Ever wondered if you should spend your money on something you always wanted? This app helps you have the financial confidence to make a wise decision to buy something based on your financial numbers.
Most of us dont even know how much is our monthly income and expense. This app helps makes you aware of your financial number which is key to your financial success.
Use this app to teach kids how to manage money. If kids want to buy something, ask them put their financial information such as how much do they and what is their monthly allowance or how much they earn from chores and odd jobs. This app will tell them whether they can buy it or not, how long they have to work for it etc.
Should I Buy? is the first step towards having financial confidence and spending money responsibly.
Eight mini-apps are included within this single app:
1. Time It Will Cost Me: Calculates how long you will have to work to pay for an item.
2. My True Cost of Buying: A calculator that shows how much interest / investment earnings you are giving up when spending on non-essentials.
3. Cost of My Habit: A tool to show you just how much you spend on non-essential habits.
4. Should I Buy It Quiz: Retrains your brain to think about every purchase before you make it. With simple answers to every question, you’ll be able make spending decisions with ease.
5. Can I Afford It?: Scrutinizes your finances to whether your expenses are under control and whether you have enough savings.
6. Car Price Range: A car affordability calculator that recommends how much you should spend on a car.
7. House Price Range: A home affordability calculator that looks at how much you realistically can afford to repay each month.
8. Loan Health Check: A loan repayment stress test that determines your risk of financial stress.
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DISCLAIMER: Use this app as only a guide. Always seek professional advice from a financial planner when making significant financial decisions.