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Frugal Living, Saving Money & Life Hacks

Frugal Living, Saving Money & Life Hacks
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3 Signs You Need Help with Your Debt

One of the most difficult issues to overcome is debt. If you have a lot of debt, it can be difficult to move forward with your finances. The interest payments suck away your disposable income, and once you are stuck in the cycle, it can take serious effort to get out. In some cases, you might even need help dealing with your debt. You can get help from a legitimate counselor with the National Foundation for Credit Counseling, or get help from a fee-only financial planner. Here are 3 signs that you might need to seek professional help with your debt: 1. You Only Have Enough for Minimum Payments When you only have enough money to make minimum payments, that’s a huge red flag. It means that

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Frugal Living, Saving Money & Life Hacks
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What Do You Do With Your Savings?

One of the basic pieces of advice that we are often given about money is to save more. But where do you put that money? And what should you do with it? Create Goals for Your Savings While saving money just to save money does make sense in some ways, the reality is that few of us are willing to keep doing something “just because.” As a result, it makes sense to carefully consider your desired outcomes and figure out what you hope to accomplish with the money you are saving. First off, really think about what you hope to have happen with your money. Do you want some of it to go toward creating a comfortable retirement? Do you hope to save up enough

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Frugal Living, Saving Money & Life Hacks
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Why I’d Rather Pay $10,000 to Unload My House Than Become a Landlord

There are people out there who are made to be landlords. They like the idea of having someone else pay the mortgage on a home or apartment building and enjoying the ability to build equity on the property without using their own money. Once the property is paid off, the monthly rent is income (offset by the cost of taxes, insurance, and keeping the property up). I totally get why some people love the idea of getting into real estate and renting out property. I even get why many people who, upon moving, decide that they would rather rent out the old home than sell it. I am not one of those people. I am getting ready to move across the country, and my husband and I

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Frugal Living, Saving Money & Life Hacks
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Watch Out for Interest-Only Home Loans

Now that the economy has picked up some, the housing market is recovering a little, and memories of the financial crisis are fading, some lenders are re-introducing a few “creative” financing methods. It’s possible to get an interest-only mortgage again, or get a loan with a low, low rate at the beginning. An interest-only loan is tempting because the borrower only pays the interest each month. This state of affairs can last from five to 10 years. When you only pay the interest, it feels like you can “afford” more house. You aren’t paying the principal, so you are only paying one part of the loan, and it seems like a good idea. However, you could actually end up in big

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Frugal Living, Saving Money & Life Hacks
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Chocolate Substitutes

Bittersweet chocolate, semi-sweet chocolate, unsweetened chocolate – with so many different types of baking chocolate out there, it’s all to easy to find that you don’t have the one that you need. Fortunately, these simple substitutes can save you a few bucks and a trip to the store. Chocolate Substitutes: Bittersweet Chocolate Dutch-Processed Cocoa Powder Mexican Chocolate Semi-Sweet Unsweetened Cocoa Powder White Chocolate Substitute Photo © Erin Huffstetler Follow on Facebook | Follow on Twitter | Follow on Pinterest

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Frugal Living, Saving Money & Life Hacks
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Spring Clean Your Freezer

Go through your freezer(s) this week to see what you have on hand. Then, get everything organized and worked into your meal plan, so you’ll have space to spare when all of those fresh fruits and veggies arrive. Here’s everything you need to whip your freezer into shape: Printable Freezer Inventory List Printable Freezer Labels The Shelf Life of Frozen Foods Is It Safe to Eat Freezer Burned Food? Free Meal Planners How Often Should I Defrost My Freezer? How to Defrost a Freezer How to Maintain Your Freezer Photo © Erin Huffstetler Follow on Facebook | Follow on Twitter | Follow on Pinterest

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Frugal Living, Saving Money & Life Hacks
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Save on Mulch

Need to get some mulch on your garden? Save some cash by looking for ripped bags at Home Depot or Lowes. Both stores repackage their broken bags, and sell them at a discount (usually half price). They also do this with soil, sand and gravel. If you don’t see any repackaged bags, just ask where they keep them (or when they’re likely to have more). Related Reading: How to Get Free Plants Make a Soaker Hose Make Your Own Fertilizer Photo © Erin Huffstetler Follow on Facebook | Follow on Twitter | Follow on Pinterest

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