Independence is essential in developing a mature way to manage your money, but that doesn’t mean you have to go about the process completely on your own. While you’re probably clever enough to figure out the long-term affects of your financial decisions on your own, you may be surprised to know that a handful of such calculations can be made instantly through the help of free online calculators. They aren’t going to solve all your financial problems, or put you on the right path over night, but considering that they’re free, the following five online calculators are sure to help you on the path to improved money management:
It’s safe to say that gas prices are only going in one general direction. Those who can’t afford to waste money equally can’t afford to neglect the importance of fuel economy on a family’s monthly budget. Compare options in your price range to uncover the most cost-effective vehicle you feel safe driving.
The correlation between more education and increased prosperity is apparent. But don’t make the mistake of blindly borrowing in order to enroll in that Masters degree program online. Whether you earn your diploma on campus or nab an online degree, it’s not worth much if you’re going to be buried in debt after graduation. Borrow wisely by using a loan repayment calculator.
Millions of Americans with credit card debt make the minimum payments every month, unaware that doing so will lead to more interest being paid in the long run. In order to limit the amount of money you’re handing over to credit card companies purely to cover the APR, use a credit card repayment calculator to find the highest monthly payment you can afford that will lead to the least interest paid.
Despite decades of reduced rates of adult smokers in the U.S., one out of every five adult Americans currently smokes cigarettes. If you or a loved one count among them, plug in how many packs you buy and the price-per-pack in order to see the annual toll the unhealthy habit takes on your household, financially speaking.
Americans waste more than half the energy we consume on account of inefficiencies. Take advantage of the Home Energy Saver available through the U.S. Department of Energy in order to be given an itemized list of ways you can reduce energy waste in your home. Undoubtedly, this will lead to money saved.
Key to improved money management is independence. But don’t feel obligated to go at it alone considering the large amount of tools and resources that are at your disposal online. In particular, free calculators are enormously useful in your efforts to manage your money more effectively.