Comments on: Need debt motivation? Calculate your daily costs. https://eliteedgemoney.com/need-debt-motivation-calculate-your/ Money | Minimalism | Mohawks Wed, 21 Jun 2017 18:33:00 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: J. Money https://eliteedgemoney.com/need-debt-motivation-calculate-your/#comment-112461 Thu, 20 Dec 2012 14:56:12 +0000 https://staging.eliteedgemoney.com/2010/02/need-debt-motivation-calculate-your-daily-costs/#comment-112461 Wow, that’s incredible man! I can only DREAM of doing that right now, but I’m definitely working at it :) It’s nice to see it’s possible though!

]]> By: trevor https://eliteedgemoney.com/need-debt-motivation-calculate-your/#comment-112376 Wed, 19 Dec 2012 19:22:51 +0000 https://staging.eliteedgemoney.com/2010/02/need-debt-motivation-calculate-your-daily-costs/#comment-112376 Wow that’s a brutally high number. I live my entire life on less than 40$/day

]]> By: J. Money https://eliteedgemoney.com/need-debt-motivation-calculate-your/#comment-111435 Thu, 29 Nov 2012 04:29:24 +0000 https://staging.eliteedgemoney.com/2010/02/need-debt-motivation-calculate-your-daily-costs/#comment-111435 Glad you got something out of it :) Been a couple of years since I wrote it, but I remember liking this one while putting it together.

]]> By: StacknBills https://eliteedgemoney.com/need-debt-motivation-calculate-your/#comment-111337 Tue, 27 Nov 2012 20:39:28 +0000 https://staging.eliteedgemoney.com/2010/02/need-debt-motivation-calculate-your-daily-costs/#comment-111337 $25 a day, mostly pertaining to education loans and mortgage. Thanks for this article.

]]> By: J. Money https://eliteedgemoney.com/need-debt-motivation-calculate-your/#comment-485 Sat, 13 Feb 2010 19:19:13 +0000 https://staging.eliteedgemoney.com/2010/02/need-debt-motivation-calculate-your-daily-costs/#comment-485 Yeah, I could see that. My Heloc variable is at 2%-something (CRAZY!) but will go up as soon as the Fed starts raising rates again….but my 1st mortgage is @ 6.9% locked in so hard to determine which to pay first ;) As long as we're all paying something off though!

]]> By: Anonymous https://eliteedgemoney.com/need-debt-motivation-calculate-your/#comment-478 Sat, 13 Feb 2010 06:45:51 +0000 https://staging.eliteedgemoney.com/2010/02/need-debt-motivation-calculate-your-daily-costs/#comment-478 Amazingly, only $21/day. Two dollars is my car loan, two dollars for credit cards, $17 for student loans. I say amazingly since I owe close to $190k in student loans, half federal and half private. Interest rates are so low right now that my highest student loan rate is only 3.3%. This reinforces my idea that, because the rates are low now, it makes sense to make off as much principal as I can, because the private rates are variable, and I do foresee them going back up before long.

]]> By: J. Money https://eliteedgemoney.com/need-debt-motivation-calculate-your/#comment-423 Thu, 11 Feb 2010 17:04:30 +0000 https://staging.eliteedgemoney.com/2010/02/need-debt-motivation-calculate-your-daily-costs/#comment-423 Oh yeah, yearly is even nastier! Daily seems more "real" to me for some reason ;)

And good for you applying $1,000 EVERY MONTH to your mortgage!!! That's freakin' incredible, seriously. I am amazed :)

]]> By: Trina https://eliteedgemoney.com/need-debt-motivation-calculate-your/#comment-997 Wed, 10 Feb 2010 17:23:29 +0000 https://staging.eliteedgemoney.com/2010/02/need-debt-motivation-calculate-your-daily-costs/#comment-997 Thanks again for this post. It led to a great discussion with my hubby last night. Another way to look at it and see how gross mortgage interest can be is to see how much you are paying over the course of a year. $10,811.30 for us. Gross! Then to think that the life of the loan is 30 years…yikes. We are currently paying an extra grand a month and plan to have it paid off in 10 years…just before our 40th birthdays:)
Also, got the Sammy cd. We love it! Thanks.
Trina

]]> By: J. Money https://eliteedgemoney.com/need-debt-motivation-calculate-your/#comment-995 Wed, 10 Feb 2010 16:33:47 +0000 https://staging.eliteedgemoney.com/2010/02/need-debt-motivation-calculate-your-daily-costs/#comment-995 @fallingintofavor – Not too bad, you'll be done with it in no time my friend.
@Anonymous – Paying *anything* a day towards debt is no fun, totally understandable ;)
@WellHeeledBlog – Hah! You gamed the system ;) It looks like you have no debt with these calculations, but in fact you do – interesting. If only you could swap it out for a mortgage/car/etc. haha….thanks for sharing!
@Jackie – You could use it to get 2 coffees at Starbucks every day! haha..
@Trina – Blows. But good that you only have mortgage!
@RainyDaySaver – Definitely good points….we go back and forth on paying some off every month or so ($50 here, $150 there) but then we also like seeing the additional savings in our accounts too. But maybe tracking this daily interest paid will get me to work harder at it?! at least in theory it should ;)
@April B – Ouch. I wish I had a prize for ya!
@Michele – What, you are?! I had nooooo idea! I thought you were in your 20s ;) that's a compliment, right?
@Jamel Rose – I'm glad! Not fun thinking about debt, but it is thinking about the money you could be using it for INSTEAD.
@Money Reasons – Enjoy it while it lasts ;) I want to downsize our house, but I could go for a newer car here once mine dies.
@youngandthrifty – Yes, PLEASE whatever you do, make sure you're 100% comfortable with your mortgage and monthly payments. Having "more" room and house is good in theory, but it also adds to things like debt, maintenance, more "stuff" to fill up that room, etc etc. That's not to say it can't be worth it, just consider it all before you sign ;)
@jdgreene – Should be decent rates if it's school stuff at least. Much better than auto/home/etc rates.
@Anonymous – WOW, good for you! that is inspiring…honestly, very impressive!

]]> By: Anonymous https://eliteedgemoney.com/need-debt-motivation-calculate-your/#comment-992 Wed, 10 Feb 2010 16:06:29 +0000 https://staging.eliteedgemoney.com/2010/02/need-debt-motivation-calculate-your-daily-costs/#comment-992 $16.30 per day, all mortgage. Paying it off as quickly as possible, 10-12 years to go! We bought the house 2 years ago with a 30-year mortgage, NO WAY we're waiting 30 years to pay off the house. :-)

]]>