Thursday, 17 January 2013

Money Tips for Teachers

All-Around Good Sites

Financial Planning

Budgeting Software

Calculators
  • Calculator Web
  • Dinkytown
  • Mortgage Calculator
  • Having a low interest rate is key. 
  • If you spend $1000 and have an 8% interest rate and just pay the minimum you'll pay it off in 7 years and 3 months and end up paying a total of $1270. 
  • However, if you have a 34% interest rate and only pay the minimum then it'll take you 50 years to pay it off and you'll have paid a total of $11,762. 
  • The moral of the story is to get a low interest rate and try to pay off as much as possible each month.

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