ST Alpha - "how much are daily small purchases costing you? the Latte Factor Calculator tells you (does stuff other than coffee - magazines, bottled water, " (Reading a Post)

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how much are daily small purchases costing you? the Latte Factor Calculator tells you (does stuff other than coffee - magazines, bottled water,

Posted by Andie (aka Andie) Nov 16 '11, 07:19

fast food, etc)

eye opening (finishrich.com)

Responses:

Our worst expense is probably eating out. -- nm - JaxSean Nov 16, 07:42 1
- well, maybe if you did it with your wife instead of hookers? nm -- nm - Vulgar Professional Nov 16, 07:45
[deleted] 3
- "I buy lunch, dinner, protein shake" you forgot something in that list - decline Nov 16, 07:38 2
  - [deleted]
  - what do you think is in the "protein" shake? -- nm - znufrii Nov 16, 07:39
$0. i dont buy that stuff daily. -- nm - tRuMaN Nov 16, 07:22 3
- that's excellent. (it also gives you weekly or monthly, like if you buy magazines or something) -- nm - Andie Nov 16, 07:23 1
  - when I went through a period of unemployment, I got that under control. (so where's all my money now? sheesh) -- nm - loosilu Nov 16, 07:24
- same here. -- nm - loosilu Nov 16, 07:22
$0 - znufrii Nov 16, 07:21
for instance, instead of buying a $2 snack every day, if you put that away, you could have$ 119,754.81 in 40 years. -- nm - Andie Nov 16, 07:21 21
- well, assuming a 6% interest rate, which most people don't get these days. -- nm - loosilu Nov 16, 07:23 18
  - 6% is actually a reasonable rate to use. back when I was still some sort of economist it was the average cost of capital over the last century or so. - mafic Nov 16, 07:47
  - sure, not getting 6% short term, but 6% for a very long term horizon is extremely reasonable -- nm - decline Nov 16, 07:35
  - OFFS. - Will Hunting Nov 16, 07:24 13
    - oh goodie, looks like it's going to be another one of those Will days. -- nm - loosi si Nov 16, 07:39 1
      - heh. nm -- nm - Vulgar Professional Nov 16, 07:43
    - I don't really think it's nitpicking. If they're actually using a 6% interest rate, it diminishes their whole point. -- nm - mara Nov 16, 07:27 9
      - It's a variable slide bar....you can select anywhere from 1-20%. And given that the historical ROI in the market is 10-11%...it's not at all out of - Will Hunting Nov 16, 07:30
      - YOU choose the interest rate. the default is 6. you can make it anything. -- nm - Andie Nov 16, 07:29 7
        
        Ah, sorry, was just going by your numbers. -- nm - mara Nov 16, 07:41 6
        
        it was an example. - Andie Nov 16, 07:43 5
        
        Well, if you're going to do that, tell me where I can get that 6%! :-) -- nm - mara Nov 16, 07:45
        
        just do better, Andie. - TFox Nov 16, 07:44 2
        
        seriously. (erases andrea's name from "most improved poster" ballot.) -- nm - foolish prophet Nov 16, 07:45 1
        
        *shakes head* - Vulgar Professional Nov 16, 07:45
        
        you know better than to post something that is not totally idiot proof. nm -- nm - Vulgar Professional Nov 16, 07:44
    - jeez, sorry. -- nm - loosilu Nov 16, 07:25
  - oh, then, forget the whole thing. -- nm - Andie Nov 16, 07:23 1
    - not saying that . just saying it's not as dramatic as they're making it look. -- nm - loosilu Nov 16, 07:24
- and be *starving*. -- nm - TFox Nov 16, 07:21 1
  - but skinny! :) -- nm - Andie Nov 16, 07:35

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how much are daily small purchases costing you? the Latte Factor Calculator tells you (does stuff other than coffee - magazines, bottled water,

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