Bigger Home Costs Are Higher Than You Think

Bigger is always better, right?  People seem to think so especially when it comes to homes.  How many of us were raised by our parents in homes that we’d now consider much too small?  What people today consider starter homes, many lived their lives in.

There can be many costs involved with a bigger home.  The most obvious one is that they cost more.  A bigger home comes with a bigger price tag.  That makes sense.

Some people say this is worth it.  They look at the 500 extra square feet.  They see that it costs them $40,000 more.  Then, if they can afford the payments, away they go!

But, there are a bunch of other costs that come in that many don’t think of.  If you think that the only cost of a bigger house is the price, think again.  Here are a few things to consider.

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How To Winterize Your RV

Is it time to winterize your RV?  If your season is done, as is ours, then it’s probably time.

End of Season

Our camping season is finished.  Unfortunately, we didn’t get to finish out as we usually do.  The state park we go to does it up during weekends in October.  There’s a haunted house.  They arrange a parade and trick or treating.  They organize arts and crafts centered around Halloween.  The campground is always full and our kids look forward to it.  It’s usually our last trip of the year.  We had it all booked for the year but decided last minute to cancel.  What had been forecasted all week to be a few showers suddenly changed to weekend long rain when a front shifted a bit south.  We were bummed, but we knew that a whole October weekend in the rain wasn’t for us.

We have never cancelled a trip before.  We’d brought it home and got it prepped and ready to go, so some time and effort was wasted.

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Debt is a Habit and Mindset That’s Contagious

We’ve all heard about the difference between nature and nurture.  These two umbrella categories of influences determine who we are and how we behave. Different people have different ideas about which is more important – the role that parents have in raising their children, or in the environment the child grows up in and in their own DNA. It’s clear that there is a complex interplay between these two arenas of influence. But how does this play out in the realm of personal finance?

Financial Behaviors

It is thought that most of our financial behaviors are learned, not innate.  Humans have instincts when it comes to being thrifty.  How we allocate our resources ties to our basic survival instincts.  Yes, this goes all the way down to how we spend our money.  Regardless, what we learn from our parents shapes us in many ways.  This holds true in many ways, including how we use our money.

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How Much Would You Replace If You Lost Everything?

Post revision: I wrote this post after seeing images of the horrifying wildfires in California.  This prompted me to think about what would happen in a similar event.  It turns out that someone in the personal finance community was right there.  They were safe but lost everything.  There’s actually a few different posts tied to this topic.  I’m honored to be among them.  See the bottom of the post for the ‘Chain Gang’ on this topic.  

There have been a lot of disasters around the world lately.  Earthquakes.  Hurricanes.  Wild fires.  In each of those tragic situations, many have lost everything.

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I live in Michigan.  Many would never consider this a great destination.  Summers are beautiful but short. Because it’s practically surrounded by water, winters are often gray and slushy.

But one thing we have going for us is that we’re not a big target for any natural disasters.

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Fall Fun At The Cider Mill The Way It’s Meant To Be

Fall is not my favorite season.  I’m definitely a summer guy.  I like warm temperatures, beaches, and long days.  Still, fall has a lot of fun things.  One of those has been to head to the cider mill.

I wrote a pretty discouraging article a couple of years ago about a cider mill ‘gone bad’.  They took a bunch of long standing traditions and scrapped everything in the name of money.  It was obvious that customers were just dollar signs.

Still, I knew that while some places turned to the dark side, not everybody would.  There had to be good cider mills out there.  Cider mills that stayed true to the roots of good cider, donuts.  And some good apple picking was a bonus as well.

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Don’t Run Your Finances Into A Bridge

Say you drove a big rig or an equipment hauler.  You’d think that ‘Don’t run into bridges’ would be a pretty obvious rule.  Well, considering that we’ve had two incidents in the last week here around Detroit, maybe that’s not so obvious.  I’m not just talking smashing into a bridge. I’m talking where the bridge is damaged so badly it has to come down.

Driving Your Finances

Think of your finances as a journey.

  • You have to get from point A to point B.
  • There are things along the way.
  • There are twists and turns.
  • You’ll come across obstacles you have to avoid.
  •  You might hit some tight spots.
  • It’s important not to get stuck.
  • You will have deadlines to meet.

These things all apply, and they’re kind of like driving a truck, if you think about it.

See where I’m going with this?

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6 Items On Our Money Checklist

Things are pretty stable these days with our money.  This means that we don’t have anything really pressing.  However, just as in life, there’s always stuff to do.  Here are a few items that I want to mark off our money checklist.

Combine High Yield Accounts

I have two accounts that pay better than a normal savings account.  Both had reasons of their own at one point, but now some of those reasons have gone away.  Both pay about the same amount of interest. It’d be one less account to keep track of if we combined the two.  Plus, these days, that’s just one less risk of account fraud!

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