Currently browsing tag

savings

How Much Should I Save Each Month

The answer to the question “How much should I save each month” is based on what goals you have.  Are you saving for the down payment on a house? Are you saving for retirement? Do you plan to retire early? There are many factors involved in deciding how much money …

What if i pay $100 extra on my mortgage

What If I Pay $100 Extra On My Mortgage?

Paying off the mortgage is a great goal to have, especially if you have a 30 year mortgage.  On my $116,000 mortgage paying an extra $200 per month put me on track to cutting my mortgage duration in half.  Because 30 year mortgages are mostly interest payments for the first …