We refinanced our variable rate student loan to a 15 year fixed rate loan. This saves us time and money, to the tune of $5000 in saved interest costs and 1 year of saved payments. We discuss when it makes sense to refinance and save the difference.
Tag Archives: Savings
Finance: Delta introduces emergency savings benefit
Delta Air Lines is offering an innovative, new emergency-savings benefit up to $1000 per eligible workers. This is thanks to changes in Secure 2.0 legislation. It’s a win-win for companies and their workers.
College: Upromise, earn $30.29 easily for college
We learned how Upromise can help us save more money for our 529 plans through their rewards network.
Education: San Francisco’s college savings program for kindergartners grows up
We discuss San Francisco’s first in the nation program to automatically start a college savings account for every kindergartener, and the success of that program in encouraging high school students to attend college.
Finance: ARMageddon
Many people in various countries will experience the shock of higher rates on their adjustable rate mortgage. We have some time, but we’re looking for options.
Finance: The “best” 529 plan
What’s the best 529 plan for college savings? There isn’t one. We highlight 4 plans from Ohio, New York, Michigan, and Utah that are roundly praised.
Finance: A good loan interest calculator
We found a good total loan interest calculator that is easy to use. We walk through our own personal example of how much we save from extra payments on our student loans.
Best credit union 1 year CD rates
Credit unions are offering great interest rates over one year time periods. Credit unions are a great alternative to for profit banks.
New I bonds offer 4.3%
New I Bond rates are out, for the May 2023 to October 2023 period. New I Bonds offer an attractive 0.9% fixed return for the life of the bonds.
Money streams and money lakes
We introduce the concept of money streams, emergency savings lakes, debt lakes, and the stock / flow analysis on how much to keep in your emergency savings lake, and how much to spend on your debt lake.
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