Tools
Another New Tool: The Mortgage Payment Calculator
www.JosephSangl.com proudly announces another tool – The Mortgage Payment Calculator!
Considering paying off your mortgage early? Put in the information, and you will know how much your principal and interest payment needs to be to pay it off!
Considering purchasing a house? Put in the information, and you will know what the principal and interest payment will be!
To access this tool, click on "TOOLS" at the top of this page OR click HERE!
Happy calculating!
Another New Tool: The Investment Value Calculator
www.JosephSangl.com announces another tool to help you on your path to financial freedom!
It is "The Investment Value Calculator".
As you can see below, it could not be any easier! Type in an "Annual Rate of Return", "Time Period", "Current Value", and "Monthly Contribution", and it will provide you with the "Investment Value"! Even better, it will also return a snapshot of the value of such an investment in 5 year increments!
You can access this new tool by clicking the "TOOLS" link at the top of the page or by clicking HERE!
Happy calculating!!!
Another New Tool: The Mini-Budget
A Mini-Budget is used to spend irregular income such as tax refunds, bonuses, and inherited money. It can also be used to budget for a home project, wedding, or other event.
Here is how it works – let's say you are going to be having a wedding. Lord knows how much money we can spend on a wedding! The average is OVER $20,000! It strikes fear into every dad who has a daughter. It strikes TERROR in every dad who has daughters!
Anyway, let's say the budget is $20,000. SPEND THE MONEY ON PAPER FIRST!!! You are MUCH MORE LIKELY to stay within the budget if you actually think through the expenses IN ADVANCE!
So you pull up the Mini-Budget form (link is later in post) and spend the money on paper FIRST.
You can see that the $20,000 has been spent 100% on paper. The chances are GREATLY INCREASED that this family will not overspend on this wedding (if you call $20,000 not overspending – ouch!).
See how it works? GREAT! What do you need to budget?
Get a copy of the MINI-BUDGET tool HERE.
Budget-busting expenses
Need help in overcoming budget-busting expenses? You know the big ones – Christmas, the quarterly insurance premium, the annual property taxes, etc.
Here is a simple way to smooth out these large expenses.
In the example, you can see some certified, bona-fide budget-busting expenses. Wouldn't you agree with me that a $450 or a $950 hit in a single month's budget would BLOW UP a budget? ABSOLUTELY! To eliminate this peak-and-valley, feast-and-famine style of living, take the time to list out all of your KNOWN, UPCOMING expenses and their associated annual cost.
In the example above, the annual budget-busting expenses total up to $4,400 per year.
Divide this number by 12 months, and you arrive at $367/month. If you save $367 EVERY SINGLE MONTH, you WILL be able to absorb these budget-busting expenses without the huge headaches that you may currently be experiencing!
Don't believe me? Ask anyone with a Christmas fund or a home mortgage escrow account! These are really nothing more than budget-buster smoothing tools! Why? Because mortgage companies and businesses have realized that if the costs are not smoothed out and absorbed monthly, the chances are unlikely of you having enough cash on hand when the bill arrives otherwise.