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.
The website "Days to Pay" was recently featured in the Wall Street Journal and The Consumerist as a great way to see how long it will take you to pay off a purchase.
You simply enter how much you make per hour, or per year, then put in the cost of something you want.
"Days to Pay" subtracts taxes and Social Security, and calculates how many days and hours you'll have to work to pay if off.
Let's say you want a shiny new Apple iPad.
The base model costs roughly $500.
Assuming you make a $30,000 a year, it will take you 12 days and 4 hours of work to pay for that iPad.
Suddenly that big gift may not be so shiny and exciting anymore.
Days to Pay will show you that given that same average salary,
A pair of designed jeans can take 2 days of work to pay off.
A cute sweater? One day.
Plasma TV? Three weeks, in some cases.
The site says it does not share or collect personal information, and you do not have to give your name. It also says it is not trying to hurt businesses, but only let consumers know how much they are really paying for all their cool new gadgets.
You will get ads, however, and may get a queasy feeling after using it...so you don't waste your money.