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About the Redesign

If you visited this site prior to September 15th, 2018, you've no doubt noticed that I've since launched a complete redesign of the website.

If you're not happy with the new design, I sincerely apologize. I would have preferred to keep the old desktop design, but considering the majority of my site's users are now accessing the site from small-screen, touch-enabled, mobile devices, and considering Google is now penalizing websites for not being mobile/thumb friendly, I was left with no choice but to switch to a responsive, mobile-first design.

The good news is that now that I have combined the three separate versions of the site (mobile, desktop, and ad-free member) into a single design, this will free up a ton of my time for working to make the mobile-optimized calculators more desktop/laptop friendly. In fact, some of the redesigned calculators already offer a desktop-optimized form that becomes visible when you increase the width setting of the calculator (within the "Calculator Preferences" expandable panel).

Thank you in advance for your help and patience as I work to improve the redesign.


Calculator Preferences
Personal Asset Depreciation Calculator Sign

Personal Asset Depreciation Calculator

This calculator will calculate how much you need to set aside each month to replace assets as they wear out (appliances, power equipment, motorized vehicles, home components, etc.). This will enable you to pay cash for the replacements instead of having to increase your debt. Also calculates individual and combined opportunity costs created by depreciation expenses. The Learn tab includes:

  • What are depreciable assets?
  • What makes depreciating assets such sneaky budget-busters?
  • How to fix your budget woes.
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
Start:Start:Start month and year:Start month and year:

Start month and year:

Select the month and year you would like to begin your asset replacement preparation plan.

Wage/hrHourly wageReal hourly wageReal hourly wage:

Real hourly wage:

Enter your Real Hourly Wage, which is your after-tax, after work-related expense, hourly wage. Enter as a dollar amount, but without the dollar sign and any commas. Clicking on the link in this row will open the Real Hourly Wage Calculator in a new window.

ROI %:Invest %:Rate of return on invesments:Interest rate you expect to earn on your investments:

Interest rate you expect to earn on your investments:

Enter the average annual interest rate you would expect to earn on your investments. Enter as a percentage, but without the percent sign.

The calculator will use this rate to determine the potential future value of the funds that are being used to purchase depreciating assets instead of appreciating investments.

Also keep in mind that funds diverted from depreciating assets can be used to pay off high interest debt -- thereby increasing the opportunity cost of buying and maintaining depreciable assets.

Opp cost yrs:Opp cost years:Opportunity cost years:Number of years to calculate opportunity costs for:

Number of years to calculate opportunity costs for:

Enter the number of years you would like the calculator to calculate opportunity costs for. Typically this would be the number or years between now and when you plan to retire.

Enter/Edit/Delete AssetsEnter/Edit/Delete AssetsEnter/Edit/Delete AssetsEnter/Edit/Delete Assets

Enter/Edit/Delete Assets:

To add an asset, complete the 7 fields, tap the "Calculate Stats" button, and then tap the + button (may also appear as "Add" or "Add Asset" depending on the width of your device).

To edit an asset in the list, select the entered asset from the menu. This will load the asset into the form for editing. When you're satisfied with the changes you've made, tap the "Calculate Stats" button and then tap the S button (may also appear as "Save" or "Save Changes" depending on the width of your device).

To delete an asset from the list, select the entered asset from the menu. This will load the asset into the form for deleting. Tap the button (may also appear as "Delete" depending on the width of your device).

To clear the form to create a new asset entry, tap the C button (may also appear as "Clr" or "Clear" depending on the width of your device).

Important! The entered assets are saved in your device's random memory (temporary storage), which means that if you surf to another calculator or close this browser window you will need to re-enter your assets.

Asset list:

Each entered asset will appear in this menu as you enter them, sorted by the asset name.

To edit or delete an entered asset, select the asset from the menu and the calculator will load the asset's saved variables into the appropriate fields below this line. You can then either edit and save the changes, or you can delete the asset from your list.

Asset name:Asset name:Asset name:Asset name:

Asset name:

Enter the name of the asset, preferably using 20 characters or less. The asset list will be sorted alphabetically, so if you want the list to sort by location, for example, begin the name with an abbreviation (LR Television, LR Ceiling Fan, etc., for Living Room Assets). If you want to sort by numbers, be sure to include leading zeros (001, 002, 003, etc.).

Resale value:Resale value:Current resale value:Current resale value:

Current resale value:

Enter the amount you think you could sell the asset for right now. Enter as a dollar amount but without the dollar sign and any commas.

You can get a good idea by referring to classified ads or by visiting second-hand stores that sell the asset.

Amt owed:Amount owed:Balance owed on asset:Balance owed on asset:

Balance owed on asset:

If you are making payments on the asset, enter the current principal balance of the loan. Enter as a dollar amount but without the dollar sign and any commas.

Replace cost:Replacement cost:Future replacement cost:Future replacement cost:

Future replacement cost:

Enter your best estimate of how much it will cost to replace this asset at the end of its useful life. Enter as a dollar amount but without the dollar sign and any commas.

You can get a good idea by looking up the prices on online stores, and then adding amounts for inflation, taxes, shipping fees, delivery charges, extended warranties, etc.. It's always best to estimate expenses high and have money left over than the other way around.

Years old:Asset years old:Age of asset in years:Current age of asset in years:

Current age of asset:

Enter the current age of the asset in number of years. Enter zero if the asset is brand new or if it has not yet been purchased.


Years left in useful life:

Enter the number of years you expect the asset to last. The total of the current age of the asset and the remaining useful life should add up to the life expectancy of the asset if purchased new.

Note that the end of an asset's useful life is typically when the repair costs add up to more than the salvage value (cost more to repair than the asset is worth). If you're not sure how long a type of asset typically lasts, tap the button in this row to open a Useful Life reference tool.

Useful Life Examples: Select a category from the menu above for a list of useful life examples for the category.
Salvage val:Est. salvage value:Estimated salvage value:Estimated salvage value:

Estimated salvage value:

Enter the amount you believe you could sell the asset for at the end of its useful life (expected trade-in value, scrap value, junk dealer value, etc.). Enter as a dollar amount but without the dollar sign and any commas.

Monthly exp:Monthly expense:Monthly depreciation expense:Monthly depreciation expense:

Monthly depreciation expense:

This is how much you will need to set aside each month in order to replace the asset using cash instead of credit. Keep in mind that this expense is on top of any monthly payment you are currently making on the asset.

Work hours:Req. work hours:Required work-hours per purchase:Required work-hours per purchase:

Required work-hours per purchase:

This is how many work hours you will be exchanging for the asset each time you need to replace it.

Cash value:Net cash value:Current net cash value:Current net cash value:

Current net cash value:

This is the difference between the current cash value and any balance owed on the asset.

Work-hr val:Work-hour value:Work-hour value:Work-hour value:

Work-hour value:

This amount represents how many hours you could take off from work (discretionary time) if you sold the asset and used the proceeds to purchase essential goods and services instead of allocating that time to working in order to pay for them.

Potential FV:Potential future val:Potential future value:Potential future value:

Potential future value:

This amount represents the future value of the savings that would occur if you sold the asset and never replaced it. In other words, if you invested the proceeds of the sale, along with the monthly depreciation savings, this is how much your investment would be worth based on the interest rate and length of time entered in the top portion of the calculator.

Work hours:Future work-hours:Potential future work-hours:Potential future work-hours:

Potential future work-hours:

This amount is the potential future value divided by your net-hourly wage. In other words, if you sold the asset and never replace it, and then invested all saved amounts, at the end of your entered investment term you can use your investment to purchase essential goods and services instead of having to work this number of hours to pay for those goods and services.

Show report type:

Select the report type you wish to display and or print. You can change your selection at any time and the selected report will be displayed below this line.

Each report type will be following by a button to create a printer friendly version of the report.

Note that for the 4th option you will need to first select an asset from your entered list at the top of the previous section.

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


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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