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All Posts, Finances & Retirement

Money Monday: I’m paying your rent or mortgage for a month

Ok, let’s be clear, I can’t afford to pay your rent or mortgage, but someone I admire is running a contest to do exactly that. There’s no catch. All you have to do is comment and say what you’d do with the money you save.

Money Monday

Ramit Sethi is the author of the bestselling book I Will Teach You to Be Rich. His technique is all about automating your savings and spending. I read the book years ago, but it seems like his blog has a lot of the same material for free.

Speaking of mortgages, isn’t it crazy how mortgage rates have jumped since the beginning of the year? Ugh, who wants to lock in a 4.75% mortgage rate when just last year rates were 3.5%? Too bad, so sad. Plus there is like no inventory in San Francisco unless you want to live in constant fog in the outer Richmond or Sunset (the name of that neighborhood is so ironic), or if you’re willing to trade in safety to own a home in Bayview. Ugh, we’ll stick to our apartment for the time being.

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08.26.13

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Comments

  1. Janine Huldie

    August 27, 2013 at 4:42 am

    I just entered and seriously thank you for sharing this!! 🙂

    Reply
  2. Kate

    August 27, 2013 at 7:42 am

    It would definitely be nice! I am hoping Joe buys a condo soon! Note I didn’t say “we” haha

    Reply
  3. Dana

    August 27, 2013 at 11:38 am

    Here’s hoping the perfect place will fall in your lap, Catherine. We lost a bid on a townhouse we loved when we were first married, only to find a better one a few months later. I hope you win, and if you don’t, I hope I do! And you will not split your funds with me, but you were sweet to offer.

    Reply
  4. Michelle

    August 27, 2013 at 10:50 pm

    Cool giveaway! Oh how nice it would be to win something like this! Thank you for sharing it! And good luck! Hope you find a place soon!

    Reply
  5. thedoseofreality

    August 28, 2013 at 4:22 am

    THIS.IS.AWESOME. What an amazing giveaway. If we were able to take a month off from paying our mortgage (because someone paid it for us, squee!!), we could totally make a dent in the large hospital bill (yes, we have insurance and yes, they have already paid their part) from our younger daughter’s surgery in March. It would definitely be helpful!!-Ashley

    Reply
  6. Andrea

    August 28, 2013 at 5:51 pm

    Yesssss to this contest. I will definitely be entering. Paying my mortgage for a month would be fabulous. Right up there with paying my utilities for a month (or two). Thank you for sharing!

    Reply
  7. Jude

    August 29, 2013 at 1:34 pm

    I need this SO SO BAD. After 10 years of (semi) shared expenses, I have a feeling I’m gonna feel broke like a joke while I adjust to life as a single gal.

    Reply
  8. Michell

    September 2, 2013 at 3:03 pm

    Thanks so much for sharing this…so cool!! I’ll head over to enter! Thanks for stopping by and linking up…have a lovely week!

    Michell @Prowess and Pearls

    Reply
  9. Rayfil wong

    September 4, 2013 at 10:04 am

    Great post.

    We use $$ every day but we spend the least time learning about it.
    Financial literacy is like a foreign langue.

    Rayfil Wong
    Professorsavings.com – CEO

    Reply

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