Annual Percentage Rate - Financial IQ by Susie Q

The interest rateThe percentage which, when multiplied by the face amount or principal of a financial instrument, such as a bond, savings account or loan, determines the amount of interest that will be paid to or by t... More adjusted to reflect any associated expenses, such as closing costs, mortgage insurance or loan origination fees. Annual percentage rates are always stated before consideration of the impact of any compounding.

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New vs Used Cars April 30, 2019

Is buying a used car really all that important to your financial health? I’ve seen lots of articles and posts that say that financially responsible people buy only used cars. Being the data geek that I am, I was curious so looked into the question. In this post, I’ll provide you with my insights on […]

Susie Q

My Next Car: Pay Cash, Borrow or Lease? April 16, 2019

The finances of buying a car can be tricky. In addition, there are so many other things to consider. What kind of car do I like? How often do I want to replace my car? How many people (and pets) do I need to be able to transport comfortably? Through what weather conditions do I […]

Susie Q

Savings Accounts for Kids April 2, 2019

Many parents want to create savings accounts for their kids – for one or both of funding their education or giving them a head start on life. In this post, I’ll focus on the different types of accounts you can use for the latter purpose – giving them a little (or maybe more than a […]

Susie Q

Should Chris Pay off his Mortgage? March 26, 2019

Chris @Money$tir asked other financial literacy and financial independence (FI) bloggers, in a post on March 9, 2019, whether he should pre-pay his mortgage or invest the money. He provided his thought process and calculations. In this post, I will review his calculations and then show that his decision will be easier if he narrows […]

Susie Q

Investing in Bonds March 19, 2019

Bonds are a common investment for people targeting a low-risk investment portfolio. One of the pieces of advice I gave my kids (see others in this post) is to never buy anything you don’t understand. In this post, I’ll tell you what you need to know so you can decide whether investing in bonds is appropriate […]

Susie Q