If you enjoy putting pen to paper, you’ll love the Qoins Debt Snowball Tracker. This awesome download will hold you accountable and help you track progress on your way to $0 balance!
Hitting a savings goals week-in, week-out is a real challenge! Download the Qoins Savings Goal Tracker to keep tabs on your progress, one contribution at a time.
A wise man once said ’It's not what you make but how much you spend’. Download our Budget Template to better understand what you’re making, where you’re spending, and how much is left over.
There’s a reason they call it ‘take-home pay’. Get a handle on every deduction coming out of your paycheck so you can budget accordingly. Our calculator helps you do just that!
F.I.R.E. stands for “Financial Independence, Retire Early.” The goal is to save and invest aggressively—somewhere between 50–75% of your income—so you can retire sometime in your 30s or 40s. ... The general idea is that the higher your income and the lower your expenses, the faster you can reach financial independence.
A method of calculating interest where you earn a percentage not just of the principal amount but the principal plus any previously earned interest. For example, say you have a balance of $1,000 and are earning an annual interest rate of 6%. At the end of the first year, you'll earn $60 in interest. The following year you'll earn your 6% interest on the total new balance of $1,060. At the end of the second year, you'll have a total of $1,123.60.
Financial literacy is the confident understanding of concepts including saving, investing and debt that leads to an overall sense of financial well-being and self-trust. It starts by building basic knowledge of money matters, and while Americans could certainly improve on this score, they've made gains in recent years.
Revolving lines of credit, such as credit cards, often require a minimum payment each month. Although minimum payments may seem self-explanatory, finance experts say borrowers may not understand their significance. Paying only this amount makes it difficult to get out of debt. A minimum payment may be only enough to cover interest and not much else. "You may not really be making an impact at all on the principal," Corzel says. Borrowers hoping to get out of debt as quickly as possible should send in more than the minimum payment each month.