Personal Finance Blog
Vehicle Leases work similarly as Car Loans; however there are two major differences. The first difference is the ownership. If you take a car loan then you take the ownership from day one. The bank or credit institution sometimes may place financial interest so they can reclaim the car if you default on your loan. …
Normally at the end of mortgage when it’s fully repaid the balance is zero. However, in some situations you will need to calculate the outstanding balance of your loan. This happens usually when: You want to refinance your mortgage (pay off first and take another) You inherit, earn or otherwise obtain large amount of money …
Are you thinking about purchasing a new (used) car? Or do you have car already and want to refinance it for whatever reason – be it a lower Interest Rate, lower Repayments or a better Finance Deal? In this case we have a perfect Calculator in Excel just for what you need! To download a …
Payment terms for mortgages are usually the longest of all loans. It makes sense to pay some Extra Principal as often as you can. Making so can dramatically reduce Total Repayment Time of the Loan and also save you lots of money on Interest. For this purpose we have created a great Mortgage Calculator in …
Have you got an existing Loan or Mortgage, would like to refinance it and are keen to see how the modification may influence your financial situation? In this case we have just the right Calculator in Excel for you. It will show you exactly what impact amending multiple Loan Parameters will have. This Calculator requires …
Have you ever considered or are you thinking about getting loaded Visa card? This question will apply to you probably if you are still young, plan to travel or have issues with your credit rating. Prepaid Visa cards combine convenience of credit card with an easy and hassle free process of getting one without lengthy …
Food and grocery purchases make up huge part of almost every family’s expenses. Yet, how many of you are really paying attention to how are you spending your budget? Sure, you may prefer certain cheaper shops, buying sale items or buying in bulk. This, however, in most cases is not enough from overspending. I personally …
Mortgage is usually the largest and longest running debt ordinary people like you and me have in their life. But how many of us treat it in a manner: “get the home loan, set up regular automatic payments and forget about it”? This is a big mistake! Let’s say you have a mortgage $400,000 for …
If you are an Accountant for a small or medium sized company with multiple leases (or loans) then you probably experience problems with generating accounting entries every month. What you need to work out are the principal and interest amounts for each lease and then summarize them. In case of just few loans or leases …
Everyone needs at least some insurance. When the time comes to get a new policy, it may be an overwhelming experience to find the right insurance company and the right cover. We want to make this process a bit easier for you, therefore have compiled a list of all major insurance providers in New Zealand. …