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Personal Finance

I achieved my goal of repaying my second mortgage in August. Now I’m without a financial goal other than to build up my savings to where it was before August. But I can almost see my new financial goal taking shape on the horizon: tackle my first mortgage, which by the way is carrying a [...]

Although, this has nothing to do with renting out rooms, I thought it would be interesting to share how I’m coping with the high gas prices. In the state of Connecticut, the price of gas has soared past $4 per gallon during the past month.  Many people have changed their driving habits either by car [...]

Greetings! I’m back in CT from Nepal and my Everest Base Camp Trek.  The trip was exciting yet tiring.  I’m sorry for the lack of posts as I just arrived back on Sunday and I’m a wee bit jet lagged.  Also, I ate something funny in Kathmandu that made me do a lot of “system [...]

This is a Guest Post by Linda Nellett, another homeowner who rents out a room in her house. Previously, she has written a guest post about her experience as a women renting out rooms in her house.  This time she’ll share her insights on how renting rooms has impacted her taxes. Disclaimer:  Neither I, nor [...]

This post isn’t exactly related to renting out rooms, but it’s a way to save a few bucks or pennies, which is what I’m all about.   So I thought I’d share it with you guys if you want a very cheap way to avoid the ATM fees. Here’s the Scenario: You know when you’re out [...]

The start of the New Year usually means people make resolutions.  These resolutions often range from personal achievements to financial goals.  However, most often than not, these resolutions fall apart by mid-year.  However, if one of your goals happens to be a financial goal related to paying back debt or building a savings by renting [...]