Study for Enjoyment

 

I recently read an interesting article that listed the most pointless courses to take at college or university, and my initial thought was, I wonder if the subject that my degree was in made the list. It did. But that got me thinking, should what we study be dictated to us.

This article seemed to be nothing more than a way to belittle people who have studied something that they enjoy at university, an easy argument back could have been something like, “Journalism is a pointless degree as you’ll only be writing fluffy pieces of news that nobody really cares about”. However, this argument is flawed, much like the initial article.

The reason for studying something at a higher level should be because you gain enjoyment out of it, I can’t think of anything worse that enduring a degree simply because you want to look good at the end of it, that’s pointless and a huge waste of time. If you want to learn about the history of comic books or how to surf then it should be your choice, and not anyone else’s.

At the end of it, you’ll have the last laugh when you are in a career that you love, and they are stuck doing something that they can’t stand. Also, enjoy your time at college; they are some of the best years of your life.

Understand your Financial Burdens

Students should take the time to use an interest calculator to see just how their student loans cost them significant amounts of money in interest alone every month.

A lot of us investment amateurs almost twist in pain at the thought of placing hard earned savings in the hands of so-called shady bankers. Much of this anxiety and fear is really a direct result of lacking the right knowledge when it comes to compound interest. Investment institutions award their investors with compound interest at an agreed rate of interest and after a certain period of time. To an investor this amounts to a kind of silent profit you need not sweat for. However, with the right knowledge and formulas you will know what to expect from a possible investment beforehand, and this is where a compound interest calculator comes into play. One thing ought to be remembered though, which is the fact that the principles of compound interest and the features of the calculator also apply in the case of borrowed money.

Compound interest is basically the amount of interest that is generated from the principal amount of money you would have invested; in other words it is the profit gained from money saved. Once the interest is earned it is then added to the principal amount and is compounded once more. Therefore you stand to make more money than usually possible if you choose to compound your money over and over again.

The Calculator Itself

This interest calculator is a gadget that enables you to know a variety of information. You can calculate the amount of money you have amassed during the period of investment, plus of course it is possible to calculate the charges and figures you must pay on the original amount borrowed from the bank. Then of course there is the formula for compound interest, which is also featured on the calculator. To make use of this formula you need four very important things: the amount of money invested/borrowed, the time period, the agreed interest rate and the number of times the interest is to be compounded. If this proves to be a little too complex then the online calculator might be a user-friendly tool.

There are a lot of reasons why having a compound interest calculator is a must. You will definitely avoid being ripped off and you can know, beforehand, what is at stake when it comes to investing or borrowing money. These days knowledge is power, so buying this calculator is a vital step towards empowering and liberating yourself.

College Wine Clubs

college drinking!So, I should start by saying that I understand everyone on a college campus isn’t 21-so a wine club isn’t going to be perfect for everyone.  That being said, college wine clubs are among the fastest growing groups on campus.  That might be slightly less true on a Community College where kids who went straight to college out of high school are usually going to be too young to enjoy an alcoholic beverage, but there are others on community college campuses, who are in fact old enough to drink.

In any case, it’s pretty simple right-kids want to drink interesting things while also learning a little something, if they get to feel a bit sophisticated along the way that’s a good thing right?

Students Use Amortization Tool to Restructure Loans

By making use of this amortization tool, students are learning to save money every month by getting a clear understanding of how their student loan payments are broken down.

So you have bought your house and are just starting to make payments on it.  It feels good for a little while, but after you check how much you owe you will notice that each month the principal remaining is not really going down that much.  The fact is, at the beginning of the loan the majority of your payment is going toward paying for the interest on that loan.  As your loan ages, more of the payment will be going toward principal and less toward interest, but when will each payment seem to start making more of a dent?  You can use an amortization calculator to figure that out.  They are easy to use and the results might surprise you.

Just for those people accessing from outside the US, you should remember that this tool is not entirely accurate in these circumstances.  Also you can use a VPN or proxy to bypass these restrictions, just like in this video about which demonstrates a fast UK VPN.

Paying a little bit extra toward your mortgage each month will actually make quite a bit of difference in your loan.  Instead of taking the full 15 or 30 years you can knock that debt out quicker.  Just how much quicker will depend on how much extra you put toward the mortgage each month.  Each little bit you pay toward the principal will be that much less that is accumulating interest.  This means that your interest charges will be quite a bit less after the loan is paid off.  Even just $25 extra per month being paid on the loan will help to knock months, even years, off your mortgage.  Use the amortization calculator to determine just how much faster your loan will go away if you pay a little more each month.

Getting out of debt is a goal for just about everyone out there.  The best way to get out of debt is to pay extra each month.  The minimum payments are designed to help the lender earn as much as possible off your loan.  By paying it off early you save money, and you build your equity faster.  Unless you have a loan that has extremely low interest (one where inflation is higher than the rate on the loan) you would be better off getting rid of it early.  Even if you do have a low interest loan, paying it off could boost you psychologically.

References:
John Jones: Block My IP Address, Nomad Press, 2013