Having an internet connection at home gives anyone the power to be connected anytime of the day. But it also has some drawbacks. One, it consumes precious time. Instead of cooking my food I am stuck in my computer browsing and surfing. Instead of reading a book I’m stuck reading updates. Instead of having a good night sleep, I’m stuck chatting with friends. Two, it takes away cash from my pocket. I signed up for a broadband unlimited plan because I need it back then. Now that I don’t see the need anymore it takes a good amount in my expense budget.
I checked my expense sheet first before I decided to drop it. I am paying 800php a month for the connection. I used it for a good 8 months and it really served its purpose. Today I’m ready to be disconnected from the monthly bill.
I’ll let you see how I came to a decision.
If I continue my plan for the next 5 years I will be spending 9600 every year. That will be a good 48000php accumulated in the next 5 years. If I am going to invest 9600 every year for the next 5 years and project it 20 years thereafter compounded annually, it will amount to a whopping 658000php. Amazing how 27php per day can contribute to my portfolio 25 years from now.
| Interest rate compounding annualy: 12% | ||
| Savings per Year | 0.12 | Total at the end of the year |
| 9600 | 1152 | 10752 |
| 9600 | 2442 | 22794 |
| 9600 | 3887 | 36282 |
| 9600 | 5506 | 51387 |
| 9600 | 7318 | 68306 |
| | 8197 | 76503 |
| | 9180 | 85683 |
| | 10282 | 95965 |
| | 11516 | 107481 |
| | 12898 | 120378 |
| | 14445 | 134824 |
| | 16179 | 151002 |
| | 18120 | 169123 |
| | 20295 | 189417 |
| | 22730 | 212147 |
| | 25458 | 237605 |
| | 28513 | 266118 |
| | 31934 | 298052 |
| | 35766 | 333818 |
| | 40058 | 373876 |
| | 44865 | 418742 |
| | 50249 | 468991 |
| | 56279 | 525269 |
| | 63032 | 588302 |
| | 70596 | 658898 |
~Till then
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