Online calculators.
Online calculators can be used for saving money, comparing prices, or planning a budget.
You just input some numbers, and the online calculator works out answers or suggestions.
Amelia wants to save up for a bike that costs £280. She puts the money she earns into the calculator, along with payments like rent, bills, travel, and money for food and going out.
The savings calculator shows she can save £40 a month, and it would take seven months to afford the bike.
Amelia can use the calculator to adjust her spending. If she cuts down on going out, she can save an extra £30 per month and can afford the bike in four months. Price comparison calculators compare prices of things like cars, travel insurance and electricity.
You can compare total price, monthly or annual payments, and extra perks or offers.
Online calculators and comparison tools can help you make money decisions quickly, especially if you’re dealing with lots of different amounts. But understanding the maths helps you choose better.
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A film explaining how online calculators can be used to save money, compare prices or plan a budget.
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