See Where You Are Spending Your Money And How Much You Have Left To Save
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 where you are spending your moneyt and how much you have left to save.
How to Use the Home Budget
- Enter your information in the fields below. (See the definitions below the calculator for more information on each field).
- Once you have entered all information and selected your options, press the View Report button to see a breakdown of your gross annual income and your debt ratio
Definitions
- Monthly expenses
- This is the total of all of your monthly expenses. Click on the ”Expenses Calc” button to enter your monthly expenses. This includes your expenses for shelter, family, transportation, vacations, entertainment, loan payments, food, clothing, insurance and other miscellaneous items.
- Net monthly pay
- Input your income from your paycheque. Click on the button “Paycheque Calc” button to enter the details of your paycheque and any deductions. You can enter your paycheque as well as your spouse’s paycheque.
- Misc income
- Enter any additional income here.
- Income breakdown
- Select ”Show my income breakdown” to view how your income is divided between your income sources and deductions.
- Expenses breakdown
- Select “Show my monthly expenses” to view breakdown of your monthly expenses and how much you have remaining for savings.
