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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How to Raise Financially Smart Kids January 21, 2020

Instilling your children with good financial habits will increase their likelihood of success, just as is the case with many other types of habits. In this post, I’ll provide you with eight things you can do to help your kids become financially smart. All but one of these ideas are based on my experiences growing […]

Susie Q

Do I Really Need to Budget January 21, 2020

Budgeting is critical to your financial health, especially when you are just getting started handling your own money. A budget will help you figure out whether you can afford to make big purchases – a car, a home – whether you can afford a nice vacation and whether you need to find a way to […]

Susie Q

Good Debt vs Bad Debt: Key Characteristics January 8, 2020

Not all debt is bad! The specific definitions of good debt vs bad debt will vary from person to person. For people who plan to retire very early and live on a limited income or for people who know that they have a hard time paying their bills either for lack of money or organization […]

Susie Q

Picking Stocks December 17, 2019

Many investors create their own portfolios by picking stocks in individual companies. As discussed in my post on the basics of stocks, picking stocks in individual companies is one of several strategies for creating an investment portfolio. Alternatives to picking stocks in individual companies include buying mutual funds and exchange-traded funds. I’ll talk about those […]

Susie Q

Investing for Dividends December 3, 2019

Investing for dividends is one of many strategies investors use to identify stocks for their portfolios. Among the strategies I identified in my post on what you need to know about stocks, this is not one that I have ever used. So I reached out to one of my Twitter followers who uses it to get […]

Susie Q