True Cost

True Cost


Mindful Spending


FreeOffers In-App Purchases

2022.1for iPhone, iPod touch
9.9
2 Ratings
Viktor Gavrilov
Developer
1.5 MB
Size
Sep 7, 2022
Update Date
Finance
Category
4+
Age Rating
Age Rating
4+
Apps in this category do not contain restricted content.
9+
Apps in this category may contain mild or occasional cartoon, fantasy or real-life violence, as well as occasional or mild adult, sexually suggestive or horrifying content and may not be suitable for children under 9 years of age.
12+
Apps in this category may contain occasional mild indecent language, frequent or intense cartoon or real-life violence, minor or occasional adult or sexually suggestive material, and simulated gambling, and may be for children under 12 years of age.
17+
You must be at least 17 years old to access this App.
Apps in this category may contain frequent and intense offensive language; Frequent and intense cartoon, fantasy or realistic violence: frequent and intense adult, scary and sexually suggestive subjects: as well as sexual content, nudity, tobacco, alcohol and drugs, may not be suitable for children under 17 years of age.
True Cost Screenshots
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About True Cost

True Cost will help you to evaluate your spendings not in abstract dollars, euros or other currencies, but in units, understandable to everyone. You will be able to evaluate them in time units, which you need to earn this money.

Money made a huge contribution in humanity development – without it, trading and labor specialisation we could not reach the current level of well-being. But with advantages there are also some negative factors – we lost a direct link between time spent to earn money and products and spendings, for which we pay with the money. Non-cash money and credit only exacerbated this problem. It is hard for us to adequately perceive virtual cash amounts and convert them in working hours or days, which were required to get this money.

Thus it is better to spend several seconds and calculate the True Cost of planned purchases or spending

For more accurate calculations it is better to subtract your obligatory monthly spendings (housing, food, transportation, etc.) from your salary. You could do it in Settings. 

Expenses view allows you to value monthly expenses and shows how much "free" time you have.

Cheat Sheet will help you to remember real value of your times, so you will be able to make simple and approximate calculations in your head.

Also since we usually increase our spending with increases in salary, it could be a good idea to make these calculations not with the current salary, but with the previous one, or even the first one. 

Those, who are fortunate and successful enough and want to spend more consciously, could set as a Salary some lower amount, for example, average for the city or country, or maybe salary of your parents. This way previously minor purchases will be more significant. 

Since information about Salary and Spending amounts is very sensitive, you could protect it with a password (or with TouchID or FaceID).
All data is stored only on your device.
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What's New in the Latest Version 2022.1

Last updated on Sep 7, 2022
Old Versions
- bug fixes
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Version History
2022.1
Sep 7, 2022
- bug fixes
2020.5
Dec 2, 2020
- dark theme
- new color and date pickers
- other improvements and bug fixes
2020.4
Aug 3, 2020
- bug fixes
2020.3
Jul 29, 2020
- add images and notes to your goals
- comparison of expenses with goals
- create your own custom units and evaluate expenses in these units
- updated design
2020.2
Apr 28, 2020
- create, track and achieve your financial GOALS
- add names to your cheat times and amounts
2020.1
Jan 28, 2020
- improved currency selection
- bug fixes and other minor improvements
1.1
Dec 14, 2019
- Expenses view allows you to value monthly expenses and shows how much "free" time you have
- switch between calculations based on salary and based on net income
- design improvements
1.0
Dec 6, 2019

True Cost FAQ

Click here to learn how to download True Cost in restricted country or region.
Check the following list to see the minimum requirements of True Cost.
iPhone
Requires iOS 14.0 or later.
iPod touch
Requires iOS 14.0 or later.
True Cost supports English, Russian
True Cost contains in-app purchases. Please check the pricing plan as below:
Remove ads
$1.99

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