Want More Money? Here’s A No Gimmick Idea Guaranteed To Work If You Work It!
You will often hear me recommend that you use cash for purchases whenever you can. There are many reasons for this.
The most common argument I hear against using cash is: ?I spend it too fast?, followed closely with ?then I wouldn?t get the points on my credit card?. The credit card issue is a separate one, and is easily answered as well, but the first issue needs to be addressed before you can benefit from the credit card points anyway.
When Do You Lock In Your Mortgage?
Good Question? Yes, rising interest rates is a consideration, but so are some other things that might be even more important depending on your situation and your overall goals. Here are some things to consider from a situation that came up recently.
The goal in the example is to get the mortgage paid off within 5 years. The interest rate is only one of the technical considerations. Many people make decisions based on these technical details that are out of our control. Yes, managed, but not controlled.