Financial Tip Friday -The Financial Calculator Hack

Using the Financial Calculator hack helps one visually see and understand the ebbs and flow in your accounts on Financial Tip Friday.

Financial Tip Friday is brought to you in partnership with the 1st National Bank of Dennison. 

In high school, the school supply list had students needing a graphing or scientific calculator for success.  In the adult world, there is a need for more than just passing algebra or calculus.  There are different financial calculators beneficial in helping decide how to save and spend money.  There are specific calculators for auto, credit, insurance, loans, mortgage, retirement, and taxes that are free and accessible online making this a life hack needed for busy Moms and Dads.

First National Bank of Dennison offers free use of financial calculators with no math experience needed on their website:

Pros to using Financial Calculators

• You don’t have to be good at math- just read and answer the questions
• Super user-friendly
• Short explanation of what type of calculator is being used
• Includes instant visual charts
• Provides definitions of banking terminology along with helpful pictures
• Simple drop-down, slide or boxes to input numbers
• Assists future planning
• Graphed report summaries can be printed and posted to follow
• It is on a secured website
  

  ---

Financial Calculators Available:

Auto

• Auto Rebate vs. Low-Interest Financing

  ---

Credit Card & Debt

• Managing Debt

• Student Loan Consolidation & Payoff

• Personal Debt Consolidation

• Credit Card Payoff

  ---

Insurance

• HSA Goals

• HSA Contributions

• HSA Savings

• HSA vs. Traditional Health Plan

• Life Insurance

• Disability Insurance

  ---

Loans

• Loan & Credit Line Tax Savings

• Amortizing Loan

• Loan & Credit Line Payment

• Loan Comparison

• Line of Credit Payoff

• Alternative Payment Frequencies

• Enhanced Loan Options

• Debt Consolidation

• Home Equity Line of Credit

• Existing Loan Analysis

  ---

Mortgage

• Bi-Weekly Payment

• Mortgage Loan

• Mortgage Tax

• Adjustable-Rate Mortgage

• Mortgage APR

• Reverse Mortgage

• Mortgage Payoff

• Mortgage Points

• Mortgage Qualifier

• Mortgage Refinance

• Rent vs. Buy

• Refinance Savings

• Mortgage Comparison

  ---

Personal Finance

• Credit Assessment

• Net Worth

• Checkbook

• Home Budget

  ---

Retirement

• Roth IRA

• Roth Conversion

• 401k Savings

• Traditional IRA

• Social Security

• Retirement Plan

  ---

Savings

• Compound Interest

• College Savings

• Certificate of Deposit

• CD Ladder

• Spend Less

• Accumulate Savings

• Save a Million

• Savings Goals

• Emergency Savings

• Lunch Savings

• Savings, Taxes, & Inflation

  ---

Taxes

• • 1040 Tax

  • Marginal Tax Rate

  • 1040EZ Tax

    ---

Reply below if you find using this financial calculator 
life hack has been helpful.

---

Mrs. TAZ

Reporting