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Can you tell the difference between good and bad debt?

By: Bogie Boric Personal Finance Views: 7291 | Comments: 1 | Votes: 0

Bogie Boric

Is there such a thing as good debt? Yes. Is all debt bad? No. Debt is simply the obligation to repay an amount for services or purchased property funded by another.   Bad debt is debt that strains personal financial stability. Credit cards can be valuable in establishing credit history but they are often misused. Creditors take a long hard look at your good debt. More

Cheap thrills – how to stretch a social budget

By: Bogie Boric Personal Finance Views: 7258 | Comments: 0 | Votes: 0

Bogie Boric

Tight budgets can play havoc with our social lives, but just because our finances are limited doesn’t mean our entertainment options have to be. There are loads of tricks to financial damage limitation when it comes to going out – here are a few ideas on how to maintain a social presence without blowing the bank. More

Comparing Car Insurance Rates Online

By: Bogie Boric Insurance Views: 11531 | Comments: 0 | Votes: 1

Bogie Boric

If you want to make the most of your budget, a great place to start is with your car insurance.  Different companies can charge dramatically different rates for the same level of protection.  In fact, rates can vary by more than $1,000!  So it pays to shop around.   And don’t just shop price. More

The pros and cons of the flexible mortgage

By: Bogie Boric Home Loans Views: 2360 | Comments: 0 | Votes: 0

Bogie Boric

The two main types of mortgage that lenders have traditionally sold are the fixed rate mortgage and the variable rate mortgage. These two products are similar in many ways, in that every month a set amount needs to be paid back to the lender (unless an emergency ‘holiday’ arrangement has been made), and if this is not done then the borrower has got serious problems. More

Choosing A Mortgage

By: Bogie Boric Home Loans Views: 2368 | Comments: 0 | Votes: 0

Bogie Boric

Getting a mortgage can be one of the most difficult decisions a person can make. Because of the vast array of mortgage products that are available it can be confusing and more than a little daunting.  Here are a few things to consider when deciding on the right option for you.   The first step is to decide which method of repayment best suits you. More

Make the most out of your 401(k)

By: Bogie Boric Retirement Planning Views: 5913 | Comments: 0 | Votes: 0

Bogie Boric

This year (2007) you can contribute up to $15,500 to your employers' 401(k) plan. If you are older than 50 add an extra $5,000 in catch-up contributions for a total of $20,500. If you are eligible to participate and your employer offers matching contributions there is no reason for you to say "no" to this free money. The important point is that this is tax-deferred growth. More

Tax benefits of owning a home

By: Bogie Boric Tax Planning Views: 7592 | Comments: 0 | Votes: 0

Bogie Boric

Deducting mortgage interestIn most cases, you can fully deduct your mortgage interest secured by your primary or secondary home. Beginning in 1987, mortgage interest to buy, build, or improve your home (acquisition debt) up to $1,000,000 or home equity loans up to $100,000 became tax deductible. You can only claim this exemption once every two years. More

Roth IRA Basics and Benefits

By: Bogie Boric Retirement Planning Views: 28365 | Comments: 1 | Votes: 0

Bogie Boric

The Roth IRA is one of the smartest saving and retirement planning tools available to investors. Unlike the traditional IRA or 401K, contributions to the Roth IRA are not tax deductible, but the benefit of the Roth IRA is the ability to make withdrawals tax-free when you retire.  • Contributions may be made after age 70 ½ as long as you have earned income. More