Employer Pension Plans Before I get into the mechanics of how you go about saving money for retirement, I should say that there is one wildcard here (your employer’s pension plan).

Unfortunately, there is also a complicating factor when it comes to mortgage refinancing. If you want to refinance as a way to save money over the long haul, you shouldn’t do it as a way to stretch out your payments.

Misconceptions About Refinancing The usual refinancing rules of thumb are arguably wrong. For example, you actually don’t know whether you’ll save money if you refinance when interest rates drop more than 2%.

Continued… Cars, boats, and other personal property Cars, boats, and other valuable personal property can usually be handled nicely with individual accounts. In general, you don’t need to make a lot of adjustments to the value of these assets.

Continued… Asset accounts work very much like bank accounts, and the mechanics of keeping track of asset with Money are straightforward.

Typically, as mentioned above, a person’s largest single financial commitment is a mortgage. When you add up the payments you are agreeing to make over 30 years on an 8% hundred thousand dollar mortgage, for example, you are agreeing to more than a quarter of $1 million and payments.