Radical Finances

Is it time for me to refinance? My mortgage origination company thinks so

I closed on my home almost two years ago. And while I made the terms a little longer than I needed to, my plan currently is to pay it off as if it were a 15 year mortgage. As I’ve written about before, my most pressing task is removing Private Mortgage Insurance, which I need … Continue reading »

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What’s a mortgage refinance?

You might think that the life cycle of owning a home is that you buy something, get a mortgage, pay off mortgage, and then live happily ever after. But this omits the fun world of mortgage refinance. Because it was so fun to go through the process of getting a mortgage once, you can go … Continue reading »

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What about Bitcoin?

A few years ago, the online dating site OkCupid added a new payment option. It said: “Civilization Collapsed? Pay with Bitcoin” This was the first time that I saw Bitcoin being taken (somewhat) seriously as a payment method. Bitcoin is a sprawling topic, and I won’t even begin to do it justice here. I think the … Continue reading »

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What about gold?

I love talking about investing. A slow and steady plan that can enable almost anyone to ensure a comfortable future for themselves and their loved ones? Yes please, sign me up. When I talk about investing, I speak exclusively of mutual funds, enclosed in an IRA or 401(k) (or equivalent). There are other ways to invest … Continue reading »

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Why is the budget monthly?

Our system of budgeting is pretty arbitrary. I recommend that everyone make a spending plan based on the calendar month. Twelve months a year: twelve plans a year. Could we do things another way? And are any of them better?

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The arbitrary nature of a month, or does it really matter when you spend?

Last month was a little challenging for me, money-wise. While every month I separate my allotted spending money into categories ($300 for Groceries, $60 for Transportation, etc.), it’s really just a best guess. The month had a number of expenses (in my Fun/Misc category especially) such that, by mid-month, I was effectively done with that … Continue reading »

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Past performance is no guarantee of future results, or is it?

Any time you read any financial prospectus or ad, or watch a commercial about any investment opportunity, or really, ingest any financial media at all, one phrase will always show up in one form or another: “Past performance is no guarantee of future results” This phrase deserves more scrutiny, I believe. After all, it’s practically … Continue reading »

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Keep a list of bill payment methods

So just like with expenses, there are a number of methods which can be used to pay bills. And there are pros and cons to each method. One of the issues that comes up with bill paying is that you will need to periodically update your payment information. This most often occurs when you get … Continue reading »

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What payment method(s) to use for bills

Choosing your method of payment for things isn’t as straightforward as you might think. That’s why I created a short guide called “How to spend money“. But I was really just talking about expenses in that post. What about bills?

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Don’t fear moving to a new tax bracket

Do you know your tax bracket? I’d say a good number of people do. But do you know what happens when you jump up to a new tax bracket? I’d say a good number of people do not. Tax season is over (unless you pressed the IRS snooze alarm filed an extension), but as your … Continue reading »

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