Monday, November 28, 2005

Cheapskate Monthly

If you are looking for an online calculator to use with your class, you may not need to look further than the Cheapskate Monthly. It is a web site with online calculators for dozens of uses! There are calculators to enhance loads of math and science lessons. It is enough to make a lab teacher jump with joy! Ok, it is also a terrific site for teachers, parents and everyone else too.

"It was developed for the purpose of helping fellow cheapskates in their financial number-crunching. No longer is it necessary to take all the time and trouble to learn all of the complex formulas necessary for successful financial management. From now on, all you have to do is to visit this ever-growing list of calculators, plug in the numbers as instructed, and let the calculators perform all of the complex calculations for you."

Appliance Operating Cost Calculator: This JavaScript calculator will help you to estimate the cost of operating ... Read full description

Average Interest Rate Calculator: This calculator will help you compute the average combined interest rate ... Read full description

Bi-Weekly Payment Calculator: This calculator will show you how much you will save if you make 1/2 of your loan ... Read full description

Budget Percentage Calculator: This calculator will compute your recommended budget amounts for an income ... Read full description

Car Cost Comparison Calculator: When buying a car most people fail to consider ALL of the expenses that will be ... Read full description

Cash Flow Calculator: Since cash inflows and outflows vary in amounts and intervals, it can be ... Read full description

Children's Math Tutor: Since addition, subtraction, multiplication and division are skills children need to know in order to become successful money managers, this interactive tool was created to give CM children an interesting way to hone those all-important math skills. If you have children and any of them haven't yet memorized the math factors for their age group, simply make using this tool part of their required daily homework.

College Funding Calculator: This calculator, based on The College Board's Annual Survey of Colleges for the 2000-2001 school year, will help you to determine how much money you need to invest on a monthly basis now, in order to be able to pay for your child's college education by the time he or she is ready to start college. The calculator allows you to choose between In-State and Out-of-State, between Resident and Commuter and between Public or Private -- and adjusts the estimated costs according to those selections. Plus, the calculator even adjusts the future cost of attending college based on your own estimated rate of inflation.

Credit Card Comparison Calculator: This calculator will help you to compare the long-term costs of credit cards that have varying interest rates, annual fees, introductory rates and compounding intervals.

Credit Card Early-Payment Savings Calculator: Since most credit card companies compute interest charges based on your average daily balance, making your payment early in the billing cycle will not only reduce the chances of getting hit with late charges, but it will also save you money. This calculator will help you to determine the interest savings that will occur if you make your monthly credit card payment earlier in the billing cycle rather than at the end. Savings will be computed for both your next payment, and for all remaining payments (assumes a fixed monthly payment amount).

Debt Consolidation Calculator: When the typical debt-consolidation company advertises that they can "save you money," what they are most often referring to is simply a reduction in your total monthly debt payments -- not a savings in the cost of paying off your debt (interest charges). Sure, by consolidating your payments into a single loan, you might be paying one monthly payment that is smaller than the sum of your current monthly payments, but if they stretch your loan out for a longer period of time you could actually end up paying more interest by consolidating. This calculator will help you to determine whether or not consolidating will actually reduce the cost of retiring your debts.

Debt Investment Calculator: Before you go throwing darts on Wall Street, check to make sure you can't earn a higher rate of return simply by investing in your own debt! For example, if you have a credit card balance that's costing you 19% per year, and you increase your payment, you will get a guaranteed 19% return on your investment. What's more, your earnings will be tax-free! So use this JavaScript Calculator to see how much you could be earning if you increased your payment on any one of your debts.

Expense Percentage Calculator: This tool will help you to determine what percentage of your income you are currently spending on each of your various expense categories (food, clothing, etc.).

Gas Budget Calculator: This calculator will help you to estimate your annual gasoline cost given the type of car you drive, the number of miles you drive per year, and the price you are paying for a gallon of gasoline.

Gas Station Savings Calculator: This calculator will help you to determine whether or not driving the extra miles to a cheaper gas station will actually save you money.

Generic Savings Calculator: This calculator will show you how much you'll save over the course of your lifetime when permanently switching from any given high priced buying habit (name brand) to its functional, less expensive equivalent (generic). Plus, it will also show you how much interest you could earn if you were to invest all or part of those savings as you realized them. As you're about to see, "a penny saved" can REALLY ADD UP!

Irregular Payment Calculator: This calculator will convert your non-monthly payments into their monthly equivalents, and then provide you will a total. This total will represent how much you will need to set aside each month (into your Freedom Account) in order to make your non-monthly payments as they come due. A great budgeting tool!

Lifetime Earnings Calculator: The purpose of this calculator is to make you aware of just how much money you (and your spouse/mate, if applicable) will have the opportunity to manage between now and when you retire. And the point this calculator will attempt to make, is that if it turns out you end up broke at retirement age, it won't be because you didn't make enough money, it will because you did not successfully manage the abundance of income (potential wealth) you managed to create.

Loan Balance Calculator: This calculator will help you to determine the current balance of a loan when payments that have been made have been different from those stipulated in the original loan terms. This may be especially helpful if you have sold something on Contract for Deed, but the borrower has not made the regular payments as stipulated by the loan agreement.

Loan Calculator w/Amortization Schedule: This calculator will compute a loan's monthly payment amount based on the principal amount borrowed, the length of the loan and the annual interest rate. Then, once you have computed the monthly payment you can also create and print out the loan's amortization schedule.

Loan Comparison Calculator: This calculator will not only compute the payment amount and interest charges on any given loan, but it will also allow you to see what effect changing any of the four variables has on the cost of the loan.

Long-distance Cost Calculator: This calculator will not only assist you in calculating the average cost per minute of one or any number of calls, but it will also keep track of the cost of your long distance phone call (including state and federal taxes) based on either the calculated average cost per minute or on the actual cost per minute -- if you happen to know it.

Meat Cost Per Serving Calculator: Price-per-pound can be misleading because all cuts of meat will not yield the same number of servings per pound. This calculator, based on the information provided by the University of Nebraska-Lincoln Cooperative Extension (Buying Meat by the Serving), will help you to calculate and compare the cost per serving of up to five different cuts of various types of meat (110 selections overall). You can also use this calculator to determine how many pounds of a selected meat to buy based on the number of servings you need.

Minimum Payment Credit Card Interest Calculator: This calculator will show you how much credit-card interest you'll pay if you continually make only the minimum monthly payment on your credit card.

Missing Loan-Term Calculator: If you know any 3 of a loan's 4 terms (principal, interest rate, payments remaining, and payment amount), this calculator will help you to find the missing term. For example, if you know the interest rate, the payments remaining, and the payment amount, this calculator will compute the current payoff amount of the loan.

Monthly Deposit Savings Calculator: This calculator will show you how much a periodic, interest earning investment will grow to, based on the entered interest rate and length of time.

Monthly Deposit Time Calculator: This calculator will compute how long it will take you to reach your desired savings goal, based on three factors: the amount you currently have set aside, the amount you can add to your savings each month and the annual interest rate you expect to earn.

Mortgage Payoff Goal Calculator: This calculator will show you the additional monthly payment you will need to make on your current mortgage in order to pay if off within a specified number of years. It will also show you how much interest you will save if you make the calculated additional payment each month, from now until your mortgage is paid off. Special thanks to online subscriber Lyle Crafton for presenting the idea for this calculator.

Mortgage Qualification Calculator: This calculator was designed to allow you to see what size mortgage you can afford based on comparing your present financial condition to mortgage lending-industry standards.

Mortgage Refinancing Calculator: This calculator will help you to decide whether or not you should refinance your current mortgage at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the closing costs.

Net Worth Calculator: This calculator was designed to help you to take a "snap-shot" of your current financial condition Whereas an income and expense statement shows you your financial picture for a given period of time (month, year, etc.), this Net Worth Calculator will show you your financial picture at a single point in time (a specific date). That way, if you compute your Net Worth now, and then again 3 months from now, you will then be able to tell whether your financial picture is improving or getting worse.

Payment Breakdown Calculator: This calculator will help you to determine the principal and interest breakdown on a loan's given payment number. Simply enter the loan's original terms (principal, interest rate, number of payments, and monthly payment amount) and the payment you want broken down.

Portfolio Mix Calculator: This calculator is based on Author Austin Pryor's "Just-the-Basics" investment strategy. Upon selecting your life-phase and investing temperament, this calculator will not only tell you the exact portfolio mix you should strive for, but it will even calculate the specific dollar amounts based on the amount of money you have available for investing.

Present Value of a Single Amount Calculator: Use this calculator to compute how much you would need to invest now in order to have your investment grow to a specific amount within a specified time-frame.

Rapid Debt-Repayment Calculator: In a single click this calculator will: calculate the number of payments remaining and interest charges for each debt with a separate chart for "Falling," "Fixed," and "RDRP" payments, sort the debts by order of payoff, create your Rapid Debt Repayment Plan, summarize all three payment plans, and finally will create a "Schedule of Payments" chart that you can use to mark off each payment as you make them. The RDRP result page will also tell you how much interest you will save as a result of following through on your plan. Plus, on the bottom of the RDRP Plan you will also have the option to see how your freed up debt payments will grow if you start investing them once you become debt free.

Real Hourly Wage Calculator: So your boss told you that you were getting paid $10 an hour? Don't believe it! This calculator will show you how much you're REALLY profiting (after-tax, after work-related-expense takehome) from each hour you devote to working--both paid and unpaid.

Rent Vs Buy Calculator: This calculator will help you to compare the costs of renting to the costs of buying a home. Since there are all kinds of forces at work behind the scenes (interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc.), comparing the cost of renting to the cost of buying is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment. This calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision.

Retirement Savings Calculator: Use this calculator to compute how much you would need to have invested in order to withdraw a specified amount each year over the course of a specified period of time.

Savings Goal Calculator: This calculator to will help you to figure how much your current savings will grow and how much more you'll need to save each month in order to achieve a given savings goal within a given number of years.

Single Debt-Payment Investment Calculator: This calculator will compute how much interest you will save by adding an additional principal payment to the next regularly scheduled payment on any given debt. For example, if you find yourself with an extra $20 this month, this calculator will tell you how much interest you will save (guaranteed, tax-free return on your investment) if you add that $20 to the next payment of one of your debts (preferably the one with the highest interest rate).

Single Deposit Savings Calculator: This calculator will show you how much a single, interest earning investment will grow to, based on the entered interest rate and length of time.

Spending Cost Calculator: When you spend money on non-essential, non-investment type products or services, you simultaneously give up the right to earn interest on the money you spent ... for the rest of your life. The total of the money you spend unnecessarily, plus the forgone interest earnings, represents the real cost of spending (usually an amount much higher than is actually printed on the price-tag). Therefore, in order to make wise purchase decisions (expenditures that return a benefit of equal or greater value than their real cost), you must be aware of -- and give full consideration to -- the real cost of each purchase. This calculator will help you to do just that.

Transportation Savings Calculator: This calculator will help you to determine any savings that might occur if you were to choose a transportation alternative (walking, biking, bus ride, etc.) to driving your car. You can either compute your savings for a one-time trip or for multiple reoccurring trips over any number of years. Plus, you can choose whether to compute the savings using the Gasoline Method (cost of gasoline only) or using the Mileage Method (average cost per mile to own, operate, maintain and insure your car).

Variable Compounding & Deposit Savings Calculator: This calculator not only allows you to compute and compare the forcasted interest earnings on various investment scenarios, but it also allows you to choose the deposit and compounding intervals. No longer will you need to wonder if an investment offering a 6% return, compounded daily is better than an investment offering a 7% return, compounded annually.

Wage Conversion Calculator: This calculator will help you to quickly convert a wage stated in one periodic term (hourly, weekly, etc.) into its equivalent stated in all other common periodic terms. This can be helpful when comparing your present wage to a wage being offered by a prospective employer where each wage is stated in a different periodic term (e.g., one is listed as an hourly amount and the other is listed as an annual amount).

New Calculators Are Added Often!

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posted by An Educational Voyage @ 11/28/2005 04:03:00 PM  
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