Personal Finance Blog

Mastering Loan Amortization: A Comprehensive Guide to Understanding and Comparing Loans

In today's ever-changing financial landscape, understanding loan amortization is crucial for anyone considering a major purchase, particularly a home. With recent changes in interest rates, it's more important than ever to grasp how loan amortization works and how to compare different loan options.

Analyzing 50+ Years of Mortgage Rates in Excel: Insights and Trends

Understanding mortgage rates is crucial for anyone looking to buy a home or refinance their existing mortgage. In this comprehensive analysis, we'll dive deep into over 50 years of mortgage rate data using Microsoft Excel. We'll explore historical trends, calculate key statistics, and examine how changes in interest rates impact monthly payments.

Social Security - Breakeven point in Years using Excel

Calculate SSA breakeven in years. The break-even point represents when the cumulative benefits even out. Comparing 62 to 67, you have been collecting money for 60 months.

Excel - Financial Functions for a House or a Car

Excel has a lot of Financial Functions. We will look at several functions for a home purchase or a car purchase.

What is the Middle Class and Are You in the Middle Class?

What is the middle class and are you in the middle class? To figure out if you are in the middle class, we need to know the median household income, how many people are in your household, and where you live.

Liquidity Ratio using Excel

Liquidity ratios determine how quickly a company can covert assets to use them to pay short-term obligations.

Ally Bank Smart Savings with Buckets and Boosters

Ally Bank has Buckets and Boosters to assist in optimizing savings. Buckets are digital envelopes. You can have 10 buckets in your savings account.

The Rule of 72 explained using Excel and the NPER Function

Need to know when your investment will double? In finance, the rule of 72 is an easy method for deterring when an investment will double. Take the number 72 and divide it by the interest rate, which gives you the number of years.

5 things to do before closing your Simple Bank Account

Simple Bank is being taken over by BBVA USA. Here are some things you may want to check if you are closing your account with Simple Bank.

Simple Bank to BBVA USA - Essential dates you need to know

Simple Bank is moving to BBVA USA. Here are some dates you need to know. May 4, 2021 - Support messages: You'll no longer be able to send a new support message through your Simple app.

Year-Over-Year Growth - Excel PivotTable

Year-Over-Year (YOY) growth compares one period, usually a quarter or a month, against the same period twelve months before. You can compare Q3 of 2021 against Q3 of 2020. Another example is comparing the month of September 2021 to September 2020.

Excel: College Decision Helper Template

Whether you want to attend a large public university or a small private college, knowing all about the schools you're considering is essential to making a good decision.