What-if Scenario Generator

Description

Economic instability is commonplace for humans. Even with a basic level of financial literacy, you don’t know what to expect from tomorrow. When planning your finances, the thought often comes up: What if? What if I lose my job tomorrow? What if I invest in the project right now? What if you save more than a percentage of your salary every month? Our online what-if scenario generator will help you find answers to any of these financial questions. Let's say you're sitting at home and thinking about what decision would be best: take out a new car on credit or wait another year and save up? In fact, at this point everything is simple, it’s enough to modulate each of these situations and find out what will be beneficial in the end. You set the initial parameters, and the system will eventually show you what the consequences of this decision will be. And if you need to choose one thing, then you simply compare the outcomes with each other. It's like a time machine for your money. It allows you to look into the future and roughly plan the most profitable option. This is very important before important life steps, and all changes in life bring financial changes, both positive and negative. You can quit your job and calculate how long you will have enough money, or vice versa, you got a job and want to plan an expensive purchase until a certain time. All this can be done with us; financial forecasts using our online generator are not based on guessing on coffee grounds. Inflation, tax changes, currency fluctuations, even the possibility of disability - all this you can include in future calculations.

When working with our generator, it is important to clearly understand your current financial position: you may not even suspect that, for example, you are spending several hundred more per month. Then the calculator will make an error in simulating your basic financial model. And if you plan, for example, to save money to buy a car, it will turn out that by the specified time you will not have collected the specified amount. Or, for example, you did not indicate tenths of the interest rate on a new loan, and then it turns out that you need to pay more than the generator showed. And in these situations, no one is to blame: it is important to take into account the smallest details when planning this.

Let's discuss cost scenarios using small examples of how our online generator works. Many people live from paycheck to paycheck not because they earn little, but because they don’t know how to spend it correctly. Absolutely any of us will want to take more tasty products from the supermarket, but if we do this while allocating the budget. Today, for example, you won’t buy a few more cakes, but put this money aside for some kind of investment. With this approach, in just a few months you will allow yourself to buy these cakes, and this money will additionally work for you. Such visualization often has a sobering effect and motivates you to reconsider your habits. If you don’t grab coffee on the way to work, then by next year you can save up for the down payment on your mortgage. On the other hand, the tool helps to find a balance between reasonable savings and quality of life. Sometimes it is better to spend money now on education or health in order to earn more later. With financial modeling, you can calculate such options by comparing short-term costs with long-term investments.

The topic of loans, where would we be without it? On the one hand, this can turn what you want into reality here and now. On the other hand, it can become a burden for life. The result of our calculations may be unexpected. You may live in a country that does not have the best position in the world economy. And because of this, with high inflation, a loan can be even more profitable than savings, because money depreciates faster than you pay interest to the bank. Conversely, he may consider that it is better to save money and indicate how much in order to save up for an apartment in five years. It is correct to answer such questions with mathematical precision, and not with heart and soul.

Investments and capital growth are always about risk. And many people think that if you invest in sustainable funds, your funds will look like this: you invested 100 thousand, in a year you received 110, in two - 121, and so on. In reality it is always more difficult. Markets are cyclical, returns can fluctuate widely from year to year and need to be calculated rather than worked with period averages.

One of the most valuable skills of our financial calculator and very unpleasant for us is to find money where it seems there is none. Budget analysis should be used on an ongoing basis: has something happened in your life? This will definitely change your financial position. He will definitely indicate to you that in order to get a puppy you need to give up some benefits, or, for example, he will indicate that you are not using the best mobile operator for the price. For such little things, you can go to this page and use the generator at any time of the day or night.