On average, I probably get two to three calls a day inquiring if I want to refinance my mortgage. informs that they’ve already pre-qualified me for a great deal on a refinance, all I have to do is call! Sometimes, I’ll even get a “personal” message from Cindy, John, Joe, or Bucky letting me know about this deal, since we talked about it the other day at happy hour. The only problem with this fantabulous (really, neither fantastic nor fabulous fully express my excitement) deal is the simple fact that all of the above information is bunk.

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We’ve all heard the phrase “Living within your means”. The question is what does it actually mean? Does it mean that you only spend what you have on hand? Does it mean you can take out personal loans, secured loans, or unsecured loans as long as you think can cover them? There are many ways to approach this question, and in the end only you can make this determination. However, I’d like to give you my take on it.

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