It seems that every month I receive a ton of emails from all of you asking me how to figure out how I figure out the percentage I save. (I still have to update my personal saving/spending figures for this month – the figures should be pretty interesting since we had to make a lot of purchases without coupons eek!)
Below is how I figure out the percentage saved each month:
ex. Spent $4.50 at Publix, Saved $10.00
Amount Spent (including tax) + Amount Saved = Total Value of purchase
$4.50 + $10.00 = $14.50 ($14.50 is the total value of the items I purchased)
Amount Spent/Total Value = a decimal (we’ll call the decimal “A”)
$4.50 divided by $14.50 = 0.31
Multiply A x 100 = % Spent of total items purchased
0.31 multiplied by 100 = 31
100 – % Spent = % Saved of total items purchased
100 – 31 = 69% saved
**let me know if any of you have any questions!
You’re calculating pct spent and then subtracting that from 100. Cut out the extra step and just divide amt saved by the total. 10/14.50 = .69
do you include tax in the amount spent?
I just saw that in the post after I asked… sorry!