Mint Money Knowledge Center: What is a finance calculator?

A finance calculator takes the guesswork out of calculating basic financial matters pertaining to investing, retirement, personal finance, and more. These calculators ask you basic personal questions about your money and then determine the information that you've asked for using pre-loaded financial formulas.

For instance, an interest calculator might ask you for the initial loan amount, interest rate, and payback period before showing you how much interest you will pay over the course of your loan repayment. This information gives you a clearer picture of how money works and where your money is being spent.

What is a finance calculator

Finance calculators are not just for those in the finance industry. These calculators make personal money management and planning for the future much easier by allowing you to better understand your overall financial situation. There are finance calculators that give you a clearer picture of your stock, bond, and annuity investments, as well as your current retirement planning. These calculations help you better visualize and make important decisions about your personal finance and investing goals.

Finance calculators are a great way to get on track with your finance goals. But how do you determine where money can be saved to better meet these goals? This is where personal budgeting comes in. It's important to not only have a budget in place, but to track your spending to make better decisions about your money. Mint helps you do just that by conveniently collecting all of your financial information in one place. Signing up for Mint is free and easy. In just minutes, you'll be closer to reaching your finance goals.

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