Four Rules Of Thumb That Are Thumbs Down

For many years I have seen articles galore in the major magazines giving consumers “rules of thumb” about making financial decisions.   In a society today where we want to get all of our information in sixty seconds or less, many of these magazines can talk one week about five dollar meals to make and then the next week discuss major financial decisions to make in your household.   I’ve never really been a big fan of “rules of thumb”, so here are four major financial “rules of thumb” that I am simply thumbs down on when it comes to making smart money moves.  Rule Of Thumb #1- 2% Difference In Interest Rate To Refinance –   Many popular magazine and newspaper articles will suggest that you generally shouldn’t consider refinancing unless the difference between the new interest rate and your old interest rate is 2%.    This “rule” makes very little sense to me. What you want to be considering are a handful ...

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Why Do We Love Coupon Sites So Much?

It’s true, we all love to get a deal.  In fact, I’m pretty certain that if your married, your wife your husband came home one night and said, “Don’t you just love this new (insert word) that I bought today.  Even better, I got it on SALE!”    Why is it that the word SALE or DEAL puts into a hypnotic state reminding me of how Fred Flintstone looked in that one episode where he turned into a zombie every time he heard the word bet?   There’s just something so juicy about thinking that you got something for nothing.   Or at least that you got something for something less than you thought you were going to pay for it when the buying process started. Gary Lipovetsky, CEO of  DealFind (www.dealfind.com) says, “Everybody wants a great deal and a cool way to save money.”  With the proliferation of different coupon and deal sites, it can often be hard to figure out whether ...

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If Time Equals Money You Better Know How To Uncheck A Box

The names of two very famous magazines are front and center on the racks of grocery and book stores all across the country.  Those two names are Time Magazine and Money Magazine.   As I’ve learned over the years, time and money are two really interchangeable parts and it is usually tough to have to both at the same time.   In a famous Eagles song they sing, “You can spend all of your time making money, or spend all of your money making time”. With the proliferation of the internet, we are often encouraged to sign up for services with different companies on line that are supposed to offer us services or deals that can save us time or money.  These range from our MP3 players to coupon sites to the colleges we attended. If you are like me, many days I open my e-mail and wonder how I got on the newsletter list which sits in my e-mail box that ...

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