Stewardship, Personal Finance, Career & Business
This week, Matt Bell from Sound Mind Investing offered a thought provoking post: Is home ownership a good thing? Based on today’s economic conditions, depreciation and maintenance costs can erode appreciation. Personal Finance Three Drawbacks to the Dave Ramsey Plan (Simple Dollar) – General agreement to the Dave Ramsey plan, but a few areas of [...]
Should you refinance your mortgage? That’s a question a lot of people are still trying to answer right now and there is more to it than you might think. This week, I’m featuring a few articles that will help you make the decision, if you’re still on the fence. What about me? Well, we haven’t [...]
When we think about our golden years you might think about retirement, slowing down a little bit, and maybe even doing some traveling. In fact, I’ve often wondered what I would like to do when I retire and endless possibilities come to mind. However in this ever changing world it would be great to believe [...]
Today, we continue the 2 part series: Should I Pay Off My Mortgage Early? Click here to read the first post. This post will look at two common arguments against paying off your mortgage early. Lose the Home Mortgage Interest Deduction One is that you won’t be able to take the home mortgage interest deduction and [...]
Look around your home, in your garage, out your backdoor. Imagine the feeling of owning it all, free and clear. Many people assume they will always have a house payment and don’t realize how much interest they’re paying on their loans. Let’s say you buy a house for $150,000. You make a down payment of [...]
An adjustable rate mortgage is popularly known as ARM, and your payment will depend on the fluctuating market interest rate. You might think this loan can be beneficial as it offers a lower monthly payment and can help you make a larger home purchase. But if the interest rate suddenly shoots up then the monthly payment may increase [...]
You can find different types of mortgages out there in the market and each of them has its own pros and cons. It can be difficult to choose between an adjustable, fixed, hybrid, reverse and balloon mortgage and understand what may be best for your situation. It’s important to educate yourself, especially when a home is [...]
Welcome to One Money Design! I'm Jason Price, husband, dad, personal finance blogger, project manager and budget coach. One Money Design is a Christian stewardship and personal finance blog that provides practical tips and biblical resources to help people "prove faithful" (1 Cor 4:2) with their finances.