Financial Modelling Tool
Each income or expense can be described with a probability of it occurring, and of it costing the expected amount. For example, I expect to buy a washing machine in about 6 months, and I think it will cost about $500. The best case for this once-off expense is that it occur later than 6 months, and that it cost less than $500, and the worst case is that it occur earlier and that it cost more.
mooleer
- Shows a graph of your future cashflow based on your current account balances, interest rates, incomes and expenses.
- Each income and expense has probabilities of how much it will cost and when it will occur, allowing calculation of best-case and worst-case graphs.
- Shows how current spending affects future cash-balance.
- Allows testing of scenarios. Like paying off a credit card, or paying some savings into a higher-interest account.