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I'm a geek working as a distance learning specialist for a large corporation.

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SciFi.com: Science Fiction Movie and TV Reviews Oh, man ... I loved this show when it aired in UPN's fledgling season (kind of ironic that it would be released at theNowhere Man on DVD

FOR WHAT IT'S WORTH | Bryce Zabel: Koppel on Iran I don't plan to get into politics too much on this blog, but I do agree with Zabel that this isTed Koppel on Iran & US involvement in Middle East

This is just too perfect. I actually laughed out loud at a couple. Super-Social Networking: Superhero Facebook Status Updates My favorites are by far Spider-Man's and Green Lantern's. They need one forSuper status updates

A few things that are now probably old news for some of you have come across my reader. Sorry I didn't get to pass them on earlier. I done beenCatch up on Sci-fi news

I guess it's about time I started reading the books. I have now seen all the movies. I just returned from the final entry. The final story in a cohesive series bearsReview: Harry Potter and the Deathly Hallows, part 2 (spoilers)

Computer-Generated Image Looks Exactly Like a Beautiful Woman - Gizmodo Click the link above to see a completely CG image of a real Korean actress. Those of you with keen eyesIs she, or isn't she?

Wink - [Homepage] Just ran across this free application that could be a replacement for Adobe Captivate, if you're looking for a quick and dirty way to create software demos. DidReplace Adobe Captivate for free?

Out of the ashes of our future destruction, a new hero has been born. Gabriel Bright. Beacon of hope. Defender of justice. Burdened, as are we all, with the knowledgeThe Birth of Gabriel Bright - DC Universe

No, I haven't read the entire series in the last 12 hours. I have, however, read an excellent article that explains how much of my disappointment in the finale ofReview Addendum: Harry Potter and the Deathly Hallows, pt 2 - book comparison

The truth, it is said, is a three-edged sword: your side, their side, and reality - and it cuts in all directions. Lately the education system is in the news aEverybody's right, everybody's wrong

Community Connections Forums - Bells and whistles (if you're not a member, you get redirected to the home page... sorry.) It's a little unusual for me to quote from a discussione-Learning Glitz: misunderstanding video games

SoSF Interview With the “Tin Man” Creators Steven Long Mitchell and Craig Van Sickle - Slice of Scifi Yeah!!! Here's some hope for "The Pretender" fans... can't wait to hear more"The Pretender" to continue/conclude online!!

The fall TV season is upon us. Are there any shows out there worthy of watching this year? Any guilty pleasures you've just gotta have? Anything that just drains theFlashing Forward to Fall TV

I don't have a pet. Dog, cat, fish, bird, rock... nothing. That's not likely to change in the next 5-7 years, if ever. There are lots of reasons, actually, butWhy I don't have a dog

In light of my most recent post, and the fact that I'm putting the Polls back in the right sidebar, I thought I'd open up a new poll question... [poll id="10"] I'mBest X-Men movie?

Saving money thru the power of cluelessness

Earlier this year I had the windows in my house replaced. This cost more money than I had on hand, so I took the loan offered through the company who sold me the windows. Aside from an 11% interest rate, there were terms that would give me time to get a better loan at a lower rate, at which point I was going to pay off the original loan.

So, life happened and time went on. I was delayed in getting the new loan slightly, but managed to get it within a short time of the original loan beginning to accrue interest.

I called this morning to get the payoff amount for the original loan. They quoted an amount including $370 of interest. I said thank you, and hung up, ready to write a check.

Then I thought about it for a minute and realized that was way more interest than I expected, so I did some math. I computed it assuming either daily or monthly compounding, but no matter how I did it, I only came up with $160 of interest due.

$210 is a bit large of a discrepancy for me to swallow. I accept that I’m not a financial wizard, but that’s a rather big difference.

So I called back. I told them how I computed the interest and the difference I found, and asked them to explain what I was doing wrong. I knew it had to be something I was doing wrong, but I wanted to know what it was. She told me that the contract I signed was for an actuarial loan vs. a simple loan. I said, “ok. What does that mean?”

After being put on hold, the woman came back and said she’d have a loan officer call me to discuss. I said, “Great. I just want to know how the quoted payoff was calculated. Thanks.”

A few minutes later, the phone rang. It wasn’t the loan officer, it was the same lady again. This time she sounded tired… a little defeated. She reiterated that the contract I signed was for an Actuarial loan, but the loan officer decided to treat it as a simple loan, so my payoff would include just $160 of interest!

I was actually speechless for a second. A bank just ate $200 in revenue simply because I didn’t understand how an Actuarial loan worked, and they didn’t want to explain it to me. I’m positive that in reality they made no mistake in their calculations. They were legitimately owed the full $370. But simply because I asked how they got that number, I saved $210. That’s just awesome!

The lesson for today: if you don’t understand something, ask a question. Worst case scenario is that you’ll learn something. Or maybe you’ll save some dough!

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