Start your journey to financial freedom, right now with FinanceNow. FinanceNow makes it easier for you to explore to path to financial freedom. It tells your current financial situation and motivates you to improve continuously.
FinanceNow starts you off with following
MONTHS TO SURVIVE WITHOUT SALARY
Have you wondered what happens when your regular income stops or when your company lays you off from the job? How many months you will survive without a standard income. Having substantial savings in liquid form will help you tide through such situations and gives you time to decide the next course of action. FinanceNow looks at all your savings and current expenses and computes the number of months you will survive without a salary without compromising your lifestyle.
PERCENTAGE SALARY ON DEBT
Debt has become irreplaceable part of many people life and managing it well is important to maintain decent lifestyle. You accumulate debts as you go along your life. The debts could be your home loan, vehicle or even the student loan that you haven’t closed in a while. Knowing your debt and keep it under control will help you maintain a decent lifestyle and not to mention your ability to get a new loan in emergency situations. FinanceNow looks your EMI payments every months and computes its percentage of it based on your regular income.
Networth is everything that you own after paying up for all your debts. The assets under loans still is not part of your asset and in fact reduces your overall networth. Knowing your networth will help you make prudent financial decision in future. The FinanceNow takes in account all your savings, investment, assets, debts and then computes your networth.
LIFE INSURANCE REQUIRED
Life insurance is an important decision for everyone to take care of your dependents in the event of an unforeseen circumstances. The insurance amount should not only provide a steady income in your absence but also service any outstanding debts that you are still servicing so that burden of servicing that debts does not fall on your dependents. FinanceNow looks at all your debts and you expenses and suggests the total insurance you need.