Is Tiny Living For You? What To Consider Before Buying A Tiny House

before you buy a tiny house

In a time where bigger houses mean better lives, many people are now trying to escape the rat race and go back to simpler living. Tiny living has become a movement in recent years, with more and more people getting rid of high costs of living and city dwelling for more serene and minimal lifestyles. But is tiny living for you? Here’s what to consider before buying a tiny house.

Is Tiny Living For You? What To Consider Before Buying A Tiny House

This post is written by our staff writer, Kimberly Studdard.

Can you even do it?

Before buying a tiny house, the first thing you should consider is if it’s even possible for you to do.

Does your city allow it? Are you willing to move to a new city, or even state, to do so? Are there any limitations that you have in your . . . → Read More: Is Tiny Living For You? What To Consider Before Buying A Tiny House

The Fastest and Easiest Ways to Save Up for a House

save up for a house

Are you getting ready to purchase your very first home? Congratulations! Just be prepared to put in quite a bit of work. Not only to find your perfect abode, but also to save up for a house. Thankfully, there are a few ways to increase your savings rather quickly so that you can get closer to fulfilling your dream of being a homeowner.

The Fastest and Easiest Ways to Save Up for a House

It doesn’t have to take years and years to save up for a house. Follow these four steps and you’ll be socking more money away each month than you even thought possible!

1) Choose the Right Savings Account with an Online Bank

There are a lot of savings accounts that you can choose from. If you want your money to grow so that you can save up for a house more quickly, you should stick with . . . → Read More: The Fastest and Easiest Ways to Save Up for a House

The Real Reason You Should Pay Off Your House (It’s Not Interest Rates)

pay off your house early

Is it wise to pay off your house? Most people would say, “no”… While I have always told you yes. But what are the reasons behind these answers? Does it actually make financial sense to pay the full term of a 15-year mortgage rather than trying to pay the debt off as quickly as possible?

The Real Reason You Should Pay Off Your House

Even after digging into all the numbers, I want to tell you up front that I’m still a firm believer that you should pay off your house early. It’s not as much of a slam-dunk as some hardcore traditionalists lead you to believe, but I still firmly believe it’s the best path to wealth.

Why am I bringing you this message like I’m fighting an up-hill battle?

It’s because I am.

The Interest Savings…It’s Not as Huge as it Sounds

You probably already know the main . . . → Read More: The Real Reason You Should Pay Off Your House (It’s Not Interest Rates)

6 Reasons Why We’ll Never Flip Another House

never flip another house

Just two months ago, my wife and I made a $27,400 profit from a flip house. Then we vowed to never flip another house again in our lives…

6 Reasons Why We’ll Never Flip Another House

Okay, sure, it was fun to make the house purchase, fix everything up with our bare hands, sell the property, and then put a huge lump of cash in the bank…but those were about the only positives. Plenty of other negatives came along for the ride, which is why we feel as strongly as we do to never flip another house.

1) Time Away From Family

When we took on this house flip, I made a promise to myself that I wouldn’t let this work take over my life and take me away from my family. Overall, I thought I did a pretty good job.

I worked at the house during my lunch breaks, . . . → Read More: 6 Reasons Why We’ll Never Flip Another House

The Case For Downsizing Your Living Space

downsizing your living space

If you’ve ever seen one of the television episodes about tiny house living or watched a news report on the trend, then you’ve likely considered downsizing to something smaller than your current home. There are many benefits to downsizing your living space, and it’s something you should carefully consider….Particularly if you’re trying to save money for retirement or simply want to have more spendable income to experience new things, travel or invest.

The Case For Downsizing Your Living Space

The following is a guest post from Holly Welles.

In recent years, the size of single-family home new builds has decreased. Both millennials and baby boomers are choosing smaller options, including tiny homes to help them meet financial and lifestyle goals. Baby boomers and Gen Xers are looking at retirement finances and millennials are dealing with student debt.

Paying less to live is an attractive option, but still allows them to . . . → Read More: The Case For Downsizing Your Living Space

The Top Home Selling Myths You Should Know About (and Avoid)

home selling myths you should know about

Selling a house is a big alteration to your life. Regardless of your reasons for selling, there is always one objective when you try to put your house up as a listing — to be able to sell your house for the most amount of money possible in the least amount of time. And because of this principle, a lot of home sellers should educate themselves with the top home selling myths you should know about…

The Top Home Selling Myths You Should Know About (and Avoid)

Luckily for buyers, things are much simpler. The most that they have to worry about is how to figure out where to live. Sellers, on the other hand, aren’t as lucky. These are some of the most common myths that you should avoid if you’re planning on selling your house.

1) You Can Sell Your Home Yourself

While I can definitely see . . . → Read More: The Top Home Selling Myths You Should Know About (and Avoid)

Can’t Sell Your House? Here Are Your Options

save up for a house

The housing market is white hot right now. Some houses are selling in less than a day…and then there’s your house…which has been on the market for months and is still not selling. You’re desperate to know – what are your options if you can’t sell your house?? Lucky for you, there may still be a light at the end of this tunnel!

Here Are Your Options If You Can’t Sell Your House

This post contains affiliate links.

You might think that you only have one or two options to actually get some interest in your house at this point. You’re feeling desperate, but you don’t have to go there yet. Based on my research, you’ve actually got at least 11 options if you can’t sell your house right now! Let’s hit them one by one and get your house sold!!

1) Make Cheap (But Noticeable) Improvements

The absolute cheapest, . . . → Read More: Can’t Sell Your House? Here Are Your Options

Flip House Completed! Before and After Videos – You Won’t Believe It!!

project house flip house complete

I can’t believe I’m saying this, but the project house is done!! We bought this place in October, tore everything out of it by the end of November, and then spent MONTHS putting it all back together. I never dreamed it would take this long (both my wife and I are SO over this house), but we’re officially done-zo. Our realtor is walking through the house today and it hits the market tomorrow. The entire experience hasn’t been great, but hopefully we at least make a big pile of money! 😉

Flip House Completed! Before and After Videos

This is the “Before” video. Please make sure you view at least part of this video to get a full understanding of just how terrible this house looked before. In all honesty, I figured we’d have this house all fixed up by March….but it took 2 extra months of INCREDIBLY hard work . . . → Read More: Flip House Completed! Before and After Videos – You Won’t Believe It!!

Am I a Hypocrite? We’re Going Back Into Debt

whole life insurance sucks - sun setting

I’m dead serious. This isn’t a guest post where someone comes along and rants about good debt vs. bad debt. This is me, Derek Sall, and all the reasons why I’m about to go back into debt after 3.5 years of complete debt freedom.

Am I a Hypocrite? Why We’re Going Back Into Debt

“Whoa, Derek. You just blew my mind a little. You, Mr. No Debt, are talking to the banks about taking out a loan? What happened?”

I know, I know. Never in a million years did I think I’d write a post that was titled, “We’re Going Back Into Debt”… I vowed to myself that I would never take on debt again. But you know what? This site is called Life And My Finances for a reason. Not every decision can be made based on financial common sense. Surprisingly enough for some of us math nerds, life . . . → Read More: Am I a Hypocrite? We’re Going Back Into Debt

Is Home Ownership As Great As It Seems?

home ownership as great as it seems

You’ve probably seen all of the “get rich by investing in real estate!” posts while scrolling through social media the last few years. You also most likely heard the argument that most millennials can’t buy houses because they splurge on avocado toast (newsflash, that’s not the reason). But in a time where many people can barely afford to put a down payment on a house, let alone pay for all that a house needs, is home ownership as great as it seems?

Is Home Ownership As Great As It Seems?

This post has been written Kimberly Studdard

We’ve long been a society where home ownership is the epitome of “making it” in America. If you own a home, your life is perceived to be stable and your future is bright…but not everyone shares this viewpoint any more.

But why?

Let’s dive into the details. Is home ownership as great as . . . → Read More: Is Home Ownership As Great As It Seems?