Jon Dulin

About Jon Dulin

Hi, my name is Jon and I run Compounding Pennies. I've been interested in personal finance since high school and have both my undergraduate and masters degree's in finance. I also have a Certificate in Financial Planning and am licensed by FINRA. I've spent over 15 years in the financial services industry helping people with their finances. You can learn more about me in my About page.


  1. AvatarKate @ Money Propeller says

    Such a great idea Jon! We are planning to buy our for our first own house, we are still saving for it. I love visualizing goals, I had watched from an interview before that one woman who used to be a vendor, seller before, every time she came into their little house, she always looked at the photos that soon they would have a big house and they will visit a lot of countries.

  2. AvatarBrian @ Luke1428 says

    I’d agree with the fact that it is along haul. I’d wait and save (even for years) to buy a home with at least the 20% down payment. To do that though requires some real planning and foresight.

    • Jon DulinJon Dulin says

      I bought my first house with 10% down. It took some work but was well worth it. When housing prices dropped, my house went underwater, but not by as much had I not put anything down.

  3. AvatarMichelle says

    I think now that it is even harder to qualify for a mortgage, that buyers really do have to buckle down and save their pennies. Even with government assistance, they still sometimes still require a down payment. We plan on saving for quite some time before even thinking about purchasing a house.

    • Jon DulinJon Dulin says

      When I was looking to sell my house, this is what hurt me. Banks were so scared after the housing collapse that if you didn’t bring 20% as a down payment, you weren’t getting a loan. Since so few actually had that much saved, house sales stalled and eventually prices dropped even further. In my case, I went underwater because of it and decided to rent out my house instead of bringing money to the table at closing.

  4. AvatarErastus says

    Amazing tips Jon! I’m planning to buy a house in two years time and I’m doing my best to save. There is this condo along my street which is so beautiful and attractive. It always gives me the morale to save so one day i can own similar.