Have you heard of the “latte factor” — that wealth can be gained by not buying lattes? It's simplistic but true. You can achieve your budget goals one less coffee, cocktail, or manicure at a time.

The calculator below helps you be more thoughtful about your purchase decisions. Perhaps it's the bagel and coffee you get every day as you run to work, when you know you could make yourself breakfast at home. Or maybe it's the gym membership you barely use. Whatever it is, just plug in the item, its price, and how often you buy it, and see what else you could have if you cut that spending out of your budget.

Use the calculator whenever you want to make sure you're spending your money on what you really want.