Online Calculators
Valuable Financial Decision-Making Tools
By Debra L. Karplus, MS
Financial decisions can be mind-boggling at times. Whether you are shopping for a mortgage or auto loan with competitive interest rates and affordable monthly
payments, checking out insurance quotes with reasonable premiums, trying to
select the credit card that works best for your family, putting together a
household budget with optimal spending power, or operating a small, hopefully
profitable, business, it’s often tough to make the right choices. But online calculators make these options so
much easier to sort through, as you can create different scenarios simply by
entering new figures.
Calculating borrowing
options just became easier.
Whether you are moving
to a new residence or looking to finance or refinance a home, take out a home
equity loan or finance a new or used car, online calculators, such as the ones
on The Dollar Stretcher website, transforms
this seemingly intimidating task this into a simple, sometimes fun, activity. Some tools are even specific to the state
where you live and will obtain your loan.
Selecting the best
credit card and controlling debt are just a click away using online
calculators.
Everyone’s credit
card usage and needs vary. Whether
you desire low interest rates, no annual fee, cash back rebates, airline mileage,
gasoline discounts, merchandise rewards, or balance transfers, you can type in
the variables and find a credit card that best suits your lifestyle and
spending habits. It’s that easy!
Growing your nest egg
can be planned sensibly with calculators online.
You are trying to become move knowledgeable at investing and saving. Maybe you are
shopping for certificates of deposit
(CDs) in your area so that you can have fixed rate returns within a specific
time frame. Or possibly someone in your
family is college-bound and you are borrowing money for a student loan or
researching 529 college savings plans for you child or grandchild’s
education. Or possibly you are doing
retirement planning for yourself and your spouse. These tools, too, are available and easy to
use.
Operating the
financial aspects of your small business is much more manageable.
Your business certified public accountant (CPA) or consultant
might as well be speaking Chinese when discussing financial ratios, margins and
percentages for your small business.
But you can become much savvier with these terms by using one of the many small
business online calculators. Current
ratios, quick ratios, debt to assets, return on assets, gross profit margin and
operating profit percent are all easily calculated and manipulated using
different scenarios, with these simple online tools.
Number-crunching for your home of small business can be intimidating
at times. But, it’s not worth stressing
over it. Get online and play with any of
the helpful online calculators and give yourself some peace of mind.
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