Online Calculator for Credit Card Purchases

Paying with a credit card may cost you more than you think.  Depending on how fast you pay off your credit card bill, the interest could exceed the sale or coupon you used in the purchase.  Find out exactly how much that credit card annual percentage rate (APR) will cost you with this easy online calculator. This free online calculator is provided by Jeff Atwater, State of Florida’s Chief Financial Officer, on his website http://www.myfloridacfo.com/YMM/Calculators/CostOfCredit.aspx.  Enter the purchase price, APR, and amount you plan to pay each month, then the calculator will show you how much total interest you will owe, and how many months it will take to pay off the purchase with interest. You may want to adjust how much you are willing to spend on the initial purchase (get a less expensive item), or be more aggressive at paying your credit card bill (pay more each month).  Knowing how much (and for how long) you will be paying can help you make better budgetary decisions for your financial fitness and overall purchasing power.   Read More

Baby Budget

Having a baby?  Congratulations.  Budgeting for a baby?  Good luck.  Florida’s Chief Financial Officer Jeff Atwater has a free online calculator to help you find a ballpark figure of expenses for your little bundle of joy.  Remember, what you fail to budget for now, a Bankruptcy Trustee may help you budget for in the future, but that might not be your ideal future. You do not necessarily have to go broke caring for a baby.  Here is a link to CFO Atwater’s free online baby budget calculator: http://www.myfloridacfo.com/YMM/Calculators/BabyBudget.aspx If you are having trouble balancing your new bundle of expenses with your income, talk to an attorney before you file bankruptcy.  There are long-term consequences you need to know and understand before you file.  An attorney can review the specifics of your situation to help you determine if bankruptcy is right for you in the big picture as well as the small one.   Read More