PiggyBank Overview

§ PiggyBank is a set of 38 easy to use financial calculators. PiggyBank makes financial planning fun and easy.

§ Help enabled for each calculator.

§ You can save the details of a calculator. This prevents retyping.

§ The calculators are divided into 6 categories
Education Planning; Interest Rates; Mortgages; Personal Finance; Retirement and Savings

§ Projects the school / college fees.

§ Calculate the periodic saving required to meet your kids' school and college expenses.

§ Calculate the nominal and effective interest rates.

§ Can calculate what your maximum payment for a loan will be if the interest rates are fluctuating.

§ Calculate the price of the home you can afford to buy.

§ Calculate the real interest rate of loan. The real interest rate includes all the fees and the borrowing costs of the loan.

§ Calculate the basic repayment of your loan, how long it will take to repay your loan or the principal you can borrow.

§ Compare two mortgages.

§ Calculate the amount you will save if you pay an additional amount on your mortgage. This way you can also payoff your mortgage much sooner.

§ Find out if it's beneficial to refinance your loan or should you stay in the same loan.

§ Calculate what the total payments will be for a mortgage with two different rates. The first rate applies for the first few years and the second rate applies thereafter.

§ Find out what the balance on your loan is at the end of a certain period.

§ Should you rent or buy your own place. Use this calculator to help you decide.

§ Balance your cheque book with the cheque book balancer.

§ Want to consolidate all your debts into one loan? Use the 'debt consolidation' calculator to help you decide if it makes financial sense to do so.

§ Calculate the total amount you owe on all your loans and find out how long it will take to repay them all.

§ Calculate how much life insurance you need.

§ Calculate your networth.

§ Find out if with the extra money you have, should you pay off your debt or invest. Use the calculator 'should I pay off debt or invest?' to help you decide.

§ Find out if given an option should you opt for receiving cash as a lump sum or should you go for yearly payments option.

§ Compare two different annuities and decide if it makes financial sense to switch annuities.

§ Calculate how much you can withdraw from your lump sum in retirement.

§ Find out how many years into retirement will your lump sum last.

§ Calculate the lump sum you need at the start of your retirement based on your retirement lifestyle needs.

§ Based on your regular contributions calculate how much you will have at the onset of your retirement.

§ Calculate how contributions can affect your retirement lump sum.

§ Calculate how much you can save if you cut down on a few expenses.

§ Find out how inflation and taxes affects your investment.

§ Find out the future value of a regular investment.

§ Calculate how much you can save if you take your own lunch.

§ Calculate how much you can save if you quit smoking.

§ Find out how long it takes or the interest rate required to multiply your money.

§ Find out the periodic savings required to reach your financial goal.

§ Calculate the present value or the future value of your investment.

§ Compare a taxable or a tax deferred investment.

§ Find out how an interest rate can affect your investment.

§ Calculate how long it will take for you to reach your million dollar investment goal.