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Financial Calculators

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Lunch Savings Calculator

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

One of the best ways to increase your savings is to spend less. Even a simple change such as bringing a bagged lunch to work a few times a week can make a difference. This calculator illustrates how a little lunch savings can go a long way.

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Definitions...

Expected Rate of Return - Pre-tax rate of return on investments. For example, the long-term rate of return for the S&P 500 is about 10%.

Years to save - The number of years you are going to save your lunch money.

Eating out lunch price - Average price of your lunch when you buy your meal.

Cost of bagged lunch - Average cost of bringing a bagged lunch from home. Make sure to include the total cost of your lunch. If you buy a drink (instead of packing it) make sure to include that amount here.

Number of bagged lunches per month - The number of lunches you will bring from home each month. The average number of working days in a month is about 20.

Monthly savings - Total you should be able to save each month by bringing your lunches from home.