Interest Rates Are Going Up, Should You Refinance Your Mortgage?

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“If I refinance my house today, I could save an entire percentage point in interest! It’s a no-brainer, right?!”

Ummm…not necessarily….

Just because you can save 1% on something doesn’t automatically mean it’s a good idea, ESPECIALLY when there’s an up-front cost of doing it.

Should You Refinance Your Mortgage?

Just a few months ago, rates for a 15-year and 30-year mortgage were 2.7% and 3.4%, respectively. Today, since the Fed has decided to raise the interest rates, mortgage rates have followed suit and stand at 3.18% and 3.95%.

So the big question is: With mortgage rates on the rise, should you refinance your mortgage?

Well, just like almost every decision in this world….it depends….

How Much Does It Cost to . . . → Read More: Interest Rates Are Going Up, Should You Refinance Your Mortgage?

4 Ways to Make Saving Money More Fun

make saving money more fun

I remember as a child pulling a dollar bill from a birthday card. I ran to my room with it clutched in my fist. When I got there, I carefully folded it so it would fit into the Care Bear bank my aunt had made for me.

I’m not sure that I was exactly excited about saving the money. But I knew that later I could pull it all out, count it up, and see how many packs of baseball cards I could buy.

This post has been written by our fantastic staff writer, Jamie Jeffers.

4 Ways to Make Saving Money More Fun

If you aren’t the type of person who naturally gets a kick out of saving money, don’t worry! There are ways to make saving money more fun…and even a bit interesting as well! Let’s find a way that sounds like the most fun to you.

Why . . . → Read More: 4 Ways to Make Saving Money More Fun

Which Income Class Are You In? How Do You Rank?

Income Class

“The other people that live on this lake aren’t uber-wealthy are they? No, they’re middle-class, right?….Like us!” …said one of our friends that earns over $200,000 a year….

I literally had to bite my lip to keep from entering the conversation.

Middle-class like you? You really think you’re middle class? In what fairy-tale world do you live where $200,000 a year is considered middle-class?

Instead of blurting out my brash comments, I decided to suppress them, do some research, and then plaster my findings passively all over this website! Lol.

Which Income Class Are You In?

While I was delving into the details of the income classes, I naturally grew curious around where Liz and I landed on the income spectrum, and then where we might land in the future with our growing rental empire (which at this moment is an “empire” of one… ;)). So of course if I’m . . . → Read More: Which Income Class Are You In? How Do You Rank?

How to Build a Capsule Wardrobe to Save Money

capsule wardrobe

If you find yourself buying new clothes because you can’t find your favorite jeans, or if none of your outfits ever seem to be put together, you may want to try out building a capsule wardrobe to save money. Not only will it save you money, but it can also help you save time, energy, and frustration when picking clothes to go about your day.

This post was written by our regular writer, Kimberly Studdard.

How to Build a Capsule Wardrobe to Save Money

So what is a capsule wardrobe? While a capsule wardrobe hasn’t truly been defined, it can be considered as a small collection of fashion pieces that never go out of style. The biggest key to having a capsule wardrobe is to have it be as minimal as possible, typically anywhere from 15 pieces to 40 pieces.

With any great capsule wardrobe, all the items in . . . → Read More: How to Build a Capsule Wardrobe to Save Money

How to Save Money During Your Trips and Travels

save money during your trips and travels

Traveling is never cheap. But most people have no clue they can cut their expenses or even receive some money back for regular things they do abroad.

How to Save Money During Your Trips and Travels

Tickets, hotels, restaurants and other small and big purchases can cost you less cash than you plan to spend. To let this happen you should follow a few simple tips.

Avoid Downtown

Here is a golden rule for everyone who wants to save on trips. You should stay away from downtown no matter where you are. Gazing around or sightseeing is fine. But whenever you are looking for a hotel or a place to have a meal in these areas are much more expensive than districts located far from a cultural center. Indeed, you can get the same service but pay less cash for it.

Take Advantage of Credit Cards

This is where you . . . → Read More: How to Save Money During Your Trips and Travels

Money and Patience: How to Keep Going When Financial Progress is Slow

financial progress

I recently had a bit of set back in my own journey that caused me to start thinking (read: stressing out) about my perceived lack of financial progress. I’d made some investments in my business, client payments were late and I had to pull from my emergency fund to pay the credit card bill.

To some people, they would read this and say, “Eh, that’s no big deal.” But I’m emotional in these kinds of situations. To me, it was more like “I worked so hard to save that money and now I had to use it. This means it’s going to take me longer to reach my savings goal!”

This started a downward spiral where I felt like I wasn’t clear on what I want out of my finances and some goals seem like they are eons into the future. I felt like a fraud.

Fortunately, I did . . . → Read More: Money and Patience: How to Keep Going When Financial Progress is Slow

6 Things I Did to Start Earning Money With My Blog

earn money with your blog

I started this blog on a whim back in August of 2010. After just 8 months of part-time work on the site, I was earning $500 a month. Then, to my complete surprise, my income started jumping – up to $3,800 a month in early 2012! I definitely made a few mistakes with my site over the years, but I’ve also done a ton of things right. Today, I’m going to teach you about all the good stuff that propelled me to where I am today:

with 50,000+ visitors a month 1,850 subscribers 6,000+ social media followers Over $100,000 earned via this website

Want to start earning money with your blog? Follow these steps and you’ll be well on your way.

How to Start Earning Money With Your Blog

At this point, I assume you’ve already got your blog up and running (if not, check out my “Start Your Own . . . → Read More: 6 Things I Did to Start Earning Money With My Blog

The Pros and Cons of Working for a New Business

working for a new business

Working for a new business is something that many people have considered at some point in their career. Whether it’s because you’re fed up with your current job or because you want to get in on the bottom floor of a fledgling company, the excitement of starting off fresh may have you considering moving to a startup.

The Pros and Cons of Working for a New Business

Making a drastic change can be tempting, but understanding the advantages and disadvantages that come with working at a new business is key to making an informed decision. By looking at both sides of the argument, you can determine if such a transition would be the right move for you.

Here are some of the top pros and cons to contemplate before making your choice:

Pros: Great Learning Experience

The experience you attain from working in a startup environment is invaluable. . . . → Read More: The Pros and Cons of Working for a New Business

Buying a House? What Type of Mortgage Loans Are Best?

types of mortgage loans

Buying your first home can be an exciting time. You’ll read up which are the best parts of town to live. You’ll check the styles of homes available. And then you’ll start comparing prices and checking mortgage rates. Sounds simple, right? Just find your dream home and sign for a mortgage…

What Type of Mortgage Loans Are Best?

But buying a home is a huge investment. Mortgages may seem like a simple concept, but there is much more to them than most realize. Will you apply for a fixed or adjustable-rate? Is an FHA loan right for you? Is there a penalty for paying off your mortgage early? These questions can be overwhelming, but picking a type of mortgage loan doesn’t have to be. To keep it simple, here are five of the top mortgage loans, complete with their pros and cons.

Fixed Rate

Fixed rate mortgages are a budget . . . → Read More: Buying a House? What Type of Mortgage Loans Are Best?

Feng Shui Staging: Using an Ancient Art to Find a Buyer For Your Home

pay off the mortgage in 5 years or less

You might be a bit skeptical at first but if you can open your mind and open your home to the benefits of Feng Shui techniques it could be the answer to finding a buyer for your property.

If you could sell your home quicker and maybe even sell it for a top price because of Feng Shui staging, it has to be an idea worth considering.

Here is a look at how to embrace the ancient art of Feng Shui and apply it to your home. Including an overview of what is behind the concept, how to evaluate the current vibe that your home is giving out, plus some tips on ways to create the right energy levels.

It’s all about wind and water

The phrase Feng Shui literally translates to wind and water and this ancient art is all about promoting good health and prosperity by working out . . . → Read More: Feng Shui Staging: Using an Ancient Art to Find a Buyer For Your Home