March 31, 2013

How Does Inflation Affect a Mortgage?

Karen writes in: My brother has argued with me that I shouldn’t make any extra payments on our mortgage because we’re losing money over the long term by making early payments. He says that with inflation at 3% and our money able to earn 1% at minimum in a savings account and more if we do other things, we’re losing money by making early payments on our 3.75% mortgage. […]

The Recreational Choice

Connie writes in: I don’t see how saving money really works for a family making minimum wage. Let’s say you have two people who make minimum wage at home so they only bring home about $15,000 each. If the family spends $1,000 a month on housing and $500 a month on their automobiles and $500 a month on food, that’s $12,000 a year right there. […]

Reader Stories: I bought a duplex to save money on rent

This story is from Karl Boericke. He is the author of The Frugal Berry, money-saving tips of all kinds for home, office, and small business. In 1990, I was honorably discharged from the Navy and quickly found a job in an electronics manufacturing company as a technician in their test department. […]


For those of you new to Free Money Finance, I post on The Bible and Money every Sunday. Here's why. Today I'm posting Proverbs 21:17, a verse that talks about the impacts of over-indulging. […]

Extremely low-tech greywater toilet flushing system

Utilities make up a dependable expense in a family’s budget. Along with grocery expenses, it’s also a place that usually has a bit of slop that can be removed if things get tight. And if cleanliness is next to godliness, certainly we all take regular showers or baths. […]