Ever had this conversation with a spouse?
You: “That’s not in the budget.”
Spouse: “So?”
You: “So, we’re trying to become financially independent.”
Spouse: “Well I’m sure this won’t change much”
You: “Gee, I wish there was an app I could use to help explain this.”
...or this conversation with yourself?
You: “I’d like to get a new car, and it’s only $300/month. How does that affect my future financial freedom? Gee, it sure would be nice to have an app to help me with this decision.”
Good news, folks, this is an Android app that does exactly this. The ‘Pretirement’ app calculates how much a spending decision will change your financial independence date. Here’s how it works:
1. You enter basic financials and assumptions (assets, baseline contributions, expected returns, inflation rates, etc) and it provides your baseline FI date
2. Whenever you are faced with a financial decision (or argument), you open the app and find out how many years/months/days earlier or later that decision allows you to be financially independent
Download for Android and iOS:
The Pretirement AppAs a disclaimer: I’m sure a lot of you mustachians will find the FI date calculation oversimplified, but hopefully the app is still useful for evaluating impacts of spending decisions. I’d love your feedback on any changes/additions that improve its usability for this very financially savvy crowd.