When you buy and hold a mutual fund in your retirement account, you pay an expense ratio, which is basically a fee to the firm that manages the fund. Expense ratios might range from about 0.15 per cent to well over one per cent, which doesn't seem like a huge difference. However, expense ratios add up over time and this calculator shows you just how much.
Tagged With saving money
If you're on a budget and you're looking for some great ways to relax and unwind beyond just going for a walk or taking a nap, this graphic has about fifty of them, all of which may take a little time, but never any money. Best of all, it's organised chronologically, so you can try them at different parts of the day.
In our monthly Ratehacker round-up, Jeremy Cabral from comparison site finder.com.au highlights the latest credit card deals, plus the best savings accounts, home loans and personal loans.
There are a lot of ways to calculate how much money you need to save to retire. Once you reach retirement, though, a lot can influence how long that money lasts, including the year you retire.
Hump day (AKA Wednesday) is arguably the most boring day of the week. So why not liven things up by grabbing one of these nifty online bargains? Deals that caught our eye this week include: get 20% off select products at eBay, Back To School deals from Officeworks and Microsoft, get six months of free Netflix via Telstra TV.
The snowball method is the best way to pay down your debt. If you're sceptical and want to see how it will work, this spreadsheet will calculate exactly how long it will take to be debt free.
Domino's Pizza will be jacking up its menu prices by 10 per cent on Sundays. This surcharge has been introduced due to an increase in weekend penalty rates for Domino's workers. If you're currently watching your pennies, the smart move here is to avoid Domino's Pizza on Sundays entirely. Problem solved!
Web/iOS/Android: Most mortgage calculators will tell you how much your monthly payment will be or even how much total interest you'll pay each month compared to the principal. This calculator shows you that, but it includes more detailed information on how much you'll pay over time, too.
Soy sauce is delicious, but choosing the best often comes down to "my brand versus your brand." Ditch brand loyalty and look at the label instead: If yours has been brewed or fermented, and proudly states it, it will be better than sauce made using methods like hydrolysis, often used to keep costs low.
Selling books and textbooks you don't need is a great way to declutter and make some extra cash. There are quite a few good sites to buy and sell books, and BookScouter shows you their offers all in one place.