Budget Snob

Personal Finance for Young Professionals

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Investing to improve your personal finance can be a particularly tricky situation and there are different roads to achieve this common goal. It is entirely dependent on you to decide how you want to save your money, but we will surely lead you to get the best routes!

Investment market is the best way to save some money as well as discover some returns. Many young professionals think of the present only and fritter away money in chase of happiness now. However, what they forget that the infinite future lays ahead when they would also need to meet other commitments in life.… Read the rest

How NOT to Time the Housing Market

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Ha ha! Great chart from the Calculated Risk blog (You don’t mind do you, Bill?). Amazingly, the arrows are depicting a true position. Lucky (dumb luck) for me I bought and sold in the same month—Oct 2006. Five years ago this month.

The chart looks ominous in my opinion. Have you ever heard of a dead cat bounce? How about Enron? There you have it.… Read the rest

Don’t Let Your Mortgage Control Your Life

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With the current mortgage crisis gripping the whole world, and foreclosures still going on at an alarming rate, your mortgage may be at the top of the list. The stress is affecting people everywhere, but you can’t let your loan control your life.

The Crisis Isn’t Over Yet

Though economies around the world are showing signs of recovering, that does not mean we’re out of the crisis yet. Foreclosures are still continuing at an alarming rate, and the stress of keeping up the bills is affecting many people around the world. Here are eight tips to help you beat the heat:

… Read the rest

Home Loans for the Self Employed

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Getting a mortgage while being self employed in some cases is more difficult but there are definite methods of receiving a home loan when it is required. It can be, however, quite different to when a person is employed by another company.

The Process of Getting a Mortgage while Self Employed

When a person is running their own home business, but they need a mortgage, the process is very different compared to a regularly employed person. The way that a person assesses their income can be complex. Many times as a result of this difficult process, individuals who are self employed have a hard time receiving the mortgage that they need using their tax returns.… Read the rest

Take Control of Your Home Loan

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Owning a home today is one thing many people strive for but aren’t aware of the burden a mortgage can become.  It is one of those payments that is necessary but you dread making it month after month for years on end.

When homeowners think about reducing their debt they typically do not include a mortgage as part of their bad debt. We are more concerned with the credit cards and personal loans that tend to acquire over a lifetime.

Though seeking a debt consolidation will greatly reduce your debt and the interest you pay by combining your additional debts within your home loan, focusing on reducing your home loan can also save you thousands.… Read the rest