Guidelines for creating a budget The 28% rule (called the Front-End Ratio in the lending world): This widely used guideline suggests that your monthly housing costs including (mortgage payment, property taxes, insurance, and potentially PMI) should not exceed 28% of your grow monthly income. Please understand that 28% of your gross income is an industry…
Family time
If you are looking for things to do as a family, there are a couple of books that I recommend reading and discussing as a group. The books below have a lot of valuable information in them; however, I’m afraid if you hand them to your middle schooler these books will not keep them engaged.…
Buying A House?
The Consumer Financial Protection Bureau has great resources if you are looking to purchase a home. Starting with warning you about Mortgage Scams all the way to guiding you through how to read the closing forms. You should never sign something you have not read or don’t understand. Please Note: Your loan officer works for…
Money Smart – A Financial Education Program by the FDIC
The FDIC Money Smart financial education program can help people of all ages enhance their financial skills and create positive banking relationships. First released in 2001 and regularly updated since then, Money Smart has a long track record of success. Featured Resources How Money Smart Are You? Learn about everyday financial topics through 14 interactive…
CFPB – Consumer Financial Protection Bureau
The CFPB has lots of resources for consumer education. There is so much information in each one of these links I could do a blog post on each link. But if I did that it would take forever for you to get the information, so I just posted the links that pertain to consumer money…