Your privacy

Information to personally identify you is not requested by this tool.

Information entered into this tool is not stored on your pc.

 

This simple predictor will aim to give you an idea of how your finances might change in the future based on information we can gauge from the economy. Results are purely a rough guide and should not be relied upon to base a true in depth financial analysis.

 

Things to have to hand, unless you know them

• A recent bank statement so you can enter your debt repayments
• Your loan/mortgage agreements and credit card statements

 

For a more complete picture complete the budget calculator first and feed the results into this!

 

 

Current Income/Expenditure Details

Your monthly income before tax (gross)	£ .00
Your monthly income after tax (net)	£ .00
other monthly income (benefits, tax credits, rent received, pension etc)	£ .00
Your monthly outgoings EXCLUDING food mortgage interest and debt payments	£ .00 just household bills here, including endowment, assurance and insurance policy
Your MONTHLY food spend	£ .00
When was your last pay rise	less than 6 months 6-12 months over 12 months ago
Payrise offset	Zero means a payrise in line with inflation.

 

Mortgage Debts
The following calculator is designed for interest only mortgages. Be sure to have included any endowment payments in the monthly outgoing section at the top

% rate: Leave as blank for standard base rate variable tracker (1% above base rate)

	Monthly Repayment	% rate	fixed until
Amount	£ .00 (interest only)		MM/YYYY
Amount	£ .00 (interest only)		MM/YYYY
Amount	£ .00 (interest only)		MM/YYYY
Amount	£ .00 (interest only)		MM/YYYY

 

Credit Card Debts

Fixed Rate deals are assumed jump to 11% points above Bank of England base rate when they have finished

Issuer	Balance Outstanding	Min Payment	% rate	fixed until
	£ .00	%		MM/YYYY
	£ .00	%		MM/YYYY
	£ .00	%		MM/YYYY
	£ .00	%		MM/YYYY
	£ .00	%		MM/YYYY
	£ .00	%		MM/YYYY
	£ .00	%		MM/YYYY
	£ .00	%		MM/YYYY

 

Fixed Rate Loans

Lender	Monthly Repayment	Loan End Date
	£ .00	MM/YYYY
	£ .00	MM/YYYY
	£ .00	MM/YYYY
	£ .00	MM/YYYY

 

Your Property
If you do not own a home, leave this blank

How much is your house worth	£.00
How much is your outstanding mortgage	£.00

 

Predictor Variables
These are the values we have currently set as defaults based on economic averages and predictions from various sources including the Bank of England.

The results graph will show a prediction plus a better and a worse prediction based on these variables

NOTE: Official figures do not take into account 'possibility factors' such as the housing market crashing, increased business and personal bankruptcies, impact from US economic problems or the effect of oil/energy price rises due to climatic or terrorist activities. All these can impact a stable economy for a short or long period of time.

Timescale	Bank of England Base Interest Rates This affects your loans	Inflation This affects the cost of living	House Price Inflation This affects the price of your property
Now	%	%	%
In 3 months time	%	%	%
in 6 months time	%	%	%
in 1 years time	%	%	%
in 2 years time	%	%	%
in 3 years time	%	%	%
in 4 years time	%	%	%
in 5 years time	%	%	%

 

 

 

Additional Reading:

How to Avoid Debt