The Future Expenses Estimation calculator is provided to 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.. Happy Calculating! Happy Future Planning !
E.g. Present Monthly expenses of Mr. A is Rs. 21000/-. He has planned about his addtional monthly future expenses of Rs. 8000/- that may start after 12 months viz. EMI of Rs. 4500/- for buying a car + monthly fuel expenses Rs. 1500/- + Rs. 2000/- school fee of his second child.
The calculation that Mr A can have :- The estimate of monthly expenses of Mr. A after 60 Months(5 years) with taking into account of inflation @7% will be Rs. 39940/- with addtional Rs.8000/- of montly expenses that will start after 12 months from now and without consideration of this addtional expenses the estimate of his monthly expenses after 60 Months on inflation @7% will be Rs. 29454/-. On the basis of present monthly expenses of Rs. 21000/- and on presumption of @7% inflation, the estimate of monthly expenses of Mr. A after 12 months is Rs. 22470/-. The reason of increase is the impact of inflation. No one can predict or say the rate of inflation will remain at what level. To make it more clear and show the imapct of inflation, let we take inflation @8% in this case the estimate of expenses after 12 months will be Rs. 22680/- and after 60 months Rs. 30856/- against Rs. 29454/- and Rs. 41740/- against Rs. 39940/-
Note: The calculations of exampple and all the calculations you will see are based on certain assumptions which may not be true in your case. It is just an estimate or projections of calculations. Therefore, we recommend you to consult your personal financial advisor before taking any decision. Maxutils.com or its owner disclaims any responsibility for any decision taken based on the calculations provided on this website..