Toss anyone without sound business or finance knowledge out in the financial world, and see them struggle to keep their chin above the water. Next, it is to be lost in a world of legalese and jargon. How does one get out of this haze and still manage to make sense of all the financial impacts of such decisions on his life? This is where a finance calculator comes into play.

A finance calculator is usually an online tool which allows anyone to calculate the figures that a financial plan or scheme entail. Most calculators can be customized to a specific need or purse, yet the broad range of calculators available implies that everyone can find something.

A finance calculator mostly pertains to mortgages, due to its strong impact on any budget. Calculators for mortgages comprise of mortgage loan payment calculator, which allows calculating the monthly repayment and the impact of any prepayments. The Required Income calculator allows one to know if he can afford a mortgage.

Other calculators pertain to more practical considerations, like whether a fifteen or thirty year plan is better, or if refinancing is a better option. An APR finance calculator helps to determine the total cost of the mortgage per year. Other mortgage calculators pertain to whether a fixed or flexible interest rate is better, or whether allowing for adjustments will be risky or sound.

All other finance calculator out there covers a very wide range of situations.

Retirement savings and planning calculators offer calculators for retirement planner, social security, Roth IRA calculator, and Regular IRA calculator among others.

Business calculators cover topics like sales volume breakeven analysis, cash flow calculator, inventory analysis, working capital needs, and financial ratios.

Loan calculators cover topics like amortizing loan calculator, debt consolidator, loan and credit line payments and loan comparison calculator. A specialized facet of loan calculators deals with car loans and car buying strategies.

Credit cards and debt calculators offer items for determining the debt amount, accelerated debt payoff, and credit card payoff.

Savings calculators cover all aspects of savings, from the short term saving goal to the long-term funding of a college fund. Tools for calculating taxes and inflation impacts are also available.