Comments on: 10 Brilliant Money Tips

By: Alida

Alida — Tue, 03 Apr 2018 13:32:49 +0000

In reply to Dawn. Good to know! Thank you!!

By: Dawn

Dawn — Tue, 03 Apr 2018 03:24:56 +0000

Most mortgage companies do not allow weekly payments. They put it towards principle and not to your monthly note/payment, which can make you behind. Crazy, I know this from experience. You can call and ask if they have a bi-weekly payment plan that will automatically withdraw half your monthly note every pay period, including 2 extra pay periods you get a year. Takes 7+years off of mortgage.

By: Accounting student 101

Accounting student 101 — Tue, 13 Feb 2018 21:30:47 +0000

Unless you get Paid weekly it is most often not a good idea to pay your mortgage weekly. Yes you pay it faster but it can also cost you more. If you don’t have cash that day you have to use credit to pay. You can just as easily increase your payments and put it on your pay day. If you get paid on the 15th and 30th it makes sense to make your bills come out on the those days. Don’t forget that if the earning potential of your money is higher then the interest on the mortgage. It would makes sense to hold on to that money as long as you can to earn as much as you can before you pay your mortgage so monthly payments may make more sense depending on the person. For example a business owner may need that money to reinvest in his company to make higher profits on there next pay day. One last thing if you want to save money on mortgage. Some places if you have a home based business you can wright off part of your interest on your mortgage to reduce your tax look up tax regulations in your area. Reducing you taxable income can help you save 100s of dollars more every year. Get informed get active in every aspect of your money and it can go far.

By: Alida

Alida — Sun, 19 Nov 2017 23:18:14 +0000

In reply to Milissa. I love this! Keep it up!

By: Milissa

Milissa — Thu, 16 Nov 2017 21:05:09 +0000

I love the $5 savings plan! I started doing it when my husband(then my fiancé) and I bought our house. I saved the money for a purse I wanted. After achieving that goal in April, started saving for our souvenir money for our honeymoon which was in June. Then we went on a quick trip to the beach in August, took my $5 bills with me as spending money and ended up not spending all of it, so now we are using it as our Christmas fund for each other. Such an easy way to save money without even noticing it’s gone. Once we start our family I can’t wait to try to save weekly for our child’s future. My parent’s didn’t have a college fund for me, but I want to be able to give my children one, even if it is enough to pay for community college.

By: Alida

Alida — Fri, 22 Sep 2017 14:02:10 +0000

In reply to Jojo. Great idea!

By: Jojo

Jojo — Fri, 22 Sep 2017 01:18:07 +0000

Something I do to save money for my little one… Every $1 or .50¢ piece I come across I put into her piggy bank. Granted I work at a gas station so I come across these often. I have also bought them off of tellers at the bank. I don’t hardly notice the money is gone yet it’s still here.

By: Alida

Alida — Wed, 15 Mar 2017 01:53:28 +0000

In reply to Debra. Wow that is a great idea! You are so right, if you each contribute a little bit it will end up being a great amount of without anyone feeling the "pinch". I am so glad that you found these tips helpful!

By: Patty Shields

Patty Shields — Tue, 14 Mar 2017 06:24:34 +0000

I am 64 yrs old. I talk openly with two of my older children. Do not talk money with my friends though. I’m the CFO and find it somewhat awkward or uncomfortable when I need to talk to my husband about our finances.

By: Debra

Debra — Fri, 10 Mar 2017 18:20:42 +0000

I love your ideas, especially putting cash in a water bottle where you can’t easily get to it (a challenge for me!) and saving according to your child’s age. I am expecting my first grandchild in November and I am going to send this top to each of the grandparent families and suggest we all do this to start a college fund for our new grandchild. Since each of the grandparents is divorced and remarried, there are four grandparent families. If we all participate, the baby will have almost $43,000 by the time he or she graduates from high school to put towards college. That’s amazing! And since the contributions are so small, it’s easy to do without feeling the pinch. Thank you for these great suggestions!