Calculator: How do I analyze my home budget?

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, you can click 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 (Federal Insurance Contributions Act) is based on the gross income on your paycheck.

Medicare

Total withheld for Medicare based on the gross income on your 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 and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.