7 Reasons Why You Should Never Borrow Money For a Down-Payment


Last week, a friend tagged me in a Facebook post requesting my personal finance wizardry skills regarding borrowing to make a down-payment on a home, and I was happy to oblige. Unfortunately, when I saw what the authors of the post were advocating, I couldn’t help but give my heated two-cents. The authors of the post did not take well to my voice of reason and my comments were deleted and I was promptly banned from the Facebook page. The post I was responding to was by a local mortgage broker encouraging people to take out a line of credit in order to make a down-payment on a home. They touted low interest rates and stable house prices a reasons to take advantage of the opportunity, then drove the point home that doing so would put you ahead of renting using some really manipulative math. You can view the original post here, but the gist of it was […]

7 Bloggers You Should Read While I’m Away


As you read this message, yours truly is stomping through a jungle, hiking a volcano, or trying to get her iPhone back from a monkey. I’m in Costa Rica until the end of the month for my honeymoon so unfortunately cannot blog my little heart out during this time, but I do think this is an excellent time to introduce you to some of my favorite bloggers so you have tons of content to keep you occupied while I’m gone. Blonde On a Budget Chances are you already read Cait because she is a big deal. Cait & I have been blogging buddies and friends for years, and I’d probably be a rabid shopaholic without her inspiration and influence for minimalism. Cait is in the middle of a two-year shopping ban, and always has insightful posts on how to live with less. Unsettle The genius behind Unsettle is my friend […]

Savings Opportunities for Graduates Sending Money Abroad

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If you’re and international student that has recently graduated from university, it’s likely that you haven’t returned home yet. This is common for graduates. Many choose to stay for an extended period of time in the country in which they studied: They become ensconced in a new culture. They meet new friends, acquire culture specific skills, perhaps learn a new language, and possibly find important employment or internship opportunities. For individuals like this, it is important to save as much money as possible when sending money back home for whatever reason: maybe you need to send money home for an extended visit. Maybe you will be supporting friends or family (remittances) back home. Maybe you are preparing to move back at some future time. In any of these situations, it should come as no surprise that you’ll want to save as much money as possible on the transfer of these earnings. You’ve studied hard. You’ve […]

Mid-2014 Check-In


Now that half the year has passed, it’s a good opportunity to check in on your progress towards your personal and financial goals. I try to check my progress quarterly, but I usually find the end of June is really when I have an idea where I’m going to end up. This year? Not so hot. Click here to read my original 2014 Goals & Plans I ended up with a small income tax refund when I was expecting a much, much larger amount — as in, $4,000 more. Since my original intention was to go on vacation with the cash and then bank any leftovers for next year’s tuition, I had to make some serious adjustments to my original plans. Without a fat income tax refund, I axed the vacation. I assumed I wouldn’t get to go anywhere this year, but 2 weeks ago a side project took me […]

Insanity Workout: Putting A Price On Fitness


The Insanity Workout is the best worst thing to happen to me. As many of you know, I’ve been on a fitness kick in 2014 and after working out for a few months,  I decided to tackle the Insanity challenge. Insanity Workout: The Insanity Workout is a 9 week fitness program of high-intensity interval training 6 days per week. The upfront cost is about $120 for the DVD set, but the good news is you do not need any fitness equipment to complete the workout! I figured since gym memberships and fitness classes run as high as $20 a pop, sinking $120 into a 2 month program I could reuse in the future didn’t seem unreasonable. In the spirit of frugality, I split the cost of the Insanity Workout with my boyfriend which not only saved me some cash, but provided a workout buddy to keep me motivated! What do you do?  […]