Dublin, California (PressExposure) January 25, 2012 -- Today myTafi.com announced the release of '5 minutes Financial Analyst' to help individuals analyze and understand their current and future financial health and make financial decisions that lead to prosperous lives.
Financial planning is a complex and time consuming activity. Without the access to financial advisors or planning tools, individuals end up making financial decisions that do not maximize their financial net worth. There is plethora of online tools and websites that promise to help individuals manage their money. These Online budgeting and expense tracking tools fall short when it comes to helping individuals make a financial plan that accounts for their expenses, income, debts, savings, goals, and future events such as change in income and buying a house.
myTAFI.com introduced '5 Minutes Financial Analyst' to simplify the financial planning. 5 Minutes Financial Analyst uses a complex algorithm to evaluate individuals' overall financial health and based on their ability to take care of their needs, wants, debts and emergencies it rates their financial health on a scale of 1 to 10. Anonymous visitors can use this tool to get the forecast for their overall net worth, debts, savings and overall financial health. The tool also lets the visitors view their financial future under different scenarios by adding and/or changing their future income, goals and expenses. Registered users can use myTafi to make household budget and financial plan, check affordability of their dreams and track their progress towards their financial goals using myTafi.com.
myTafi.com is a bay area start-up. Its mission is to use innovative technological solutions to help individuals make financial decisions which lead to prosperous lives. Until mytafi.com, personal financial management applications focused only on the bank accounts. While this makes for good bookkeeping and expense tracking, it reveals very little about financial health. That's why myTAFI shifted the focus to flow of money, analyzing from a personal profit and loss standpoint leading to customized financial advice that accommodates priorities, tax implications and anticipated changes in life such as wedding financial planning, loss of income, having a baby and home purchase.
For more information: [https://mytafi.com/WeddingWallet/weddingFinancialPlanner.htm]