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:

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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


Consider this Likely Future Tax Benefit of Early Mortgage Payoff

Mr. ToughMoneyLove has participated in many online debates among readers of personal finance blogs and retirement planning message boards.  A frequent topic of debate is the wisdom of using available free cash flow to invest or instead to make an early payoff of an existing mortgage loan.   I am not a fan of debt generally but I do respect logical arguments supporting overall wealth building in combination with reasonable debt used to purchase an appreciating asset, such as real estate. Read more


Ten Warning Signs of a Normal Financial Life

August 13, 2008 by  
Filed under Money and Behavior

If you ever listen to Dave Ramsey, you know that he acknowledges that what he teaches is “abnormal” compared to the “normal” financial behavior we see engaged in by a substantial majority of American consumers.  I don’t agree with everything that Ramsey preaches but his statements about normal financial behavior ring true to me.

So, I have compiled my own list of ten signs or indicators that someone is engaged in bad financial and money behaviors that are now, unfortunately, considered normal.  These are not in any particular order of significance.  You may have others to suggest.
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Are Defaulting Homeowners “Victims”?

On my ride into work this morning, a radio host was interviewing the director of the New Jersey animal shelter where the recently famous forty-four pound cat “Prince Chunk” is now living.  When the host inquired as to how the fat cat happened to arrive at the shelter, she was told that the cat’s owner was a victim of foreclosure and had to abandon the monstrous feline. Read more