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August 19, 2005
Friday Finance Reads
Happy Friday! I'd like to share some links to some of the better personal finance articles I've read this week. If you've come across something worthwhile that I missed, feel free to share it in the comments!
Ramit from "I Will Teach You To Be Rich" talks about what he does with unexpected money. He reminds us that there's a point to all this money saving, and sometimes we need to enjoy it.
Jose at The Anes Weblog has some good advice on car buying commemorating the event of his Mazda Miata turing 100,000 miles. I have one minor nit to pick: I believe you should never go into debt to buy a car, if you can possibly avoid it. And if you do get a car loan, you should consider how it long takes to pay it off -- I would rather pay a higher percent of my income to save money in interest by paying the car off early.
There's something to be said for keeping it simple. Here's a simple guide for how to create a household budget from No Credit Needed.
Young Miser has started what promises to be an interesting and educational series about the process he went through buying a house. There are two posts so far about how much of a mortgage payment you can afford and things to consider when choosing a lender.
Posted by Frank at August 19, 2005 8:54 AM
Comments
Posted by: Tim
at August 20, 2005 12:25 PM
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» Carnival of the Capitalists - 2005-08-29 from CaseySoftware.com
Welcome to this week's Carnival of the Capitalists. If you were here the last time, you might notice some changes.
[completely biased recommendation]
One of the biggest changes is our new sister site: CodeSnipers. It is one of CaseySoftware's contribut [Read More]
Tracked on August 29, 2005 5:40 AM
I would like to agree about going into debt to buy a car. I just had a co-worker buy a new car and now pays 450.00 dollars per month in payments. Yick. Buy a used car that you can afford in cash and put that 450.00 into a savings account for your next car or other investment opprotunities.