Hi friends
I know there are lots of mobile apps and great tools to track expenses, budgets and everything. Today, reading an article: How I visualize my money from the daily finance selection posts of Rockstar Finance. I realice that is always important to make your own spreadsheet/tracking system. Why? you might ask. There are more specialized and better apps, I guess you are right. But how many of them are made for you?
I've my own spreadsheet for certain things. I know most of the FIRE articles are USA related, some things does not make sense for my situation. can get 9% of interest for a CD but inflation is about 5%. Anyways I just wanted to share this graph that is generated for my mortgage and It helps me see how paying a bit more than minimum has saved me almost 60 thousand USD in the 25 years contract.
Red line is what I should pay, blue line is what my past payments will get me to when I'm done (hopefully it will move towards the left more)
Comparison of what the amount distribution looks like to what it supposed to look.
I will try to constantly post my financial journey, follow #myfinancialroad for more financial posts.
Financial series:
Thanks for reading.