Financial Calculators
Financial calculators are indispensable tools for individuals and professionals alike. They simplify complex financial computations, provide accuracy, save time, and empower users to make well-informed financial decisions, whether it’s for personal finance, business, investment, or retirement planning. Here are some of the useful calculators:
- Life Insurance Needs Calculator: Estimate the amount of life insurance coverage you need to take care of your family. There are also some simple methods to use by multiplying your gross (a.k.a. before tax) income by 10 to 15. Another popular formula recommends adding $100,000 to that amount for each child’s college education expenses. Please see, How much life insurance do I need?, for more information.
- Human Life Value Calculator: This calculator helps you assess the financial loss your family would incur if you were to die today. It provides only a rough estimate of your human life value, which can factor into how much insurance you need.
- Disability Insurance Needs Calculator: This simple tool estimates the income you would need to maintain your current standard of living should you become disabled and unable to work.
- How much should I be saving for college? Determine how much you should be saving for college on a regular basis.
- Compound Interest Calculator: Determine how much your money can grow using the power of compound interest.
- Savings Goal Calculator: Calculate how much money you need to contribute each month in order to arrive at a specific savings goal.
- Savings Calculators: With these calculators, you can better visualize how your money can grow over time and help you meet some of your biggest savings goals.
- Auto Calculators: efore you head to the dealership, take the time to figure out the numbers you need to know. For instance, what’s the total amount — interest and fees included — that you want to spend? How much can you afford for a payment each month?
- Housing Calculators: For most people, buying a house is the most expensive purchase they’ll ever make. Knowing how the numbers will affect your finances is essential and accurate calculators can help.
- Retirement Calculators: Don’t leave your retirement savings up to guesswork. Instead, set a clear plan for your savings goals — and take the time to calculate the numbers that will help you do it.
- Personal Finance Calculators: Keeping track of your personal finances helps ensure you’re spending your money in a way that aligns with your priorities. With these calculators, you can assess your personal finances and make a plan to adjust your spending as needed.
- Investing Calculators: Having an investment goal is one thing — achieving it is another. Luckily, these calculators can help you stay on top of your financial goals by calculating if you’re on the right track. In fact, you can even view suggestions for how your investment plan may need to change if you’re falling short.
- Tax Calculators: Taxes and calculators go together like peanut butter and jelly — one is just infinitely better with the other. Thanks to the calculators on this page, you can get a more accurate prediction of your tax bill and a clearer picture on your net take-home pay.
- Loan Calculators: Take the guesswork out of managing and repaying loans. By understanding the numbers from the start, you can ensure the terms of your loan fit with your finances, allowing you to follow a clear repayment strategy.