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Moolanomy
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A personal finance blog about my journey to build $1 million investment portfolio by 2017. Here, I will share with you information that I have found useful on my journey.
Recent Posts Tagged With 'debt'
Weekend Reading: August 24, 2008
I’m going to keep this round up nice and short since my family isn’t doing so well with cold and fever running rampant. 13 Ways To Save Money And Go Green at My Two Dollars — A lot ...
Retirement Savings versus Student Loans
Prioritizing retirement savings against paying down student loans is a very common money management question for young workers today. This wasn’t the case in prior generations where college gra...
Weekend Reading: August 17, 2008
A Story About American Economy This week a friend of mine sends a story that funny, yet revealing about the fading American economy. The story was entitled: Why you cannot find a descent job in Amer...
Reader’s Question: Financial Priorities And A Windfall
Last Friday, I received a question from one of my readers. He asked that I respond publicly so that others may pitch in with their opinions. However, I took it a step further and passed his question...
Start An Emergency Fund Or Pay Off Debt?
No long ago, I participated in a lively conversation in the GRS forums entitled: Debt Snowball vs. Emergency Fund. The premise is very simple. Should the person start an emergency fund while he̵...
Moolanomy’s Past Articles By The Number
My family is going on a vacation for a few days. We’re going as far south as Virginia Beach on this trip and I look forward to see the Chesapeake Bay Bridge-Tunnel and neighboring area. I wi...
Do We Really Need What We Want?
The most valuable lesson I’ve been taught came from my dad –- from the day I was a little girl being bounced on his knee till today when I’m a career woman in my own right, dad has just one piec...
Are You Financially Healthy? The 5 Stages
Last night, I was pondering the subject of cash flow (essentially how money flow through our hands) and about financial well being. I played around with various visualizations that consist of income,...
Weekend Reading: June 15, 2008
Great Articles If you haven’t seen Personal Finance Buzz, please visit, sign up, and give it a try. Some of the most popular articles of the week include: Alas, problogger, we hardly knew ye a...
Should I Borrow From My 401k Plan?
A friend at work is thinking about borrowing from his 401k plan to fund his business start-up. He mentioned it to me and I told him that it’s a terrible idea to borrow from 401k. It may soun...
What’s Your Financial IQ? Here’s A Test
Following the success of previous “Frugal of Cheap” test, I am going to throw another one out there for your enjoyment. I hope that you’ll like this as much as the last one and find...
Money Hacks Carnival #13 — Money Saving Hacks Edition
Welcome to the “Money Saving Hacks” edition of Money Hacks Carnival. We have over 60 submissions this week, so this is a fairly long carnival. Let’s start off with the editor’...
Touching Peoples’ Lives
When I started blogging, I’d never thought that my writing could possibly impact anyone. Above all else, it was a way for me to learn more about money management. It was more about me than it ...
Credit Card Arbitrage, Is It Worth It?
This article is not meant to convince you to try credit card arbitrage — rather, it’s meant to start a discussion around it. Ultimately, I would like to hear your thought on credit card a...
7 Money Management Tips for Seniors (GP)
Many of us are working toward a comfortable retirement so that we can relax and enjoy our golden years. Money experts often give advice on how to reduce debt and retire early, yet they overlook the pe...
Are You Selling Your Credit Score?
I knew that applying for too many credit cards could adversely effect on my credit score. However, the concept wasn’t picture perfect until I read Rocket Finance’s story where he said, &#...
Peer-to-Peer Lending and Bloggers Ethic
Last week, my friend Gibble sparked a little controversy with his post “Why I think P2P lending is a bad idea.” He believes peer-to-peer lending as bad because it propagates myriad proble...
ABC of Wealth Building
At the end of last month, I discussed how the basic net worth formula reveals several money management insights. As part of that article, I started a little game where I ask my readers and other blog...
Credit Safety On The College Campus (GP)
About the Author: This is a guest post by Tisha Kulak, is a writer for CreditorWeb, where she writes about student credit cards and responsible credit card use. + + + Students going off to college are...
The Basic Formula of Wealth
One of my favorite subjects that I talk a lot about on this blog, is the subject of wealth. As you know, I share my net worth monthly. Although there are many beliefs and philosophies on how wealth ...
What is Debt-To-Income Ratio (DTI) and Why Does It Matter?
For someone who doesn’t carry a lot of debt, I didn’t give Debt-To-Income ratio a serious thought until I start lending money on peer-to-peer lending networks — i.e., Prosper and Le...
What To Do With The Fed Economic Stimulation Package Tax Rebate?
So the stock market is doing badly and there’s fear of recession. To combat our economic downturn, the Fed slashed interest rate by three-fourths of a percentage point, and the Congress hammere...
6 Easy Ways To Simplify Your Finance
One of my favorite motto is: “simpler is better.” I think it’s crazy how someone like Madison can have 181 accounts and still live a sane life (hi, Madison). Since she shared her s...
7 Steps Debt Reduction Illustrated
1. You owe money on 4 credit cards. Uh, oh! Note: The 1st number is the balance, 2nd number is the credit limit, and 3rd number is the interest rate 2. Call for lower interest and “no fee 0% APR...
Carnival of Personal Finance #127 - Wonders of the World
I found this great list on Wonders of the World so this week carnival will be based on wondrous things in the world. There are a lot of submissions this weekend but I did manage to read through them ...
Moolanomy weekly roundup #14: “Frugality″ edition
This has been another great week for the M-Network with our aggregate feed now moved to FeedBurner Ad Network. For our subscribers, this mean faster feed, less encoding errors, and you can actually s...
Moolanomy weekly roundup #11: “Investing” edition
This week money lesson was about investment vehicles, so I think it’s appropriate to have an investing themed weekly roundup. Also, I wrote “The Weak Dollar is Killing Americans’ Wealth&...
107th Carnival of Debt Reduction - New York Edition
Welcome to the 107th Carnival of Debt Reduction. It is a great honor to be your host for this fine Carnival. Without further ado, let us take a tour of New York City. The Statue of Liberty …sta...
Money Lesson #1: Basic Finance, Cash Flow, and Risk Management
A few nights ago, it dawned on me that being the sole handler of our family finance is our biggest liability. That is a huge risk, if something ever happens to me. Even if I take out an insurance po...
Why not teach money management to kids in high school?
I have been giving this subject a lot of thought lately. After reading Should Schools have Money Management Classes?, an excellent post from Fortune Watch, I am finally going to write about this. As...