Sorting out Personal Finances
Wednesday, February 28th, 2007Last year I left a highly paying professional job to stay home with our newborn. This was a tough decision financially and caused us to carefully assess our personal finances. Our first area of focus was our loans. By researching refinancing mortgages we found we would incur significant savings. The next big areas we looked at were credit cards and car insurance. After making some changes to our credit card and car insurance providers our bills were dramatically reduced. To make sure we were getting the most return possible on our money we checked into changing savings accounts found a bank offering a much higher rate of return. With some careful planning we are no longer looking at my staying at home as temporary but can now really see it as a long term possibility that makes everyone in our family very happy!