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Budgeting Tool Reveals Shocking Lifetime Cost of Regular Spending

Calculator Preferences
Budgeting Tool

This calculator will translate any expenditure amount into its daily, weekly, monthly, annual, work-life, and lifetime equivalents, plus show you the work-hours and interest earnings you are giving up in the process. The $ecret tab explains:

  • The secret to budgeting finances for maximum returns.
Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Decision Making Data

Decision Making Data:

This section is for entering decision making data that will be used for any and all spending habits you enter in the next section.

Age:Current age:Current age:Current age:

Current age:

Enter your current age as a whole number.

Retire age:Retire age:Age you plan to retire:Age you plan to retire at:

Age you plan to retire at:

Enter the age you plan to retire at. Enter as a whole number.

Life ageLife expectancyLife expectancy ageLife expectancy age:

Life expectancy age:

Enter the age you expect to live until. Clicking on the link will open the Life Expectancy Quiz in a new window.

Invest ROI:Investment ROI:Return on investments:Expected return on investments:

Expected return on investments:

Enter the annual percentage return you expect to earn on your investments. Enter as a percentage, but without the percent sign (for .06 or 6%, enter 6).

Wage/hrHourly wageReal hourly wageReal hourly wage:

Real hourly wage:

Enter your real hourly wage (RHW), which is the after-tax, after work-related expense wage earned per hour devoted to working. Enter as a dollar amount, but without the dollar sign and any commas. If you do not know your RHW, click the link to open the real hourly wage calculator in a new window.

Spending Habit

Spending Habit:

Enter a spending habit's name, amount per expenditure, and number of times per period, and then select the spending period.

For example, if you have a habit of buying a $3.50 coffee 5 times per week, you would complete the form as follows:

  • Coffee
  • 3.50
  • 5
  • per week

Once you have completed the fields, tap the "Translate Spending Habit" button.

Habit name:Habit description:Spending habit description:Spending habit description:

Spending habit description:

Enter a short description of the spending habit (coffee, dining out, cable, gambling, etc.).

Amount each:Amount each time:Amount spent each time:Amount spent each time:

Amount spent each time:

Enter the amount you typically pay at one time. Enter as a dollar amount, but without the dollar sign and any commas.

Times/period:Times per period:Number of times per period:Number of times per period:

Number of times per period:

Enter the number times per period (on next line) you expend the amount on the previous line.

Period:Spending period:Spending period:Spending period:

Spending period:

Select the period that the number on the previous line pertains to.

Translation and CostsTranslation and Opportunity CostsTranslation and Opportunity CostsTranslation and Opportunity Costs

Translation and Hidden Costs:

This sections shows the spending habit's dollar amount translated to 6 different spending periods.

The Work Hours column shows the number of hours you will need to work each time period to pay for the dollar amount.

The Lost Interest Earnings column shows how much interest you could have earned on the period's dollar amount between now and when you retire (or at your life expectancy, in the case of Life years), if you had invested the amount instead of spent it.

The Total Cost column is the total of the Dollar Amount column and the Lost Interest Earnings column.

Time
Prd
Time
Prd
Time
Period
Time
Period
$
Amt
$
Amt
Dollar
Amount
Dollar
Amount
Work
Hrs
Work
Hrs
Work
Hours
Work
Hours
Lost
Int
Earn
Lost
Int
Earn
Lost
Interest
Earnings
Lost
Interest
Earnings
Total
Cost
Total
Cost
Total
Cost
Total
Cost
Each:
DayDayDailyDaily:
WeekWeekWeeklyWeekly:
MonthMonthMonthlyMonthly:
YearYearAnnualAnnually:
Work yrsWork yrsWork yearsWork years:
Life yrsLife yrsLife yearsLife years:

If you would like to save the current entries to the secure database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated
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Tip

Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.

 

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