Even if you won a fortune in the morning, you'd be as dissatisfied with your life in 6 months time as you are now unless you look inside to what ails you. Instead, plan to make realization of your hopes and dreams long term. Visualize where you will be in 5, 10 and 15 years time and the sorts of outcomes you want.
Definition. The schedule of payments for paying off a loan. An amortization schedule breaks down the payments into interest and principal, which is helpful because with an amortized loan these the amounts vary with each payment.
How to Calculate Amortization. Amortization refers to the reduction of a debt over time by paying the same amount each period, usually monthly. With amortization, the payment amount consists of both principal repayment and interest on the...