Personal Finance Calculators from Partners Bank
Whether you're reconciling your checking account or taking stock of your overall financial picture, these tools give you a starting point.
PERSONAL FINANCE
Personal Finance Calculators
| Calculator | What it does | Notes | URL |
|---|---|---|---|
| Balance Your Checkbook | Keeping your checkbook balanced helps you catch errors, avoid overdrafts, and stay on top of your spending. Use this tool to reconcile your records with your bank statement. | Enter your balance on statement, total debits outstanding (checks and debit transactions that haven't cleared yet), and total deposits outstanding (deposits you've made that haven't posted yet). | /personal-finance-calculators/balance-your-checkbook/ |
| Calculate Your Net Worth | Your net worth is the difference between what you own and what you owe. Enter your assets and liabilities below to get a clear snapshot of where you stand financially. | Under Your Assets, enter your real estate value, personal property, investments, and cash. Under Your Liabilities, enter your mortgage balance, other loan balances, and credit card debt. | /personal-finance-calculators/calculate-your-net-worth/ |
| Balance Your Checkbook | Start with the balance from your last checking account statement, subtract any checks or debits that haven't cleared yet, then add back any deposits you've made that haven't posted. The result is your current checkbook balance. | Enter your balance on statement, total debits outstanding (checks and debit transactions not yet cleared), and total deposits outstanding (deposits not yet posted) to see your current account balance. | /personal-finance-calculators/balance-your-checkbook/ |
SAVINGS
Savings Calculators
| Calculator | What it does | Notes | URL |
|---|---|---|---|
| The Benefits of Compounding | Compounding means earning interest on your interest and over time, it can add up significantly. Enter your savings amount, rate, and timeline below to see the difference. | /savings-calculators/the-benefits-of-compounding/ | |
| Calculate Yield at Maturity | Wondering what your CD will be worth at the end of its term? Enter your deposit amount, interest rate, and term below to see your projected balance at maturity. | /savings-calculators/calculate-yield-at-maturity/ | |
| Compare Two CDs | Not sure which CD term or rate works better for your goals? Enter the details for two CDs below and compare them across total interest earned and value at maturity. | For each CD, enter a deposit amount, CD term in months, and interest rate. The calculator will show you the interest earned and deposit amount for each side by side. | /savings-calculators/compare-two-cds/ |
| Save for a Rainy Day | Building a rainy day fund means having enough set aside to cover emergencies without derailing your regular budget. Enter your emergency spending need, monthly expenses, and savings details below to see how your plan stacks up against your goal. | Under Rainy Day Goal, enter your emergency spending need, essential monthly spending, and the number of months of spending you want to cover. Under Rainy Day Plan, enter your current savings, monthly savings amount, months you plan to save, expected rate of return, and marginal tax rate. | /savings-calculators/save-for-a-rainy-day/ |
| Save for College | College costs add up quickly. Enter your child's age, expected enrollment year, and savings details below to see how much you'll need and whether you're on track. | Under Student Information, enter the child's current age, expected age at college start, years of college, annual college cost, and an estimated college cost inflation rate. Under College Savings, enter current savings, monthly savings amount, and expected rate of return. | /savings-calculators/save-for-college/ |
RETIREMENT
Retirement Calculators
| Calculator | What it does | Notes | URL |
|---|---|---|---|
| Save for Retirement | Planning for retirement is one of the most important financial decisions you'll make. Enter your current savings, expected contributions, and timeline below to see where you're headed. | Under Retirement Plans, enter your current age, target retirement age, annual household income, and what percentage of that income you'll need in retirement. Under Retirement Assets, enter current retirement savings, monthly savings amount, monthly pension (if any), and expected monthly Social Security. Under Assumptions, enter life expectancy, annual salary increase, inflation rate, and expected rate of return. | /retirement-calculators/save-for-retirement/ |
| Traditional 401k vs. Roth 401k | The difference between a traditional and Roth 401k comes down to when you pay taxes. Enter your income, contribution, and tax details below to see which option could leave you with more at retirement. | Under Your Information, enter your current age, retirement age, and annual contribution amount. Under Other Factors, enter your expected rate of return, current tax rate, and expected retirement tax rate. | /retirement-calculators/traditional-401k-vs-roth-401k/ |