Summer is here and there are lots of reasons to make plans for this year. Being prepared for any circumstance - whether positive or negative – is an important advantage. Let’s just say you have the opportunity for a spontaneous trip somewhere to recharge your batteries. Wouldn’t it be nice to have your finances sorted?
Numbrs helps you with that in more than one way . On top of bundling all your finances, which makes personal finance management much more convenient, Numbrs has five calculators that provide insight into what the future might have in stock for you. Let’s check them out and learn how you can calculate in a big way.
Savings are more important than ever. Circumstances can change quickly. The savings calculator of the Numbrs Smart Wallet lets you monitor your savings during a defined period.
Set your actual account balance, the amount you would like to put aside each month, the annual interest rate, and calculate your savings, including compound interest.
The savings calculator is great for peace of mind but also allows you to plan ahead for that possible trip in the near future. Especially if you use it with a personal budget you set in Numbrs Smart Wallet.
If the immediate future looks a bit murky and you consider taking out a loan, consult the loan calculator first. It allows you to set the amount, the term, and the annual interest rate.
You receive an overview of your monthly payment, as well as your total cost over the whole term – divided into principal and interest. You immediately know the financial responsibilities which puts you in the best situation to make the best decision possible.
The loan calculator is also a quick and easy way to compare different loan offerings. Try it out.
Cost of owning a home versus renting
How will the real estate market develop? Do I want to live in a city or outside? Shall it be a house with a garden or an apartment downtown? Questions that become more pressing as society slowly recuperates from the pandemic.
If you ponder both options, use our calculator to have clarity. And not just in theory. You have seen a listing that sparks your interest? Then use the actual numbers and compare renting versus owning. Including unavoidable costs like down payments, mortgage, and term.
You might be surprised how much you save – or spend more – over the course of 20 years.
Becoming a millionaire
Did you ever wonder how far you are away from becoming a millionaire? Numbrs has the answer for you. Set your current savings, your monthly contribution, an expected rate of return, and be surprised how many years it will take you.
Sometimes it is good to see the hard, cold facts. Usage advised with a twinkle in the eye.
Cost of smoking
The summer is here and you decided to quit smoking? The smoking calculator might be the right motivation. See how much you spend on cigarettes by setting the daily amount, the price of a pack, and the number of cigarettes in a pack. But be prepared – the result might shock you.
You don’t smoke but you want a loved one to finally quit? Then use this neat calculator and show them how much they spend. If health is not a reason to stop, maybe money is.
If you want to learn more about the many features of Numbrs Smart Wallet, head to www.numbrs.com. If you have any further questions or comments, you can always contact our friendly support team. You can reach us via chat in the app or via email at email@example.com.