This easy to use web-resource offers three different ways to help plan your savings. Developed by the money advice service (www.moneyadviceservice.org.uk) , an independent body set up by the government to provide personal financial advice, the calulator is a web-based app with clear and helpful instructions. It allows you to create a savings plan in three different ways – by setting a target figure, a target period or a monthly deposit. The app also provides useful explainations of terminology and current financial conditions for savers. In a classroom setting the app could be useful in exploring the concept of compound interest.
We have included the savings calculator as it is one of the best free resources for managing your savings.