Consumption
Can someone please explain why my current actual consumption is different (greater) than what ESPlanner states I am consuming. Thanks.
Can someone please explain why my current actual consumption is different (greater) than what ESPlanner states I am consuming. Thanks.
Disclaimer: ESPlannerBASIC, ESPlanner, ESPlannerPLUS and ESPlannerPRO, are educational calculators designed to give users input in mapping out financial futures, but should not be acted upon as a complete financial plan. The creators of these programs are not certified, registered, authorized, or any other type of financial planners. These programs are simply tools for helping you think through economic futures. Its "recommendations" should be viewed as informative inputs into your own decision-making with respect to saving and the purchase of life insurance. ESPlannerBASIC, ESPlanner, ESPlannerPLUS and ESPlannerPRO provide neither economic, financial nor tax advice, which can only be delivered to you by authorized professionals.
Remember that ESPlanner Consumpiton column is showing what you *should* be consuming if you want to have a living standard that is as smooth as possible through time. It may also be recommending saving--which would explain why you might be consuming more than is recommended. In other words, ESPlanner is perhaps suggesting that you save more and spend (consume) less if you want to have a smooth living standard through your life.