>> The massive personal finance resource list <<
Brett has pulled together a ton of useful stuff here, including online money management tools, offline software, investing tools, spreadsheets, books, and more. Well worth bookmarking.
>> Getting Finances Done: Why you shouldn’t trust home mortgage lenders and mortgage calculators <<
“Banks will tell you that you can afford up to 41% of your gross income as debt (sometimes referred to as the front-end ratio) — If you earn $3,000 a month, you can afford to have $1,230 in debt. But trusting this advice is a big mistake. First of all, banks are self-interested. Taking on debt that’s 41% of your income is what the bank feels comfortable lending you, not what you really can afford. Borrowing the full amount that the bank is willing to lend is a sure way to get in over your head.”
>> MarketWatch: Rich don’t save either <<
“The low to no savings rate in the United States extends to rich people too. It isn’t just low- and middle-income people who find it difficult saving money — people who earn a lot say they also have trouble stashing money away.” [via VinTek]
>> Contest: How does donating to charity improve your well-being? <<
Plonkee is running a competition over at her site. To enter, tell her about your expriences donating to charity!
GRS is committed to helping our readers save and achieve your financial goals.Savings interest rates may be low, but that’s all the more reason to shop for the best rate.Find the highest savings interest rate from Ally Bank, Capital One 360, Everbank, and more.
This article is about Spare Change