Archive for December, 2007

Double Check Your Federal Withholding

Sunday, December 30th, 2007

Do you receive a big tax refund every year? If you do, you need to adjust your federal tax withholdings. When you pay in more than you are required, you are in effect, giving the government an interest free loan. Many people intentionally have more tax withheld than is ...

Mortgage Demand Lowest of 2007

Thursday, December 27th, 2007

Interesting Reuters report featured in USA Today's money section: The Mortgage Bankers Association's seasonally adjusted mortgage application index fell 7.6% in the week ended Dec. 21 to 603.8 — its lowest reading since falling to 575.6 in the Dec. 29, 2006 week. Source: USA Today

Avoiding Impulse Spending By Naming Your Money

Friday, December 21st, 2007

I don’t agree with everything Dave Ramsey espouses, but one thing we definitely agree on is that you have to give your money a name. First off, I think it is extremely important to have a fully funded emergency fund of three to six months of expenses set aside ...

Foreclosure Filings by State for November 2007

Thursday, December 20th, 2007

While these numbers are huge, they are down on a national level by 10% since October. Total filings ...

The Rule of 72 and Compound Interest

Thursday, December 20th, 2007

“The most powerful force in the universe is compound interest”. Albert Einstein The rule of 72 allows one to quickly determine how long it will take, at a given interest rate, to double your money on and investment. For instance, if you have $1000 that is earning interest at the ...