TrueCost may be the reality check for everyone out there who feels like their spending is out of control. It’s a simple app that provides frightening information. All you do is enter in the price of an item and how long you’re going to enjoy it for. Is it a day, week, month, year? TrueCost will calculate how many hours of work it will take you to pay for it and the percentage of your income it will cost. In the app’s setup you can enter in your net income so that can be taken into account. You can also enter in the amount of interest you earn on savings or investments and the app will figure out how much of that interest income you’ll need to pay for your spending.

Two things that I’d like to see in updates – I’d like to be able to enter in whether I am paying cash or using a credit card for the item. If it was a credit card I’d like to see a calculation of the interest I’ll be paying. All in all if you’re looking for something to help you “just say no” to that next purchase this could be it.

Price when Reviewed: $.99

See the app in iTunes

Seller: Partners in Business Excellence

Disclosure: I received a copy of this app for review purposes.


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TheiPhoneMom

We review iPhone apps for moms or anyone else looking to tap into the practical, personal or parenting potential of their iDevice. Oooh! That sounded good! There are over 2,000 app reviews on this site and we’ve seen the market explode over the past few years as developers have realized the potential in apps for parents and their children.

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