Home Budget Calculator
Managing a monthly budget can be difficult and frustrating. One of the most important aspects of controlling the budget is to determine where money is going. This home budget calculator helps you do just that. By entering income and monthly expenditures, view how much money is left to save and how much money is being spent. In addition, click the "view report" button to compare the budget breakdown to our targets, which can help identify areas for improvement.
Calculators provided by Bankrate.com
Home Budget Calculator
| Your monthly net income Press spacebar to hide inputs | $0 |
| Spouse's monthly net income Press spacebar to show inputs | $0 |
| Mortgage and debt Press spacebar to show inputs | $0 |
| Utilities Press spacebar to show inputs | $0 |
| Food and general expenses Press spacebar to show inputs | $0 |
| Insurance Press spacebar to show inputs | $0 |
| Home maintenance, medical, childcare, etc. Press spacebar to show inputs | $0 |
| Monthly expenses of KJE1 leave you with KJE2 available for savings. press spacebar to hide graph |
| Monthly net income is KJE1 after taking KJE2 in deductions. press spacebar to show graph |
Definitions
- Gross amount paid
- Your total gross income from your paycheck.
- Other income
- Any other income that you receive including bonuses, alimony, child support or income from a business.
- Federal tax withholding
- Total amount withheld for federal taxes. Enter this amount from your pay stub.
- State tax withholding
- Total amount withheld for state taxes. Enter this amount from your pay stub.
- Local tax withholding
- Total amount withheld for local taxes. Enter this amount from your pay stub.
- Other taxes and withholding
- Total amount withheld for any other taxes or miscellaneous item. Enter this amount from your pay stub.
- FICA
- Total withheld for FICA (Federal Insurance Contributions Act) is based on the gross income on your paycheck.
- Medicare
- Total withheld for Medicare based on the gross income on your paycheck.
- Insurance and benefits
- Total amount withheld for insurance and benefits by your employer. Enter this amount from your pay stub.
- Company retirement savings plan
- Total amount withheld from your paycheck that is deposited into a company retirement savings plan such as a 401(k) or 403(b).