Spending Calculator - Figures True Cost To Own
When you spend money instead of invest it you choose consumption today over a lifetime of interest income. The total amount of money you spend on consumption plus the forgone interest earnings adds up to the real cost of spending. Warning! This number is much higher than you might expect because of compound interest. Using this calculator encourages thrift and wise spending choices by looking at the lifetime, true cost of a one-time expense today.
Below are a few things to keep in mind: