student loan payments

I believe that cash flow is one of the most powerful concepts in personal finance. People tends to know how they feel about their personal finance — e.g., whether they are comfortable or are struggling. Unfortunately, not too many people truly understand cash flow and how important it is to your finances. When you understand [...]

On January 18th of this year, I finally decided I was ready to make some New Year’s resolutions. I’ve never really done the resolution thing in the past, and so I wasn’t compelled to do it come December 31 or January 1. But I recognize that goals are good — and so I came up [...]

Many Americans find themselves in quite the situation financially these days.  Their situation is nothing short of bondage.  They are completely trapped because of years of borrowing money to finance a lifestyle that was unattainable without debt.  They aren’t the only guilty party.  The government has encouraged it and the banking system was more than [...]

While there are many different opinions as to how much debt is too much, the two ratios below are the most widely used measures of how much debt is manageable. These ratios are also known as debt to income ratios (DTI). Many of you are reading this and other personal finance blogs in an attempt [...]

Understanding the many tax deductions can be nothing short of a minefield, and many taxpayers are unaware of the many deductions that can be used to legally reduce your tax bill. This article highlights just a few of the tax deductions that you can claim if your circumstances lend themselves.
Standard Deductions
A standard deduction varies depending [...]

One of the debates that goes on in the personal finance world revolves around the concept of whether or not some debt can be good. It is true that some debt (like a home mortgage) is viewed more favorably on your credit report than other debt (like a car loan). But, in practice, you are [...]

Everyone knows that healthy personal finances requires debt reduction. However, paying down debt can become discouraging when you have a great deal of it, from a variety of sources. Paying a little bit extra every month on each of your debts doesn’t seem to make a dent, thanks to high interest charges. Instead, you can [...]

Happy Mother’s Day everyone! I just want to wish everyone, especially all the moms out there a happy day. This week, Moolanomy was featured on The Kirk Report, Mainstreet.com, and WSJ The Wallet — please be sure to give these sites a visit.
Also, if you have been reading Moolanomy through feed reader or email, please [...]

In this Ask the M-Network article, David admitted that he’s in a lot of debt and asked if he should take up his dad’s offer to get him out of debt. Should he count on dad to bail him out, or should he get out of this financial mess on his own? Here’s the question [...]

In this  Ask the M-Network article, PJ shared information about his home and his desire to buy a house that just came on the market. Should he refinance is current home, or sell it to buy the new one? Should he buy the new home and rent out the old one? Here’s the question from [...]