LoanOrCash vs Shanshi

This application helps you explore fixed-rate loan scenarios for both new or existing loans. For existing loans, this application will calculate the remaining principle and interest on the loan. “Loan or Pay Cash?”, is a unique feature which can provide insight to a common financial planning question on whether to borrow money or pay cash for a purchase? Or assist with deciding whether to pay off an existing loan with cash from savings or investments. Entering values ... The values that can be changed are represented in the color “blue”. These values can be changed by either using the slider or with the numeric keyboard. For a value higher than the slider maximum allowed is desired, then the user must use the numeric keyboard to enter the value. Loan Term - can be entered in months or years. If months are entered, then the application will automatically adjust years to match and vis-a-versa. The loan term slider will advance number of months in twelve (12) month increments to a maximum of 360. Values above 360 maybe entered with the keypad to a maximum of 600 months (or 50 years). Months Remaining - for an existing loan, this value represents the months remaining not to exceed the Loan Term value entered above. If this value is less than the Loan Term, the remaining principal and interest is calculated and displayed. Federal Tax Rate %, State/Local Tax Rate % - enter your effective tax rate to be used in calculating the desired investment return rate estimates. You can often obtain this value from your last tax return. Most popular tax programs will automatically provide these values, otherwise they can be estimated by taking your Total Tax Expense and dividing by your Taxable Income. For personal advice regarding your financial situation and effective tax rates, please consult with a financial or tax advisor. Explore - Loan or Pay Cash? This feature estimates the desired investment rate of return and can help answer questions like ... Do I borrow or pay cash (i.e. cash from savings or investments) for a purchase? What minimal investment return (after taxes) would I need to cover the interest payments on the loan? Should I pay off an existing loan? The desired investment return rate calculated, is estimated using the remaining principal and term of the loan. This calculation assumes that the return from investments would be subjected to yearly taxes (i.e. taxes subjected to capital gains, dividend income, interest income, etc). The amount of the investment is decreased monthly by the amount of the monthly loan payments (i.e. principle & interest) and yearly for taxes on investments returns. This calculator assumes that any allowable tax deduction of loan interest (e.g. home mortgage) is factored into the effective tax rates input in the Federal Tax Rate and State/Local Tax Rate input values. Desired investment return over loan term period: This shows the average annual total return (%) desired from an investment and the actual return ($) over the remaining term of the loan. The picker provides 10 additional higher investment return scenarios for comparison purposes.

Shanshi is the app to take control of your personal finances: log expenses in a few taps, know how much you can spend today, and keep track of what you owe and who owes you. Simple, with no ads, and built for everyday use. No spreadsheets, no bank connection, no passwords. Just you, your phone, and your accounts in order. Join the Shanshi community. Important: Shanshi records and organizes your money. We do not offer loans or credit. YOUR DAILY BUDGET Set how much you want to spend per day and Shanshi shows you instantly how much you have left. Change your limit anytime. LOG IT IN TWO TAPS Record expenses and income with a big, direct keypad, on any date you need. No long forms, no hassle. CATEGORIES READY TO USE Food, transport, utilities, health, pets, education and many more, from day one. Unlimited custom categories are part of Premium. UNLIMITED ENTRIES ON YOUR PHONE Log as many transactions as you want, no cap and no charge. YOUR DATA TO EXCEL, ANYTIME Export your entries to a spreadsheet with our template, as a backup or to work with them your way. Already keeping your accounts in Excel? Import them with the same template. IMPORT YOUR BANK STATEMENT (OPTIONAL) Upload your bank's PDF and Shanshi reads the transactions so you don't have to type them one by one. You review and confirm before saving. DEBTS AND CLEAR ACCOUNTS WITH YOUR PEOPLE Money you lent a friend, a tab at the corner store, the bill your dad paid, or installments you committed to. Two clear sections: "Owed to me" and "I owe". - Balance per person - Partial payments, little by little - Mark as paid with one tap - Reminder for every installment - Full history per person SPLIT A BILL WITH A GROUP A trip, a dinner, rent or shared shopping. Create the group, pick your people, and Shanshi splits the cost and tracks who has paid. GOALS AND SAVINGS CIRCLES Goals with a date and contributions. And if you're in a savings circle (tanda, susu, ROSCA), keep track of turns and payments with ease. MULTIPLE ACCOUNTS AND CURRENCIES Cash, cards and accounts kept separate, with currency conversion. CLEAR, SIMPLE REPORTS See where your money goes by category and period. CHALLENGES AND STREAKS Short challenges and a streak to protect, to build a good daily habit. ON YOUR DEVICE, WORKS OFFLINE Your records stay on your phone. Shanshi does not connect to your bank or ask for banking passwords. GOOD TO KNOW BEFORE YOU START - Shanshi requires creating an account to begin. - Shanshi does not connect to your bank: entry is manual, with optional import from Excel or PDF. - Works on one device at a time. SHANSHI PREMIUM (OPTIONAL) - Dark mode - Fingerprint or face lock (biometrics) - Unlimited custom categories - Priority support Monthly subscription, cancel anytime. Everything above is free. Payment is charged to your Apple account at confirmation of purchase. The subscription renews automatically unless cancelled at least 24 hours before the end of the period. You can manage it in your Apple account settings. Questions or suggestions? Write to us from Settings, Support. Terms of Use (EULA): https://www.apple.com/legal/internet-services/itunes/dev/stdeula/ Privacy Policy: https://shanshi.es/pages/policy.html#policy