Daily Investment Tips

ING bank has free tool that lets you calculate “your number” – how much you’ll need the day you retire to live the lifestyle you desire with a given income, retirement date and life expectancy.

The ING number calculator is based in six questions:-

1. How old are you
2. Are you married
3. Whats your current household income
4. At what age do you plan to retire
5. How much annual income will you need during retirement
6. Provide income through what age

To calculate how much money you will need for your retirement go to ING Website

How Much Money You Need To Retire ING

Like all other online calculators I dont think this ING retirement calculator should be taken seriously because the questions asked ignore other key factors such as social security and pension. But I think the ING tool is a fun thing and gives you a simple idea of how much money you will need for retirement and most importantly remind you the importance of saving for retirement.

written by Constantine Njeru \\ tags: Calculators, Desire, Free Tool, Fun Thing, Household Income, How Much Money, Ing Bank, Ing Retirement, Ing Tool, Life Expectancy, Lifestyle, Number Calculator, Retirement Calculator, Retirement Income, Retirement Planning, Saving For Retirement, Social Security

Suze Orman was once asked in a blog interview what is the most commonly asked question that you receive? Her answer was, how do I best get out of credit card debt?

if you want to get out of credit card debt Suze Orman says the first thing you need to do is : Get a pair of scissors and cut up all credit cards! If you are not willing to do this right now, it’s a sign that you need some serious help. It means that you still don’t understand the implications of having debt of this kind – and that you are still being disrespectful to yourself and to your money. Suze Orman

After cutting up the credit cards the next step is the action part. From Suze Orman book The Road To Wealth.

Step One to get out of credit card debt

Make a complete list of everything you owe

Step Two to get out of credit card debt

Calculate all your expenses and estimate how much money you can afford to pay toward reducing credit card debt each month.

Step Three of Getting out of credit card debt

Add $10 to each minimum monthly payment for each credit card that you have.

Step Four To Getting out of credit card debt

Compare the figures you get from step 2(largest amount you can afford to pay) and step 3(minimum payments). If you are lucky the figure from step 2 is larger than the figure in step 3. If it is not, you might want to look again at things you can do to save money in step 2 to get this figure up.

Step Five of Getting out of credit card debt.

The difference you have in step four should be used in paying off first the debt with the highest interest rate.

Step Six and Final step

Once the first card is paid off you will proceed to the next card with the highest interest rate.

written by Constantine Njeru \\ tags: Complete List, Credit Card Debt, Credit Cards, Credit Debt, Cutting, Getting Out Of Credit Card Debt, Highest Interest Rate, How Much Money, Minimum Payments, Next Card, Orman Suze, Pair Of Scissors, Reducing Credit Card Debt, Reducing Debt, Step 2, Step 3, Suze Orman

One money saving tip is reducing the amount of money you spend on energy bills. You need to get an home energy audit to determine how much money you can save. An audit of your energy use can show you areas you can use to reduce your energy bill.

For a few hundred dollars, experts using high-tech gadgets, and computer models will analyze your home, work out in detail all the ways it’s wasting energy and tell you what you can do to stop it.

How An Audit can reduce your energy bills

1. An audit can help you rethink your heating and water systems,
2. Identify possible sources of renewable energy, from solar paneling to a geothermal heat pump.

Implementing the above changes can help you save money over time. Another thing is you will be playing your part in helping the environment.

To find a home energy auditor check for credited auditors at Building Performance Institute

written by Constantine Njeru \\ tags: Amount Of Money, Computer Models, Energy Auditor, Energy Bill, Energy Bills, Energy Saving, Energy Use, Geothermal Heat Pump, Helping The Environment, High Tech Gadgets, Home Energy Audit, How Much Money, Money Saving, Paneling, Performance Institute, Sources Of Renewable Energy, Wasting Energy, Water Systems