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CALCULATORS While planning your finances you are likely to need some calculators. Given below is a brief about how they can be used and also the web site links where you can find these.
1. Present Value Calculator
This calculator will compute the present value of an amount of money to be
received in the future.
2. Monthly Budgeting
This calculator will be very useful to prepare your monthly budget and keep it
for future reference and review.
3. Financial Freedom Calculator
This will be useful to those retiring and planning for retirement to check how
long their savings can last and if they have achieved their Financial Freedom
or what funds they need to achieve it.
4. Net-worth Template
This will help you to calculate your net worth and also keep your records for
review.
5. Starting Early
This is a very useful tool for people of all ages and also brings out the magical
compounding benefits of starting early.
6. Loan Comparison Calculator
This will help calculate the monthly installments as well as compare four
different loans. The first column is the number of monthly installments e.g. 120
for ten year loan.
7. Worksheet for you.
A useful worksheet for record and review too.
8. Tax calculator
This helps you to calculate your tax.
9. Crorepati time calculator
This will calculate time it will take for you to become a crorepati at your
planned savings rate, may be for fun, as Financial Freedom you know is a
different piece of cake.
All these calculators are available on the web site on personal finance, the link is
http://personalfinance201.com/calculators.html
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