Real Hourly Wage Calculator

Real Hourly Wage Calculator

The last two week’s posts (Part 1, Part 2) weren’t math based. But what if you prefer a more analytical approach? The Real Hourly Wage (RHW) calculation from the book, Your Money or Your Life (which I highly recommend) and the Financial Integrity Program provides a way to compare the price of a product or service to your time required to make that amount of money. Note, this is a shortened and slightly modified version of the concepts available in the above two resources; if you like this kind of thing, please check them out as well. One of the main points of…

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How To Make A Wall Chart In Excel

How to Make a Wall Chart in Excel

The Wall Chart, as described in the book, Your Money or Your Life, and in the Financial Integrity Program, is a visual representation of your income, expenses, and investment income. When YMOYL was first written the wall chart was made manually with pen, pencil, and graph paper. But technology has changed significantly since then, and using a spreadsheet program such as Microsoft Excel, makes tracking and graphing your finances even easier.   Here's a guide to creating your own Wall Chart using Excel.   Step 1:  Gather at least a few months worth of data: your income and spending, and investment income…

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US vs Canada Food Price Comparison

It’s hard for Canadians to avoid comparing our food costs to American food costs shared online. I’ve always known there was a price difference, but I didn’t know how much of one. So when the opportunity arose to compare food prices in Phoenix, Arizona to Winnipeg, Manitoba I took it. Based on the below chart of food purchases you can see how there is a significant difference between Canadian and US prices. This difference is even more profound when one doesn’t take into account the exchange rate. It is clear that food costs in the US won’t necessarily reflect the…

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