Decision tool / can I afford it
Enter the purchase amount, your current balance, upcoming bills, expected income, and target buffer to see how the decision affects what is ahead.
current balance + expected income - upcoming bills - desired buffer = estimated spendable money. Spendable money - purchase amount = remaining after purchase.
A purchase costs $800. With a $2,000 balance, $1,500 expected income, $900 upcoming bills, and a $500 buffer, estimated spendable money is $2,100. After the purchase, about $1,300 remains, so the result is likely affordable.
It checks whether a purchase may fit after expected income, upcoming bills, and the buffer you want to keep aside.
Only include income you are confident will arrive before the bills and spending period you are planning for.
High risk means the purchase would push estimated remaining money below your target buffer, or below zero if no buffer is set.
No. This is a general decision tool and does not take into account your full personal financial situation.
Know what's ahead
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