How many times have you asked yourself "where does our money go?" The first step is to categorize your spending into each particular category. If you have got multiple monthly bills under a category, you can use the worksheets linked to the right of the input field to enter each separately. Once you see where you are spending your money, it becomes easier to look at reducing spending in particular categories.
The future value of your savings plan is dependent on the starting balance, additional monthly savings and the rate of return you receive on those savings. For the most accurate valuation, you will have to separate taxable accounts such as savings and CDs from your tax-deferred accounts such as 401(k)s and college 529 plans.
Whether you are trying to save for big screen television, a new car or for a down payment on a new home, time, money and rate of return will all be determinant factors of when you will meet your savings goal.
Learn more about the significance of capital ratio, which is calculated by dividing a bank’s current assets by its current liabilities.
Safeguard your money and your peace of mind. Learn about proactive steps you can take to fight fraud, scams and identity theft.