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Buying A Vacation Home

Category: Articles- gotalkmoney.com- 1:50 pm/ October 30, 2007

Are you planning on buying a vacation home?  If so, you should factor in a few things before signing the deed to your new place.

Your Favorite Hot Spots

Have you travelled a lot?  If so, do you know exactly where you want to buy a place?  Make sure you have been to a lot of places before making your big purchase.  You may find that you travel somewhere else and you’ll like it more than the place you bought before.

 Make Sure You Can Afford It

Experts say you shouldn’t spend more than 30% of your take home monthly pay on mortgages.  If both of your mortgages exceed this, stay away from this at all means!  If you’re going into it for an investment opportunity, we highly suggest staying away as well.

What Do You Want?

Just like when you purchased your first home, you had to decide what you want wanted.  Do you want a condo, house, cabin, etc?  Treat this as if it’s a place you’ll be at for a long time, not just a vacation getaway.

Talk With Realtors

Interview a few realtors and ask them what they think of the area.  You will usually get a honest answers.  Also look at how the pricing has gone up and down in the past few years.  Just like your home now, if you sell in the long run, you’ll want to make a profit!

Be sure to read our other article on gotalkmoney if a vacation home is really worth the hassle.

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Should I Save or Pay off Debt?

Category: Articles- gotalkmoney.com- 2:16 pm/ October 24, 2007

A lot of Americans today are in debt and who knows, you may be one of them.  We just launched an article explaining if you should either pay off your debt or save money.

 

The concept of the article is actually quite simple but we don’t want to give it all away.  If you’re going to save your money, make sure your money is making more than what your debt interest rates are.  It would be silly for you to save money when in the long run, it’s going to hurt you!

 

Here are a few debt-fighting steps –

 

  1. Pay off either your highest bill first or the highest interest rate bill.  It’s always easier to transfer as much as you can.  If you can get a credit card with a 0% balance transfer for 12 months, take advantage of this!
  2. Pay the minimum on all of the bills you’re not targeting.
  3. Get more jobs!  Deliver pizza or cut grass.  Every little penny will add up.  Just think, the more your net worth is in the positive range, the quicker you can retire.

Fighting debt can be annoying but if you have the motivation and the determination to get out of the hole, you can survive.  It’s never to late to fight debt! Get more information on our Debt Vs. Savingsarticle on gotalkmoney.com

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Countrywide Bank Offering Nice Rates

Category: CD Rates- gotalkmoney.com- 4:15 pm/ October 22, 2007

Countrywide bank has been in the news lately for some negative press regarding their mortgage loans situation but this doesn’t mean that can’t offer a good CD rate.  As of Monday, October 22, 2007, Countrywide Bank is offering the following rates that are currently number one on the gotalkmoney.com top ten charts.

6 month:  5.41% APY
1 year:  5.65% APY
2 year:  5.25% APY

More information on countrywide’s CD rates can be found on their homepage.

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IndyMac Offering Great 3 Month Rate

Category: CD Rates- gotalkmoney.com- 1:11 pm/ October 16, 2007

If you’re looking for a short term rate, IndyMac Bank is offering a great 3 month CD right now.  It’s a 5.65% APY CD with a minimum deposit of $5,000.  With CD Rates dropping in the past few weeks, this isn’t a rate you should pass up!

 The following are other terms for IndyMac Bank as of 10/16/07

6 month:  5.05% APY
1 year:  5.05% APY
2, 3, 4, 5 year:  4.75%

 All of these CD rates are beating the national average.

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Saving Time Budgeting Your Money

Category: Articles- gotalkmoney.com- 11:40 am/ October 13, 2007

You may not realize it but when you pay your bills, manage your portfolio, and fix your budget, this may take up a lot of your time throughout the week.  There are a few alternatives out there that may save you a few minutes of your time.

How much time do you spend during the week on your budget?

 What does your budget usually consist of?

 Do you use bill pay or online retirement services?

Refer to our newest article on Saving Time Budgeting Your Money.

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