Simple Budgets- Income and Expenses Calculator

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You may want to take some time before completing your budget to collect your financial facts and figures. Please refer to your actual paystub, bills and receipts or bank statements if possible to determine your income and expenses such as your rent, food, utilities, phone, etc. We have included a link to the IRS withholding calculator to help you estimate your taxes. Please remember that even if you do not need to pay federal income taxes you will need to pay FICA. We are assuming 7.65% for FICA.

Your budget is only an estimate. There may be additional costs or taxes not accounted for. You should always have emergency savings (ideally 3-6 months basic living expenses to help account for unexpected or emergency costs).

Hours per week:

Hourly rate:

Other Income:

Tax Rate (%):
Calculate Yours

Calculated Tax:

Savings:

Rent:

Utilities:

Cell:

Internet:

Groceries:

Eating Out:

Entertainment / Travel:

Insurance:

Clothing:

Beauty:

Child Expenses:

Laundry:

Auto Loan:

Auto Maintenance:

Other Expenses:

Simple Budgets

Income and Expenses Calculator

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Balance

Simple Budgets

Income and Expenses Calculator

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Monthly Income(After Tax)

Monthly Expenses

Balance