.  Read more


Want to See Money Waste? Attend an NFL Game.

October 28, 2008 by  
Filed under Money and Behavior, Spending

Mr. ToughMoneyLove went to the Titans vs. Colts game last night.  I enjoyed it immensely, as my family members have been fans since the team moved to Tennessee.  Even though I have been to many games, I still come away in wonderment at the money folks spend at the stadium.  Some (including me) would call many of those expenditures pure money waste.  Read more


The Fallacy of Using a HELOC as an Emergency Fund

August 5, 2008 by  
Filed under Debt and Credit

Is a home equity line of credit (HELOC) suitable as an emergency fund as many suggest?  Some of today’s news confirms my belief that it clearly is not suitable.  Let’s discuss, shall we ….. Read more