BUDGET CALCULATOR

This handy budget calculator will help you make a personal budget. It suggests percentages for ideal spending limits on each of several budget items.

Creating a household budget is an important step in managing your finances. When you make a personal budget and determine the best way to manage your money, you are taking a major step towards achieving financial freedom.

Simply input your information into this online calculator and begin building your own personalized household budget.

Is there a percentage guideline for common expenses for my income levels?

Budget Percent Calculator
Here are suggested percentage guidelines based on net income compiled by Dave Ramsey, author of Financial Peace (Viking, 1997, $21.95) which he says are only recommended percentages and will change dramatically if you have a very high or very low income. For instance, if you have a very low income your necessities percentages will be high. If you have a high income, your necessities will be a lower percentage or income and hopefully savings (not debt) will be higher than recommended.
Enter your net-income for whichever period of time you would like to translate the percentages into:

Expense	Range	Low End	High End
Charitable gifts	10-15%
Saving	5-10%
Housing	25-35%
Utilities	5-10%
Food	5-15%
Transportation	10-15%
Clothing	2-7%
Medical/Health	5-10%
Personal	5-10%
Recreation	5-10%
Debts	5-10%

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Notable Quotes

It's time we reduced the federal budget and left the family budget alone. ~ Ronald Reagan

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To achieve financial freedom, ideas such as: listening to good advice, learning how to make a budget, understanding credit repair possibilities, avoiding the scams, and generally becoming more knowledgeable of the credit card business, can all play a role in eliminating credit card and other debt. Find out how to get control of your personal budget here.