MUI, Fifty Dollars, One Hundred Dollars discussed on Radical Personal Finance

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Let me help you answer that question let's pretend that your electric bill is a hundred and fifty dollars per month take a hundred and fifty dollars this month and divide it by usually what i do is divided by thirty point five if you remember that many months' some months have thirty days some months have thirty one and february of course has twenty eight fight use thirty point five is my easy number that winds up with three hundred and sixty six days which is close enough to take a hundred and fifty dollars and divide that by thirty point five and you wind up with four dollars ninety two cents severe electrical bill costs you a hundred and fifty dollars per month that means it's day you're spending about five dollars to light and heat and cool your home now i don't know if for you that would be a high number or alone number i don't know if you would consider that to be a worthy expense or not a worthy expense but it's a number that you should know and that you should know not immediately you should at least be able to connect with it so he would be another example of a question how much does your household cost you on a daily basis now this is much simpler if you rent admitted mui said of household how much does your dwelling place cost you on a daily basis this is much simpler if it's a rental cost because we can just measure pure cost assume for a moment that you're rent is fifteen hundred dollars per month assume that your electrical bill is a hundred and fifty dollars per month assume that your water bill is one hundred dollars per month assume that your cable tv and or internet and or satellite bills total one hundred dollars per month and right now we're at one thousand eight hundred and fifty dollars per month now you may have a couple more bills but let's just go with that one thousand eight hundred and fifty dollars per month your normal monthly cost how much is that per day will divide by thirty point five and you have the number of sixty dollars and sixty six cents per day.

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