Home > Author Archives: Kayla Sloan (page 3)

Author Archives: Kayla Sloan

Kayla is a mid-20s single girl living in the Midwest, USA. She is focused on paying off her consumer and student loans, while simplifying her life and closet. You can join her on her journey at ShoeaholicNoMore or follow her on Twitter.

How to Quickly Build Equity in Your Home

How to Quickly Build Equity in Your Home

As a homeowner, you may want to build equity in your home sooner rather than later for a variety of reasons. For example, you might want to build equity if you didn’t make a down payment of 20% of the home’s value. If that’s the case, you may be stuck paying for private mortgage insurance until you reach 20% equity, like I am. But no matter the reason, there are several ways you can quickly build equity in your home. 1. Use Your Tax Refund Did you get a tax refund this year? If you did and you haven’t spent it yet, you could apply that money toward your home mortgage. By paying down the loan against it you can increase the equity in your home. 2. Increase Your Monthly Payment If you have extra room in your budget, use the money to make larger payments toward your outstanding home mortgage. Make sure the extra money you pay each month goes straight toward the principal on your loan. With some companies this is automatic, but with others you have to specify how you want the extra money you’re paying to be used. If you don’t specify, they may apply it toward ...

Read More »

Pros & Cons of Tiny House Living

tiny house living

The tiny house movement has become a big deal in the last couple of years. I think one of the reasons for this is because we are rebounding from the way new homes seem to be getting bigger and bigger. Additionally, more and more people are looking for ways to save money and living in a tiny house can, no doubt, help you save. But along with the savings you get from living in a tiny house, there are disadvantages too, so let’s take a look at the pros and cons of tiny house living. Pros of Tiny House Living: 1. Saves Money Of course, I already mentioned the money savings, but now I will list some examples of how tiny house living can help keep money in your pocket. Maintenance and repairs on a smaller home will obviously cost you less when the home is smaller because painting or siding a smaller area is cheaper. If your tiny house needs a new roof, think of how much you could save when that project needs to be done. But in addition to exterior maintenance there are other money saving features as well, such as lower heating and cooling costs, less ...

Read More »

How to Stop Obsessing About the Perfect Job

How to Stop Obsessing About the Perfect Job

According to the Bureau of Labor Statistics, the average late born baby boomer changed jobs every 2-3 years between the ages of 18 and 48. That’s a lot of different jobs over a 30 year period! Of course, some of those job changes may have been necessary. They have been made to escape bad working conditions or intolerable bosses. Others could have been made as people moved up the ladder of success. But there were probably also some job changes made by people searching for the perfect job. The problem with that is there is no such thing as the perfect job. So, is it possible to stop obsessing about the perfect job? Here are some ideas to help. Understanding One thing that may help if you are one of those people who obsess about finding the perfect job is to figure out why you are obsessing in the first place. Some job positions have appeal due to the status you would hold from being in that position itself. There are also jobs that could hold your interest because they are simply higher paying than the job you are currently at. However, it isn’t always that simple. The facts are that ...

Read More »

Are Home Security Systems Worth the Money?

Are Home Security Systems Worth the Money?

Have you ever woken up in the middle of the night because you heard a strange noise? Did you wonder if someone was breaking into your home? If you are like many people, the fear of a break in has happened to you at least once. But for some unlucky people, this fear can and will become an unfortunate reality. According to figures from the FBI, there were over 1.7 million actual burglaries in the United States in 2014, and this figure is a decrease of over 10% from the year before. This information makes me wonder if installing a home security system would be a wise idea. Although there are fewer break-ins than in previous years, I do want to feel safe in my home. But are home security systems worth the money? Here are things I’ve been considering while thinking about whether or not to invest in a home security system. 1. Cost Initial home security system installation costs can run anywhere from a few hundred dollars to over $1,000 depending on what type of system you are considering. Although these up-front costs are usually just a one-time cost, you can also expect to pay monthly fees for ...

Read More »

5 Signs You’re Obsessed with Saving Money

5 Signs You're Obsessed with Saving Money

Lots of people these days are trying to be more frugal with their money. As a result, there are books and articles everywhere on the topic. Some are saving toward goals of vacations, retirement, or a college education for their children. Other people have made it their occupation and sole professional focus, like me. 😉 But how do you know when saving money becomes an obsession? Here are some signs that you’ve become OBSESSED with saving money. Spending Makes You Anxious If you have trouble buying a single piece of candy at the store or one extra item that isn’t on your grocery list once in a while, you may have an obsession with saving money. While it’s a great idea to track your spending, you probably don’t have to account for every single cent all of the time. If you are tracking every scent and having feelings of anxiousness or panic when you try to make a small, unplanned purchase every once in a while, you may have a deeper problem. Constantly Checking Your Budget When you constantly check your budget before spending any money at all, you might be going a bit overboard. Most budgets need a little ...

Read More »