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Mainstreet:, What Shopping Really Costs You

NEW YORK (MainStreet) – How much is your holiday shopping really worth to you?

The average American will need to work 7 days, 2 hours, 19 minutes and 17 seconds in order to pay for holiday shopping this year, and that’s assuming you have no other major expenses.

This statistic comes from, a new site that helps users determine the exact amount of time they would have to work in order to afford a particular product.

In order to come up with this number, we plugged in the average amount each consumer is expected to spend this holiday season ($688.87), the average hourly wage nationwide ($22.75), and we assumed they would work a full 40-hour week. DaystoPay then automatically calculates takes out Federal taxes to determine how much money you’ll actually take home.

The site also allows you to factor in other major expenses you have that month so that you can accurately represent the money you have on hand. So if, for example, you spend $1,500 a month on rent, food and clothing, it would actually take you a little more than 13 days, or nearly twice as long, in order to pay for your holiday spending.

Consider it a wake-up call. DaystoPay helps consumers feel guilty before they make a purchase, rather than after.

Want an iPad? The average person would need to work more than five days in order to get the cheapest one ($499). Want a Porsche 911 Carrera (MSRP $96,800) for your mid-life crisis? Fine, but just know if you earn the above salary, you would have to work 1,889 days, 6 hours, 21 minutes and 54 seconds. And again, that’s assuming you have absolutely no other monthly expenses. But hey, at least you’d have a Porsche, right?

All this site needs now is a smartphone app and it could destroy impulse buying for good.

Original Article:


What's the world saying about our applications?

"It's actually a genius lesson in how to manage your spending money."

- Glamour Magazine


...if you take the added interest that accrues on the increased balance of your debt into account, over time that price quickly grows—and that's the dollar amount The Real Damage focuses on.



A free online calculator at may help you say no to new spending...

- Wall Street Journal


Do you have a big screen TV on your Santa wish list? How about an Xbox 360, or a new iPad? You might rethink some of those wishes once you check a new website.