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Financial Calculators
Finance
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and Debt > Applying
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Home Budget
Home
Budget Analysis
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 just where your money is going. In
addition, you can compare your budget breakdown to our targets, to help identify
areas for improvement. Enter
your information in each field below, replacing the existing text. Definitions
of each field appear below the calculator. Click the Calculate button to view
the results. Click the View Report button to get a full report.
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 paystub. |
| State
tax withholding |
Total amount
withheld for state taxes. Enter this amount from your paystub. |
| Local
tax withholding |
Total amount
withheld for local taxes. Enter this amount from your paystub. |
| Other
taxes and withholdings |
Total amount
withheld for any other taxes or miscellaneous item. Enter this amount
from your paystub. |
| FICA |
Total withheld
for FICA based on the gross income on you paycheck |
| Medicare |
Total withheld
for Medicare based on the gross income on you paycheck |
| Insurance
and benefits |
Total amount
withheld for insurance and benefits by your employer. Enter this amount
from you paystub. |
| Company
savings plan |
Total amount
withheld from your paycheck that is deposited into a company savings plan
such as a 401(k) or 403(b) |
Information and interactive
calculators are made available to you as self-help tools for your independent
use. We can not and do not guarantee their accuracy or their applicability
to your circumstances. We encourage you to seek personalized advice from qualified
professionals regarding all personal finance issues.
What's
Next:
How
much debt is OK?
Explore the Credit and Debt Guide:
Using
Credit Wisely
Obtaining
a Credit Card
Banking
Smart
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