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Financial Freedom and Personal Finance Success by Moolanomy.com

Moolanomy Personal Finance Blog is home to the 12 Steps Guide to Financial Freedom and Personal Finance Success. We discuss financial concepts in an easy to understand language to help you improve your finances and better your life.

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9 Factors to Consider When Planning for Retirement

Planning for Retirement

When planning for retirement there’s an overwhelming tendency to focus on the financial side, and as well as should be. Without a solid tax-deferred retirement plan, there would be no retirement for most people. But there’s also a non-financial side of retirement that we need to be concerned with too. If we concern ourselves strictly … Read more 9 Factors to Consider When Planning for Retirement

How Much House Can I Afford to Buy?

How Much House Can I Afford to Buy? 5

If you are thinking about buying a house, you might be wondering, “how much house can I afford?” There is a significant distinction between what the bank will lend you versus what you can afford to pay. In general, a good rule of thumb is to┬ápay less than 25% of your income toward your monthly … Read more How Much House Can I Afford to Buy?

Should You Lend Money to Family and Friends

Mixing money and family typically is not a prudent financial move. All too often, personal feelings get tangled up in a web of financial burdens, and it can be unpleasant and potentially put you in a bad situation. It can be made even more complicated when the ones you are closest to in your family … Read more Should You Lend Money to Family and Friends

Best Investments in Low Interest Rate Environment

Calculate home value

Low interest rates might be good for the economy and consequently for the Stock Market; however, it is no laughing matter to the millions of seniors that depend on fixed-income investments for their retirement income. With the current Treasury yields below 1% (see  Treasury.gov), investors are finding that the low interest rates make it difficult … Read more Best Investments in Low Interest Rate Environment

10 Extra Costs When You Buy a New Construction Home

10 Extra Costs When You Buy a New Construction Home 14

When you purchase a new construction home, there are several hidden costs that you might not think about. The normal costs of homeownership like mortgage payments (e.g., principal and interest), property taxes, homeowner’s insurance, and utilities are obvious. Other costs, though, can come as something of a surprise. When we bought our home (a new … Read more 10 Extra Costs When You Buy a New Construction Home