I work in finance at a large company. We get leases and loans for large purchases, just like a consumer. When we sign a new lease or loan contract, they often have balloon payments, just like consumers. Part of my job is to determine whether it is a better deal for the company to lease or buy new equipment, and balloon payments are always favorable compared to loans without balloons.
Why Balloon Payments Are Actually Better Read More »
Long before I had this blog, I had a car loan. My old car, a hand-me-down 1990 Volvo Stationwagon with about 200,000 miles, decided to stop working while driving west on Belleview Avenue one summer morning. Fixing it would have cost as much as the car was worth, so I decided to get a brand new one.
I Paid Off My Car! Read More »
Hi everyone. If the title didn’t give it away, today is my birthday. This twenty something is half way to thirty something. On February 4, 1985 at 9:02am central time, I was born. On February 4, 2010, I am excited to take advantage of the last birthday that comes with something new.
Birthday Blogging: The Perks of Age Edition Read More »
I have taken Ramit Sethi’s thoughts on making an extra $1,000 per month to heart. I am not there yet, and would like to figure out a better way to keep things balanced, but I have found a fun, income producing hobby that I want to share with you.
How I Make More Money in Spare Time Read More »
I made a good find and thought I would share it with all of you. I plan to purchase this stock in my personal portfolio and to recommend it to the class for a fund.
Budgeting, the exercise of personal finance, can make a big difference. Going from no budget to watching your expenses can save you a lot of money. However, as some financial bloggers point out, it is important to go for the big kills rather than a nickel here and a dime there. Cutting your rent, insurance, and cable/Internet bills can save big over the course of a year. Even more important, though, is income.
Budgeting to Save Money is Like Excercise to Lose Weight Read More »
