Home Budget Analysis

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 where your money is being spent. In addition, press the "view report" button to compare your budget breakdown to our targets which can help identify areas for improvement.

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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.