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Personal Finance Math 2: Calculating Credit Card Finance Charges, Part 1





To help you start understanding the stock market you need to think of what makes it work. Very simply the market is driven by supply and demand. That means that if there is only a very limited number of shares in a particular company available the demand for them will be far greater than if the market place is awash with them. 

For anyone looking to get started with investing they need to consider whether they will be investing a lump sum or regular monthly payments. With monthly savings they could consider looking at mutual funds as these will allow them to get a taste for the stock market while sharing the risks and rewards with others. 

With the internet available to just about everyone now doing the checking can be a very simple task. Starting with the banks and loan company's own web site is usually best. Once you have got a good idea of how much refinancing is likely to cost you are far better equipped to approach the directly. But before picking up the phone it's a good idea to make sure you are going to present your application in the best possible way. 

The simple math here is that if the maturity period is longer, then the total interest you earn needs to be higher. The interest rate itself may not be higher, but the total interest earned should be. The best source to do the research is definitely the Internet, where you get information not only from the websites of the financial institutions that provide the CD products but also from the various blogs and forums where people discuss about CDs and which of them are the best. 

If you are what is called "risk averse" you will probably be a nervous wreck if you put all your money into high risk shares. By learning to manage your risk levels you can ensure that you only select positions you will feel comfortable with over the medium to long term life of your portfolio. 

The most important thing that you have to consider is how much they are going to cost you. Not just the short term because that will almost all ways be better than the amount you are currently paying. It's the long term cost that can be the sting in the tail with any kind of debt consolidation loan. As a smart shopper you need to do the math on whether the amount you will pay over the life of your refinancing will be worth the monthly reduction in your outgoings.