You Are Your Own Financial Planner

Do you think a financial planner will give you the answers you need? Possibly, but only if you understand and contribute. Don Shaughnessy addressed this recently in his daily and thoughtful MoneyFYI blog, The Client Is the Planner and the Planner Has Responsibilities. Addressing financial planners, he writes, The key point is a client must … Continue reading You Are Your Own Financial Planner

How much faster will I pay off my mortgage if I add $100 a month?

Can you believe that you can answer this question using nothing but simple arithmetic in Excel? Addition, subtraction, multiplication. That’s all. No functions, and Excel writes the formulas for you. Yes, I know, you think you have to do some complicated formulas that nobody knows. Seriously, here is all you need to know:The interest payment is … Continue reading How much faster will I pay off my mortgage if I add $100 a month?