Cardinal Finance Lab
Stanford IFDM - Initiative for Financial Decision-Making
Master your financial future through interactive simulation and experimentation
đ
Budget Builder
đĄ The 50/30/20 Rule: Allocate 50% to needs, 30% to wants, and 20% to savings & debt repayment.
đ Expenses
đ° Budget Analysis
Monthly Income
$0
Total Spending
$0
Total Savings
$0
Savings Rate
âšī¸
% of income allocated to savings. Target: 20%+
0%
50/30/20 Rule Analysis:
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0%
0%
â Needs
â Wants
â Savings
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Portfolio Simulator
đĄ Diversification: Spreading investments across different asset classes reduces risk while maintaining growth potential.
đ¯ Asset Allocation
đ Simulation Assumptions:
- Stocks: Avg. return 10% per year, Std. Dev. 18%
- Bonds: Avg. return 5% per year, Std. Dev. 6%
- Cash: Avg. return 2% per year, Std. Dev. 0.5%
âī¸ Risk Tolerance
đĄī¸ Conservative
~4-6% return
Low volatility
Low volatility
âī¸ Moderate
~7-9% return
Moderate volatility
Moderate volatility
đ Aggressive
~10-12% return
High volatility
High volatility
đ Simulation Results (Monte Carlo - 1000 scenarios)
Expected Annual Return:
0%
0%
Portfolio Volatility (Ī):
0%
0%
What this means: Higher volatility = wider range of possible outcomes. Your portfolio has a 68% chance of returning between ÂąX% annually.
Expected Value
$0
Best Case (90th %)
$0
Worst Case (10th %)
$0
Total Invested
$0
đ Growth Scenarios Over Time
đ Distribution of Final Returns
đŗ
Debt Payoff Planner
đĄ Avalanche vs Snowball: Avalanche saves more on interest (pay highest rate first). Snowball builds momentum (pay smallest balance first).
đ Your Debts
Debt Name
Balance
Interest Rate (%)
Min Payment
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Payoff Timeline
Total Debt
$0
Time to Payoff
0 months
Total Interest Paid
$0
Debt-Free Date
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đ¯
Financial Dashboard
đĄ Financial Independence: Track your path to financial freedom by understanding key metrics and milestones.
đ Your Financial Snapshot
Savings Rate
0%
FI Number
âšī¸
25x annual expenses (4% rule for retirement)
$0
Years to FI
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Monthly Savings
$0
đ° Net Worth Trajectory
â° Your Money = Your Time
Based on your hourly rate of $0:
| Purchase | Cost | Hours of Work |
|---|
đž Saved Scenarios
Your calculations & simulations
No saved items yet.
Run calculations to save them here.
đ Quick Stats
Personal finance benchmarks
Emergency Fund:
3-6 months of expenses
3-6 months of expenses
Savings Rate:
Target 20%+ of income
Target 20%+ of income
Housing Costs:
Keep below 30% of income
Keep below 30% of income
Retirement:
Save 15% from age 25-65
Save 15% from age 25-65
4% Rule:
25x annual expenses for FI
25x annual expenses for FI