New YMOYL inspired calculator

[patrickza]

So I got inspired by the "Your Money or Your Life" exercise where you calculate what your actual hourly rate is, and I decided to make an online calculator to do the job for me: http://www.investorchallenge.co.za/com_calc_wire_us.php

Here's an example of someone who makes just under $100k a year ($8000 a month), but has a 20 mile commute in an SUV, a housekeeper, gardener and a kid in daycare. Takes 15 days leave a year, spending on average $100 a day while on leave, eats out cheaply $5 per day, and has a $300 a month gym membership to de-stress from work:

And his results:


I've used the actual work days after taking off leave, and think I've covered all the bases in the calculations. Any thoughts?

[Zamboni]

Nice! I found that particular calculation to be one of the most eye opening things when I first read YMOYL. I also like their wall chart which tracks two lines for monthly expenses and income from stash. I still use that (although it's not on the wall.)