Did you know that various types of calculators can simplify and improve many aspects of your personal life? From managing your health to planning your finances, the right calculators can help you make informed decisions and stay on track with your goals.

Let’s discover the five must-use calcu- lators that can support you in different areas. Using these tools will help you take control of your health and finances with ease and accuracy.

 

List of Calculators that Should be Used for Personal Use

Here is a list of 5 essential calculators that you must use for your personal use:

1. HLV Calculator

Human Life Value (HLV) is the current worth of your potential future income, financial obligations, expenditures, and investments. A human life value calculator is a smart online tool that you can use to compute how much insurance you need for your own protection.

It computes the amount your family would require to continue with its lifestyle and fulfil financial obligations in case you are gone.

The HLV calculator considers the following components of its calculation:

• Annual income
• Your present age
• Monthly costs (rent, EMIs, school fees)
• Debt duress
• Savings for the future (children's education, house purchase)
• Existing investments
• Life insurance that is in force

The HLV calculator offers several advantages as an online tool:

• It calculates your life insurance coverage based on your Human Life Value.
• The tool is user-friendly and straightforward.
• It provides instant results, displaying your Human Life Value immediately.
• The inputs required are simple and easy to comprehend.

2. Calorie Calculator

A calorie calculator helps you calculate the amount of calories your body needs in order to maintain its weight. It is based on the principle that calorie input should equal the output in energy to achieve specific health objectives.

After filling in your age, gender, weight, height, activity level, and weight objectives, you are given a specific assessment of your daily caloric needs.

The calculator employs the following three equations in arriving at the approximated caloric needs:

• Mifflin-St Jeor Equation:
  1. For men: BMR = 10W + 6.25H - 5A + 5
  2. For women: BMR = 10W + 6.25H - 5A - 161
• Harris-Benedict Equation:
  1. For men: BMR = 13.397W + 4.799H - 5.677A + 88.362
  2. For women: BMR = 9.247W + 3.098H - 4.330A + 447.593
• Katch-McArdle Formula:
  1. BMR = 370 + 21.6(1 - F)W

Here,

• W -  Your body weight in kilograms
• H - Your height in centimetres
• A - Your age in years
• F - Your body fat percentage

The following are the benefits of using a calorie calculator:

• This tool offers you daily calorie guidelines for creating a custom nutrition plan.
• Whether you are interested in losing fat or gaining muscle, it acts as a reference that will help you stick to the right caloric intake to achieve the right result.
• Calorie counting makes you responsible for your food consumption, making it easier to remain committed to your fitness program.

3. BMI Calculator

A BMI calculator helps you monitor your health by identifying potential health risks early so you can take timely steps to stay fit. It knows a person's weight category.

Using a BMI calculator calls for proactive action toward maintaining and enhancing your general well-being. The formula for calculating BMI is given by:

BMI = weight (kg) ÷ (height (m))²

The following are the key benefits of the BMI calculator:

• It helps in understanding the effect of lifestyle and dieting on body weight.
• The tool provides instant calculations with minimal input, saving time and effort.
• It helps maintain normal body weight, thus preventing diseases like osteoarthritis, heart disease, and type-2 diabetes.

4. Ovulation Calculator

An online ovulation calculator helps you estimate your fertile window, making planning or avoiding pregnancy easier. However, it is important to note that this tool cannot guarantee pregnancy or serve as a reliable method of birth control.

Your fertile window is unique and can vary from month to month. Usually, it spans around six days in your menstrual cycle when your chances of conceiving are highest.

The calculator estimates your ovulation date by subtracting 14 days from the expected start date of your next period. It also requires information about your menstrual cycle for accurate results.

The following are the key advantages of an ovulation calculator:

• It identifies the most fertile days in a six-day window, including ovulation day, maximising chances of conception.
• It tracks ovulation and cycle length, helping women monitor reproductive health and detect irregularities. This is especially useful for conditions like PCOS.

5. Personal Loan EMI Calculator

A personal loan calculator is an online tool that helps you determine the monthly payment needed to clear the loan.

Using inputs you provide, this tool helps you determine the total interest you will pay throughout loan tenure, monthly EMIs, and the remaining loan amount for a certain number of months. It is a very efficient method that will help you properly organise your loan repayment process.

The personal loan EMI calculator will use the following formula:

EMI = [P x R x (1+R) ^N] / [(1+R) ^ N -1]

• P - Principal amount
• R - Rate of interest
• N - Loan tenure

The following are some advantages of a personal EMI calculator:

• For forecasting monthly expenses and including loan payments in your budgeting, it’s useful to determine your personal EMIs.
• This tool allows you to select the desired loan amount, choose the number of years you want to take the loan to repay, or even change the interest rate, and see how these changes do not necessarily ruin your life.
• Pre-calculating EMIs ensures timely payments, preventing defaults and maintaining a good credit score.

These tools can be accessed online and are quite easy to use. Compared with manual calculations, they provide instant and error-free results. Use them in your daily routine and empower yourself to take control of your health and monetary resources.