7 Tips to Save Up Cash for Your Next Rental Purchase

save up cash for your next rental

Want to buy a rental property? I always recommend doing it with cash.

And then of course I hear this…

“Derek, you must live in some kind of fairy tale if you think people can save up enough cash to buy a property outright. Most can barely do it with a loan!”

Well, I’m not most people, and you shouldn’t be either…because most people are broke and have constant setbacks from their continual poor choices!

Instead of living in the land of “most people”, let’s first discover the major benefits of buying a house with cash:

Never pay interest to the bank – this alone is hundreds of thousands of dollars in savings No need to pay for an appraisal – saves time and makes it more appealing to the buyer Cheeeeaaap closing costs – since the greedy bank isn’t involved, you save thousands here A reduced purchase price – . . . → Read More: 7 Tips to Save Up Cash for Your Next Rental Purchase

How to Host a Cheap Summer Party for Less Than $150

cheap summer party

Summer brings the heat, pools, and barbecue’s, but it also brings the parties! With 4th of July, back to school sales, and lots of other fun days, a cheap summer party is a great way to get everyone together before summer ends. But how do you throw a party for less than $150?

This post was written by the ever-talented Kimberly Studdard.

Keep Invites Minimal

This pertains to both the invites themselves, and who you choose to invite to the party. Are you friends on Facebook with all of the people you want to invite? Create an event and invite them virtually. Can your kids text their friends or invite them by word of mouth? Have them do so! Don’t spend extra money on your cheap summer party if you don’t need to.

If you still want to send an actual invite, that’s okay! Try delivering them by hand . . . → Read More: How to Host a Cheap Summer Party for Less Than $150

Top 5 Ways You’re Losing Money When Buying a Car

losing money while buying a car

According to USA Today, over 17.5 million new cars were sold in the U.S. in 2015…. And then a new record was set in 2016 with sales topping 17.55 million.

We Americans sure love our cars, and sometimes we get so enamored with the look, the smells, and the status symbol of the brand that we lose all sense of logic during the new car purchase. And with the escape of logic, we often find ourselves questioning our purchase just hours after the buy…

Top 5 Ways You’re Losing Money When Buying a Car

You’re losing money, you know it, but what’s really happening during the car sale? And how much are you getting screwed because of what you don’t know?

It’s time to stop the madness. Take note of these 5 ways you’re losing money when buying a car and vow to never let them happen again.

1) . . . → Read More: Top 5 Ways You’re Losing Money When Buying a Car

30 Things To Do Instead of Spending Money

Instead of Spending Money

It can be hard to reduce your spending if you love having fun. But entertaining yourself doesn’t have to be expensive, and there are quite a few things that you can do instead of spending money on an expensive concert or dropping $40 for a night at the pub. Instead, here are the top 30 things that you can do without spending a dime! (Extroverts, be sure to thank me in the comments below! :))

30 Things To Do Instead of Spending Money

This marvelous guest post was written by our very own, Kimberly Studdard.

#1. Go To The Park

What better way to get in some exercise and sun than to go to the park? You can even choose a park with a pond so you can relax near the water.

#2. Go To A Free Event

If you love going to the movies or listening to live . . . → Read More: 30 Things To Do Instead of Spending Money

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

“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 Refinance Your Mortgage?

So many people go into a mortgage refinance completely blind. They know they can save on interest and that it’s probably the right thing 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

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

How to Save Money at Home With Your Broadband

save money at home on your broadband

Having broadband at home can be a great initiative for people who want to work from home or simply enjoy surfing the internet. There are various ways that you can save on your broadband bills and still enjoy the same services that you have always wanted. Many people, however, are not aware of these multiple ways to save on their broadband expenses and end up paying extra bills that they could have otherwise avoided.

This is a guest post from my friend Kim, and could be a great help for all of our UK friends!

How to Save Money at Home With Your Broadband

Want to save money at home with your broadband? Check out these options!

1) Check whether you are eligible for a subsidy

Few people know about this method of saving and end up paying money that they would have saved to pay other bills. The government . . . → Read More: How to Save Money at Home With Your Broadband

How We Earned More This Year, But Paid Far Less In Taxes

Paid Far Less In Taxes

Remember this post from last year?

“Liz and I are idiots. While many of our friends have paid nearly nothing in taxes, we found ourselves paying over $22,000 to Uncle Sam…”

It’s been almost a full year since that post and I definitely haven’t forgotten it. In fact, all last year I was consciously making moves that would drive us to a wealthy future, but with much fewer taxes. And guess what happened? We paid in nowhere near $22,000. In fact, we earned $5,000 more and paid just $11,776 to Uncle Sam this year. BOOM!

How We Paid Far Less In Taxes

So how the heck did we do it? How could we possibly earn more money and pay half the taxes?

What we’re doing must be illegal, right?

Wrong. (If it were, I probably wouldn’t be announcing it to the world on this insanely popular blog now . . . → Read More: How We Earned More This Year, But Paid Far Less In Taxes