Calculators Whether you are thinking about buying a home, going back to school, or buying a boat it is important to understand what is within your means. At The State Bank we want to help you in planning, estimating and exploring your financial options, which is why we have gathered these financial calculators.
Budgeting doesn’t have to be scary or overwhelming. This simple tool can help you quickly and easily plan your monthly expenses and get a better sense of where your money is going.
Do you have enough in savings in case you lose your job or have a minor emergency? Explore how much is recommended you maintain in an emergency fund in order to cover 3, 6, or 12 months of unemployment or a minor emergency.
Explore your monthly fixed and flexible expenses and identify areas for additional saving.
Get a sense of how refinancing your mortgage may help reduce your monthly payments.
How much will you need to cover your expenses in retirement? Use this budget planner to get a sense of the funds you’ll need at different points throughout your retirement.
Two common methods of paying off debts are the avalanche method, where debts with the highest interest rates are paid off first, and the snowball method, where the smallest debts are paid off first. Find out how much interest you may save by using one method over the other.
See how far your college savings may go and estimate the amount of additional money you may need to save to pay for college.