By James Moore

November 14, 2023

Savings.com Personal Budget Calculator

Budgets are the bedrock of every financial plan. Managing a savings plan is difficult enough, but tracking your expenses consistently over time can be a huge undertaking. This calculator is designed to help you find out where your money’s going, from groceries and essential home goods to subscriptions, insurance, and mortgage payments. Fill out each section below to generate a visual representation of how you tend to spend your money each month.

Calculator Instructions

Choose Between Monthly or Annual Figures

Choose between monthly figures (totaled every month) or annual figures (tracking where your money’s going across an entire year).

Count Your Expenses

Fill out the Expenses section with as much information as possible. Most of these terms are straightforward, but we’ve defined some of the trickier terms below and included some helpful facts and figures:

Charge Accounts

Any fees associated with maintaining a credit card or other purchasing account

Federal Income Taxes

The total amount your household withholds for federal tax purposes. This number is provided on your pay stub.

FICA (Social Security Taxes)

The amount you’ve withheld for FICA (Federal Insurance Contributions Act). This number is based on the gross income of your paycheck.

Other and Miscellaneous Expenses

Any additional income you take home in addition to your standard paycheck — think bonuses, child support, or additional income from a small business.

State Income Taxes

The total amount your household withholds for state tax purposes, if any. This number is provided on your pay stub. Your state may not charge income tax, so don’t worry if your stub doesn’t include this information.

Educational Expenses

The amount of dollars you’ve spent on education-related expenses — rather than gas and after-class lunches, tally up any textbook costs, tuition fees, etc.

What Next?

Now that you can see where your money’s going, here are a few helpful steps you can take to set yourself up for continued financial success:

  • Cut out the extras: Whether you’ve got a stray streaming service or a long-forgotten membership weighing your budget down, clearing unexpected expenses is a crucial part of any good budget. Identify any inflated spending categories and use our Vice Savings Calculator to measure the impact of cutting back in those areas.
  • Set a goal: Now that you’ve got an idea of your overall budget, setting your sights on a few financial goals will help you maintain your momentum over the years. From major appliance purchases and car payments to home renovations, our Savings Goal Calculator makes it easy to find out exactly what you need to squirrel away each month.
  • Find a financial advisor: This calculator is a good start, but speaking with an expert is always a good idea before choosing an investment strategy. Consider looking for a financial advisor or consulting a legal service provider like Nolo to identify a few strong next steps.