Financial Planning Handy References for Personal Finance Geeks Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Mint.com Published Sep 6, 2011 4 min read Advertising Disclosure The views expressed on this blog are those of the bloggers, and not necessarily those of Intuit. Third-party blogger may have received compensation for their time and services. Click here to read full disclosure on third-party bloggers. This blog does not provide legal, financial, accounting or tax advice. The content on this blog is "as is" and carries no warranties. Intuit does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog. After 20 days, comments are closed on posts. Intuit may, but has no obligation to, monitor comments. Comments that include profanity or abusive language will not be posted. Click here to read full Terms of Service. In my job, I wrestle with a lot of numbers. Sure, personal finance is ultimately about what you can do with your money, about your goals and hopes and dreams. But from day to day, it’s all about dollars—where to put them and how to get more of them. To deal with the nuts-and-bolts side of money, I turn to a few tools again and again. You’ve already heard of my favorite; it’s a four-letter word starting with M. Here’s what I use when Mint can’t answer my question. Be forewarned that this is geekery of the highest order. But if you’re involved in managing your money, I suspect one or more of these tools will make your life easier. 1. CFFP Annual Limits (free) Quick: what’s the income limit for a married-filing-jointly contribution to a Roth IRA? What’s the top of the 28 percent tax bracket? How about the Social Security full retirement age for someone born in 1958? The Annual Limits sheet is put out annually by the College for Financial Planning. It’s a two-page PDF that answers about a million different questions about minimums and maximums, Medicare and Social Security, taxes and credits, and is totally free. Speaking of credit: certified financial planner Dave O’Brien told me about this one. Thanks, Dave. 2. Dinkytown.net calculators (free) Say you’re buying a car and the dealer offers you a choice: get a low interest rate on the car loan, or a higher interest rate with a cash-back rebate. Which is the better deal? The Auto Rebate vs. Low Interest Financing calculator at Dinkytown.net can answer the question. Their other 350 calculators can answer your other questions about mortgages, loans, investing, retirement, and insurance. Yes, they really have over 350 calculators, and they’re all free. One drawback to Dinkytown: because the calculators are written in Java, they don’t work on most smartphones. 3. Morningstar.com and ETFreplay.com (free) A friend recommends a mutual fund. Keeping in mind the boilerplate warning about not predicting future results, you want to see its past performance. So you punch the ticker into Google Finance or Yahoo Finance and get a nice chart. Unfortunately, it’s a price chart. It only shows you changes in the capital value of the fund; it doesn’t include reinvestment of interest or dividends. Since most people do reinvest dividends—especially in retirement accounts—this makes for a pretty picture that doesn’t tell you much. (Kind of like the US Weekly of investing.) Instead, head over to Morningstar.com (for mutual funds) or ETFreplay.com (for ETFs). Here you can see the total return of the fund, including reinvested dividends. The difference can be huge, especially for bond funds and dividend stock funds. 4. Economy app ($2 to $5) Available for iPhone, iPad, and Windows, Economy lets you stay on top of economic indicators. We’re talking unemployment, GDP, inflation, and so on, the stuff that makes for gloomy headlines. Even if you don’t use these indicators to drive your investment decisions (I don’t), it’s a handy reference for anyone who wants to stay informed. You can create custom graphs of your favorite indicators and even shade the graphs to indicate different presidential administrations. You’ll be able to say, “I knew that guy was bad for the economy,” with even more self-assurance than usual. 5. Soulver ($4 to $25) Financial planners use two hardcore number-crunching tools above all others. One is Microsoft Excel, the ubiquitous spreadsheet application. The other is the HP 12C calculator, a handheld financial calculator that requires extensive training. I have both of the power tools, but I do over 90 percent of my calculating using an app called Soulver. Available for the Mac, iPhone, and iPad, Soulver is a hybrid between a simple desktop calculator and a spreadsheet. When I start up Excel, it feels like I’m about to take on a major project. Soulver is quick and dirty and much more powerful than it looks. Most calculators assume that once you’ve finished inputting an equation, you’re done with it. It’s easy to calculate compound interest with a regular calculator, but try going back and changing the interest rate without reentering the whole problem. With Soulver, you can always go back and edit anything, and you can plug the result of one expression into the next and have it update dynamically. Basically, Soulver is like the Google of calculators. Before Google, it was a pain to look up simple facts, so we usually didn’t bother. Now the answer is two seconds away. Soulver does the same thing for math problems: why speculate about the answer when you can calculate it in a few seconds and it’s even kind of fun? Matthew Amster-Burton is a personal finance columnist at Mint.com. Find him on Twitter @Mint_Mamster. Previous Post How to Navigate the Three Credit Score System Next Post Save $1K By Labor Day: Success Stories! Written by Mint.com More from Mint.com Browse Related Articles Mint App News Intuit Credit Karma welcomes all Minters! Retirement 101 5 Things the SECURE 2.0 Act changes about retirement Home Buying 101 What Are Homeowners Association (HOA) Fees and What Do … Financial Planning What Are Tax Deductions and Credits? 20 Ways To Save on… Financial Planning What Is Income Tax and How Is It Calculated? Investing 101 The 15 Best Investments for 2023 Investing 101 How To Buy Stocks: A Beginner’s Guide Investing 101 What Is Real Estate Wholesaling? Life What Is A Brushing Scam? Financial Planning WTFinance: Annuities vs Life Insurance