Purchase Analyzer
It's a simple tool that helps you calculate the affordability of an item based on your current financial situation. It's designed to help you make informed decisions about your purchases. Inspired by Ankur Wariko's Video
Purchase Price
Cost Per Use
💰 Financial Journey
Your dream purchase costs ₹10,000,000.00. Let's see how it fits into your financial picture!
This is about 166.7% of your yearly income. That's a big chunk! Let's plan this carefully.
Here's how long it would take to save up, depending on how much of your income you set aside:
- 100% Income: 1 year and 8 months (₹500,000.00 per month)
- 50% Income: 3 years and 4 months (₹250,000.00 per month)
- 20% Income: 8 years and 4 months (₹100,000.00 per month)
- 10% Income: 16 years and 8 months (₹50,000.00 per month)
🌳 This is more of a long-term goal. It's important to make sure it aligns with your bigger financial picture.
📊 Usage Analysis
Daily Financial Impact:
• Your daily income: ₹16,438.36
• Product daily cost: ₹5,479.45 (for 5 years)
• Percentage of daily income: 33.33%
Usage Overview:
• Usage frequency: 1.00 times per day
• Total cost: ₹10,000,000.00 over 5 years
Efficiency:
• Efficiency rating: Poor
💡 Recommendation: This purchase would significantly affect your daily finances. Unless it's absolutely essential or has potential to increase your income, you might want to reconsider or look for more affordable alternatives.
💡 Opportunity Cost
Spending ₹10,000,000.00 now vs. investing for 5 years:
• Potential growth: ₹14,025,517.31
• Opportunity cost: ₹4,025,517.31
• Implied annual return: 7.0%
This opportunity cost is like choosing between this purchase and a significant monthly investment in your future for the next 5 years.
Key points to consider:
1. Personal value: Does the purchase benefit outweigh potential growth?
2. Market factors: Actual returns may vary; inflation affects future value.
Options to think about:
• Delay purchase and invest short-term.
• Find a cost-effective alternative.
🧠💖 Emotional & Social Insight
Ratings:
• Emotional Value: Moderate (5/10)
• Social Influence: Moderate (5/10)
• Overall Impact: Minimal (10/20)
Context:
• Purchase price: ₹5,000,000.00
• % of annual income: 83.3%
💡 This purchase falls in the middle range for both emotional and social factors. At 83.3% of your annual income, take time to reflect on its true value to you. Consider if there are alternatives that might offer a better balance of personal satisfaction and financial prudence.
Remember, true fulfillment often comes from aligning purchases with your personal values and long-term financial health, rather than fleeting emotions or social pressures.
🧮 Fully Loaded Cost
Total cost breakdown:
• Item: ₹5,000,000.00
• Additional costs: ₹5,000,000.00
• Fully loaded cost: ₹10,000,000.00
This equals 20.0 months of your income (166.7% of annual income).
Note: Additional costs are significant. Consider ways to reduce them.
This purchase is substantial relative to your income. Ensure it aligns with your financial priorities.