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Personal Finance By The Book

Personal Finance By The Book

5 Easy Ways to Pay Your Mortgage Early

March 3, 2014 by Joe Plemon 4 Comments

Paying your mortgage early can be relatively pain free, but, before getting started, you need to take care of some basic prerequisites.  I recommend that you:

Filed Under: Debt

How Does a Payday Loan Work?

August 21, 2013 by Joe Plemon 4 Comments

A payday loan (also referred to a payday advance) is a small, short-term loan which is secured against the borrower’s next pay check. Most lenders will require some verification of employment or income, such as a pay stub or bank statement.

Filed Under: Debt, Dollars and Sense

What Keeps You Awake At Night?

February 27, 2013 by Joe Plemon 1 Comment

A Discovery Health study indicates that 80 percent of respondents do not get enough sleep.  Furthermore, the effects of sleep deprivation are much more profound than feeling a bit drowsy: memory loss, weight fluctuations, a weakened immune system and high blood pressure.  And the number one cause, according to sleep.com web site, is stress. Some […]

Filed Under: Budgeting, Debt, Retirement

Is Buying a New Car For Zero Percent Interest Loan a Good Idea?

August 2, 2012 by Joe Plemon 45 Comments

My friend Larry recently asked me a good question that led to a challenging question: “Joe, isn’t it true that everyone needs to be putting aside money every month for a car fund?” Joe, “Well, yes. Although some may be wealthy enough to have a nest egg generating vehicle purchase money, the vast majority of […]

Filed Under: Debt, Dollars and Sense, Vehicles

4 Reasons You Should Not Use Your 401k to Pay Off Your Credit Card

June 19, 2012 by Joe Plemon 51 Comments

Four Reasons You Should Not Use Your 401k to Pay Off Your Credit Card

Q:  We have $30,000 in credit card debt and it seems it will take forever to get it paid off.  Should I use money from my 401(k) to pay off that debt?  I am 35 years old. A:  I realize, when you see that money sitting in your 401(k), that there is a temptation to […]

Filed Under: Debt

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