Useful Online Tools You Can Use To Make Your Financial Life Easier

by Shiv Kukreja on June 3, 2018

in Personal Finance

Many a times you need assistance while handling your finances, but you have nowhere to look for. Instead what you end up doing is either approach others for help or buy some software to solve your problems. But, why be dependent on anyone or spend money when the internet is full of helpful websites.

The internet hosts numerous websites with valuable tools that are completely free to use and can be of great help with money management. So, without further ado, let’s read ahead and check what these online tools are and how you can use them.

Financial Calculators

What is it that you are planning to do? Are you looking forward to taking a home loan or a personal loan, or are you interested in filing your income tax return (ITR)? Well, if your answer is yes, then the internet has a host of calculators available that can help you calculate your loan repayment amount or your tax returns.

Financial calculators give you a clear picture of what your expenses are going to be. To use these financial calculators, you only require a working internet connection and knowledge of good finance websites that offer such calculators. Once you access these calculators, you are required to put in the details as asked and keep proceeding as per instructions until you reach the result.

Insurance Calculators

Buying insurance is gradually shifting online. Online purchase of various plans, including pure term plans, is already drawing the attention of insurers. That is simply because of the online calculators, and very few add-on features of term insurance plans. However, insurance calculators are not just limited to term insurance plans. You can compare the quotes for ULIPs and Pension Plans as well.

Insurance calculators are specially designed to help you calculate the required monthly/annual premium if you are thinking of purchasing insurance plans. These calculators allow you to adjust the sum that you want your family to receive in your absence.

You can select various features and compare the premium for adding covers to your base plan. For example, term insurance of Rs. 1 crore may only cost about Rs. 11,000 or so for a 30-year-old non-smoker person. But, adding a Rs. 25 lakh critical illness cover may increase the premium by Rs. 2,000 or more.

Another example could be the term insurance calculator determining your monthly, half-yearly, or annual premium payments and helping you select the most affordable option. Annual premiums usually enjoy a discount over monthly premiums.

E-Insurance Account

You can now adopt e-insurance accounts to maintain your insurance policies in electronic form. Such electronic insurance account gives you access to your life insurance portfolio in a few clicks. This eliminates the need for physical policy documents. By submitting all the required KYC documents, you can open this account (opening the same is free). This brings benefits like:

* You can revise your insurance policies with accuracy and speed

* It increases transparency

Budget Planners

It can be a difficult thing to handle money and organize your expenses every month. Well, that can be controlled by budget planning tools available on the internet. These tools allow you to link your credit cards, debit cards, savings accounts, investments and loans all in one place. They also categorize and update every transaction that you make, thus helping you to understand where your money is being spent. This, in turn, helps you discover new ways and opportunities to save your money. Budget planners help you differentiate between the expenses that are a must, as compared to the expenses that are not entirely required.

You may be struggling with handling your finances. But, with these tools, you can lead a financially relieved life. These tools can assist you in planning out your financial goals and even predict whether such goals are achievable. The internet is home to numerous opportunities and the same can be said for financial management as well. So, try these online tools today and watch your lives turn around for the best.

{ 4 comments… read them below or add one }

Ajay June 13, 2018 at 6:33 PM

Hello Sir
Recently, I read your content about ‘Fanancial Calculator’ and its awesome .Its very easy to understand, how we expense on our loan payment. Only we need inernet to open its link.Once we access these calculators, we were required to put in the details as asked and keep proceeding as per instructions until you reach the result.
Kindly adjust my website link in site.

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kempamma June 25, 2018 at 2:46 PM

Let me explain the basic principle how most Forex systems work. They are tuned up to work in a specific market condition. They often make money in a trending market, but loose money in a choppy market. It is not a problem as long as the market is trending and the system is making more money than it loses. Such a system can be profitable for several months and you would be happy with it. BUT…

PREPARE FOR THE WORST…

Market change over time. A well designed system starts with trend analysis to stay away from potentially losing trades. There are two problems of how a Forex system recognizes the trend.

PROBLEM: FALSE “STRONG TREND” INDICATION.

The system responds only to immediate price action. An explosive price movement that is usually the result of news release is tempting people to jump in and make a profit. It looks like a “strong trend”, but what usually happens next is a hard fall.

To avoid falling into this trap, check for the SOLUTION to find a REAL trend:

SECOND PROBLEM: TREND RELIABILITY

Most systems use various indicators to determine the trend. Actually, there is nothing bad about using indicators. One Simply Moving Average can do the job. The problem comes with the question: “Is the market trending NOW?” Whether the market is trending or not trending is not like black and white. The correct question is: “How well the market is trending?”

And here we have something called TREND RELIABILITY.

Trends exist and they can be traded up and down for a profit. You have to focus only on the most reliable market trends. “Forex Trendy” is a software solution to find the BEST trending currency pairs, time frames and compute the trend reliability for each Forex chart:

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anamikapower July 18, 2018 at 12:52 PM

Hi, you really share a great piece of information. Your other posts are also amazing and you really write useful and great content. Keep up the nice work!

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Shiv Pillai August 6, 2018 at 4:28 PM

Budget Plus is also a great tool for personal finance. It is easy to use and you can download transaction without entering details of account number and passwords

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