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Optimize Your Financial Planning with PowerPay Calculators & Educational Resources

Discover the PowerPay Calculators & Education Center, designed to empower individuals in managing their finances. Developed by Marsha A. Goetting, Ph.D., CFP®, CFCS, and Keri D. Hayes, this resource provides valuable tools and educational materials for effective financial decision-making. Enhance your understanding of debt management, budgeting, and investment strategies to achieve your financial goals. Explore user-friendly calculators and informative guides tailored for everyone, from students to seasoned investors.

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Optimize Your Financial Planning with PowerPay Calculators & Educational Resources

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  1. PowerPay Calculators & Education Center July 2009 1 1
  2. PowerPay Calculators 2

  3. Marsha A. Goetting Ph.D., CFP®, CFCS

    Keri D. Hayes Professor & Extension Family Economics Specialist Department of Agricultural Economics & Economics Publications Assistant Department of Agricultural Economics & Economics 3
  4. PowerPay Calculators Web site(Utah State University-Extension) https://powerpay.org 4
  5. User Login If new member, click [New? Sign up now] 5 5
  6. Enter New User Information,Click Submit Screen that Appears 6
  7. Click Calculators Tab 7
  8. Calculator Options Housing Expenses Loan Qualifier Mortgage Comparison Transportation Expenses Additional Payment Emergency Savings 8 8
  9. 9
  10. Housing Expense Calculator 10 10
  11. Housing Expense Calculator Percentage of income going towards home costs per month 11
  12. Click on Housing Expenses Calculator 12
  13. Example 1: Housing Expenses Calculator 13 Calculate 13
  14. Results (Example 1): Housing Expenses Calculator 14
  15. Screen Example 15
  16. Example 2: Housing Expenses Calculator 16 Calculate 16
  17. Results (Example 2): Housing Expenses Calculator 17 17
  18. Screen Example 18
  19. Loan Qualifier Calculator 19 19
  20. Loan Qualifier Calculator How much to reduce monthly debt obligations to qualify for a loan 20 20
  21. Scroll to Top, Click Loan Qualifier 21
  22. Lender requirement Borrowers debt must be less than given percentage of income to qualify for loan 22 22
  23. Example 30% debt/income ratio No more than 30% of income is being used to pay creditors 23 23
  24. Example 1: Loan Qualifier Calculator Calculate 24 24
  25. Results (Example 1): Loan Qualifier Calculator Monthly Debt payment must be $1,375 or less 25 25
  26. Loan Qualifier Calculator Screen Screen Example 26 26
  27. Example 2: Loan Qualifier Calculator Calculate 27 27
  28. Results (Example 2): Loan Qualifier Calculator Monthly Debt payment must be $1,200 or less 28 28
  29. Loan Qualifier Calculator Screen Screen Example 29 29
  30. Mortgage Comparison Calculator 30 30
  31. Mortgage Comparison Calculator Compares paying off a mortgage: Biweekly Monthly 31 31
  32. Scroll to Top, Click Mortgage 32
  33. Example 1: Mortgage Comparison Calculator Calculate 33 33
  34. Results (Example 1): Mortgage Comparison Calculator 34 34
  35. Results (Example 1): Mortgage Comparison Calculator 35 35
  36. Screen Example 36
  37. Results (Example 2): Mortgage Comparison Calculator Calculate 37 37
  38. Results (Example 2): Mortgage Comparison Calculator 38 38
  39. Results (Example 2): Mortgage Comparison Calculator 39 39
  40. Screen Example 40
  41. Transportation Expenses Calculator 41 41
  42. Transportation Expenses Calculator Percentage of income spent on overall transportation costs per month 42 42
  43. Scroll to Top, Click Transportation 43
  44. Example: Transportation Expenses Calculator Calculate 44
  45. Results: Transportation Expense Calculator 45 45
  46. Screen Example 46
  47. Additional Payment Calculator 47 47
  48. Scroll to Top, Click Additional Payment 48
  49. Additional Payment Calculator Decreased payoff time Net effective interest rate Interest savings 49 49
  50. Example: Additional Payment Calculator Calculate 50 50
  51. Results: Additional Payment Calculator 51 51
  52. Screen Example 52
  53. Emergency Savings Calculator 53 53
  54. Emergency Savings Calculator How much to save for emergencies: Unemployment Furloughs Allow to pay expenses for 3 months 54 54
  55. Scroll to Top, Click Savings 55
  56. Example: Emergency Savings Calculator Calculate 56 56
  57. Results: Emergency Savings Calculator 57 57
  58. Screen Example 58
  59. PowerPay Education Center 59 59
  60. Scroll to Top, Click Education Ctr. 60
  61. 61
  62. Education Center Topics Budgeting Credit Debt Management Financial Binder 62 62
  63. Education Center Topics, con’d. Finance Books Financial Resources Identity Theft Insurance 63 63
  64. Education Center Topics, con’d. Live Within Your Means Living the American Dream Money Attitudes Saving & Investing Teaching Children About Money 64 64
  65. PowerPay Calculators & Education Center July 2009 65 65
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