Comments on: Our Financial Goals: Savings and Debt Reduction

By: Websites tagged "reduction" on Postsaver

Websites tagged "reduction" on Postsaver — Mon, 06 Oct 2008 03:47:20 +0000

[...] – Our Financial Goals: Savings and Debt Reduction saved by skitty19942008-10-02 – Shooting brings to light the truth of the Republican game saved by [...]

By: Carnival of Financial Goals | rocket finance

Carnival of Financial Goals | rocket finance — Thu, 04 Sep 2008 04:47:56 +0000

[...] PT makes a baby announcement and then shares their latest Financial Goals: Savings and Debt Reduction. [...]

By: janette

janette — Sat, 16 Aug 2008 22:13:31 +0000

Start looking now. You can find amazing baby items on Craig’s list and EBay. And to be truthful- babies do not care about their furniture- only that you hold and love them! The few things you HAVE to buy new are: Crib mattress and car seat.
If you feel compelled to have a good list for the grandparents- suggest a 529! I put money in our grandson’s 529- and still bought the new mattress!

By: Carnival of Money Stories #72: Back To School Edition — Broke Grad Student

Carnival of Money Stories #72: Back To School Edition — Broke Grad Student — Tue, 12 Aug 2008 11:01:49 +0000

[...] Our Financial Goals: Savings and Debt Reduction at Prime Time Money. [...]

By: J

Sun, 10 Aug 2008 12:25:37 +0000

Actually, it’s not just the rate of interest on the student loans, it’s the way they apply it. Any transferred balance (even if it’s not the whole thing) has a one-time 3% fee, assuming you pay it off in the alloted time. Student loans adds amoritization daily – 3% divided by 365, multiplied by your balance and added each and every day; the next day’s calculation includes the interest added the previous day. It’s one of the primary reasons Congress has cosidered an overhaul, and why the DOE has been compared to the mob.

By: Hanks Weekly Hangouts #42 (August 11, 2008) | MiB Smarter Money

Hanks Weekly Hangouts #42 (August 11, 2008) | MiB Smarter Money — Sat, 09 Aug 2008 08:06:10 +0000

[...] 5. PrimeTimeMoney presents Our Financial Goals: Savings and Debt Reduction [...]

By: Post round-up and yay for Olympics! | Sense to Save

Post round-up and yay for Olympics! | Sense to Save — Fri, 08 Aug 2008 15:22:24 +0000

[...] Our Financial Goals: Savings and Debt Reduction at Prime Time Money. P.S., he and is wife are having a baby! Yay! [...]

By: PT

PT — Fri, 08 Aug 2008 13:44:36 +0000

@RC – Thanks!

@J – Our student loan interest is 2% and 3%. I don’t think I’ll ever pay that off early. Unless I win the lottery or something.

I like your way of thinking though. If the loan amount is low enough and your rate is high, going to 0% for 12-15 mo’s or so might be a smart move for a financially stable person.

By: J

Fri, 08 Aug 2008 12:45:57 +0000

Depending on the amount of your student loan remaining, you may want to consider a balance transfer to a credit card if you have the 0% finance rate available. Granted you’ll have to pay the 3% fee, but it’s likely to be better than the 7% or so being amoritized on a daily basis. I did this back in February, and the math worked out really well in my case.

By: RC@ThinkYourWayToWealth

RC@ThinkYourWayToWealth — Fri, 08 Aug 2008 00:00:47 +0000

Congrats on the news PT!