Comments on: Big Mistakes That Cost, Part 1 http://www.consumerismcommentary.com/2008/02/16/big-mistakes-that-cost-part-1/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Wed, 17 Mar 2010 20:07:10 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Information Guyhttp://www.consumerismcommentary.com/2008/02/16/big-mistakes-that-cost-part-1/#comment-137318 Information Guy Wed, 20 Feb 2008 03:22:57 +0000 http://www.consumerismcommentary.com/2008/02/16/big-mistakes-that-cost-part-1/#comment-137318 Just quick note. The difference of 750 basis points between two mortgages is much much much higher than $27,000. 750 basis points is equal to 7.5%. (The difference between a 5.25% mortgage rate and a 12.75% mortgage rate).You meant to say 75 basis points. Just quick note. The difference of 750 basis points between two mortgages is much much much higher than $27,000. 750 basis points is equal to 7.5%. (The difference between a 5.25% mortgage rate and a 12.75% mortgage rate).

You meant to say 75 basis points.

]]> By: Johnhttp://www.consumerismcommentary.com/2008/02/16/big-mistakes-that-cost-part-1/#comment-137303 John Tue, 19 Feb 2008 22:41:42 +0000 http://www.consumerismcommentary.com/2008/02/16/big-mistakes-that-cost-part-1/#comment-137303 I think you are seriously missing the point here "This has more to do with damage to a house, which as a renter I currently don’t need to worry about other than the contents inside.".The one thing that renters insurance gives you that people take for granted is liability coverage (usually $100,000). You can put a finite price on your possessions, guessing how much someone can sue you for is a much risker proposition. I think you are seriously missing the point here “This has more to do with damage to a house, which as a renter I currently don’t need to worry about other than the contents inside.”.

The one thing that renters insurance gives you that people take for granted is liability coverage (usually $100,000). You can put a finite price on your possessions, guessing how much someone can sue you for is a much risker proposition.

]]> By: Funny about Moneyhttp://www.consumerismcommentary.com/2008/02/16/big-mistakes-that-cost-part-1/#comment-137139 Funny about Money Mon, 18 Feb 2008 04:34:27 +0000 http://www.consumerismcommentary.com/2008/02/16/big-mistakes-that-cost-part-1/#comment-137139 Six really excellent points! Thanks for this first installment -- I'm looking forward to the next one. Have posted a link to yours on Funny's Sunday round-up. Six really excellent points! Thanks for this first installment — I’m looking forward to the next one. Have posted a link to yours on Funny’s Sunday round-up.

]]> By: Adfectohttp://www.consumerismcommentary.com/2008/02/16/big-mistakes-that-cost-part-1/#comment-137112 Adfecto Sun, 17 Feb 2008 20:59:24 +0000 http://www.consumerismcommentary.com/2008/02/16/big-mistakes-that-cost-part-1/#comment-137112 Great advice. I have always stressed getting the 'big things' right in personal finance. A little difference goes a long way in these areas.About early retirement, so many PF bloggers want to be out of the work force ASAP but I'm more worried about working until 62 or later but with a good work/life balance the whole way.I also would add car and home buying to the list of big mistakes. The terms "car poor" and "house poor" weren't coined for nothing... Buy a $500k house or a $50k car on an $80k income and see how much money is left over for retirement saving. Great advice. I have always stressed getting the ‘big things’ right in personal finance. A little difference goes a long way in these areas.

About early retirement, so many PF bloggers want to be out of the work force ASAP but I’m more worried about working until 62 or later but with a good work/life balance the whole way.

I also would add car and home buying to the list of big mistakes. The terms “car poor” and “house poor” weren’t coined for nothing… Buy a $500k house or a $50k car on an $80k income and see how much money is left over for retirement saving.

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