Monday, June 30, 2014

How A 'Calculator' Can Help You Better Manage Your Finance?


I found a wonderful website where I can use the calculator to calculate the value of my future savings. Well, for example, if currently you have 100K in your EPF @ KWSP savings, are you curious to know the amount during your retirement in 20 years? Or, you can compare the return of investment from fixed deposit placement versus unit trust investment. Of course, it will be hard to know the exact figure but the calculator will roughly provide a figure for our reference. Because the return of investment in unit trust does not promise a fixed percentage.

One thing which I realized is that the time frame really play a super important role in our investment planning. The longer the time frame, the better the performance of our savings. The compounded interest bring charm to the investment plan. There is a huge difference of the same initial amount invested over 10 years and 20 years.

If time frame is a limitation, then we have to play around with the interest rate or return of investment. Instead of putting our money to a slow growth investment, why not learn to take some risk and place our money in an investment with better return?

With the technology today, I know there are also many other websites with financial calculator and there many available apps too. Let's learn something from this smart calculator :)

Note: Feel free to click here for the website. This website not only offer for financial calculator but also other calculators including unit conversion and health calculator.

Image courtesy of adamr / FreeDigitalPhotos.net

1 comment:

  1. Nice information in the blog. It is important to have expert to handle the finance of the an organization. There are different evaluation involved and it should be done correctly.

    Regard

    ReplyDelete