Personal Finance Calculators for
Family Money Management and
Basic Financial Planning

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Welcome to the Personal Finance Calculators section at free-online-calculator-use.com.

The personal finance calculators and tools in this section are dedicated to helping you with basic financial planning and family money management -- for the purpose of helping you to maximize your financial happiness.

The ultimate goal of this online calculator section is to introduce you to the critical personal finance concepts that our K-12 educational system has left you to discover almost completely on your own.

Unfortunately, since there are few profits to be made from helping the average person to understand how to maximize their happiness profits, and since the last thing the corporate world wants is for you to become financially savvy, very few trustworthy resources exist that are geared to helping the average family to increase their financial well-being.

I hope you will find the personal finance calculators in this section to be one of the few trustworthy resources for helping you to plan and manage your finances for the greatest financial and emotional returns.

Only Two Ways to Achieve Wealth

While there are a million ways to make money, there are only two basic ways to achieve wealth.

  1. Be born into a wealthy family (pure luck of the draw).
  2. Spend less than you earn and invest the difference (requires uncommon sense, self-education and self-discipline).

Seems simple enough, right? If you're not born into wealth, then all you need to do is to spend less than you earn and invest the difference? So why isn't everyone wealthy or on their way to becoming wealthy? Two primary reasons.

First, most of us were never taught the all-important financial and economic concepts of the time value of money, the opportunity costs of actions and inactions, and the law of diminishing returns.

Second, having not been armed with these all-important concepts, we become easy prey for the marketing geniuses employed by the corporate world.

As a result, most of us have allowed ourselves to be brainwashed into believing that we can be happier by not having any money at all (spending everything we earn). Or worse, spending more than we earn (buying on credit). In other words, we've all been given a desirable destination (financial happiness) but given a map that leads us in the opposite direction (financial unhappiness).

Of course, this has worked out quite well for those who were born into wealth. So are they responsible for keeping personal financial training out of our k-12 education? Probably not. But there has to be some deviate force at work when we are taught to bake cupcakes in "Home Ec" (Economics), but taught nothing about how to manage our personal finances for the greatest emotional returns.

Time to Get Mad

One of the keys to reigning in my own spending was to get mad at myself for allowing the corporate world to dupe me into believing that money could buy happiness. For it was that belief that eventually found me trapped by debt in a work that was demoralizing and unfulfilling.

If you are carrying around the belief that money can buy happiness, there's a good chance you are taking jobs based on what they pay instead of how well they are suited to your talents, abilities, genuine interests, values and personality traits. There's also a good chance you're not earning "enough" to make you "happy," which in turn will cause you to borrow from your future happiness (create debt) to subsidize your current unsatisfactory level of happiness (the definition of happiness taught to you by the corporate world). This is how the average person becomes trapped in a job(s) they dread going to.

If that's what's happened (or is happening) to you, then it's time to get mad enough at yourself to do something about it. And the first step in stopping to act in the best interests of corporate world, and start acting in the best interests of you and your family, is to educate yourself in the science of personal finance. That's why several of the personal finance calculators in this section will include an introduction to an all-important financial concept that is almost completely foreign to the average person.

Below are the current basic financial planning calculators and money management tools contained in the personal finance calculators section, all of which are dedicated to helping to remove the blinders that the corporate world has placed upon you -- at the expense of the genuine happiness you could otherwise be experiencing.

Current Personal Finance Calculators

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Checking Account Reconciliation Calculator
This free online personal finance calculator will help you to reconcile a bank statement with your checkbook. Includes an option to print out a blank, free bank reconciliation form. Also includes answers to "Define Reconciliation", "Why is Checkbook Reconciliation Necessary", and "Why Reconcile Bank Account?", plus provides step-by-step instructions for "How to Balance Check Book".

CPI Calculator to Calculate Future or Historical Inflation
This personal finance calculator will calculate the effects of inflation or deflation on a past, present, or future dollar amount. For past calculations, the calculator uses the actual US Consumer Price Index, while future calculations are based on your own expected inflation rate. Includes a printer friendly year-by-year report feature for all calculated results, plus brief answers to the questions, "What is CPI?", "Why is the Inflation Rate Important?", and "What Causes the CPI to Rise or Fall?".

Future Value Annuity Calculator to Calculate Future Value of Equal Amounts
This free online personal finance calculator will calculate the future value of a series of equal cash flows for either an annuity due or for an ordinary annuity, for a specified period of time, and at a specified annual interest rate. Includes a year-to-year growth chart, an example of opportunity cost calculation, an explanation of "Annuity Due Vs. Ordinary Annuity", and brief answers to "What is Annuity?" and "Why is Future Value of An Annuity Important for You to Understand?".

Future Value Annuity Payment Calculator to Calculate Annuity Payments Needed to Achieve a Future Value
This free online personal finance calculator will calculate the future value of a lump sum and then uses the appropriate future value of an annuity factor to calculate the periodic annuity payment needed to bridge the gap between the future value of your present savings and your future savings goal. Also known as a "Savings Goal Calculator," this calculator includes an explanation of how two different future value calculations are needed to calculate annuity payments, and includes a year-to-year future value table so you can see how your present savings, when combined with your annuity payments, will grow achieve your savings goal.

Future Value of Money Calculator to Calculate Future Value of Lump Sum
This free online personal finance calculator will calculate the future value of a lump sum given the compounding interest rate, the compound interval, and the number of months or years. Includes a year-to-year growth chart, an example of opportunity cost calculation, and brief answers to "What is Future Value?" and "What are Future Value Calculations Useful For?".

Household Net Worth Calculator for Creating a Personal Balance Sheet
This free online personal finance calculator will help you to create a statement of net worth, which is one of two essential personal finance statements for measuring your financial progress. Includes an optional column for entering data from a past net worth statement for comparison purposes, as well as a method for saving your data to your own computer so you can import the data back into the calculator each time you return to re-calculate net worth. Also includes brief answers to "What is Net Worth?", "Why is Calculating Net Worth Important?", and "How Often Should You Calculate Net Worth?".

Purchase Receipts Calculator for Easy Personal Expense Tracking
This free online personal finance calculator will tabulate and categorize your spending from your purchase receipts, plus the printer friendly spending report lists the time and financial opportunity costs for each spending category and sub-category. Includes an introduction and instructions for the easy receipt system I use for keeping track of and controlling my spending. Also includes "The Importance of Keeping Track of Expenses", and "Keeping Track of Expenses the Hard Way".

Percent Off Calculator to Calculate Discount Sales Price
This free online discount calculator will calculate the sales price given the original selling price and the percentage markdown. Plus, unlike other discount calculators, this calculator includes an option for including sales tax in the calculations. Also includes the answer to "How 20% Off Can Cost You 100%".

Present Value Calculator to Calculate Present Value of Lump Sum
This free online personal finance calculator will calculate the present value of a future lump sum given the present value discount rate, the discounting interval, and the number of months or years. Includes a year-to-year chart showing how the calculated present value will grow to the future value, an example of how present value is used in personal financial planning, and a brief answer to "What is Present Value?".

Present Value Annuity Calculator to Calculate Present Value of Future Series of Equal Cash Flows
This free online personal finance calculator will calculate the present value of an annuity starting either with a future lump sum (loan) or with a future payment amount (retirement annuity), and for either an ordinary annuity or for an annuity due. Includes a year-to-year chart showing how the future sum will decline to zero, an example of the importance of "Being On the Right Side of Compounding Interest Equation", and a brief answer to "What is Present Value of An Annuity?".

Sale Tax Calculator for Calculating Sales Taxes on Purchases
This free online personal finance calculator will calculate the sales tax amount on a pretax price, or calculate the sales tax portion of a tax-included price. The introduction includes "How Much Sales Tax Are You Paying On Your Wages?", "How To Reduce Your Work Hours", and "How to Calculate Sales Tax".

Tip Calculator to Calculate Gratuity and Split the Check Fairly
This gratuity calculator will not only calculate the tip and split the total among the parties paying separately, but it also includes an interactive feature for splitting the check and tip based on the relative size of each party. You can also round the check, tip, or total up or down as you see fit.

Time Value Calculator to Calculate Present and Future Value of Your Time
This free online personal finance calculator will calculate how much a block of your present time could be worth in the future, as well as how much discretionary time that future value represents. Includes revealing explanations as to why "Money DOES NOT Equal Profit" and "YOU, Not Your Employer, Determines How Much You Earn," plus lists the 4 basis steps to transitioning from a work you hate to a work that fulfills your need for creative self-expression.

Time Value of Money Calculator to Calculate Opportunity Costs of Consumables
This free online personal finance calculator will calculate the opportunity costs of regularly spending an amount of money on a consumable product or service (perishable, expendable, etc.). Plus, this calculator will also calculate the reduction in opportunity costs that will occur if you switch from a higher priced consumable (name brand) to a lower priced substitute (generic or store brand). Includes an eye-opening introduction to "The Money Value of Your Time," as well as brief answers to "What is Time Value of Money?" and "Why is the Time Value of Money Concept Important?".

Time Value Money Calculator to Calculate Opportunity Costs of Depreciables
This free online personal finance calculator will calculate the time and financial opportunity costs of buying and owning goods that lose their value with time and use (depreciating assets), and that may come with one or many ongoing ownership costs. Includes an eye-opening explanation as to why "The Price Tag on a Depreciable Asset is Like a Tsunami in the Middle of the Ocean," as well as brief answers to "What Are Depreciable Assets?" and "How to Earn Hundreds of Dollars Per Hour."

Future Personal Finance Calculators

The following is a list of personal finance calculators that I plan to add to this section as I have time. I'm basically adding basic financial planning calculators and money management tools to free-online-calculator-use.com in the order from highest demand to lowest demand, so if you see any calculator in the following list you want me to put on the high priority list, please let me know. Or, if you desire a personal finance calculator that is not on the list of planned personal finance calculators, please let me know so I can add it to my list.

  • Insurance Need Calculator
  • Personal Cash Flow Statement Calculator

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