Home Budgeting

Category: Budgeting


HAMP Still Not Performing as Projected

Reports out of the Congressional Oversight Panel have indicated that the HAMP (Home Affordable Modification Program) project has not lived up to expectations. The program, which began in March of 2009, when the Obama Administration published the Making Home Affordable (MHA) Program, gave mortgage services the tools necessary to begin defaulted loan modifications in the...


Why Buying a New Build House Will Save You Money

When you are looking at new homes, a lot of decisions need to be made. Maybe you are expanding your family and need a home that fits your needs, or perhaps you are getting to an age where a simpler home is what you desire. Regardless of the reason, choosing a new home is a...


The Endowment Effect-A Really Difficult Challenge

Biases distort our view of the world and lead us to make wrong investment decisions. When written down simply, we can laugh at the simplicity and boast that we would never be taken in. However, it will happen to you time and again. Let me illustrate with two stories, one personal and one involving one...


Why You Need To Be Aware of Mental Biases

We all have biases that restrict the way we manage and profit from our savings. The way we think and the mistakes we make are studied by behavioural scientists and it is important to be aware of these challenges when we are making investment decisions. The first bias we need to address is the tendency...

financial crisis

How Can We Believe That U.S Recovery Is Not Too Slow?

It’s clear to see that the US economy is not growing at the rate the central bank wants it to. After the recession and the financial crisis, it’s understandable. Fortunately, as per reports and statistics available, the US economy is recovering at a much better rate than any other economy does after a financial crisis....


Pay Off Your Debt In 5 Easy Steps

You can pay off your debt in 5 easy steps. You might be reading that thinking that it can’t possibly be true, considering how much debt you are carrying. Before you resign yourself to paying high-interest rates and making minimum payments for the rest of your life, you should at least give this plan a...