Enter the number of members and the monthly contribution. You will see the payout for each turn, the month it comes, and how much you will have paid by then. Works in dirhams, riyals, pounds, dollars or rupees.
—payout on each turn
—how long it runs
—last month
#
Month
Payout
Paid in by then
Running a committee? Keep the record on your phone.
Sahulat keeps who has paid and who has not, whose turn is when, and your own contributions in one place, in any currency. Invite members and they see their turn in their own app. Free, works offline, no ads.
Every month each member pays the same contribution, and the whole pot goes to the member whose turn it is. So:
Payout per turn = members × monthly contribution
Length = as many months as there are members
You pay in = monthly contribution × members, exactly what you receive
Someone holding two shares pays double and gets two turns. Count shares as members in the calculator.
Questions
Is the first turn or the last turn better?
Both receive the same amount. The first turn is like an interest-free loan: you get the money now and repay it month by month. The last turn is like savings. Inflation does make the last payout worth a little less.
How are turns decided?
Usually by drawing lots, or by the organizer. Someone who needs the money soon often asks for an early turn. Whatever the method, write the order down and send it to everyone before the first month.
What if a member does not pay?
The organizer should know the same day, which needs a record of who paid each month. The full method: how to run a committee.