Spend Mindfully | Personal Profitability

Force Yourself to Live Paycheck to Paycheck

I live paycheck to paycheck. There you go, I admit it. However, I am there intentionally. We all make choices in our lives that impact our financial situation. Sometimes those choices have the unintentional affect of making us live paycheck to paycheck. Others give themselves enough financial flexibility that they don’t worry about their bank account balance. I propose something completely different.

Force Yourself to Live Paycheck to Paycheck Read More »

How the New Student Loan Law Impacts You

Debt Management, Economy, Education

On March 30, President Obama signed a new law that redefines the roles of much of the student loan industry. The law appears to be better for the government and better for those taking out student loans. Big banks are going to take a hit, however.

How the New Student Loan Law Impacts You Read More »

What You Can Learn About The Stock Market from Lending Club

Debt Management, Investing

As you all know if you are a regular reader, I am a fan of Lending Club. Lenders on the site are exposed to the entire dynamics of a market system, and that correlates directly to what you experience when investing in the stock market.

What You Can Learn About The Stock Market from Lending Club Read More »

Colorado Payday Loan Legislation

Debt Management

As you may have picked up in the past, I am not a big fan of predatory loans that charge 400% APY. The only companies that do this are in the infamous payday loan and check cashing industry.

Colorado Payday Loan Legislation Read More »

Why Balloon Payments Are Actually Better

Debt Management

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 »

I Paid Off My Car!

Debt Management

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 »