We’ve been searching a long time to find some user-friendly financial calculators to help you with your financial decisions. We’d like to thank calculatorpro.com for providing calculators for our use. Please use discretion when you use these calculators. We didn’t create them so we can’t verify their accuracy or the algorythms used in their calculations. Hey, they’re free. What did you expect? Anyway, they’re pretty useful in helping you make some general decisions so take advantage of them and use them as much as you need!
Credit Card Payoff Calculator
How long will it take to pay off your credit card? Compare different scenarios with varying monthly payments to find out.
Credit Card Payment Calculator
How much will you need to pay each month to have your credit card payed off by a target date? find out with this calculator.
Monthly Payment Calculator
Calculate how much you need to pay each month to pay off a loan by your target date.
Payday Loan Calculator
Payday loans are a ripoff no matter how you look at them, and they only get you deeper into debt in a hurry. Find out the effective interest rate of all the fees and other crud they add to the loan.
Mortgage Payment Calculator
This is almost self explanatory. Figure out what your mortgage payments will be at a given interest rate. Don’t forget to factor your taxes and insurance (and maintenance costs) into your monthly payment when determining whether or not to buy a house.
Debt to Income Ratio Calculator
We want you to be debt free, but most of us aren’t there yet. It’s important to know if you’re at a reasonable debt level or not. To be in a healthy financial position, we’d like you to be at no more than 10% debt to income ratio (excluding your mortgage).
Net Worth Calculator
Get a good snapshot of your net worth. We recommend reviewing your net worth about every six months so you can track your progress for L.I.F.E.!
401(k) Calculator:
One of the main reasons we want you to be debt free is so you can have more money to invest. We’d like you to invest 15% of your income, part of it in your company’s 401(k) (up to the company’s match), and the rest in Roth IRAs. Use this calculator to see what investing in your 401(k) can do for you.
Roth IRA Calculator
Around here we love Roth IRAs because of the tax advantages and because you have so many choices for investing in them. Before you invest, we recommend you consult with a qualified professional investment adviser who has the heart of a teacher. That’s important so you know what you’re investing in (before you invest).
Rule of 72 Calculator
Ahh, the old Rule of 72. This tells you how many years, at a given interest rate, it will take to double your money. 72 divided by the interest rate gives you the number of years it will take to double your money. But it’s much more fun to use this fancy calculator.
Life Insurance Needs Calculator
How much life insurance you need depends on your individual situation, but this calculator gives you a general starting point. Remember that your needs will change over time as your kids leave the home, your house is paid off, etc.
Long Term Care Calculator
Too many people enter nursing homes unprepared. We highly recommend long term care insurance once you reach age 60. To get an idea why, use this calculator and estimate the costs of long term health care (hint: it’s not cheap).
Auto Loan Calculator
We don’t recommend loans for autos, mainly because you’re paying interest on something that decreases in value. We’d much rather see you pay cash for a car, but there are some rare occasions where you need to make informed decisions and compare loan terms. So we’ve added the auto loan calculator to the mix.
Compound Interest Calculator
If you have a lump sum of money and you want to invest it, use this calculator to determine how much it will be worth after a set period of time.
Cigarette Savings Calculator
How much money could you save if you chose a healthier lifestyle and quit smoking? It’s amazing how much our habits can cost us.
Fuel Consumption Calculator
How much is your gas guzzler costing you per day, month, or year? You might be surprised. But be careful not to buy a more expensive vehicle just because it gets better fuel economy. The added expense rarely pays off. Use this calculator to see how much your car is costing you in fuel over time.
Inflation Calculator
How much money will you need in the future to have the same buying power as your money today? Find out with this calculator
Consumer Price Index Calculator
Do you ever wonder how much your dollar was worth twenty or thirty years ago? This calculator gives you a true appreciation for inflation. Enter your starting year and the dollar amount, then the year you want to see the value of the dollar in (past or present).
Hello from Australia Matt. I picked up on your podcast when I was looking for Dave Ramsey stuff. I must say it is quite refreshing to come across your site. It seems friendly and has a bit of a personality. Being in Australia it seems it is a little harder to find cost effective financial advise especially when you are trying get out of debt. I love your calculators and I’m about to have a look at Cash Flow and Spending Percentages Charts. Financial systems are a little different here (eg interest on the owner/occupier family home is not tax deductible but is for investment properties) but as long as I keep that in mind things should go well. Thanks.
Chris HB
Thanks Chris. Glad you like the calculators!