Savings calculators assist people in targeting specific areas of their financial life for improvement. Mortgages, car loans, personal loans, bridge loans, and all types of interest rate calculations are a few options better suited to an online calculator than pen and paper. There are tools to quickly and easily figure out close approximations for projecting interest on your savings, figuring out exactly how much money to borrow for various loans, setting up savings goals, and just how long it'll take to become completely debt free.
The sites below are just the tip of the iceberg when it comes to finding an online savings calculator, but they offer a great starting point for consumers looking to streamline their finances.
Whether your objective lies in comparing interest rates or setting a monthly savings goal, these savings calculators can help you chart a plan to success.
1) Bankrate.com Savings Calculators
Bankrate has a plethora of great calculators available, from simple interest to planning for retirement. There's even a tool to help check your savings balance against the national average. Probably one of the best places to start when finding a specific savings calculator to fit your needs.
2) About.com Online Calculators
About.com's banking calculators offer an easy way to figure out compound interest and estimate loan payments. Mortgage calculators can be helpful when figuring out interest at tax time or setting an annual budget.
YoungMoney offers a college savings calculator for parents, a millionaire calculator, and a calculator for savings goals. These less traditional calculators can speed up the financial planning process when it comes to saving for college and other big ticket items.