Category: Debt


Yours, mine, and ours – family finance

Have you seen the 1968 movie “Yours, Mine and Ours” starring Henry Fonda and Lucille Ball?  I love it.  It’s so hilarious. The 2005 movie “Yours, Mine & Ours” is a remake.  It was played by Dennis Quaid and Rene Russo.  It’s good, too, with kind of modern flavor. It talked about a blended family.  The guy had 10 children, and the gal had 8 children.  They fell...


Living below your means is not easy

It’s well known that, living below your means is the right thing to do.  But, it’s easier said than done. This is my personal story, and I’d like to share it with you. In the spring of 2000, I bought my first house.  The mortgage was the 30-year term, with the fixed rate of 8.25%.  You must be thinking that, it’s insanely high.  You are right.  That was...


Use Home Equity Line of Credit (HELOC) Wisely

Are you a homeowner?  If yes, probably you noticed that, the value of your home went up lately.  Today we are going to tackle the details of the Home Equity Line of Credit, abbreviated as HELOC. Sometimes it’s simply called ELOC. Knowledge is power.  Next time, when you are in the bank, the banker may want to drag you to his/her office with all smiles, and try to...