Paying Down the Mortgage or Investing for the Long Term? What Shall We Do?

As I mentioned a bit last week, we’re currently debt free except for our mortgage and a student loan with such low interest that it would be financially reckless to pay it back early. The CD in which we were keeping the money to pay for our Prius matured (it was earning a higher percentage return in a CD ...

Raising Deductibles to Save Money on Insurance: Does It Work?

One common, painful bill that we all face is the insurance bill. Whether you’re talking renter’s insurance, homeowner’s insurance, or automobile insurance, the bill feels painful because it’s not something we can often directly see the benefit from. It just comes in handy when something goes wrong.

One of the most common tactics that you’ll see in cost-cutting articles ...

Reader Mailbag: Bad Loans and Bad Yeast

It’s Monday morning… that means it’s time for another reader mailbag!

My girlfriend bought a 2006 Chevy Cobalt in March 2009 because she wanted dependability and good gas mileage. She has put 31000 miles on it since then. She wants to settle down near school and doesn’t need the car anymore/can’t afford the insurance that goes with it. ...

Who is Single Guy Money?

I realize there are quite a few new readers to the blog since it started back in July 2007 so I figured it was time to update the “About Me” page on my blog.

Who is SingleGuyMoney? I am a single 32 (soon to be 33) year old male living in Atlanta, GA. I graduated from college in December of 1999 with ...

8 New Year’s Resolutions That Will Save You Money

21 Comments

When it comes to money, setting New Year’s resolutions for yourself is easy, but committing to and following through with those resolutions is a completely different story. This is why it is important to set realistic and achievable financial goals for yourself. There is hardly a quicker way to shove those New Year’s resolutions aside than to realize ...

10 New Year’s Resolutions That Will Save You Money

13 Comments

When it comes to money, setting New Year’s resolutions for yourself is easy, but committing to and following through with those resolutions is a completely different story. This is why it is important to set realistic and achievable financial goals for yourself. There is hardly a quicker way to shove those New Year’s resolutions aside than to realize ...

The Dangers of Long Term and Interest Only Loans

interest

There are two new trends in the banking world that may actually be very dangerous for consumers. Long term personal loans and interest only loans are gaining in popularity, especially in the wake of the housing crisis. While these may seem to be a great option at the time, there are many risks from these loans that should be avoided ...

How Much Debt is Too Much?

car

The average American is currently carrying at least some form of debt, even if it is small. We live in a society where overspending is common and credit card debt has become a right of passage. In many cases, you need to be in debt in order to start building your credit history. Without this, it is hard to get ...

Even Good Debt Can Be Bad

fight-debt

One of the debates that goes on in the personal finance world revolves around the concept of whether or not some debt can be good. It is true that some debt (like a home mortgage) is viewed more favorably on your credit report than other debt (like a car loan). But, in practice, you are still in debt. And, even ...

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