Budgeting Tool Reveals Shocking
Lifetime Cost of Regular Spending

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Help you to see how much your various spending habits will cost you in terms of lost discretionary time and lost interest earnings.

This free online Budgeting Tool will help with personal budget planning by translating any expenditure into its daily, weekly, monthly, annual, work-years, and life-expectancy equivalents.

For example, if you spend $3 for coffee 5-times per week, this calculator will tell you how much you are spending per day, week, month, year, work-years, and lifetime!

Plus, the calculator on this page will even translate each periodic equivalent into the number or work hours required, and the interest earnings you stand to lose if you spend the amount instead of invest it. Prepare to be shocked.

The Secret to Budgeting Finances for Maximum Returns

What if I told you that if you invest money with me you would get $100 back? Would you take me up on my offer? Why not? Well, I'm guessing you would want to know how much you would have to invest. After all, if you invested $1,000 and I only gave you $100 of your investment back, you probably would not be very happy with your return on investment.

Unfortunately, if you're like most people I talk with, you are investing money every day without ever considering what you are giving up in return for what you are getting back. I'm talking about the money you spend for goods and services.

What most people fail to realize, is that when you spend money for a product or service for which the value diminishes with time and use, you are simultaneously giving up two things.

First, you are giving up the number of hours you had to allocate to work in order to earn the after-tax, after-work-related-expense income to make the purchase.

And second, you are giving up the right to earn interest on that money ... for the rest of your life.

Therefore, the secret to budgeting finances in a way that serves to maximize the financial and emotional returns on the money you spend, is to know ahead of time:

  1. How many work-hours each expenditure will cost you.

  2. The amount of interest earnings you will forfeit.

Becoming fully aware of those two figures is the only way you can predetermine if what you get from an expenditure is worth what you are giving up in the process.

Otherwise, if what you give up in exchange for what you get is not important to you, then I will gladly give you $100 for every $1,000 you give me.

With that, let's use the Eye-Opening Budgeting Tool to translate an expenditure into its daily, weekly, monthly, annual, work-life, and lifetime equivalents, and then calculate what you are giving up in terms of work-hours and lost interest earnings.

Budgeting Tool for Personal Budget Planning
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Instructions: Enter your current age, retirement age, and life expectancy age. Next enter your expected return on your investments and your real hourly wage.

Next enter an expenditure name, amount, number and frequency, then click the "Translate Budget Item Expenditure" button.

Mouse over the blue question marks for a further explanation of each entry field. More in-depth explanations can be found in the glossary of terms located beneath the Eye-Opening Budgeting Tool.

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Decision Making Data
Help Current age (#):
Help Retire age (#):
Help Life expectancy age (#):
Help Expected percentage return on investments (%):
Help Real hourly wage ($):
Budget Item Amount Times Frequency
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Budget Item Translation and Opportunity Costs
Time Period Dollar Amount Work Hours Lost Interest Earnings Total Cost
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Help Work years:
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Eye-Opening Budgeting Tool Glossary of Terms

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Current age: Your current age. The budgeting tool will use your current age to calculate the lost interest earnings for each expenditure time frame.

Retire age: The age you plan to retire at. The budgeting tool will use your retirement age to calculate the lost interest earnings for each expenditure time frame.

Life expectancy age: The age you expect to live until. The budgeting tool will use your life expectancy to calculate the lost interest earnings for each expenditure time frame.

Expected percentage return on investments: The annual percentage return you expect to earn on your investments. The budgeting tool will use your expected return on investment (ROI) to calculate the lost interest earnings for each expenditure time frame.

Real hourly wage: This is your after-tax, after work-related expense income divided by the number of hours you allocate to work in exchange for that income. The budgeting tool will use your real hourly wage to calculate the number of hours you will need to allocate to work in order to earn the after-tax, after-work-related-expense income needed to cover each expenditure time frame.

Expenditure entries: This is where you enter the name of the budget item, the amount you typically pay at one time, and the number of times you pay that amount for the selected time period. So, if you buy a $3 cup of coffee 2 times per day, 5 days a week, you would enter "Coffee" for the name, "3" for the amount, "10" for the times, and select "per week" from the frequency menu. The budgeting tool will then translate that amount into its daily, weekly, monthly, annual, work-life, and lifetime equivalents.

Each result row: This row lists the amount of each expenditure, followed by the number of work-hours required to earn the amount, and the interest income you are losing by not investing the amount of each expenditure. The last column is the total of the dollar amount and the lost interest income between now and when you expect to retire.

Daily result row: This row lists the average you spend on this budget item per day, followed by the number of work-hours required to earn the daily amount, and the interest income you are losing by not investing the daily cost of this expenditure. The last column is the total of the daily dollar amount and the lost interest income between now and when you expect to retire.

Weekly result row: This row lists the average you spend on this budget item per week, followed by the number of work-hours required to earn the weekly amount, and the interest income you are losing by not investing the weekly cost of this expenditure. The last column is the total of the weekly dollar amount and the lost interest income between now and when you expect to retire.

Monthly result row: This row lists the average you spend on this budget item per month, followed by the number of work-hours required to earn the monthly amount, and the interest income you are losing by not investing the monthly cost of this expenditure. The last column is the total of the monthly dollar amount and the lost interest income between now and when you expect to retire.

Annual result row: This row lists the average you spend on this budget item per year, followed by the number of work-hours required to earn the annual amount, and the interest income you are losing by not investing the 1-year cost of this expenditure. The last column is the total of the annual dollar amount and the lost interest income between now and when you expect to retire.

Work years result row: This row lists the amount you will spend on this budget item between now and when you retire, followed by the number of work-hours required to earn the pre-retirement amount, and the interest income you are losing by not investing the pre-retirement cost of this expenditure. The last column is the total of the working-years dollar amount and the lost interest income between now and when you expect to retire.

Life years result row: This row lists the amount you will spend on this budget item between now and your life expectancy, followed by the number of work-hours required to earn the lifetime amount, and the interest income you are losing by not investing the lifetime cost of this expenditure. The last column is the total of the lifetime dollar amount and the lost interest income between now and your life expectancy.

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