Budget & Expense Calculator

Handle Money Like a Pro

How much should I be saving? What can I afford?

The budget calculator can help you figure out where your spending pain points are so that you can make the most of the money you earn.

Enter your current salary and let the calculator do the rest.

Please enter a valid salary. (ex: 24,500.00)

If you have a set expense for one of the categories or a specific amount you would like to put in the bank, use the sliders to adjust the numbers and your expenses will be automatically adjusted.

*Note: All monetary values are monthly approximations based on your yearly salary.

Budget Suggestions

There’s an interesting book written by a Harvard bankruptcy professor, Elizabeth Warren, called All Your Worth: The Ultimate Lifetime Money Plan. In it, she discusses something called the “50/30/20” budget. Starting with your after-tax pay (the money you make after accounting for taxes), you then move forward into the “must-haves, wants, and savings and debt repayment.”

Using this concept, 50 percent of one’s budget should be allocated toward must-have spending (payments for utilities, loan payment, food, health care costs, transportation, etc.)

The wants (things like new clothes, eating out, vacations, purchases for products you don’t absolutely need, etc.) should make up 30 percent of one’s budget.

The final 20 percent should consist of savings and debt repayment.

Click each square for more useful tips/facts for each category.