Couples Finances – Newlyweds

Couples Finances – Newlyweds

You just got married; the honeymoon’s over; a lot is changing quickly; and many things are competing for your attention, including your new spouse. While you hope romance will be foremost, Life will inevitably take on greater importance, with no greater reality than the major way money will impact your life. To help your prepare, let’s highlight some of the more important financial issues that you’ll likely face. As a  reminder, we covered two aspects of Couples Finances in other

Buy versus Rent a Home

Buy versus Rent a Home

Deciding whether to buy or rent a home is a big decision, and we’re sure you’ve heard that renting is throwing money away, or some variation of this statement (e.g. when you rent you are only paying the landlord’s mortgage). In this three-article series we’ll examine various aspects of buying versus renting. You’ll discover the “right” answer would vary by personal preference and a mix of financial and emotional arguments. Firstly, let’s explore some of the general

Wedding Dreams & Finances

Wedding Dreams & Finances

Getting married is one of the most exciting decisions you’ll probably ever make. For both bride and groom, planning a wedding can be an emotional roller coaster – on one hand, you’re filled with euphoria, and on the other, you feel stressed from the countless decisions to be made. In addition, as with most important life events, planning a wedding can be a source of financial stress because you have to balance your wedding dreams

A $mart & Merry Christmas

A $mart & Merry Christmas

♫ Oy yoy yoy ay yay yay! It’s Christmas! Merry Christmas! ♬ Are you walking around singing Baron’s tune all day? Well ‘tis the season for parang, black-cake, and endless food and drinks. But are you feeling a little anxious over the added expenses that come with the festivities? Well you don’t have to lock your door or say you’re sick just to avoid the costs altogether. It only takes a proactive and creative approach

Rule of 78

Rule of 78

The Rule of 78 is likely to appear in a couple of our posts, so we decided to do a separate post to explain it. There is a little math involved, but it’s very straightforward. The Rule of 78  (also known as the “sum of the digits”) is often used as the the basis for companies to earn interest on loans, calculate interest rebates, or even calculate car insurance refunds. Understanding how it works and

Understanding Hire Purchase – Part 2

Understanding Hire Purchase – Part 2

Hire Purchase (HP) is likely the most common way household items are purchased and financed and is sometimes regarded as an easy way for persons of lesser means to afford certain necessities (or luxuries). But HP transactions are not straightforward. For clarity, we are not suggesting this is a reason to avoid them. On the contrary, our objective is to identify the points you should be aware of, so you have no cause for later

The Debt Decision

The Debt Decision

A financial lifestyle choice that CariDollarsAndSense recommends is for everyone to always Be Uncomfortable With Debt. We also believe that true Financial Freedom is only achieved when we are debt free, which is one of our Cari$ Rules for Financial Freedom. Being in debt impacts our lives in so many important ways that we have dedicated several articles to the topic covering: Affordability: How Much is Enough Debt Part 1 and Part 2 Understanding interest rates: APR

Bad Debt & Wealth Erosion

Bad Debt & Wealth Erosion

This is a continuation of the posts Be Uncomfortable With Debt and Good Debt and Wealth Creation. In Be Uncomfortable With Debt we recommended that you should approach borrowing carefully and make an informed decision if new debt is right for you. A major factor in this decision would be the impact of new debt on your net worth: does it add or erode? In Good Debt and Wealth Creation we examined borrowing purposes that would

Page 1 of 3123