debt

The following guest post comes to you from Drew Cloud, Founder and owner of The Student Loan Report  When it comes to repaying your student loans, separating fact from fiction can sometimes be a little difficult. Some can make you think twice about paying your loans as quickly as possible. It’s time to dispel some of these student loan repayment myths once and for all. Student Loans Don’t Affect Your Credit Score. Student loans can have a positive and negative effect on your credit score. As you repay your loans, your debt-to-income ratio will get smaller and that means your credit […]

These Student Loan Repayment Myths Are Holding You Back From ...

 in debt / Student Loans  tagged Student Loans by
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The following article is a guest post by Stacy Barbee. How I wish money tricks were taught in schools. In our times, schools and colleges primarily focused on obtaining good grades at the end of the academic year. And, that trend is still going on. The 2 fundamental aspects of an awesome financial life are: (i) Making money (ii) Managing money In the last few years, I have interacted without countless people who are not happy with their financial life and have been compelled to enroll in debt reduction programs. And, after hearing their stories, I have come to only one […]

8 Money Tricks That Can Save Young Adults From A ...

 in Budgeting / debt / education / finances / healthcare / Saving by
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It’s that time of year again. The Boat show is back in Milwaukee. Why in January when the worst of winter is still to come? My theory is that it’s like “Bread and Games”;  maybe if we distract them enough with shiny trinkets, they’ll forget about the misery of minus 15 outside and stay one more generation. And it works, it reminds us there is light at the end of the tunnel. The show presents everything none of us can really afford. While in the “economic” boat section, I heard a woman say to her husband “This is just like […]

The Boat Show Extravaganza

 in Building Wealth / debt / Living / Saving by
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Snowball and Avalanche can cause different costs (increase in interest payments) depending on the kinds of debt, the size of debt and associated interest rates you have. This Snowball vs Avalanche Calculator/Simulator will allow you to determine the cost of the Snowball Method for paying off debt over the Avalanche Method. For more information behind this calculator you can check out the post I wrote about it Snowball vs. Avalanche: Which one is better for you? Not, which one is best? If you’re not sure what to enter feel free to click on one of three simulations I’ve added. Two […]

Online Snowball vs Avalanche Calculator

 in calculators / credit / debt  tagged frontpage by
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There we have it, another year has passed and an interesting one it has been for us. This was the year I started this blog. It has been the first full year that I’ve been off of work and as a result we’ve tried to live by a fairly strict budget. We’ve had a shitty stock market and some serious medical expenses come our way but in the end we’re all doing just fine. The Blog It has been a year of blogging and writing for both me and my wife. January of this year I started this blog millionin10.com. […]

Millionin10 2015 in review

 in 5 keys / Blogging / Budgeting / Building Wealth / calculators / credit / debt / emergency fund / healthcare / Insurance / investing by
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This calculator was created in response to an article I read about what to do with extra money at the end of the month. Apply it to the Mortgage or invest it? I wrote an article explaining the exact numbers. This calculator can be used to figure it out for yourself. The extra payment you enter in this calculator will be applied at the start of the plan (not the start of the mortgage, unless those coincide). The calculator assumes that after you’ve paid off the mortgage, the entire mortgage payment along with the extra payment is redirected to investing. […]

Online Prepay Mortgage vs Invest Calculator

 in calculators / debt / investing  tagged frontpage by
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Last week’s post on debtfreedivas.org about paying off the mortgage early, again made me second guess my decision on investing as opposed to paying off my mortgage. I did okay investing but, would I have slept better not having a mortgage today, had I paid it off early? So to find out if I did the right thing, I’ve created my own Prepay vs Invest calculator and ran a couple of “what-if” scenarios. Take the fictional Millennials Jane and Joe. Retirement will start for them at 2050 so for the sake of this simulation lets say 35 years from now. […]

The exact price of paying off the mortgage early

 in Building Wealth / debt / investing / Saving by