“We are servants, not celebrities, and when the church assembles in the name of Christ, it is for worship that honors God and not for entertainment that makes people feel good.”
— Wiersbe, Warren W. (2011-01-01). Jesus in the Present Tense: The I AM Statements of Christ (p. 173). David C. Cook. Kindle Edition.
Forum Post from College Math Class
Below is a forum post I had to submit for my college math class and felt that you guys would find it interesting, if not for the fact that if you do a simple calculation on your current loans and making a little more toward each monthly payment, you can see how easy it is to cut loan interest and length down pretty quickly.
"I recently traded in a 2006 Jeep Liberty and purchased a used 2013 Ford Focus with the new loan financed at 7% and totaling approximately $22,000 over 72 months. Using the debt calculator from the link provided, I realized that continuing to pay my current auto note of $380 per month would result in a total of $4,851 in interest over the life of the loan. Paying just $100 more per month would reduce the interest by $1,762 to $3,089 and reduce the length of the loan by 43 months or 3.5 years! I am surprised that increasing my monthly payment could reduce that much time off the loan. Since I drive seventy miles each day commuting to and from work, the time and money that I would save on the loan will allow for me to trade into another vehicle sooner once my car racks up thousands of miles. Of course, the smartest thing would be to make the extra payment each month and pay the loan off earlier so then the money for the monthly payments could be put into a savings account or invested. One of the best resources I found a few years ago for keeping an eye on your finances and tracking savings goals is mint.com. Their mobile app is available on most mobile operating systems including iOS and android, and is definitely worth checking out."
The debt calculator website is http://www.youcandealwithit.com/borrowers/calculators-and-resources/calculators/debt-repayment-calculator.shtml