Find Out Your Monthly Home Budget

Find Out Your Monthly Home Budget

Most people think that the difficult part of personal finance is building your monthly budget and sticking to it. There are tons of different expenses and payments to consider, so we put all the big ones in one place! This tool will also help you see exactly how much you can set aside for savings every month!

If you already used our buy vs lease calculator to see how much your home payments will be, use this calculator to build a budget around your known expenses.

Once you have a monthly budget, and you know how much you can save, use the saving to be a millionaire calculator to see how long it will take to earn $1,000,000.

Monthly Budget Calculator

Adjust the sliders or type values. We’ll estimate taxes and withholdings to show your monthly net income and where your money goes.

Your monthly income

Enter your gross income and any withholdings you have from your paycheck. The calculator will estimate other taxes and withholdings to find an approximate net income.

Estimated Federal Income Tax (monthly): $214
Estimated State Income Tax (monthly): $160
FICA – Social Security (monthly): $198
Medicare (monthly): $46

Your Monthly Net Income:
$2,461

Your partner’s monthly income

If you have a spouse, partner, or roommate who also contributes to your household budget, enter their income here.

Estimated Federal Income Tax (monthly): $0
Estimated State Income Tax (monthly): $0
FICA – Social Security (monthly): $0
Medicare (monthly): $0

Partner Monthly Net Income:
$0

Debt Payments

Total Debt Payments: $240

Home Payments

Total home expenses: $1,190

Insurance Payments

Total Insurance Payments: $140

Other Living Expenses

All other living expenses: $750

Chart

Total Monthly Income (Net):
$2,461
Total Monthly Expenses:
$2,320
Total Available for Savings:
$141