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

One Profound Tip to Survive in High Rent Areas

survive in high rent areas

Do you live in New York? Boston? San Francisco? Maybe Miami? If you live in a high cost-of-living area, getting by can seem tough, let alone paying down debt or getting ahead financially (like I always harp on you to do).

If you’re struggling to pay the rent and can’t possibly comprehend saving money at the end of each month, maybe it’s time to take a different approach.

How to Survive in High Rent Areas

What if, instead of living in a miniature 350 square foot, one bedroom apartment, you rented a bigger place and shared it with a few other folks?

I know, I know. At first it doesn’t sound ideal at all, but what if I told you that you could save nearly a thousand bucks a month on rent? Do you realize the impact that this could have on your debt snowball? It’s at least worth taking . . . → Read More: One Profound Tip to Survive in High Rent Areas

6 Little Known Employee Benefits You Should Ask About

Little Known Employee Benefits

When I worked as a recruiter, job candidates would often ask me about the employee benefits that came with the job.

What I realized was that most people knew about the basic benefits like healthcare, 401(k), and paid vacation time. What they didn’t know was there are more employee benefits to ask about.

6 Little Known Employee Benefits You Should Ask About

Here are a few of the little known employee benefits you may want to ask about at your job (or when hunting for the next one).

This post was written by Amanda Abella – a fantastic speaker and author of personal finance.

1) Student Loan Repayment

Companies are starting to consider offering student loan repayment as one of their employee benefits. Quite frankly, there’s a demand for it.

Only about four percent of companies currently offer this, so it’s still pretty new, but it doesn’t hurt to ask. . . . → Read More: 6 Little Known Employee Benefits You Should Ask About

4 Ways to Enjoy March Madness on a Budget

Enjoy March Madness on a Budget

Several years ago, I was watching the local news when the sportscaster came on to announce the winner of the citywide March Madness bracket tournament. The top prize was a year’s supply of pizza.

This post was written by our staff writer, Jamie Jeffers.

The winner turned out to be my husband. The pizza was a mixed blessing, because we were young, newly married, and I was expecting our first child. We could use the free food…though the smell of that pizza upset my poor pregnant stomach for months.

Our love of baseball is one of the things that first brought my husband and me together. So it’s no surprise that he’s always connected to sports. His phone sings the ESPN song every few minutes.

4 Ways to Enjoy March Madness on a Budget

Happily, some of my frugal habits have rubbed off on him. He’s learned to enjoy sports . . . → Read More: 4 Ways to Enjoy March Madness on a Budget

Will You Have Enough Money to Retire? (Use This Free Tool to Find Out)

Will You Have Enough Money to Retire

“Will I have enough money to retire?….Or will I end up broke, surviving on dog food and spam?” I joke about it, but this is a serious worry for 99% of us today, and why shouldn’t it be? Socking money away for retirement isn’t easy, and it can get pretty complicated figuring out exactly how much our monthly contributions will grow into 40 years from now.

That’s why I created this simple tool, “The Retirement Calculator“.

Simply click the link and the calculator will download to your PC – you’ll see it in the lower left-hand corner of your screen once it downloads.

Will You Have Enough Money to Retire?

To figure out if your money will last through your entire retirement, you’ll have to answer just five simple questions:

How old are you? At what age do you want to retire? How much money is currently in your retirement . . . → Read More: Will You Have Enough Money to Retire? (Use This Free Tool to Find Out)