Most people are smart enough to do the math required to effectively manage their budgets. But not everybody is clever enough to know that there are a number of online calculators that will do the math for you. While they won’t tell you which stocks to invest in or which type of title loan to avoid, they will come in handy when trying to find ways to save hundreds and even thousands over the course of a year.
Here are five examples:
Bloomberg Retirement Calculator
Before choosing a particular retirement plan just because your favorite television personality did, find out how much you’re going to need to save first by using a retirement calculator. You may find out that an alternative option is better for your particular retirement goals.
Credit Card Repayment Calculator
Paying more than the minimum owed on your credit card bill will result in less interest paid over time. To see how much you could save in the long run by increasing the amount you pay a month, use a credit card repayment calculator. It will also show you how long it’ll take to pay off your debt completely.
Fuel Economy Comparison Calculator
Gas prices are only going to go up from here. Your next choice in automobile needs to be a fuel efficient one. Compare the options in your price range using a fuel economy calculator to find the most cost-effective vehicle possible.
Do you or a loved one smoke? The annual costs of this unhealthy habit can be shockingly staggering – over $2000 in some cases. Check out how much money cigarettes are sucking out of your household every year by using this cost-of-smoking calculator.
58% of the energy Americans use every year is wasted on account of bad habits and inefficiencies. This equates to large sums of cash going out the door. The Department of Energy is so concerned about this that they provide a sophisticated calculator online to help Americans reduce energy waste. Using data about utilities costs, usage habits, and home setup, those using the Home Energy Saver are given an itemized list of ways they can save on energy and thus save money.
Saving money is hard enough as it is when done alone. Make it easier by taking advantage of handy online calculators. There’s no reason why you shouldn’t check them out.
No Comments