Just like our health, our finances needs a regular checkup. If you’re harbouring diseases like uncontrolled debt or facing new challenges like purchasing a new house, these tools can help give you a clearer prognosis and management plan.
Are you on track or in need of some serious financial therapy?
This post may contain affiliate links. Please read my disclaimer for more info.
Budget Calculators
Smart Asset’s Budget Calculator– if you live in the US then this also gives you your local benchmark
Money Smart’s Budget Calculator– dig deep into your spending and identify where your money is going.
Tax Calculators
Retirement Calculators
Nerd Wallet’s Retirement Calculator– Just enter your age, income and savings to see if you’re on track to reach your retirement needs.
Money Smart’s Retirement Calculator (Australia)- calculate your superannuation growth and retirement income. Doesn’t allow you to add non-super investments
Mercer’s Retirement Calculator (Australia)- Handy graphs and allow you to add non-super assets
Dave Ramsey’s Investment Calculator
Smart Asset’s Retirement Calculator– for US citizens and takes into account your state taxes
Mortgage Calculators
Money Smart’s Mortgage Calculator – adjust the variables to see how you can shorten your repayment time and reduce your the pain of paying interest. No advertisers trying to sign you up.
Asset Class Comparison Tool
Vanguard Australia– see how local and international shares and other investment classes have fared over time.
If you have some other useful tools to share, post them in the comments below.
