For most people planning finances seem like a daunting task. A number of factors need to be kept in mind and too many variables to adjust for. However, not getting your finances sorted can leave you unprepared to meet major milestones in life like children’s higher education, marriage, buying that dream house etc. Proper financial planning helps us to save for the future while meeting present-day goals. If the prospect of financial planning has you in knots, worry not for the internet is here. With tools like an mutual fund investment app and a goal planning calculator, you can do all the planning within minutes. Here is a list of the best.
Future Goal Value Calculator
This may be any goal such as a world tour or children’s higher education. You need to save for these, keeping in mind the rate of inflation. Without proper financial planning, meeting such goals can be extremely difficult. Therefore, you need to start saving early with a clear idea of your existing and future finances. The best future goal calculators available are-
Child Education Expense Calculator- Ensure your child’s bright future with a clear idea of how much you need to save every month.
Marriage Expense Calculator- That dream wedding can come as a financial shock if you have not planned for it ahead of time.
Future Value Calculator- You may be saving for a big trip or any other goal that requires saving ahead of time. It is best to find how much your money will be worth some years down the line to avoid any unpleasant surprises.
Retirement Planning Calculator
With this goal planning calculator find out the amount you need to save to accomplish your retirement goals. It requires data like the number of years left until retirement, your current expenses, life expectancy, inflation, etc. This calculator simplifies a lengthy but essential calculation and saves you time besides giving you a realistic peek into the future.
Investment Value Calculator
Find out how much your investment will be worth on maturity with this calculator. Depending on the type of investments you have, there are different calculators.
Mutual Fund Calculator/ SIP Value Calculator- It helps you to strategically plan your mutual fund investments to meet your financial goal.
EPF Calculator-Get a clear idea of how much your Employee’s Provident Fund would yield on retirement.
Fixed Deposit Corpus-Calculate the money you will receive on maturity of your fixed deposit. You can also find out how much you need to invest to get the desired value on maturity.
NPS Calculator- Find out what you can expect to save for your retirement under the National Pension Scheme.
Life Insurance Cover Calculator
Deciding on an appropriate coverage for life insurance that covers you now and provides protection for the future is essential. You certainly do not want to be under covered during health emergencies. However, getting more coverage than you need makes you pay a large sum on premiums. To determine the appropriate coverage you must consider factors such as your age, assets, income, obligations, and dependants. With the Human Life Value Calculator, get an accurate idea in a matter of minutes.
Tax Calculator
If you need a financial calculator that aids you with your taxes, you can find it online free. Get an accurate estimation of taxes you need to pay by providing the necessary details of your finances.
Loan EMI Calculator
Without a clear knowledge of the Equated Monthly Interest you have to pay, you are vulnerable to defaults and financial strains. Before taking a loan, it is always wise to determine the tenure over which you will be able to pay your EMIs without straining your budget. With a few basic facts about your loan, let this EMI calculator decide the EMI tenure that best suits your finances.
With adequate and timely planning, you can make sure to live all your dreams without having to worry about money. These financial planning tools save you from financial traps and help you organises your finances to save for the future. The best part is they are accurate, quick and free!
mutual fund investment app 