Personal Finance Scenario Planner
Model different life decisions with Monte Carlo simulations. Compare scenarios like buying vs. renting, career changes, and more to see the financial impact over time.
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Understanding Monte Carlo Simulations
Monte Carlo Simulation is a mathematical technique that predicts possible outcomes of an uncertain event. For financial planning, it runs multiple scenarios with random variations to show a range of possible results.
Key Takeaway:
No simulation can predict the future with certainty, but Monte Carlo gives you a probabilistic view that can help you make more informed financial decisions and prepare for different scenarios.