Save Money on Car Repairs by Thinking Outside-the-Box

By Kevin M

Perhaps more than any other expense I have to pay, I most dislike (OK, despise!) paying for car repairs. It’s not that I expect our cars to run maintenance and repair free, year after year, but I can’t stomach the idea that every time we bring one of the cars to the shop we get hit with charges of $500-$1000.

We just had a recent experience with this, and I stepped out of character and went the full price repair route to handle it. Maybe I need to do that from time to time just to remind myself why it is I’m always looking for a better way.

Now, be forewarned, I’m not a “car guy”. My interest in car repairs is strictly from a financial standpoint; cars are one of the biggest expenses the vast majority of us have, and I’m always looking for- and experimenting with- ways to save money here. But back to the story…


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Is Now a Good Time to Refinance?

By Kevin M

Rates for fixed rate mortgages are below 4% for a 30 year loan, and down close to 3% for 15 year loans. So is now a good time to refinance? Maybe. And only maybe.

If you have an adjustable rate mortgage (ARM), a funky ALT-A, a variable home equity line of credit that can be consolidated, or most definitely a sub-prime deal, refinancing is a no-brainer. You’ll probably get better terms and a much better rate, so do it and don’t delay. No one ever needed a six month, interest-only ARM 3ith negative amortization in the first place!

It’s not all about rate!


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