Javier Olaya, Author at CandorPath

Buckets- Family Budgeting

My wife and I have thirteen savings accounts. Yes, thirteen. Given how we use them, we call them escrow accounts.   I know what you’re thinking: “Why would you ever want to do that?” Though it sounds messy, for us, it just makes sense. We use those accounts to...

Buying Your Home

You’ve found your dream home, and you’re feeling both excited and nervous to put in an offer. Then you find out you need a pre-approval letter. But what exactly is a pre-approval letter?   A pre-approval letter comes from a bank or lending institution and states,...

Communication – Family Budgeting

Years ago, when we were first married, Jackie and I sat down together to talk about whose bank we would merge our accounts under. Like any educated, responsible adults about to embark on their first serious decision together, we used a coin flip. I lost, and nearly a...

Digital Envelope System – Family Budgeting

Let’s talk about the digital envelope system. It’s 2020, so the old-school envelope-full-of-money system doesn’t really make sense anymore. That system can be put in place digitally though, as Jackie and I have done.   We operate out of two checking accounts, one...

Interest Rates

I never thought we would see 30-year home loans touching interest rates in the high 2s, but 2020 was a weird year for all sorts of things.   For many, this seems like a great time to refinance. Afterall, the lower the interest rate, the lower your monthly...