Category Archives: Personal Finance

Mortgage to Income Ratio

I read somewhere that monthly mortgage payments should ideally be less than 1/3 of monthly income.

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Money Management: Useful Categories

Here are some categories for managing personal finances (I like putting things into categories) : Budgeting Overall resource planning. Managing the relationship between time and resource. Income Resource that comes in. Wages Income from investments Spending Resource that goes out. … Continue reading

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Driving a Hard Bargain?

My wife and I made an offer on a house this week. The question we faced: how much to offer? Background There were several factors to consider, even before we saw the house. On initial contact with the vendor’s agent, we … Continue reading

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