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The Cost of Pet Ownership

fostering a pet

Perhaps you are considering taking the step into pet ownership. Most pet owners will tell you that having a four legged furry friend (or three legged one like Edward Antrobus)is one of the greatest joys in life. Pets have a tremendous capacity for love, fun and forgiveness. You can take a broken, beaten, damaged animal, show it kindness and patience, and have a friend for life. Before you make the decision, you should take a serious look at your finances to detemine if you can truly afford it. The following costs are for dogs and cats, but please do your research even if you want a lizard, bird, snake, pot bellied pig, llama or any other domestic pet  (please don’t pull a Mike Tyson and think a tiger might be fun.) Basic Needs The minimum basics any pet requires are food, water, and shelter. According to the ASPCA, medium dogs will need $250 worth of food per year, cats $120. That cost is for basic food alone and doesn’t count toward treats, rawhide chews, or vitamins (some pets have skin conditions!). You might need  stainless steel bowls if your pet chews up plastic. If you are going to leave Spot outdoors for a portion of the ...

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Rental Property Series:Buying Our First Rental Property

owning rental property

After years of getting in position to buy a rental property, we finally did it! We’ve been close a few times but just couldn’t pull the trigger. We always wondered could we make the payment, would it cash flow, would our tenants assemble a meth lab in the bathroom?. You can do as much research as you want, but eventually, you take the plunge or you don’t. Right now seems like the perfect time for a number of reasons. We have more than enough for the down payment. On any property purchase, you are less likely to become underwater if you have a sizeable down payment. If you are buying an investment property, it is required that you have 20-25% down. We’ve been saving like mad for the last two years. Buying this property means so much more than having the stuff we previously piddled our money away on. Rates are probably never going to be much lower. You never really know on this one, but we have locked in a rate of 4.25% for a 30 year fixed term. We have every intention of paying this loan off way before 30 years. Because we are new to buying investment property, we decided on ...

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Can’t Keep My Eyes Off These Blogs #2

Another crazy week has come to an end. We now officially have a kindergartener, a rental property (more to come), and a dog without a splint (finally). For my blog, I am officially a Yakezie Challenger, AND I now have working Twitter and Facebook buttons, AND an RSS feed thanks to some help from my new friends, way too Modest Jeremy,  Master Jen and Above Average Joe. Eyes on the Dollar got some love this week. Thanks so much! Savvy Scot’s The Sunday Review-Top Posts of the Week Crystal was kind enough to let me participate in her reader profile  series this week at Budgeting in the Fun Stuff. I also couldn’t take my eyes off these posts. A Favor or a Handout, There is a Difference – WorkSaveLive. I think this was my favorite of the week. Choosing Your Travel Wisely-The Savvy Scot. The Scots go to Scotland. That’s just too good! You have to read the post with a British accent. Free up Time:5 Things to Hire Out-Young Adult Money. DC, I hate ironing as well. Why can’t they invent an automatic iron like that Roomba thing? Why Redbox Isn’t as Cheap as You Think-Money Life and More. Lance gives us ...

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I Have Joined the Yakezie Challenge!

I have officially joined the Yakezie Challenge! Why would I do that so soon when my rank is over 3.5 million? In my short blogging life, I have already come into contact with so many supportive, like minded people. I have always been active in organizations dealing with my day job profession, and have seen the power in numbers. I have no backgroud in computer skills, but I do have financial experiences that I think are worth sharing. Honestly, most days I feel like I have no idea what I am doing tech wise, and the Yakezie forum will give me a place to seek those answers. Hopefully at some point, I will be able to give advice to somene like myself. Can my blog actually make it to 200,000 in six months? I’d be lying if I said I wouldn’t be dissapointed if it didn’t. Really, though, having a goal and learning and sharing with this community is reward enough. I’ll keep you updated! Please feel free to share any feedback about things I can improve upon. I never get offended unless you call me names!

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How to Afford Expensive Hobbies

As you read this, the USA Pro Cycling Challenge is rolling thought Colorado. We were fortunate enough to experience a little of the hoopla yesterday when the cyclists sped right through our area. Literally if you blinked, you missed it, but then you got to see all the decked out swag wagons carrying bikes worth more than many cars, any gear you can imagine, and Barry Bonds. Yes, apparently Barry Bonds has become quite the bicycle nut in his retirement. Who woud have figured? Where we live, outdoor sports are a way of life.  They stop you at the border if you don’t bike or ski. I’m not quite sure how I made it across without either skill, but I’ve made up for lost time in the 12 years I’ve lived here. Outdoor sports like biking, skiing or golf can require some expensive gear and/or fees. Is there a way to participate in sports without breaking the bank? There are tons of blogs out there to help you save money, like iheartbudgets or Young Adult Money .  If you’ve read all those and  have saved up and want to try a new sport, remember these tips. Make sure you are going to stick with the sport Before you go ...

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