Comments for Everybody Loves Your Money http://www.everybodylovesyourmoney.com Living for today - Planning for Tomorrow Tue, 21 Feb 2012 20:59:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on Canceling Cable Was a Great Financial Decision by nancia http://www.everybodylovesyourmoney.com/2012/02/17/canceling-cable-was-a-great-financial-decision.html#comment-168 nancia Tue, 21 Feb 2012 20:59:40 +0000 http://www.everybodylovesyourmoney.com/?p=319#comment-168 We cancelled cable and had a HD antenna installed on the roof of the house for about $275.00. We get about 20-25 local channels like 4 public broadcasting channels called 8.1, 8.2, 8.3 and 8.4. As well as CBS, Fox, NBC, and ABC. Channel numbers will be different in each city. If we really need to see something from cable, we can still watch it on the internet. No more cable bill of $60.00 per month. We will have the antenna paid for in 5 months. We cancelled cable and had a HD antenna installed on the roof of the house for about $275.00. We get about 20-25 local channels like 4 public broadcasting channels called 8.1, 8.2, 8.3 and 8.4. As well as CBS, Fox, NBC, and ABC. Channel numbers will be different in each city. If we really need to see something from cable, we can still watch it on the internet. No more cable bill of $60.00 per month. We will have the antenna paid for in 5 months.

]]> Comment on Live For Today and Plan For Tomorrow by Friday Link Roundup: May 6, 2011 | Money Beagle http://www.everybodylovesyourmoney.com/2011/05/03/live-for-today-and-plan-for-tomorrow.html#comment-155 Friday Link Roundup: May 6, 2011 | Money Beagle Mon, 20 Feb 2012 17:47:56 +0000 http://www.everybodylovesyourmoney.com/?p=45#comment-155 [...] Loves Your Money has a great reminder of why it’s important to plan and save for the future, but also to enjoy what you have [...] [...] Loves Your Money has a great reminder of why it’s important to plan and save for the future, but also to enjoy what you have [...]

]]> Comment on Buying a Rental Sure Feels Like a Good Idea by admin http://www.everybodylovesyourmoney.com/2012/02/15/buying-a-rental-sure-feels-like-a-good-idea.html#comment-140 admin Sat, 18 Feb 2012 04:01:52 +0000 http://www.everybodylovesyourmoney.com/?p=312#comment-140 @Jason, make sure to include short sales in your list of potential properties. More and more banks are starting to support short sales and the deals can be fantastic! @Jason, make sure to include short sales in your list of potential properties. More and more banks are starting to support short sales and the deals can be fantastic!

]]> Comment on Buying a Rental Sure Feels Like a Good Idea by Jason http://www.everybodylovesyourmoney.com/2012/02/15/buying-a-rental-sure-feels-like-a-good-idea.html#comment-126 Jason Thu, 16 Feb 2012 19:26:21 +0000 http://www.everybodylovesyourmoney.com/?p=312#comment-126 I agree with this post and have been considering a jump into real estate investing as well. The combination of low market prices AND incredibly low financing rates if you can get the loan make this a great time (assuming you have your financial ducks in a row - out of debt, emergency fund, etc). @RentSlave - I don't understan your philosophical issue. You rent and therefore I would think you would be happy that people create rental opportunities. I am not discrediting your opinion, I just don't understand it, but would like to. Can you expand on it? I agree with this post and have been considering a jump into real estate investing as well. The combination of low market prices AND incredibly low financing rates if you can get the loan make this a great time (assuming you have your financial ducks in a row – out of debt, emergency fund, etc).

@RentSlave – I don’t understan your philosophical issue. You rent and therefore I would think you would be happy that people create rental opportunities. I am not discrediting your opinion, I just don’t understand it, but would like to. Can you expand on it?

]]> Comment on I Bought a Powerball Ticket by J. Money http://www.everybodylovesyourmoney.com/2012/02/15/i-bought-a-powerball-ticket.html#comment-110 J. Money Wed, 15 Feb 2012 15:02:21 +0000 http://www.everybodylovesyourmoney.com/?p=310#comment-110 I buy one every week ;) We love it - comes out of our "fun" money anyways so if it wasn't being spent on that, it would go to some other form of entertainment. Only sucks that it went up to $2.00 instead of $1.00 now - though it means more $$$ to be won too! I buy one every week ;) We love it – comes out of our “fun” money anyways so if it wasn’t being spent on that, it would go to some other form of entertainment. Only sucks that it went up to $2.00 instead of $1.00 now – though it means more $$$ to be won too!

]]> Comment on Lottery Winner Collecting Food Stamps by » I Bought a Powerball Ticket Everybody Loves Your Money http://www.everybodylovesyourmoney.com/2011/05/19/lottery-winner-collecting-food-stamps.html#comment-108 » I Bought a Powerball Ticket Everybody Loves Your Money Wed, 15 Feb 2012 13:24:12 +0000 http://www.everybodylovesyourmoney.com/?p=41#comment-108 [...] immediately started thinking about some of the people that I’ve profiled on ELYM.  There was Leroy Fick from Michigan, who won $2M and is now living on food stamps.  Then there was Holly Lahti who immediately [...] [...] immediately started thinking about some of the people that I’ve profiled on ELYM.  There was Leroy Fick from Michigan, who won $2M and is now living on food stamps.  Then there was Holly Lahti who immediately [...]

]]> Comment on Buying a Rental Sure Feels Like a Good Idea by Rent Slave http://www.everybodylovesyourmoney.com/2012/02/15/buying-a-rental-sure-feels-like-a-good-idea.html#comment-106 Rent Slave Wed, 15 Feb 2012 05:59:50 +0000 http://www.everybodylovesyourmoney.com/?p=312#comment-106 I'm a rent slave with no hope of buying any home, so I'm not considering buying anything. And I have philosophical issues with building wealth off the backs of rent slaves. I’m a rent slave with no hope of buying any home, so I’m not considering buying anything.

And I have philosophical issues with building wealth off the backs of rent slaves.

]]> Comment on Should You Switch to an Online Bank Due to the Latest Fees From the Big Banks? by Sun http://www.everybodylovesyourmoney.com/2011/10/10/should-you-switch-to-an-online-bank-due-to-the-latest-fees-from-the-big-banks.html#comment-68 Sun Tue, 11 Oct 2011 00:04:22 +0000 http://www.everybodylovesyourmoney.com/2011/10/10/should-you-switch-to-an-online-bank-due-to-the-latest-fees-from-the-big-banks.html#comment-68 The consolidation of banks also meant the consolidation of power. Without much scrutiny of that power means big banks can do whatever they feel like. I'm very glad there are checks in place because no power can police themselves. You should checkout PerkStreet as part of the online banks. 1% cash back on your debit card if you sign for your transaction. It is 2% cash back if you maintain a $5k minimum in the checking account. The consolidation of banks also meant the consolidation of power. Without much scrutiny of that power means big banks can do whatever they feel like. I’m very glad there are checks in place because no power can police themselves.

You should checkout PerkStreet as part of the online banks. 1% cash back on your debit card if you sign for your transaction. It is 2% cash back if you maintain a $5k minimum in the checking account.

]]> Comment on Which States Do Not Allow Deficiency Judgements? by Financial Independence http://www.everybodylovesyourmoney.com/2011/10/07/which-states-do-not-allow-deficiency-judgements.html#comment-44 Financial Independence Sun, 09 Oct 2011 07:02:36 +0000 http://www.everybodylovesyourmoney.com/2011/10/07/which-states-do-not-allow-deficiency-judgements.html#comment-44 I think it should be standard practice (i.e. no don’t allow deficiency judgments). Banks have already pushed economy to edge by their judgment. This should stop right now and in any economy - good or bad, dividends are paid on their shares are average, at best. So it is a self consuming machine. However home owners need to sober up as well and stay away from "cheap short-term mortgages". I think it should be standard practice (i.e. no don’t allow deficiency judgments).

Banks have already pushed economy to edge by their judgment. This should stop right now and in any economy – good or bad, dividends are paid on their shares are average, at best.

So it is a self consuming machine. However home owners need to sober up as well and stay away from “cheap short-term mortgages”.

]]> Comment on Mortgage Rates Fall Below 4% For First Time by Money Beagle http://www.everybodylovesyourmoney.com/2011/10/06/mortgage-rates-fall-below-4-for-first-time.html#comment-29 Money Beagle Fri, 07 Oct 2011 16:16:36 +0000 http://www.everybodylovesyourmoney.com/2011/10/06/mortgage-rates-fall-below-4-for-first-time.html#comment-29 We're currently working with our lender to re-finance. We have 25.5 years left on a 30-year mortgage with 5.875%. A new 3.375% mortgage with a 15 year term will save us something like $70k-80k over the remaining life of the mortgage. Our base payment goes up by less than $200, which is what we currently pay extra every month anyways after paying off a student loan, and rolling that payment over. Even if you think you're underwater or think you won't qualify, you should contact your bank anyways. You might be surprised! We’re currently working with our lender to re-finance. We have 25.5 years left on a 30-year mortgage with 5.875%. A new 3.375% mortgage with a 15 year term will save us something like $70k-80k over the remaining life of the mortgage. Our base payment goes up by less than $200, which is what we currently pay extra every month anyways after paying off a student loan, and rolling that payment over.

Even if you think you’re underwater or think you won’t qualify, you should contact your bank anyways. You might be surprised!

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