Lifestyle Calculator
Find out how much money you really need to live your ideal lifestyle. It’s not as much as you might think!
We all have dreams.
Maybe you want to travel the world, become financially independent, work on a passion project, or even just spend more time with your family.
Do you know what prevents us from realizing those dreams?
How you spend your money is out of alignment with those dreams and how you were told to work is out of alignment with who you really are!
I bet you know how much money you made last year, but do you know how much money you spent and on what???
If you want to live your dreams and work on your terms, you need to align your financial habits with your goals.
Here’s the first step: use our Lifestyle Calculator to compare your current finances with those of your ideal lifestyle.
How much do you really need to make each month to support your ideal lifestyle?
How quickly you can get out of debt if you change your spending habits and income opportunities?
What are your approximate income goals as you design work that works for you?
How can you identify and cut unproductive spending that is out of alignment with your dreams?
How to Use the Lifestyle Calculator
To use our Lifestyle Calculator all you need to do is plug in your numbers in the spreadsheet we created for you.
All the formulas are already built into each worksheet. If you need additional rows on any of the worksheets, just insert them! If you have any questions about using it, please contact us.
#1 Spending Assessment
The first 2 worksheets are dedicated to all of your expenses. Fill out all of your monthly expenses on the first worksheet and all of your “unplanned” or irregular expenditures over the past year on the second worksheet.
#2 Debt Assessment
On the third worksheet, list the total amount of each type of debt you currently hold in the top section. On the bottom half of the sheet, list your current monthly payment for each debt. At the very bottom, you can plug in the number of months when you want to be debt free to see how that changes your total monthly debt payment.
#3 Business Expenses
If you currently work for yourself or plan on starting a business, use the fourth worksheet to list or project all the expenses required to run your business.
#4 Ideal Lifestyle Expenses
On the fifth and final sheet, do your best to describe what you want from your ideal lifestyle and estimate each expense.
Many times we hold ourselves back from what we really want because we think we can’t afford it, but have never taken the time to understand how much it costs or to explore our options to find less expensive alternatives.
List stuff you want (physical possessions), experiences you want (trips, learning something new, entertainment, etc.) and how you want to feel (your physical, mental and emotional wellbeing).
This exercise might be a reality check for some, but it’s not intended to freak you out! Your dreams can’t become reality until they are grounded in reality.
The real goal here is to bring more awareness to how you make and spend money, so you can bring your financial activities and habits into alignment with your ideal lifestyle.