Buying a home is exciting—but let’s be real, it can also feel overwhelming.
How much can you borrow? What will it actually cost? Can you afford it on your own, or should you buy with someone else? Too many women feel stuck, unsure where to start or who to trust. That’s where Penny comes in.
At Penny, we believe that financial decisions—especially big ones like buying a home—should feel empowering, not intimidating. That’s why we’ve created four simple, yet powerful, calculators in the Penny app. Whether you’re:
✔️ Buying your first home solo or with a partner
✔️ Investing in property to build your future
✔️ Returning to the market after a divorce or life change
Penny’s tools help you plan, track, and take action with confidence. No more guessing. No more second-guessing. Just clear guidance to help you move forward.
Check out the tools that put you in control
Penny’s Budget Calculator – Track where your money goes
A solid budget is the foundation of financial confidence. Penny’s Budget Calculator helps you take charge by:
✔️ Organising your income, expenses, and savings goals—all in one place
✔️ Automatically sorting expenses into categories for easy tracking
✔️ Showing you how much you can realistically save each month
Penny makes it easy to fine-tune your budget and adjust your spending so you can put more towards your home ownership goals.
Penny’s Borrowing Calculator – Know what’s possible
Ever wondered how much you can actually borrow for a home. Penny’s Borrowing Calculator helps you:
✔️ Estimate your borrowing power based on your income, expenses, and goals
✔️ Adjust your numbers to see what’s achievable for different properties
✔️ Feel confident before speaking to lenders—so you know what to expect
With Penny, you can stop guessing and make informed decisions about your future.
Penny’s Costs Calculator – Avoid unexpected costs
Buying a home isn’t just about saving for a deposit—there are several additional costs that can catch you off guard if you’re not prepared. Penny’s Costs Calculator breaks all these costs down for you:
✔️ See the full cost of buying a home, including stamp duty and fees
✔️ Factor in government grants and schemes you might qualify for
✔️ Get a realistic picture of what you need to save—no surprises
Penny’s Savings Calculator – Set and achieve your savings goal
Once you’ve worked out your budget, borrowing capacity, and total costs, the next step is figuring out how much you need to save to make home ownership a reality. Penny’s Savings Calculator helps you:
✔️ Set a clear savings target based on your deposit and upfront costs
✔️ Choose a realistic timeline and see how much you need to save each month
✔️ Adjust your plan as your income or expenses change
No more guessing games—Penny shows you exactly what’s needed to stay on track and reach your goal faster.
Why women are choosing Penny
Unlike typical banking apps, Penny is built for women with women. We get the unique challenges you face—whether you’re buying solo, investing for the first time, or rebuilding after a life change. Plus, with 24/7 access to tools and expert insights, you can plan on your own terms, anytime, anywhere.
💡 Smart tech that gets better over time – The more you use Penny, the more personalised it becomes.
💡 Created for women with women – Connect with a community of women navigating the same journey.
💡 Financial confidence, made simple – We break everything down for you, so you can take action.
Your next step starts now
Take control of your home buying journey today. Sign up for Penny and get instant access to the tools that make financial confidence easy.