![]() ![]() ![]() Start from figuring out how much you spend on needs and desires. A special calculator will help to estimate your finances and monitor your budget. The point of the budget is to help you build the financial future that many people are dreaming of. By having this information, you can make the most of your money using our free budget calculator and planner. Our tool helps with budgeting and visualizing your finances. Monthly budget is a must-have for every person who wants to have full control of their finances without facing any issues. Other: Include any other types of savings contributions you make on a monthly basis.Īs you enter your information, our budget calculator will automatically update each section, then show you how much you’re overspending (or how much money is left after covering all necessary expenses, we call it “In My Pocket”).Retirement: If you contribute to a retirement account outside of a workplace 401(k), add those as well.Investments: If you contribute to any investment accounts, do not forget to include contributions as well to get more accurate results.Enter your monthly contributions to your emergency savings fund here. It is better to save a minimum of three-month living expenses. For instance, you may find out that you need a new fridge all of a sudden (or, at least, its repair). Emergency Fund: An emergency savings account is a stash of money set aside to cover any financial surprises life may throw your way. ![]() From emergency savings to retirement contributions, everything is included. It involves the sum that you manage to save during a specific period of time. This part is all about planning for your financial future. Travel: Enter travel-related spending such as air tickets, hotel costs, etc.Sports & Fitness: Under this category you should include expenses such as sport wear, sport supplies, protein, equipment, etc.Shopping: Include other shopping expenses.Pets: If you have a furry friend, fill in this field with monthly expenses for food, medicine, grooming, or veterinary bills.Kids: Enter any expenses spent on child care, including daycare costs, school fees, and babysitting costs.Electronics & Software: Enter all electronics costs such as covers, power banks, chargers, sockets, licensed software, etc.Education: This may include costs for any educational courses, books, etc.Add how much money you spend on the elements of clothing like jackets and shoes in this category. Clothing: Many people love shopping, and expanding their wardrobe is one of their favorite activities.Gifts & Donations: Don’t forget to include money for birthday gifts and church donations during the month.Personal Care: This may include items such as shampoo, toothpaste, cosmetics, and other personal care essentials.Health & Medical: Enter the amount of money you spend on hospitals, pills, other related health-care expenses.Entertainment: Under this category, include the amount you regularly spend on entertainment activities per month, away from home, such as concert tickets, movie passes, or social events.Eating out: Note how much money goes for restaurants and other places where you eat.If you commute by public transportation, include ticket pricing or pass subscriptions. If you drive a car, include auto payments and gas expenses. Auto & Transport: Enter your total monthly costs for day-to-day transportation.It also might be grocery bills or food subscriptions. Groceries: Consider how much you spend on groceries every month.Home: Enter your total monthly spending related to home such as supplies, cleaning, furniture, etc.This section in our budget calculator goes for monthly expenses broken down by category. ![]()
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