5 Online Calculators to Help Organize Your Personal Finances

The more you pay attention to your personal finances, the better. From making a budget to saving for retirement to managing your savings, you should try to keep track of as many aspects of your personal finances as possible. There are many great apps to help you with your personal finances, and there are several websites that offer personal finance help.

Online calculators can be a great tool, as well. There are online calculators for many different aspects of personal finance, and they can help you figure out what you need to do to get where you want to be financially. Following are five different kinds of calculators that can help you with your personal finances — calculators for your mortgage, retirement, savings, car payments, and debt. Using these calculators will help you start thinking about your financial goals and plans.

1. Mortgage calculator

While your bank or lender will determine how much they think you can afford to pay for a home, you may not agree. Using a mortgage calculator will help you figure out just how much you are comfortable spending overall, and how much you can safely afford each month.

Mortgage calculators come in varying degrees of complexity, and you will want to determine how much you are likely to be approved for, as well as also how much you can actually afford, factoring in all of your other bills. For example, if a mortgage calculator tells you that a specific mortgage will cost you $2,500 per month but you know that when you factor in your other expenses, you can’t actually afford that much, then you don’t want to be shopping for houses that will cost you that much.

If you already own a home and you are considering refinancing, also try a refinance calculator.