Courtesy of Doug Short
We’re nearing the end of January, the time of year when New Year’s resolutions begin to fall by the wayside. If one of your 2011 goals was to get your financial house in order, here is a list of outstanding calculators to help you makes sense of your dollars and cents.
The links below will take you to resources on the Financial Mentor website of Todd R. Tresidder, an expert who teaches personal finance and investing based on real experience. We’ll learn more about Todd in a future post. But for now, play around with a few of these tools in the spirit of making 2011 a cornerstone year in your own financial life cycle.
- Debt Payoff Calculator
How much must I pay each month to get out of debt by a specific date? - How Long To Get Out Of Debt Calculator
How long will it take me to get out of debt for any given monthly payment? - Accelerated Debt Payoff Calculator
How can I get out of debt faster using the "rollover method" and how much will I save? - Credit Card Minimum Payment Calculator
How much interest will I end up paying if I just make the minimum payments on my credit card? This calculator shows why the banks are rich and you are not. - Debt Equity Calculator
Should I pay down debt first or build equity? Which provides the highest return on investment? - Latte Factor Calculator
How much is that daily fancy coffee really costing me? Use this calculator to determine the long-term true cost of any periodic spending – whether it is monthy, weekly, or daily. It shows you why Starbucks is rich and you are not. - True Cost Of Spending Calculator
How much interest will I give up over my lifetime to buy that fancy car or new boat? Use this calculator to determine the long-term true cost of any one-time purchase. - Loan Calculator
What will be my monthly payment and interest for any given set of loan terms? Use this financial calculator to see how varying the loan terms affects the monthly payment and interest. - Loan Calculator With Amortization Schedule
Similar to the calculator above but a little fancier with more bells and whistles. It also provides a printable amortization schedule. - Present Value Calculator
How much is a single payment in the future worth to you in today's dollars? - Present Value Of Annuity Calculator
How much is a series of payments (regular income stream) in the future worth to you in today's dollars? This calculator is useful for computing the discounted present value of an annuity, real estate, business, or any other asset that throws off an income stream.
