Milk Your Money Tools
As the internet doubles in size, power, and reach at such an exponential pace, we are evolving our websites to not only display “content,” “opinions,” “news,” and who knows what else. Now we are pointing our links to pure data. The internet does not sleep, its always on, and it loves to crunch data.
So MilkYourMoney.com has decided to feed this monster and highlight our data, in the form of tools that we have put together as well as gleaned from the web. All of the following can be found down there on the right side of the page…Use them, and share them!
Become a Millionaire in 30 Years With Your Current Salary
This is a popular one, as it has a veritable list of things that you might be able to cut from your budget in order to have money to set aside for a savings account. We have run some numbers and gotten some estimates and have found that this is easy to do. It leverages compound interest and you might be affected by inflation but to be honest, its a great plan.
Broker Check
In the event that you are at the point where you want to buy securities, you might want to use a broker. This is an individual buys securities on your behalf, like firm like an Ameritrade, E-Trade, or Sharebuilder. (We like Sharebuilder by the way, as its the most affordable and integrates nicely with ING as the merged earlier this year.) To be sure that your new broker (or soon to be new broker) is on the up and up, take a look at FINRA’s Broker Check page. (FINRA stands for Financial Industry Regulatory Authority and are tasked with quite a bit but…well that’s a whole other article.)
Guide to House Hunting
Freddie Mac put together a nice over all check list that any new home buyer should consider taking with them to cover all your bases. Be sure not to miss something important and get this list!
Light Bulb Comparisons
Ever wonder if the bulbs you have in your house are really saving you money? When will Compact Florescents pay for themselves? Is it worth the switch? Take a look and see if its worth your time and money. If you would like this in pdf, feel free to ask and we will send one right over.
Loan Repayment Calculator
This will allow you to figure out what you might be paying each month given a certain loan amount as well as factor in your interest for the life of the loan. An invaluable tool that any borrower should take advantage of.
Monthly Budget
Ahh, one of our favorites! This spreadsheet should take you from debt to profit and show you the best way to manage your money. Give it a shot and see if its something that could help you. If you have suggestions on this, feel free to let us know as we are always working on budget spreadsheets. If emailed, we can even start one for you.
Mutual Fund Expense Analyzer
Most of us are given options to choose at our jobs when it comes to mutual funds. We select what we would like and the percentage and then wait for a really long time to see what we made. What if we could find the cheaper ones that accrued just as much in gains? That would mean more money in your pocket and less in some bankers, right? Check your funds!
Savings Calculator
This will allow you to start with a given amount of money and apply a reoccurring payment to it, in order to see how much you might eventually make after a set amount of time. Use this to set goals for yourself and see what you need to do in order to meet those goals. $
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