Now more than ever a pro-active approach to managing our financial well being is needed. Managing debt and outflow is key, the bank and credit card companies' money is worth 5% - 12% interest, your savings is only worth .25%...
The only way to survive this is to use your credit wisely and have some numbers in mind as you build your retirement nest egg.
MoneyMax is the premier tool for budget planing and large investment decisions such as a savings rate, or a mortgage with early payoff, or calculating how long your retirement account will last. You will sleep better knowing the numbers!
If you are thinking about a small business MoneyMax can calculate the breakeven point on a product launch and do supply and demand pricing analysis.
- Savings Rate (401k growth)
- Mortgage loan with early payoff
- Account draw down (retirement)
- Product launch break even analysis
- Sales demand projections
The MoneyMax app uses the same calculus equations that are used throughout business to assure smart choices are being made.
MoneyMax is a great app for all ages, it will show you the HUGE benefit of starting a retirement account early and letting compound interest do the work, or paying a little extra on your mortgage to pay it off early. Imagine working 10 years with no mortgage... that money goes toward a stress free early retirement... :o)
Corrected the Icon and added the escrow payment to the mortgage equations to give the user a more complete estimate of the total monthly mortgage payment.
With Family Sharing set up, up to six family members can use this app.