Even with just a little bit of extra payment every month, you could save thousands upon thousands in interests and pay off the mortgage a lot quicker.
Based on the mortgage amount of $300,000 at the interest rate of 4.25%, an extra payment of $149.21 to the principal could save over $43K of interest and shorten the life of the mortgage by 5 years from 30 years to 25 years.
You can pay the debt down with determination. Find the extra money where you least expect it to pay down the debt. Skip eating out at lunch, and bring it from home instead. That can be $5 savings a day, which translates to $100 a month. Use it and pay…
Hello fellow wanderer, Are you yearning to explore the world, but your finances are holding you back? I totally get it; I’ve been there too. I’m all about that minimalist travel lifestyle – seeing the world without burning a hole in my pocket. Let’s delve into some tried-and-true financial strategies…
Using credit cards has lots of benefits such as the cash rewards, discounts, and protection from purchases, to name a few. CASH BACK OR POINTS Many credit cards offer at least 1 points or 1 % cash back per dollar spent. As the competition among the credit card issuers heat…