Free Financial Compass

Yes, absolutely. All our financial calculators and tools are completely free to use. There are no subscriptions, premium versions, or hidden fees. The website is supported by non-intrusive advertising, which allows us to keep all resources available at no cost to you.

Your privacy is our top priority. We have designed our website to be "privacy-first." We do not have a database and we do not collect, store, or see any of the financial data you enter. All calculations are performed directly in your browser on your own device. Any data you save using the "Save" feature is stored in your browser's local storage, meaning it never leaves your computer.

No. You can use all our tools anonymously without creating an account or logging in. We believe in providing direct and easy access to financial resources without requiring you to share personal information like your email address.

The "Save" and "Load" functionality uses your web browser's built-in localStorage. When you click "Save," the data from the form is stored in a small file on your own computer, managed by your browser. When you return to the page and click "Load," the tool retrieves that data from your local storage. This allows for convenience without compromising your privacy.

Yes. Each calculator includes "Export PDF" and "Export XLSX" buttons. This allows you to save a professionally formatted report or a spreadsheet of your calculations for your own records, for printing, or for sharing with a financial advisor.

Both are popular debt-repayment strategies. The difference is the order in which you pay off debts:

• The Debt Snowball method focuses on motivation. You pay off debts from the smallest balance to the largest.
• The Debt Avalanche method is mathematically optimal. You pay off debts from the highest interest rate (APR) to the lowest, saving you the most money.

Your net worth (Assets minus Liabilities) is the single best snapshot of your overall financial health. While income shows earning power, net worth shows your progress in building wealth over time. Tracking it every 6-12 months is a great way to see if your financial decisions are moving you in the right direction.

The 50/30/20 rule is a simple budgeting guideline suggesting you allocate your after-tax income as follows:

• 50% on Needs: Essentials like housing, utilities, and groceries.
• 30% on Wants: Non-essentials like dining out, hobbies, and entertainment.
• 20% on Savings & Debt Repayment: Contributions to retirement, an emergency fund, and paying off debt.

The best way to handle expenses that don't occur every month is to average them out. Estimate the total annual cost for things like car maintenance, gifts, or yearly subscriptions, then divide that total by 12. Add this average amount as a monthly expense in your budget. This turns unpredictable costs into a predictable monthly savings goal.

Compounding frequency is how often the interest earned is calculated and added to your principal balance. Once added, that interest starts earning its own interest. More frequent compounding (e.g., monthly vs. annually) results in slightly higher returns over time because your money starts working for you sooner.

Amortization is the process of paying off a loan with fixed, regular payments over a set period. With each payment, a portion goes to pay the interest accrued for that month, and the remaining portion goes toward reducing the principal loan balance. At the beginning of a loan, a larger part of your payment covers interest. As the balance decreases, more of each payment goes toward the principal.