Teen Budget
Calculator

How this calculator can help

If you’re in middle or high school and you have your basic needs (housing, food and clothing) paid for by parents or guardians, the Budget Calculator For Teens offers a quick and simple approach to figuring out how much each month you should place into savings and spend on being responsible. Additionally, the Teenager Budget tool recommends how much to put toward your short-term savings goals and your long-term career plans. Lastly, but not least, the best parts of this budget allow you to prepare for the two joys of being generosity and having fun.

This tool can help you fix the dilemma of never having anything left over after payday to spend on fun and high priority activities with family and friends. Too many teenagers spend 100% of their income within a day or two of payday, leaving nothing for savings, long-term goals or generosity. Living within the Teenager Budget recommendations, you can have your cake and eat it too.

Teen Budget Calculator

Check the Reason(s) You Want to Create a Teen Budget

Current School Level

Elementary School

Middle / Junior High School

College / University / Trade School

None of the Above

Your Income

Net Income is also known as "Take Home," "After Tax" or "Paycheck" income (as opposed to Gross Income)

First Name

Email(†)

State of Residence

†Include only if you would like a copy of your budget sent to your inbox. We do not use it for any other purpose.

Recommended Money Pie Budget Allocations

BE NICE=Donate to a charity, church, or cause; Help out a friend, neighbor, or stranger.

BE SMART=Place in savings, College 529 or Coverdell Account for college, career training, or internship travel.

BE PATIENT=Place in savings for short-term goals (gadgets, gifts, car or truck, gaming gear, summer camp, etc.).

BE READY=Place in separate savings for ANYTHING you have an impulse to buy, for splurges, and for things that are on sale that you just can't pass up.

SPEND IT=Keep in cash, in checking for a debit card, or on a pre-paid card to have fun, use for entertainment and recreation, enjoy food and snacks, take care of a pet, or have fun with friends.

BE NICE %

BE SMART %

BE PATIENT %

BE READY %

SPEND IT %

Adjust Your Allocation Percentage Fields Above by This Much

BE NICE

BE SMART

BE PATIENT

BE READY

SPEND IT

This Calculator by MoneyFit.org helps you, our teenage neighbors and friends, make informed and positive decisions about what to do with your money, whether it is income from employment, gifts, allowance or other. The entire pie represents your net income (the money you have to spend. for paychecks, it would be the amount of the paycheck, not your pre-tax earnings). Recommended percentages are adjustable.