Simple Budget
Calculator

With Money Fit’s Simple Budget Calculator, you can quickly figure out how much you spend on a monthly or annual basis. Once you have this figure, you are empowered to make better financial decisions going forward.

This Simple MONTHLY Budget Calculator by MoneyFit.org offers a straightforward approach to planning your monthly spending, with just a few fields to estimate for your expenses. The Total Budget estimates the amount of net income (paycheck) you will need to cover your expenses for the budget period.

Know What You Need To Cover In Your Budget

The Simple Budget Calculator offers a very straightforward approach to planning your spending each month.

Enter your estimated expenses into the fields above and the calculator will estimate how much net (take-home after taxes) income you will need each month to cover your epenses. If you’re short in your income, you’ll want to address areas that you feel you can cut back in order to meet your needs.

As always, if you need any help in preparing a monthly budget, please give us a call. There is no-cost to you for using this service.

Simple Budget Calculator

Why Do You Want to Create and Live by a Budget?

Not required, but HIGHLY RECOMMENDED. Your answer here must be your personal reason for budgeting. This is what will motivate you to create and live by this spending plan. Examples include: Buy a home; Stop collection calls; Qualify for an apartment

Estimated MONTHLY Household Take-home Income

AFTER Taxes. Include state assistance or nonprofit help you receive.

Savings and Investments

Monthly Contribution to short-term savings and long-term investments

Food and Groceries

Do NOT include dining or ordering out

Housing

Mortgage/rent, repairs, landscaping...

Utilities

Heating, Cooling, Water, Sewer, Trash, Cell Phone, Internet...

Transportation

Average monthly loan payment, insurance, maintenance, repairs, registration, gas...

Entertainment, Recreation and Dining Out

Tickets, memberships, hobbies...

Health and Medical

Average out-of-pocket healthcare related

Subscriptions & Services

Streaming, landscaping, cleaning, car washes...

Debts

Student loan(s), credit cards, medical debts... but NOT home or vehicle

Miscellaneous

Any monthly expense not identified above

Weekly Budget:

Monthly Budget:

Annual Budget:

Your Estimated Monthly Balance is Balanced

At the end of the month, your balance appears to be EXACTLY BALANCED.

If you don't have any money in saving, then this budget projects you will be living paycheck-to-paycheck. The slightest bump in your financial road could cause trouble.

We recommend you consider the following:

Earn additional income
Cut some spending
Do a bit of both

Your Estimated Monthly Balance is Positive

At the end of the month, you should have this much money left over:

Positive Balance

Consider the following ways to use it:

Save more
Invest more
Pay down debts
A Combination of the 3 options above

Your Estimated Monthly Balance is Negative

Your Estimated Monthly Balance

At the end of the month, you will likely have a SHORTFALL of this much money:

Negative

Consider the following ways to adjust your budget:

Earn additional income
Cut some spending
A Bit of Both

Required so your results will be sent directly to your inbox. We do not sell, transfer or provide your personal information to third-party entities or organizations.

Debt Repayment Assistance Is Available

Yes. Please contact me about managing my debt(s).

Please contact me about a program (not a loan) to pay down my consumer debts FASTER, and at LOWER interest rates with my same creditors, and generally at LOWER monthly payments in 5 years or less. As a 501(c)3 nonprofit credit counseing agency, we have helped tens of thousands of consumers annually since our founding in 1996.

Contact Information

Name

First

Last

City

State

Phone

How The Simple Budget Calculator Works

After determining your monthly spending, you can compare it to your income. If your income is lower than your spending, you will need to increase your income or cut some spending (or both). If your income is greater than your spending, you can push a portion of your paycheck into savings and investments.