As debt is eliminated, saving and investing are possible to help you advance your financial goals, so you can move from being a power payer to a power saver! Using the power pay tool you can know exactly when your debt will pay off and when the savings can begin!
In addition when you visit the power pay website, you will have access to a number of calculators including a calculator that show the percentage of take-home pay that goes to pay for housing costs. I am house poor if my total housing costs are greater than 35%.
Other calculators include:
- Are your transportation costs driving ou into the "poor house"
- How much home loan can I qualify for
- How long will it take to pay off debt with an extra payment
- How much emergency fund should I have