Archive for the Money Category

The Renter’s Manifesto

One of my favorite new websites is called Mint.com.  Basically it is a financial website that allows you to manage your money, but it also has this amazing blog.  I have now vowed to never rent if can avoid it.  I have been there, done that and found it that the outcome was less than desirable especially compared to that of living in a Tiny House.

The bloggers over at Mint have put out an interesting article about renting, they propose that they are in fact better off renting.  The big assertion they make is that if you are modest renter, who can manage your budget, that it is actually better at building equity.  By paying less than a mortgage, saving the difference and not assuming the risks, you can do better.

What do you all think?

Full Article

The True Cost of Divorce

divorce

Divorce is a really nasty thing to go through, there is no doubt, the emotional wreckage that it leaves is tremendous. I have talked some about the financial toll it leaves as well. With an average of $15,000 in legal fees alone, you then also lose half your assets or more. There is the kids, the house you worked hard to build, the relationships you built with your spouse and their families and friends. It’s a nightmare. But here is another toll of divorce.

Divorced households annually consume 73 billion kilowatt hours of electricity and 627 billion gallons of water more than they would if both partners were still living under one roof, costing an additional $10.5 billion each year.

Age at marriage for those who divorce in America
Age                                    Women             Men
Under 20 years old      27.6%             11.7%
20 to 24 years old         36.6%            38.8%
25 to 29 years old         16.4%            22.3%
30 to 34 years old        8.5%               11.6%
35 to 39 years old        5.1%                6.5%

Spending Around The World

So I found the article below this post and wrote up the post, then as I ventured out to find tomorrow’s post, I discovered everyone and their brother also had posted it!  Being that I hate to post what the other guys post, don’t get me wrong the other Tiny House bloggers rock,  I felt that I should always have original stuff.   So today you get two posts!map

I have this obsession with infographics.  What are infographics, for those of you who might not know, its pretty simple.  It is a graphic that presents information in an interesting and visually stimulating way.  I love it.  While me being a nerd and I love a good data matrix, sometimes the columns bleed together till you want to tear out your eyes.

This infographic is about how people around the world spend on common goods.  It is really interesting to see how much and of what proportion of money we spend on things like clothing, entertainment, alcohol and electronics.  It also serves as a humble reminder that there is much we could do without like people in other countries do.