Home Budget Analysis Calculator

Managing your monthly budget can be difficult and frustrating. One of the most important aspects of controlling your budget is to determine where your money is going. This calculator helps you do just that.

By entering your income and monthly expenditures, you can see how much you have left to save and where your money is being spent. In addition, you can click the "View Report" button to compare your budget breakdown to our targets, which can help identify areas for improvement.

Definitions for each term can be found here.

 

 

Definitions

Your income   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 withholdings
  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 monthly minimum payments for your credit cards.
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).