7 Things I Won’t Cut From Our Budget To Save For a Down Payment

7 Things I Won't Cut From Our Budget To Save For a Down PaymentAs most of you know, we are in the very beginning stages of buying a house and possibly moving to Colorado. However, that’s not planned to happen for at least 1.5 years from now.

Some of you have asked why we’re waiting to buy a house and why we’re not moving right away.

Well, we still have to save for our down payment.

We would like to put around $100,000 on our next home (GAH that is scary to even think about), and that means we really need to buckle down and start saving since we still need to save for retirement as well.

We need to save money so that we can go to Colorado a decent amount and find our dream home. I don’t want to buy a home or live in a brand new town that I haven’t researched or visited at least a few times.  [Read more...]

How Your Credit Score Affects Your Life + Credit Sesame Review

How Your Credit Score Affects Your Life + Credit Sesame ReviewThe finance world seems to be divided on the topic of credit scores (even if there are free credit scores) and their importance.

Some are all about using their credit to their advantage, whereas others do not care about their credit history at all and think it’s unnecessary and evil.

I’m on the pro credit side. I think your credit history can be used to your advantage, so why not work to improve it?

As a background for why we care about our credit right now: We are in the very beginning stages of buying a new home. Since we are both self-employed, obtaining a mortgage is a little more difficult. Having a great credit score is one of the areas where we will be analyzed. We also care about our credit because we like to use credit cards with great rewards programs.

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Should I Ruin My Retirement By Helping My Child Through College?

Should I Ruin My Retirement By Helping My Child Through College?Today’s topic will probably be a touchy one and it’s all about whether or not parents should start (or end) saving for children’s college expenses. Ever since I paid off my $38,000 worth of student loans last year, I have received many e-mails from parents who are interested in seeking help for their children.

These e-mails are all related to whether or not parents should risk or sometimes even ruin their retirement by helping their child pay for college.

There is usually one common theme in these e-mails – the parents are usually not on track for retirement, they have debt, or they cannot afford to help their child in college.

[Read more...]