is there a site like mint.com to keep track of “potential” finances?

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So basically this is what I’m trying to do. I just read the book “millionaire next door” and I am now interested in personal finance and managing money.

I am 22 years old, don’t have credit cards or bank accounts (I’m a student and my parents pay), and I will be in school for another 8-10 years to become a physician. I’m looking for a free personal finance site, where I can essentially make “theoretical” or “fantasy” financial decisions. Like for example, if I assume that I will make 250,000 a year at age 30, I would love to have a “fantasy” portfolio that shows how I could budget that, from paying student loans, to theoretical mortgages/car payments and investments (that make fundamental assumptions of like average 8% return compounded annually). I’d love to see how my 401k/roth ira would possibly add up too by age 60 etc, and how frugally I need to live to achieve my goals. That way I could see what a more frugal lifestyle looks like, what a reckless style of spending would lead, and what a moderate style would be like. Tweaking around with this stuff now could defintiely help me in the future, so I don’t become like 90+% of doctors out there who are horrific with finances and live way above their means, and end up with little retirement savings.

Mint.com only works with real money, and actual bank accounts/credit cards. is there a site where I can play around with a budget of theoretical money to plan ahead for my finances. Something that is above simple calculators etc, but a complex site like mint.com that really takes into account lots of things. Thanks!

So basically this is what I’m trying to do. I just read the book “millionaire next door” and I am now interested in personal finance and managing money.

I am 22 years old, don’t have credit cards or bank accounts (I’m a student and my parents pay), and I will be in school for another 8-10 years to become a physician. I’m looking for a free personal finance site, where I can essentially make “theoretical” or “fantasy” financial decisions. Like for example, if I assume that I will make 250,000 a year at age 30, I would love to have a “fantasy” portfolio that shows how I could budget that, from paying student loans, to theoretical mortgages/car payments and investments (that make fundamental assumptions of like average 8% return compounded annually). I’d love to see how my 401k/roth ira would possibly add up too by age 60 etc, and how frugally I need to live to achieve my goals. That way I could see what a more frugal lifestyle looks like, what a reckless style of spending would lead, and what a moderate style would be like. Tweaking around with this stuff now could defintiely help me in the future, so I don’t become like 90+% of doctors out there who are horrific with finances and live way above their means, and end up with little retirement savings.

Mint.com only works with real money, and actual bank accounts/credit cards. is there a site where I can play around with a budget of theoretical money to plan ahead for my finances. Something that is above simple calculators etc, but a complex site like mint.com that really takes into account lots of things. Thanks!

4 Comments
  1. Reply
    kevinkm77
    February 10, 2011 at 5:02 am

    I think Intuit may have some software for that, if all else fails, you can visit your local bank and they’ll play it all out for ya.

  2. Reply
    MikeRowan16
    February 10, 2011 at 5:24 am

    eRollover.com has a ton of free tools where you can run scenarios and see how your investments would perform under certain circumstances. You can even save the scenarios to your profile to track and change the assumptions.

  3. Reply
    Jaywalker
    February 10, 2011 at 6:01 am

    There are sites like moneytrackin.com and yodlee.com. Not sure if you can play with investments and automatic calculations on investments/ mortgages though.

  4. Reply
    MikeRowan16
    February 10, 2011 at 6:12 am

    eRollover.com has a ton of free tools where you can run scenarios and see how your investments would perform under certain circumstances. You can even save the scenarios to your profile to track and change the assumptions.

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