How much will my expenses be worth after inflation? – Inflation Calculator
Ever wondered how much a morning cup of coffee would cost you after 15 years? Did it ever cross your mind how much your groceries will cost when you start a family after 5 years? Been saving up for that dream car yet never being able to cope with the price hike? Try using this Inflation Calculator to find out.
Reality Check: Inflation
Inflation is sneaky because it can slowly degrade the purchasing power of your money. The same things you buy today will not be worth the same in the future. Believe it or not, your money loses its purchasing power every single day. So the future amount you’ll need will be higher to be able to buy the same things at present value.
Use this calculator to compute for the future value of your expenses:
Note: Please input a whole number in the Inflation Rate field (eg. 1%, 2%, 3%, 4%, 5%). Placing a decimal number might generate an inaccurate calculation.
How to Use our Calculator
- Amount Today – the present value of your money.
- Inflation Rate – your country’s current inflation rate.
- Number of Years – number of years to compare the present and future value.
Financial literacy is one of the least priorities of Filipinos. But with all the financial worries a working Filipino encounters, it just goes to show that financial security is one of the most important aspects in life. Money Monkeys has a series of financial tools, articles and calculators that aim to aid the average Filipino in computing and assessing their future financial needs.
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