Estimate your future expenses Calculator
Welcome to our Estimate your future expenses Calculator!
If you had the opportunity to find out what your living expenses will be in, say, ten years, would you be interested? Wouldn�t that give you a heads-up in planning your finances ahead, so that you can always stay ahead in the game?
It is with this in mind that we proudly present the Future Expenses Estimation calculator. This calculator will help you to calculate how your monthly expense will uptrend in the following years starting in the present.
So, what are the parameters this calculator consider when deducing this figure?
Let�s start with the obvious � current monthly expenses. Once you have entered that into its respective field, take a look at the choices for expected standard of living � Unchanged, Increase, and Decrease. These buttons refer to your future standard of living. You select the button that feels right.
If you select either the Increase or Decrease button, the respective field becomes active. You enter the rate at which your standard of living will increase/decrease. If you select Unchanged, this field will be deactivated.
Once that is done, enter the number of years after which you want to find out your living expenses. In the final field, enter the average rate of inflation you expect in the intervening time period.
Once you have entered all these relevant information, you will see the result in the bottom left corner. And we might as well warn you right now, chances are that it will not make for pretty reading.
The Future Expenses Estimation calculator is not an exercise in schaedenfreude. We believe that we can better prepare you for the simple facts of life such as inflation and how much it can affect future expenses. This will give you invaluable time to get prepared, to save for that rainy day, to invest wisely to ensure that you do not need to compromise on the things that matter in your life.