Financial Calculators

“We have been counseled again and again concerning self-reliance, concerning debt, concerning thrift. So many of our people are heavily in debt for things that are not entirely necessary. . . . I urge you as members of this Church to get free of debt where possible and to have a little laid aside against a rainy day” (Gordon B. Hinckley, “The Times in Which We Live,” Ensign, Nov. 2001, 73).

A couple sitting at the kitchen table with a laptop and papers, going over finances.

With careful planning and the guidance of the Spirit, you and your family will be able to enjoy a more secure financial future.

A number of calculators are available to help you make wise financial decisions. Consider the questions below and use the calculators provided to help you in your financial planning:

How soon could I pay off all my debts?

How much should I save for emergencies?

Where is my money going?

Would spending a little less and saving a little more make a difference?

How long will it take to pay off my credit card?

When will my loan be paid off?

What if I pay a little extra each month on my loan?

What would my payment be if I borrowed?

Should I refinance my home mortgage?

What would be my monthly payment on a new home?

How much should I save for retirement?

Are my current retirement savings adequate?

How much retirement income will I have if I save regularly?

How much should I save to reach my goal?

How much could I have if I saved regularly?

These financial calculators can help you make wise financial decisions if you use them appropriately. You may also want to consider meeting with a trusted individual or professional advisor.