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Thinking of taking a car loan? Hold it right there! Did you know that the value of a brand new car depreciates by 20% when you drive out of the showroom! Add to this a 15% depreciation in value each year (assuming normal wear and tear) the govt recommends!

This implies in the first few years and certainly before you pay out the loan the value of the car will be lower than the balance in your car loan!

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Use this calculator to simulate sensex returns from 1980 onwards. This gives you an idea of how the stock market works. If you average sensex returns over a 15-year or 20-year period you will get somewhere like 10%-15% so staying in equities for a long time is crucial. Howeverwhen you start investing can  affect your corpus. You can get a feel for that with this calculator.

Don't get worried about the wild swings in the corpus. With a well balanced porfolio all financial goals can be met provided the adequate amount is invested.

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You can use this calculator to determine the compounded annualized growth rate on your investments like endowment policies, ULIPS, Chit funds or any investments where you have made some payments and received some money either periodically or as a lump sum at the end.

You will be surprised how easy it is to calculate this using Excel. This is done using a function called XIRR (internal rate of return for irregular payments).

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Say you have investment period of 15 years and you want to invest:

i)  Rs. 1000 for 3 years @ 10% interest each year

ii)  Rs. 5000 for next 5 years @ 8% interest each year

iii) Rs. 9000 for next 7 years @ 7% interest each year

how much will you accumulate?
Find out with this flexible compound interest calculator. In the above example I have split the investment period into 3 The calculator allows you to make 10 such splits!

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A monthly budget is more than how much is spent on groceries and petrol. Sure, you need to keep track of your total expenses. You also need to keep track of how much you save towards retirement and all your other goals. You also need to check  if your savings are on track year after year.

I have been using a financial tracker for a few years now and it work well for me. It makes me disciplined. Discipline is the key to financial control and freedom.

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