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Video: Online Financial Calculators

MIke Wendland looks at financial calculator websites (Added: October 03, 2008)

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There are some online calculators that will help you cut through the financial fog.

By NBC News Channel
Published: October 03, 2008

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The crazy financial roller coaster of the past week has had us all gasping for breath and wondering just how secure our assets are in these tumultuous times.

There are some online calculators that will help you cut through the financial fog.

When it comes to personal finance, you can never know too much.

So start with this list of financial tools from Yahoo.

From analyzing your spending to paying off your credit cards, you'll find dozens of calculators that will answer most any question.

Quicken loans has a calculator that will help you estimate your home value.

It uses data from the U.S. Census bureau and real estate records in your area to calculate an estimated home value.

And they claim it’s generally accurate to within 10 percent.

How about your car? How much is it worth?

Check the Kelly Blue book site.

Enter in your zip code, make, and model and the details and it will give you retail, trade in, or private sale value estimates, based on the extras and the condition of your vehicle.

Looking to the future?

Here's a calculator from the Bloomberg folks geared toward your 401k.

Type in your annual salary, current age, how much you'll save, and the age you want to retire, and the estimated return you expect and it instantly tells you how much you'll accumulate when you quit work.

All these online tools are totally free.

Websites:

Yahoo Finance Tools http://finance.yahoo.com/calculator/index

Home Value calculator https://www.quickenloans.com/mortgage-calculator/home-value

Kelly Blue Book http://www.kbb.com
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Bloomberg 401K calculator http://www.bloomberg.com/invest/calculators/401k.html