Free Financial Calculators - Debt, Loans & Budget Management
Debt Payoff Calculator - Calculate How to Pay Off Debt Faster
Get Out of Debt Faster
Payoff Results
Standard Plan
Accelerated Plan
Your Savings
Debt Payoff Visualization
How to read this chart: Watch your debt disappear over time! The yellow line shows your standard payment plan, while the green line shows how extra payments help you become debt-free faster. The steeper the line, the quicker you're eliminating debt!
Loan Payment Calculator
Loan Results
Mortgage Calculator
Mortgage Results
Monthly Budget Calculator
How This Calculator Works
Track all income and expenses to see if you're living within your means and get personalized recommendations.
Steps: 1) Enter income → 2) Add essentials → 3) List discretionary → 4) Include savings → 5) Review results
Monthly Income
🏠 Essential Expenses
Discretionary Spending
💎 Savings & Investments
Budget Summary
Budget Breakdown
Budget Health Check
50/30/20 Budget Rule Calculator
The 50/30/20 rule is a simple budgeting method: spend 50% on needs, 30% on wants, and save 20% of your after-tax income.
Your 50/30/20 Budget Plan
Needs (Essential Expenses)
Rent, groceries, utilities, transportation, insurance, minimum debt payments
Wants (Discretionary Spending)
Entertainment, dining out, hobbies, shopping, subscriptions
Savings & Debt Payoff
Emergency fund, retirement, extra debt payments, investments
Tips for Success
- Track your spending to see if you're following the rule
- If needs exceed 50%, look for ways to reduce essential expenses
- Use the 20% savings to pay off high-interest debt first
- Adjust percentages based on your personal situation
Emergency Fund Calculator
What is an Emergency Fund?
An emergency fund is a separate savings account dedicated to unexpected expenses like job loss, medical bills, car repairs, or home maintenance. It acts as a financial safety net, preventing you from going into debt when life throws curveballs.
Why You Need One:
- Avoid Debt: Cover unexpected costs without using credit cards
- Peace of Mind: Sleep better knowing you're prepared for emergencies
- Job Security: Have time to find the right job if you're unemployed
- Lower Stress: Reduce financial anxiety during tough times
- Protect Goals: Keep your other savings and investments intact
How Much Should You Save?
📝 Field Explanations
Understanding each field helps you build an accurate emergency fund plan:
What to exclude: Dining out, entertainment, shopping, subscriptions, luxury items
- 3 months: Stable employment, dual income household, low debt
- 6 months: Most people - good balance of security and achievability
- 9-12 months: Self-employed, commission-based, or unstable industry
Emergency Fund Plan
Savings Timeline
Savings Milestones
Step 2: Choose the Right Account
- High-yield savings: Earn 4-5% APY while keeping money accessible
- Separate account: Keep emergency funds away from everyday spending
- FDIC insured: Protect your money with government insurance
- Easy access: Avoid accounts with withdrawal penalties
Step 3: Automate Success
- Direct deposit: Route a portion of paycheck directly to emergency fund
- Round-up apps: Save spare change automatically
- Treat it like a bill: Pay your emergency fund first
Step 4: What Counts as an Emergency?
True Emergencies:
- Job loss or significant income reduction
- Unexpected medical expenses
- Major car repairs needed for work
- Emergency home repairs (roof leak, broken furnace)
- Emergency pet medical care
Not Emergencies:
- Vacations or travel
- Holiday gifts
- New electronics or gadgets
- Home improvements or renovations
- Investment opportunities
Step 5: Maintain and Grow
- Replenish immediately: After using your fund, rebuild it right away
- Adjust for life changes: Increase target when expenses grow
- Annual review: Make sure your fund still matches your needs
- Celebrate milestones: Acknowledge your progress along the way