Monthly Budget Calculator

Use your income and either estimated or actual expenses.

Enter your monthly income and expenses. Tab to or select the Balance field to see your monthly surplus or shortfall.

This calculator is for informational and educational purposes only. The results are estimates only.

Income

Gross Monthly Income
Before taxes or deductions

Monthly income must be greater than zero and cannot be blank.

Expenses

Deductions
At least 20% of your monthly income will go to state and federal taxes and other deductions

Deductions must be numeric.

Insurance
Include at least a basic medical insurance plan for one person

Insurance must be numeric.

Retirement
Plan for about 3% of your salary to go toward a retirement plan

Retirement must be numeric.

Housing
The national average for rent is about $700 per month

Housing must be numeric.

Food
Include all meals for a month

Food must be numeric.

Transportation
Amount you spend on car payments, gas, insurance, registration and maintenance

Transportation must be numeric.

Utilities
Some of your water, electricity or heat may be included with your rent

Utilities must be numeric.

Entertainment
Mobile phone and internet plans, subscriptions, movies, sports events and other activities

Entertainment must be numeric.

Personal
Clothes, personal hygiene, cleaning and other personal expenses

Personal must be numeric.

Student Loans
Student loan or interest payments you're making now

Student loans must be numeric.

Credit Cards
Monthly payments to credit cards if you have a balance

Credit cards must be numeric.

Other
Any other monthly expenses

Other cards must be numeric.

Fast Facts and Tips

Five Tips for Cutting Costs

Regardless of what you usually spend money on or where you shop, these tips can help cut costs. Continue reading article.

How to Pay Off Student Loans Faster (And Smarter)

There are manageable ways to chip away at your debt. With these tips you can work toward paying off your student loans faster. Continue reading article.

How to Conquer Student Loans with Extra Payments

If you are able to make extra payments on your student loans, you may be able to cut your repayment period and save money. Continue reading article.

10 Ways to Get Fit for Free

If gym memberships, personal trainers and coaches are outside the budget when you're paying back student loans, check out these options. Continue reading article.