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May 2011

Memorial Day Roundup

05.30.2011

I hope everyone had a good Memorial Day weekend. It’s a day to honor remember the men and women who lost their lives while serving in the United States Armed Forces. It’s also the traditional start of the Summer. A quick round up is all I’m up for this weekend. Sometime you need a day off from blogging. Hobi eventually got a few pieces of the ribs. Young & Thrifty is pursuing a graduate degree after entering the job market – Is it Worth It? Get Married for College Money from Thousandaire. Great idea! I’ll remember this when the little [...]

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April 2011 Credit Card Bill

05.27.2011

It’s time to look at the credit card bill again. In April, we did a great job and used the card very little. We are on a bit of a roll here and hope we can keep it up for a few more months. The March credit card bill was also very small. Credit Card Spending Pet – $66. The usual pet food and kitty litter. Gas – $46. We only filled up once in April since we didn’t really go anywhere. I’m taking 3 months off to bond with baby RB40. We live in the city so we walk [...]

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Should We Refinance The Rental Home?

05.25.2011

The interest rate continues to plunge, creating refinancing opportunities and my conundrum is – should we refinance the rental home? Here are the details of the current loan: Amount owed – 87,000 Loan terms – 5.25% 15-year fixed rate loan. We have less than 7 years left on this mortgage. Payment – monthly payment is around $1,350. About $1,000 of that payment goes to the principal every month. I called up the bank and they quoted me a 15-year loan with 4.625% interest rate. This is a rental and a non owner occupied home will get a .5% worse rate [...]

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Refinancing Opportunities

05.23.2011

Record Low Interest Rates Lead To Refinancing Opportunities The entire financial debacle of the last two years was sparked off by a relatively small segment of the American home mortgage industry. Of course, we are all well aware of the term “Sub-Prime Mortgage” now, but a few years ago, most people had never heard of the term. In fact, most of the people who were sub-prime borrowers didn’t even know the term! By simple definition, a Sub-Prime Mortgage is a mortgage note issued to a lender that could not qualify by traditional standards. As a sub-prime borrower, these higher risk [...]

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Yakezie Blog Swap #7

05.21.2011

We had a great time with the Yakezie Blog Swap #7 – “Balancing Frugality and Fun.” I wrote about all the frugal fun we have when the weather turns nicer in Portland at Prairie Eco-Thrifter. There are so many perspective on this topic, it’s worth going to read all of them, but I think I still have the most fun. Here is the list of articles & have a great weekend! Latisha Styles shares her story about going on a shopping diet at Narrow Bridge. The other Joe shares with us his memories of time with his Grandpa growing [...]

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