You can use the budgeting calculator to help understand where you stand financially. After you have determined your budget you may want to visit the credit card payment calculator to learn how long it will take to pay off your credit cards.
Gross Income (monthly average) | ||
Payroll Deductions | ||
Taxes (Federal, State, etc.) | ||
Savings Plan (401k, 403b, credit union) | ||
Other (medical, dental, etc.) | ||
Total Payroll Deductions | ||
Net Income minus Deductions | ||
Expenses | ||
Personal Savings (pay yourselves first) | ||
Housing (rent or mortgage, etc.) | ||
Utilities | ||
Home Maintenance (laundry, toiletries, upkeep) | ||
Transportation (purchase, lease, or public) | ||
Auto Upkeep (gas, insurance, license, etc.) | ||
Food (groceries + dining out) | ||
Clothes | ||
Books, Periodicals, Online Services | ||
Entertainment (TV, movies, CD’s, vacation) | ||
Debt Repayment (credit card, school, etc.) | ||
Other Expenses | ||
Total Expenses | ||
Net Income minus all Expenses | ||