Financial calculators are tools that can aid in financial decisions. Below are three financial calculators that are very important in personal finance.
The first is the net worth calculator which is a summation of your assets and liabilities. You want this number to be positive, and increasing year over year. Your net worth is a measure of your wealth or lack of.
The second is a basic loan repayment calculator. It will calculate your monthly payments along with the total amount of interest you will pay over time.
The third is a retirement savings calculator. You can calculate monthly contributions and a certain interest rate, along with current savings amount and determine how much you will have in a certain amount of time.
Net Worth Calculator
Enter your total assets and liabilities.
Loan Repayment Calculator
Calculate your monthly payment and total interest.
Retirement Savings Calculator
Estimate your future savings at retirement.