Budget Calculator

Plan and analyze your personal budget to achieve financial wellness

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Budget Calculator

Create and analyze your personal budget with our comprehensive budget calculator. Track income, expenses, and savings to achieve your financial goals.

💰 Budget Calculator

Incomes (Before Tax)

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$
$

interest, capital gain, dividend, rental income...

$

gift, alimony, child support, tax return...

% federal + state + local

Housing & Utilities

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$
$
$

home owner, renters, home warranty, etc.

$
$

repair, landscape, cleaning, furniture, appliance...

$

electricity, gas, water, phone, cable, heating...

Transportation

$
$
$
$
$
$

ticket, taxi, registration, etc.

Other Debt & Loan Payments

$

the recurring part to payback balance only

$
$

personal loan, store card, etc.

Living Expenses

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$
$
$
$

laundry, barber, beauty, alcohol, tobacco, etc.

Healthcare

$
$

copay, uncovered doctor visit or drugs, etc.

Children & Education

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$
$
$

book, software, magazine, device, etc.

Savings & Investments

$

before tax contribution

$

before tax contribution

$

stock, bond, funds, real estate, etc.

$

savings, CD, house or major purchase, etc.

Miscellaneous Expenses

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$
$

Including tickets, gym membership, etc.

$
$
$

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📚 What is a Budget?

A budget is an estimate and planning of income and expenditure, and commonly refers to a methodical plan to spend money a certain way.

Generally, budgets are created to reach certain financial goals, such as paying off several credit cards, reaching a certain savings goal, or getting income and expenses back on track. There are many different reasons why people create budgets, and even more ways to go about doing so.

How to Budget

Budgeting can generally be summed up by two things: living within your means and planning for the future. Successful budgeting usually involves having a detailed personal budget and adhering to it.

Living Within Your Means

As simple as it may seem, many struggle to implement it successfully in their lives. Common reasons include:

  • Spending more than income allows - The biggest financial blunder
  • Keeping up with others - Conspicuous consumption pressure
  • Overly relying on credit - Living beyond means temporarily
  • Lacking knowledge - Misinformation about personal finance

Planning for the Future

Proper planning can help predict future financial standing and assist with:

  • Mitigating sudden misfortunes
  • Building emergency funds
  • Managing heavy-debt seasons
  • Preparing for major purchases
  • Managing investments properly
  • Preparing for retirement and education