About MyDollarTools

MyDollarTools is a free financial tools platform built to help people make smarter money decisions. We believe everyone deserves access to the same financial analysis tools that advisors use — without the cost, complexity, or requirement to hand over personal data.

Our Mission

Financial literacy shouldn't be a privilege. Too many financial tools hide behind logins, paywalls, or data-harvesting forms. We built MyDollarTools to be different: every calculator is free, every calculation happens in your browser, and we never store your financial information.

Whether you're deciding between renting or buying a home, figuring out the fastest way to pay off debt, or checking your overall financial health, our tools give you clear, actionable answers backed by research.

What We Offer

MyDollarTools currently offers 12 free financial calculators covering key areas of personal finance:

• Financial Health Score — Get a 0–1000 financial wellness score across 6 dimensions, a letter grade, and a personalized action plan.
• Net Worth Calculator — Add up your assets and debts to get your real net worth, then see how you compare to Americans your age.
• 50/30/20 Budget Calculator — Split your take-home pay into needs, wants, and savings with the 50/30/20 rule — and see where your real spending lands.
• Take-Home Pay Calculator — Estimate your 2026 take-home pay after federal income tax, Social Security, Medicare, state tax, and 401(k) contributions.
• Retirement Savings Calculator — Find out if you're saving enough to retire, with employer match, inflation, and a Retirement Confidence Score.
• Compound Interest Calculator — See how your savings and investments grow over time with compound interest and regular monthly contributions.
• Emergency Fund Calculator — Get a personalized emergency fund target based on your expenses, job stability, and household — not a generic “3–6 months.”
• Debt Payoff Calculator — Compare the Snowball and Avalanche methods, see your debt-free date, and find out how much interest you can save.
• Mortgage Calculator — Calculate your monthly mortgage payment including principal, interest, property tax, insurance, PMI, and HOA.
• Auto & Personal Loan Calculator — Calculate the monthly payment and total interest for a car loan or personal loan, and compare loan terms side by side.
• Rent vs Buy Calculator — Compare the true total cost of renting vs buying a home and find your break-even point.
• Cost of Living Calculator — Compare the cost of living between 30 major US metros and find the salary you need to keep your lifestyle.