About Us
The purpose of the money orb is to provide a set of advanced, simple to use tools
that allow users to model various aspects of their finances.
The Beginning
The development of the money orb began out of frustration with the limitations in the
existing array of financial tools on the market and there limited availability to everyday
people. I was searching for a tool that would be able to project my financial wealth based
on certain life events that most people experience. Life events such as having a family,
purchasing a new vehicle, sending my children to private schools and having regular holidays.
I also wanted a set of tools that would allow me to compare different "what if" scenarios.
- What if we bought a new car every 4 years?
- What if my wife worked part time?
- What if we reduced our spending by $500 a month and put it into our mortgage?
It’s these types of scenarios that you can’t enter into your typical loan calculator. And what if I wanted to
save those different scenarios and update them in the future?
And so the money orb was born. A FREE site dedicated to providing user’s with the ability
to make decisions about their own financial destiny.
Advanced Loan Calculator
The first development is the advanced loan calculator that allows users to create different
events during the life of their loan. User’s can model the affects of increasing interest
rates at some point in the future, they can schedule lump sum repayments, or redraw on
a loan if for example they want to build an extension to their house. A user can also
alter their repayment amounts in the future to model the affect of only one parent working,
or taking 12 months off to travel. In future phases of the development user’s will be able
to save these various scenarios and compare them on a graph.
Future Directions
In the future users will be able to store budget information on the site and prepare and compare
different budgets. It will also contain a property investment calculator which will give estimates
on the amount of money people can borrow for a residential investment property based on their equity.