The earlier you get serious about managing your budget, the better off you’ll be when you retire. This helpful budget calculator will help you take control.
It’s always a little easier to manage your money when you can see where it’s going. This budget planner calculator will help you keep your finances under control, whether you’re part of a household, or you’re single. You can use it to help manage your finances now, or to estimate how things will pan out when you retire.
However you use it, be realistic. Try to estimate all your income and expenses and ensure the ‘period’ field is correct for each one. Print your budget out as a reminder, and come back to update it when things change.
The budget planner works by adding up all of your expenses and savings and deducting them from your net income. The result tells you how much money you have, or don’t have, for a particular period of time (weekly, monthly or annually).
The earlier you get serious about budgeting, the better off you may be in retirement. That’s because a budget makes you sort out your money priorities and find the right balance between spending and saving, which is pretty important in the lead up to your retirement years.
Regardless of your circumstances, it’s important to look into any Government benefits you could be eligible for and make the most of what’s on offer. They may make a big difference to how far your savings stretch in retirement.
The calculator doesn’t replace personal financial advice and you should seek specific professional advice prior to acting on any information. We also recommend you read our disclaimer.