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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.
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.