Last Updated on September 2, 2024

The best financial planning starts with the best tools.

So we spent years creating calculators that answer our clients’ and students’ burning questions.

Life is dynamic. PDF reports just don’t cut it any more. Instead, it is extremely empowering to know that you can update your own financial plan by changing some inputs in a specialized calculator.

So…here we go! All our best creations, in one post.

Budgeting & Planning

1. The Oleh Budgeting Calculator (FREE)

Answer a few simple questions about your family and lifestyle and the Oleh Budgeting Calculator will automatically produce a comprehensive budget. It is great for seeing into the future.

3 questions this tool can help answer

1. How much will I spend after Aliya?
2. What will my budget look like after getting married or having children?
3. Will living somewhere else save enough money to justify the move?

How to access

This free tool is available here.

2. Currency Conversion Optimizer (PREMIUM)

Find the cheapest way to convert and transfer foreign currency.

3 questions this tool can help answer

1. What is the cheapest way of transferring my foreign salary to Israel?
2. Should I sign up for an online platform or use a local currency conversion service?
3. How should I transfer a large of sum of money for a property purchase?

How to access

The Currency Conversion Optimizer is available as part of our (downright cheap) Masterclass, Mastering Money Transfer to Israel.

3. Spending Plan Worksheet (FREE)

This worksheet helps you understand your spending and map out where your money is going. It will help you feel more in control of your budget and give you a foundation for prioritizing between different areas of spending.

3 questions this tool can help answer

1. How much can I actually save each month?
2. How much of my expenses are consistent monthly and how much is seasonal?
3. How can I find room to add a new expense to my budget?

How to access

This free tool is available here. For guidance on how to use it in collaboration with the automated, Israeli budgeting app, Finanda, check out our online course Master Your Spending.

4. Financial Planning Worksheet (PREMIUM)

This is our core financial planning tool and forms the basis of our 1:1 financial planning sessions.

3 questions this tool can help answer

1. How much money do I have and where is it?
2. How is my money allocated and is this appropriate?
3. Can I achieve my life goals with my assets and income?

How to access

The Financial Planning Worksheet is available to clients who choose our 4-month Financial Planning Program or who sign up for customized 1:1 financial planning sessions.

5. Electricity Discount Calculator (FREE)

The 2023 electricity reform allows consumers to choose their own electricity supplier and discount plan. This calculator allows you to find your optimal plan, based on your personal usage data, downloaded from the Chevrat Hachashmal website.

3 questions this tool can help answer

1. Which electricity supplier should I switch to?
2. What discount track will be optimal for me?
3. How does my electricity usage change by month / day of the week / time of the day?

How to access

This calculator is available for free as part of our guide on How to get a discount on your electricity bill.

6. Which Israeli Credit Card Should You Choose (FREE)

Most Israeli credit cards have high fees with close to 0 benefits. However, there are some cards with real benefits and low fees. This free tool will help you decide which card is best for you!

3 questions this tool can help answer

1. Which card is cheapest for me to use overseas?
2. Which cashback card is recommended in Israel?
3. Am I eligible for a non-bank credit card?

How to access

This free tool is available here. Or learn more about Israeli credit cards that don’t suck.

7. Choosing a US Checking account from Israel (FREE)

Which US checking account is best for you as a dual-citizen living in Israel? Input your specific circumstances and this interactive calculator will help you choose the right account for you.

3 questions this tool can help answer

1. What US checking account can I open without a verifiable US address?
2. Which account is available to me without a US phone number?
3. Which account will be best for me?

How to access

This free tool is available here. Or learn more about keeping a US checking account while living in Israel.

Income & Tax

8. Employee Net Income Calculator (FREE)

It is now easy to calculate your take-home pay…in English!

3 questions this tool can help answer

1. How much will I take home if I increase my income to X?
2. When I have another child, how much more will I take home after receiving extra tax credit points?
3. How much will my take-home pay be impacted if I receive a taxable benefit such as a car, 10bis/Cibus, or health insurance?

How to access

This free tool is available here.

9. Atzmai Net Income Calculator (PREMIUM)

This is likely the ONLY comprehensive Atzmai Net Income Calculator available online in English or Hebrew. It helps you save money, prepare for retirement, and avoid costly tax mistakes by uniquely accounting for income tax, bituach leumi, pension, Keren Hishtalmut, business & home expenses, US social security (for US taxpayers), tax credit points, donations, and more.

3 questions this tool can help answer

1. How much should I contribute to pension and Keren Hishtalmut per month?
2. What income tax and bituach leumi payment should I make given my recent increase in revenue?
3. How does my Atzmai income compare to what I could earn as an employee?

How to access

This calculator is available as part of our Atzmai Income Masterclass and to financial planning clients who pay for a session on Atzmai income.

10. Employee Stock Options Value Calculator (FREE)

Want to know the true value of your employee stock options? Even if your employer is a private company and isn’t too forthcoming about the value of your stock, it is still often possible to use public data to estimate what your stock is worth. Our calculator walks you through the process and does the calculations for you.

3 questions this tool can help answer

1. What percentage of my company do I hold?
2. How much is my stock worth?
3. How does this compare to others in similar stage companies?

How to access

This free tool is available here.

11. Keren Hishtalmut or Raise Calculator (FREE)

If you are offered a raise, should you ask for a Keren Hishtalmut instead?

3 questions this tool can help answer

1. Should I accept a raise or ask for a Keren Hishtalmut?
2. How will my choice affect my take home salary, my overall net worth, and my retirement?
3. How much will each option cost my employer?

How to access

This free tool is available here. Or read our Ultimate Guide to Keren Hishtalmut.

Investing

12. Brokerage Cost Calculator (PREMIUM)

We break through the confusion and help you choose the best brokerage account for you. The calculator generates personalized guidance based on complex factors such as your citizenship, Aliya status, investment amounts, and more.

3 questions this tool can help answer

1. Which brokerage account will have the lowest costs over 10 years?
2. How will this recommendation change when I come to the end of my 10-year aliya tax benefit?
3. What unique impacts do accounting costs, fees, currency conversion costs, and tax have on the decision?

How to access

This calculator is available as part of our Guided Investment Program.

13. ETF Purchase Calculator (PREMIUM)

Our ETF purchase calculator will help you keep your portfolio in balance. The calculator will tell you which of the ETFs in your portfolio to buy each month in order to stay aligned with your chosen allocations.

3 questions this tool can help answer

1. How many units of each ETF should I buy this month?
2. How much is my portfolio worth right now?
3. How far off my target allocation am I?

How to access

This calculator is available as part of our Guided Investment Program.

14. Incorporating Pension Into Your Portfolio Allocation (PREMIUM)

This calculator gives you a holistic overview of where your money is invested and will help you decide how to keep all of your accounts in balance.

3 questions this tool can help answer

1. Does my portfolio actually reflect my desired investment allocation?
2. How much do I have invested in any one asset class?
3. What changes should I make to reach my desired allocation?

How to access

This calculator is available as part of our Guided Investment Program.

15. Property Financial Planning Calculator (PREMIUM)

This tools examines examines your asset growth, savings rate, property purchase value, minimum down payment, all of the associated costs of buying a property, mortgage levels, and helps you determine when you may be in the position to buy your property and what that purchase will look like.

3 questions this tool can help answer

1. When will I be able to buy a property?
2. How much do I need to save each month to make that happen and how should I invest the savings?
3. What will my mortgage look like and can I afford the payments?

How to access

This calculator is available as part of our Create a Financial Plan to Buy Your First Home Masterclass and to financial planning clients who pay for a session on property planning.

You can also read our free guides about creating a financial plan to buy a home here and here.

16. Mortgage vs. Invest Calculator (PREMIUM)

This calculator helps you understand the benefit and risk of a mortgage. This helps you determine your optimal down payment and whether you should pay back a mortgage early.

3 questions this tool can help answer

1. Should I take out a large mortgage and leave money invested or is it better to minimize my mortgage size?
2. Should I pay back my mortgage early?
3. How much money could I expect to have in 30 years under each scenario?

How to access

This calculator is available as part of our Create a Financial Plan to Buy Your First Home Masterclass and to financial planning clients who pay for a session on property planning.

17. Rent vs. Buy Calculator (FREE)

Finally, a simple way to test the age-old question: should I buy despite the high cost or plan to rent forever.

3 questions this tool can help answer

1. Should I buy or plan to rent long term?
2. Is it better to invest in the stock market or invest in real estate?
3. How impactful would a property purchase be on my eventual wealth and is it worth the effort?

How to access

This free tool is available here.

18. Short & Medium Term Allocation Calculator (PREMIUM)

This tool allows you to map out 10 short->medium term goals and shows you move money between stock, bonds, and cash to find the right balance between risk and return. The calculator also helps you rebalance annually in order to reduce risk as you get closer to a goal.

3 questions this tool can help answer

1. How much do I need to save every year in order to reach my goals?
2. How can I account for inflation when planning for goals in 5-10 years’ time?
3. How much of my savings should I keep invested and how much in savings accounts?

How to access

This calculator is available as part of our Earn More From Your Savings in Israel Masterclass and to financial planning clients who pay for a session on short->medium term financial planning.

Retirement

19. Pension Fees Comparison Calculator (PREMIUM)

Find your personal optimal balance between the pension deposit fee and assets (AUM) fee. Save thousands of shekels a year.

3 questions this tool can help answer

1. Are my current fees too high?
2. What fee structure is best for me right now?
3. Should I set a reminder to update my fee structure in the future and when should I do this?

How to access

This calculator is available as part of our Turn Your Pension Into Millions Masterclass and to all financial planning clients.

20. Basic Retirement Simulator (FREE)

Calculate how much you need to contribute to your pension account each month in order to retire comfortably.

3 questions this tool can help answer

1. Am I on track to retire comfortably?
2. How much do I need to contribute to pension given a certain desired monthly spend in retirement?
3. To what extent will my plans be affected if the market over or under performs?

How to access

This free tool is available here.

21. Israel Early Retirement Calculator (PREMIUM)

Determine when you will reach financial independence (FIRE) and make a plan to retire early or reduce your workload.

3 questions this tool can help answer

1. How exactly will my retirement year affect my retirement income?
2. How much will I be able to withdraw from my portfolio each year in early retirement?
3. What impact will buying a property or setting aside money for children have on my plans?

How to access

This calculator is available to financial planning clients who pay for a session on early retirement planning.

Upcoming Calculators

We are always working on new calculators and tools to serve our community. Feel free to suggest any other ideas you think would be valuable for English speakers in Israel. Here are some of the calculators that are in the works or planned for the coming year:

• How To Buy/Lease a Car Calculator
• Maaser Calculator
• How to Structure US Income Calculator
• RSU Optimization Calculator