Entries Tagged 'calculators' ↓

A new online financial management application aims to help people who’d like to track their expenses easily - Expensr.

You can fill in your every penny you spend and what have you spent it on to come up with a pie chart that will help you in analyzing (Category Analysis) where your money goes. You can even import bank data to your Expensr account to easily record bank transactions.

Signing up for an Expensr account was a breeze. If you’d like to learn more about it, here is a demo of this financial management tool.

Tags: Expensr, track expenses

Your credit score indicates the status of your finances and will play a major part when you decide to take out a loan someday. When you get your credit report, you can also ask for your credit score. But to get it, you’ll need to pay about $7 to $15. These days, there are certain resources that can give you your credit score at no cost. Here’s how to get your credit score for free:

Free online resources
There are websites that offer to give you your credit score for free. Sites such as CreditReport.com and FreeCreditReport.com offer this service at no charge.

CreditReport.com, for example, allows you a free copy of your credit score and your credit report for 30 days. You simply have to sign up for their credit monitoring service online. Within this period, you’ll get updates of certain changes in your credit. When the period is over, you will be automatically billed $9.95 a month.

FreeCreditReport.com also offers free access to your credit score, but you’ll have to sign up for their Triple AdvantageSM Credit Monitoring service. You don’t have to pay for it initially, because the service is free for 30 days. You’ll receive your credit score courtesy of Experian.

However, your credit score is liquid. It’s bound to change, depending on the activities of your finances. The credit score you got last month may not be the same figure today. If you need your latest credit score figure, you might not be able to get it for free the next time. Online companies who offer to help you obtain your credit score for free will later charge you for the transaction. If you don’t want to pay, simply cancel before the trial period for their service ends. Otherwise, expect to spend for your credit score.

Tags: free credit score, check credit score

What’s the worth of net worth? When I was younger, I was wondering why so many people, (actually I’ve just heard much of these from my Basic Accounting instructors) make fuss about it. When discussion classes have started about what net worth is about, it was defined as the total value of whatever you own, also known as assets minus what you owe, aka liabilities. From that meaning of net worth I still didn’t care much about it simply because I don’t experience its implications or so I thought. UNTIL…

I entered adulthood and my colleagues, friends, and family start influencing to assess my net worth. I wish I’ve learned about the value of net worth monitoring a lot earlier. I could have tried to be more financially responsible. Why? Seeing figures go up and down excites me. I could have made use that excitement to motivate me, right? Ok, enough of excuse. But it’s better to be late than never right? Anyways, here’s more about net worth.Â

Why calculate your net worth? It will provide a snapshot of your financial stability. How rich are you? How extravagant have you become? What assets do you value? How financially ready are you? Your net worth

How do you calculate your net worth? As from its meaning, you can calculate net worth using this formula:

Assets - Liabilities = Net Worth

Next is what should you put under assets and what should be under liabilities.

Couch potatoes, hear ye!

On Monday, TV Turnoff Week will start. It will run from April 23 to 29, 2007.

Its goal is…

Empowering people to take control of technology and not letting technology take control of them so they can live healthier lives.

To support this movement, you can either join and be a network organizer or give.

Like Sharon Sarmiento, from whom I got this announcement, I’m not a fan of TV myself. Except for Watching Grey’s Anatomy and Discovery Channel I consider many of the shows inconducive to a healthy and productive life. So participating with TV Turnoff Week or even TV Turnoff Month, if there’s one. :-D  

Although it might not save you a large amount of money since you can only save $5 to $15 (according to the General Electric Energy Cost Calculator) yearly depending on the size of your TV if you do TV Turnoff Week at least once a month, it will lead you into getting more worthwhile things done for your yourself, family or friends.

You’re too young and you think you don’t have to read about anything regarding retirement just yet? You have to think twice! One can never be too young to be planning for his or her retirement.

So, how do you make financial planning for your retirement a lot less stressing? Why not start with the assessment of your present financial situation?

One way to check on your current financial standing is through taking note of your payslip figures, assets, and other financial documents.

Next, start crunching those numbers with the help of a wide array of calculators that will show you whether how much it will take for you to get a brighter retirement future. Many retirement calculators, which can be found online work on the figures hundreds of times to show different assumptions on inflation, returns and other aspects of finances that can affect retirement planning. Here is a list of those odds-calculating retirement calculators, which are also known as Monte Carlo simulations:

- T. Rowe Price’s free Retirement Income Calculator at http://www3.troweprice.com/ric/RIC/.

- Advanced FIRECalc at http://firecalc.com/index.php

- a paid retirement calculator is offered by Financial Engines at https://www.financialengines.com ($150 to $300 a year), which might be offered for free through the mutual fund company that provides your 401(k) or similar plan

Which is your favorite retirement planning calculator?

via Philadelphia Inquirer

[image from Direct Properties]