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Sunday, May 17, 2015

Penny Pincher Calculators

Calculate How Much Money You Can Save

Last year I got a used book on JavaScript at a half-price bookstore and figured out how to make calculators to let you figure out all sorts of things right on a web page.

Last night, I moved my JavaScript calculators from dppmoney.com to right here on Penny Pincher Journal..  I decided it would make more sense to have the calculators on Penny Pincher Journal instead of my other website.

Penny Pincher Calculators are Easy to Use- Just Type in Your Information and Click "Compute"
Penny Pincher Calculators are Easy to Use- Just Type in Your Information and Click "Compute".
This one calculates how long it takes to pay off a credit card and the total cost of payments.
Image Source: Dr. Penny Pincher

These JavaScript calculators are all really easy to use.  I tried to use color-coding and provide some example values right in the calculator so you can easily see how to use the calculators to better understand your financial options.

You can calculate some interesting things, such as how long it would take to save $1 million dollars.  You can also calculate how much you would save with credit card consolidation or how much you would save by refinancing your mortgage.

Penny Pincher Calculators

Here is a list of Penny Pincher calculators to help you save money:

Mortgage Refinance Calculator- calculate how much you would save by refinancing your mortgage.  How much lower would your house payments be after a refi?  Your mortgage is likely you biggest loan- you can save a lot of money if you can get a lower mortgage interest rate.

Debt Consolidation Calculator- calculate how much you would save on interest by combining several high interest debt accounts into a debt consolidation loan with a lower interest rate.  You would be surprised how much you can save on interest.

Credit Card Consolidation Calculator- calculate how much you could save by taking several high interest credit cards and consolidating these into a lower interest credit card consolidation loan.  Some credit card interest rates are 20% or even more.  Find out how much you can save with a balance transfer to a lower rate card.

Credit Card Payoff Calculator- figure out how long it will take to pay off your credit card.  Try out different monthly repayment amounts and see the effect on how long it takes to pay off a credit card and the total amount you will pay.

Monthly Car Payment Calculator- calculate your monthly car payment given the loan amount, interest rate, and length of loan.  How much car can you afford?  How much lower will your car payment be with a 5 year / 60 month loan or even a  6 year / 72 month loan?

Savings Calculator- let's say you deposit a certain amount of money every month and receive interest over time.  This calculator will let you figure out how much your savings will grow over time.

The Millionaire Calculator- this is my favorite.  Enter your savings rate and rate of return to figure out how long it will take to reach your goal.  The default goal is 1 million dollars.  You can also choose to account for inflation and capital gains when calculating how long it will take to get 1 million dollars of purchasing power.

Investment Calculator- let's say you are investing in a retirement fund and want to find out when you can retire.  Input how much you invest and your average return to calculate how long it will take to reach your goal.  You can account for inflation and capital gains tax.

Mortgage Payment Calculator- there is more to a house payment than principal and interest, you also pay taxes and insurance.  Use this calculator to estimate house payments including principal, interest, taxes, and insurance.

Walking Time Calculator- this one is not about money, but useful to figure out how long it will take to walk.  Enter the distance to walk and select your walking speed (leisurely, purposeful, or brisk) to get an accurate calculation of how long it will take to walk.  Walking is less expensive than driving and is healthy as well.

Check out these easy to use calculators to help you find ways to save money.

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