![]() Entertainment: Under this category, include the amount you regularly spend on entertainment activities per month, both at-home, such as television and internet subscriptions, and away from home, such as concert tickets, movie passes, or social events.Pets: If you have a furry friend, fill in this field with monthly expenses for food, medicine, grooming, or veterinary bills.Health Insurance: Enter costs for health insurance if you don’t receive your coverage through your employer, including medical, dental, and vision plans.If you regularly contribute more than the minimum payment, be sure to include the total estimated amount. Credit Cards & Loans: Make sure all minimum credit card and loan payments are accounted for.If you commute by public transportation, include ticket pricing or pass subscriptions. If you drive a car, include auto payments, insurance costs, and gas expenses. Transportation: Enter your total monthly costs for day-to-day transportation.If you regularly eat out at restaurants, estimate and include those expenses. Food: Consider grocery bills or food subscriptions.If you pay renter’s insurance, include those costs here, as well. Housing: Enter your total monthly rent or mortgage payments, including utility bills such as gas, electric, trash, and water.Now let’s take a look at your average monthly expenditures, including both fixed and variable costs. Other: Be sure to consider supplementary sources of income as well, such as freelance payments, alimony checks, investment payouts, or child support, and enter in the cell to the right.Salary & Wages (After Taxes): Your net monthly income is the money you bring home after This is the amount on your paychecks - your wages minus federal taxes, Social Security, Medicare, insurance costs, retirement contributions and any other benefits.This section of the budgeting calculator covers any money you’re bringing in, including your main source of income and any supplementary sources of cash flow. Note: If you’re entering variable costs that change month to month, enter your best estimate. Our free budget calculator is divided into three main areas: monthly income, monthly expenses, and monthly savings. Fill in the required information in each field and we’ll do the math for you. It is always worth being realistic about the figures posted.Our budgeting calculator is simple to use. Other costs will vary, especially for Birthdays, holidays, Christmas and any exceptional circumstances. Some entries are easy to post and are the same each month, like monthly direct debits. Start by looking at your previous year’s figures and decide if they will change this year. It will include things like car servicing, a cup of coffee while you are out, and clothes shopping. When setting up your budget, you must be realistic about your spending and look at your costs. It can assist in finding where savings can be made lots of useful websites can show you the best way to reduce your outgoings one of our favourites is Money Saving Expert. Seeing your accounts on one page can help to achieve this. Keeping costs down can be critical, especially if finances are tight, saving for something or paying off debt. Not only can you set up a budget on one page for the year, but by adding your actual banking of income and expenses month by month, you can compare your budgeting with actual figures. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |