Data Driven Money

Live. Work. Retire. Smart.

Author : Guy Money

Debt Repayment with the Snowball Method

The “Debt Snowball” is a strategy for debtors to tackle their debt in a way that takes advantage of human psychology. Essentially, one’s debts are listed out from smallest down to largest and all efforts above and beyond paying minimum payments are focused on paying off those on the top of the list. The smallest debts are paid off first. The largest debts paid off last.

What is the FIRE Movement?

The Financial Independence, Retire Early Movement (FIRE) is a movement where adherents attempt to change their lifestyle to become financially independent, thereby retiring early. Many of the unofficial tenants of the FIRE ideology buck traditional western lifestyles, seeking a simpler and more sustainable way of life. The term itself doesn’t reference a specific methodology, however, its birth can be tied to specific written works.

How to Use Python to Calculate Compound Interest

This article is geared towards someone who knows a teeny tiny bit about python… but not much more than that. All of this code can be copied and pasted for use in your own scripts or Jupyter Notebooks. Just change up the variables in the designated section and you should be able to easily calculate compound interest as needed for varying time periods.

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