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Do you have "FU money"? Find out.
- lquist 14y agoHmm... "You could quit now and run from savings for about 1 year (16 months)"
- jaredsohn 14y agoA problem with this calculator is that it doesn't consider how your expenses could change if you quit your job and work on something on your own instead. I think the big differences are: how much more would you have to pay for health insurance (esp. if you aren't including it on the income side)? and what would you need to pay for office space (such as coworking)? Also, your burn rate could increase a little more if you want to continue doing things that have annual limits (such as contributing the maximum amount to your Roth IRA each year).
- mpeg 14y ago"about a month", sigh. :(
- digitist 14y agohow is this on the front of hn?
- pcurve 14y agoHere's more useful version of FU calculator. Just don't omit % sign when you fill in your own values. http://blog.makezine.com/2007/08/05/investment-spreadsheet-20/ http://blog.makezine.com/2007/08/05/investment-spreadsheet-2... Click FU Money Template google doc link below.
- mgkimsal 14y agoUmm... the monthly savings don't accumulate. It's just taking the current savings / the outgoing. Having your monthly income is pointless in this calculator.
- windsurfer 14y agoNo kidding. I decided to fix it: http://abielinski.com/fumoney/ http://abielinski.com/fumoney/
- mgkimsal 14y agoPlayed with it. What would be even better is to be able to input a number of months you're looking for (240? 360?), and determine how many months of current income/outgo will net you that. Per your calculations, I have 'infinite', but that's not really FU money, because I have to keep having monthly income (from work) to sustain that.
- windsurfer 14y agoRight, so if you quit (and didn't have any residual income) you would enter in "0" for the income.
- xarien 14y agoI ran a quick litmus test. I used 6k in and 6k out with 120k in savings. The calculator told me I could afford to run a business for 20 months... /boggle
- sanswork 14y agoYou'd be quitting your job so you would lose the 6k in.
- windsurfer 14y agoSo what's the point of writing how much you're making?
- mgkimsal 14y agoexactly - there's none. that number isn't used in the equation - it's used only to tell how much you're 'saving' each month, but doesn't add that surplus to the savings.
- windsurfer 14y agoOkay, I made one where it is used: http://abielinski.com/fumoney/ http://abielinski.com/fumoney/
- xarien 14y agoIf it's not residual income, it's a pointless sample...
- lauraura 14y agoOne thing these calculators seem to be missing is side-money: like, let's say I'm earning some recurring income outside of my job (from a website or app or something), and quitting my job wouldn't mean losing that income. It'd be nice if they had an input box for that kind of income too.