How we paid off our mortgage in 6 years

How we paid off our mortgage in 6 yearsIf you have ever heard the phrase “A day late and a dollar short,” it applies to me. After spending six years looking forward to the day when I could burn my mortgage, my final lump sum payment was $1 short of paying off the $1,979 balance. So instead of being mortgage-free on Oct 31 which had been our goal, the final $1 came out on November 1, which was…

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Helping Your Aging Parents Deal With Financial Planning

Helping Your Aging Parents Deal With Financial PlanningYour parents have been offering security, comfort and assistance throughout the years and it is now time to give something back. Elderly people will feel overwhelmed by financial planning and making sure that they have enough retirement resources. Assisting your aging parents with financial planning will require a bit of research and the desire to examine different strategies. Good financial planning is all about personalization. Have a Talk about It…

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If You Have 10 Years Before Retirement

If You Have 10 Years Before RetirementThe November issue of Money magazine contains a bunch of retirement articles. It must be their retirement issue. I am planning to evaluate each article one at a time to see if I agree with their position. The first article is about preparing for retirement with a checklist for you to compare to at 10, 5, and 1 year out. Let’s do the 10 years out scenario today. Saving Money…

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Emergency Funds — The Key to Weathering Financial Storms

Emergency Funds -- The Key to Weathering Financial StormsOver the last few days, we have watched with horror as Hurricane Sandy has roared up the East Coast of the United States. We have seen the devastation that a storm can cause, both in a physical sense and in an emotional one. Some of America’s largest cities have been severely damaged. The power of nature is truly an awesome sight to behold. As with any big storm, scores of people decided either to…

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