Canada’s Office of Consumer Affairs - Spending Smarter

e-mail

Each week most people spend quite a bit of money on small items they may not even recall once the week has gone by. This calculator shows the potential impact of saving that money instead.

(Calculator | Tips | Definitions | Application Notes)

Your Information
(Modify the values presented below according to your needs)
How old are you today?
At what (future) age do you plan to retire?
Expected Inflation Rate (p.a.)				%
Expected (nominal) Investment Return (p.a.)				%
	Quantity	Weekly or Daily	Per Unit, Cost	Total Today
Pack of Cigarettes			$	$
Cup of Coffee			$	$
Half-dozen Donuts			$	$
One Lottery Ticket			$	$
Eating-out Lunch			$	$
Magazine			$	$
Other Habits			$	$

Your Result
Total Weekly Discretionary Habit Spending.			$
Total Spent Until Retirement			$
Future (nominal) Value if You Save Instead			$
Estimate Upon Retirement
	Per Unit, Cost	If you refrain today, how many units can you afford per WEEK in retirement?
Pack of Cigarettes	$
Cup of Coffee	$
Half-dozen Donuts	$
One Lottery Ticket	$
Eating-out Lunch	$
Magazine	$
Other Habits	$

We wish to thank York University Professor Moshe A. Milevsky, and researchers at the Individual Finance and Insurance Decisions (IFID)Centre, a non-profit corporation, housed at the Fields Institute in Toronto, for developing the content of this calculator.

Common menu bar links

Spending Smarter - Daily Spending Calculator

Your Information

Your Result

Estimate Upon Retirement