We all have financial goals. But reaching for these milestones without a concrete plan and some solid support can lead to financial disaster. Here are some user-friendly tools to keep you on track, no matter what your financial goals look like.
Pay yourself first with savings.
Whether it’s for an emergency fund, college or a future vacation, having cash on hand means more security. But saving that cash requires time, effort and discipline. Try these online calculators to stay focused and motivated:
- Compound Savings Calculator
- Savings Calculator: Estimate the future value of your savings account
- “How long until I reach my savings goal?” Calculator
- “How much should I save for college?” Calculator
Ready to eliminate some debt?
If you’re facing multiple debts with no final payment in sight, it’s time to take a step back and re-evaluate. The first thing you need to do is get a clear picture of your situation by filling out an “owning up to your debt” worksheet. Next, calculate how long it will take to pay off your debt. Here are two good tools:
It’s also wise to calculate the extra cost of not making your payments on time.
Plan ahead before driving off the lot.
Whether new or used, buying a car is a big decision. Use these calculators to plan your next purchase.
- The “how much car can I afford?” calculator
- Car loan repayment calculator
- The “Should I take a rebate or low-cost financing?” calculator
Prep online for your mortgage.
The home buying process can be long, but you can speed it up if you first estimate some important numbers.
- Find out how much home you can afford
- Determine how much your mortgage payments will be
- Compare different types of mortgages
- If you have a home and dream of being mortgage-free, use an amortization schedule to monitor your progress and calculate how extra payments can get you there faster
Don’t put off retirement.
Many people are now retiring with debt or working longer before qualifying for a pension. With careful planning, you can protect your savings and enjoy a full retirement.
- How much will you need to retire?
- See how fast your savings will grow.
- How much can you save with your 401k?
Keep track of it all.
Whether you’re trying to manage debt or are saving for retirement, the SAC Money Manager tool lets you securely combine your accounts into one convenient place, where you can keep an eye on spending habits, budgets and other important financial information as you pursue your goals.
Managing your finances doesn’t have to be overwhelming. Use these tools to keep a clear picture at every stage. You can save time, avoid costly mistakes and be closer to crossing the finish line. Do you have a favorite online financial tool? Share your tips in the comments.
For more information on SAC Federal Credit Union’s tools and resources, please contact Member Services at firstname.lastname@example.org or 402-292-8000.
More useful online financial tools:
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