Welcome to 1 Step Home Mortgage
Home Mortgage Refinancing Calculator Article
This is a selection made from among articles on Home Mortgage Refinancing Calculator. For a permanent link to this article, or to bookmark it for future reading, click here.
Stupid Ideas Are Bad For Your Financial Health.
from: David Wilding
&65279;&65279;
Stupid Ideas come in all sorts of packages. Bad debt, various
loans, purchase decisions, and delayed savings. Most people reach
the age of 65 with little or no savings. They live off social security
and what little else they have. It is no wonder the golden arches are
filled with workers in their golden years.
Anything that wastes your money and prevents you from
becoming debt free can be a stupid idea. The only way to save and
invest money is to not send it to creditors each month. Only when it
is yours to keep can you put it aside to work for you as hard as you
have worked for it.
It is not your job in life to make your creditors rich. The goal is
to make you rich. If you are going to make that happen, stay away
from bad decisions. Decisions made in the absence of good, or
even any, information. Time pressured, desperate decisions are
seldom made with enough information.
Anything that slows down spending and requires you to think
twice before parting with your money is a good idea. Fill out a
Purchase Checklist for any decision that requires spending more
than what you have in your pocket. Some questions you need to
answer:
Cost?
Is it on sale?
Is this a need or a want?
Can you pay cash?
Where will the money come from?
Do you know the cost of credit if you dont pay cash?
With that cost added in is it still worth buying?
Could you justify this purchase to another person?
Would you accept these reasons from someone else?
Stupid Ideas abound when ignorance, greed and pride,
(definitely not the common sense triplets) form the basis of your
decisions. Ignorance is simply an absence of knowledge or
information. Greed is nothing more than wanting more than you
should. Pride is caring what your neighbor. or someone you dont
even know, in an advertisement, thinks of you.
So, knowing there is no winner in the contest to see who is the
most stupid, here are some things to avoid in your financial life.
Bad Debt. Defined as any debt other than a home mortgage,
education loans and some business debt. Bad debt should be
avoided. If you have it, getting rid of it should be your number one
priority. Then get rid of your other debt. The more money you can
put away as opposed to sending to your creditors will make a
dramatic difference in your financial progress.
These particular types of bad debt need to be avoided at all costs.
Auto title Loans
Payday Loans
Rent To Own Stores
125 Loans
Credit Cards
Pawn Brokers
If you find yourself even considering using any of these call a
friend and have them talk you out of it.
Other bad ideas include some of our habits. This is not
moralizing here, just a hard look at how bad habits drain your
financial resources. Smoking, alcohol consumption, buying coffee
and a donut on the way to work, lunches at work, and anything
else which has become a habit can cost you a tremendous amount
of money per month. Money you could be putting away.
Make a fast calculation of what you spend each day on these
habits. Then times it by the number of working days in a month
(usually around 22). This is the money you waste each month. You
need to put it in your pocket not someone elses. And lets face it,
you will feel better too.
There are plenty of people willing to benefit from your stupid
ideas and bad decisions. If you find you have already embraced
some of these stupid ideas, change your choices. Dont double your
mistake. If you make a stupid decision, you dont need to stick with
it. Learn from it and move on. Decide if you are going to have
some burned fingers or a ruined life. Live and learn from the burned
fingers, let someone else ruin their life.
www.debtattack.com
About the author:
Article courtesy of David Wilding at http://www.debtattack.com Save yourself from unnessecary debt. Visit to print out a Purchase Checklist and avoid impulse spending.
Home Mortgage Refinancing Calculator News
As Interest Rates Drop, Interest in Refinancing Jumps (WFMY News 2 Greensboro)
Mortgage consultants say a growing number of people want to take advantage of lower interest rates.
Read more...Todays financial tip: January 6 (Wausau Daily Herald)
With mortgage rates falling to record lows, Kevin Hermening, certified financial planner at Hermening Financial Group in Wausau said home owners should look into refinancing their home now.
Read more...Remortgaging Becoming More Popular in the Lehigh Valley and Elsewhere (WFMZ Eastern Pennsylvania and Western New Jersey)
var nopreviewimage = ""; if (nopreviewimage == ""){ document.write(' '); document.write(' '); document.write(' '); } Mortgage brokers are experiencing a busy winter, as American homeowners rush to refinance, thanks to record low mortgage rates. WFMZ's Jackie Shutack reports. Mortgage Calculator web link: www.pamortgagepros.com/calculate-refinance-savings.htm ...
Read more...Will Obama help or hurt investors? (Asbury Park Press)
Managing your financial affairs in this season of political transition is like being in a poker game when a stranger shows up. It's hard to know how to play a hand until you get a sense of the new guy's strategy.
Read more...Use cash for refinancing or debt payment? (Bankrate.com)
EDITOR'S NOTE: Refinancing activity is soaring, so Bankrate asked personal finance columnist Dr. Don Taylor to answer some of our readers' most pressing questions about getting a new mortgage.
Read more...Low rates prompt rush to refinance (The State)
Jeff and Anita Miller of Forest Acres are among Midlands residents refinancing their home after mortgage rates fell to their lowest level since the 1960s. The Millers, a surgeon and nurse, plan to use the reduction of $300 per month to pay off student loans and build savings. “It’s a no-brainer,” Jeff Miller said of taking advantage of the drop. Bankers say home refinancing is booming after ...
Read more...Retirement Planning Website NewRetirement.com Named 'Website of the Month' by The CPA Journal (PRWeb)
The CPA Journal has declared NewRetirement.com their Website of the Month in their annual Financial Planning issue. NewRetirement was selected for the excellence of the articles and website structure on topics such as Reverse Mortgages and Mortgage Refinancing. Particular praise was given to the layout and ease of use of NewRetirement.com. Special mention was also made of the discussion boards ...
Read more...