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Use Online Calculators to Manage Money More Smartly


Even the most fiscally prudent of us could use a hand in managing our money in this economy. In homes where every dollar is accounted for, it’s easy to think you’re doing everything you can to save and live cost-effectively. While anyone who considers themselves financially responsible is sure to be taking many smart steps when it comes to actually living such a life, there may be ways for you to manage your money better that you weren’t aware of. For circumstances such as these, online calculators come in especially handy. They quickly compute the data of your life and the options available to you in order to provide an instant assessment of the long term outcomes.

If you’re doubtful of their power to assist you in your personal finances, just give the following six a shot:

Calculate the Annual Cost-of-Smoking

If you or a loved one smokes cigarettes, plug in the number of daily pack purchases and the price-per-pack in order to see how much money is spent every year on this unhealthy habit. The University of Maryland has a widely-used calculator for figuring this sort of thing out.

Figure Out Fuel Economy

Don’t buy another automobile without first checking it’s estimated fuel economy. The Department of Energy is no doubt the most trustworthy authority on the subject, and their website provides the public with a free fuel economy finder for you to run your options through.

Payoff Credit Card Debt Responsibly

Unless you’ve been smart and stuck only to Mastercard prepaid debit cards, you’ve probably amassed a reasonable amount of credit card debt. Use the Federal Reserve’s credit card repayment calculator to see how much interest you’ll be paying at the rate you’re going, as well as how much you’ll have to pay monthly in order to see your debt disappear as soon as possible.

Plan for Retirement Responsibly

Simply throwing money into an IRA and hoping for the best is certainly not enough if you realistically expect to be saving for an enjoyable retirement. Instead of potentially wasting your money by paying into an unideal retirement plan, browse your options by using a retirement calculator.

Put the Right Amount Aside for Uncle Sam

While nobody wants to be surprised with a fat bill from the IRS due to a failure to withhold what was needed, as little a number of folks want to be putting more money aside for the Man every month than they have to. A refund is always nice, but if you’re looking to keep that money and spend it now, use the IRS withholding estimator to better calculate what should be saved for taxes.

Home Energy Saver

As shocking as it may seem, Americans waste more than half the energy we consume due to inefficiencies. Reduce the waste that occurs in your home as well as increase the level of sustainability by using the Home Energy Saver developed for the Department of Energy. User Nick Wilder claims “It is one government service that makes paying taxes worthwhile.”

Are you doing everything to save as much as possible as well as plan as best as possible for your financial future? You won’t know for sure until you do the math. Or you can let online calculators do it for you.



My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.

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