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Free Personal Budgeting Calculator for Creating a Personal Budget Worksheet

Calculator Preferences
Free Personal Budgeting Calculator

This calculator will help you to formulate a realistic personal budget and allow you to print out any number of personalized, printable budget worksheets. Includes an eye-opening, built-in opportunity cost feature that alerts you to what you'll be giving up in return for what you are spending your money on. The Keys tab includes:

  • The key to creating a personal budget that works.
  • The key to tracking your spending.
  • The key to getting the greatest return on your spending.
Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Budget PreferencesBudget Preferences and SettingsBudget Preferences and Opportunity Cost SettingsBudget Preferences and Opportunity Cost Settings

Budget Preferences and Opportunity Cost Settings:

This section provides fields and choices that will be used by the remainder of the calculator. Note that you can change any of these preferences at any time and the calculator will readjust its displays and results accordingly.

The real hourly wage (RHW), Expected ROI, and Cost years fields are entries needed to calculate the opportunity cost (what you are giving up) of each budget item amount. I highly recommend you complete these fields and then pay very close attention to the results they create.

If you simply want to print out a blank budget worksheet, select your preferred budget period, edit the category and account titles, scroll to the bottom of the calculator and tap the "Printable Budget Sheet" button.

Workdays/wk:Workdays/week:Number of workdays per week:Number of workdays per week:

Number of workdays per week:

Enter the average number of days you work each week. This will allow you to indicate when expenses only apply to workdays, which the personal budgeting calculator can then translate into a total for the selected budgeting time period.

Budget per:Budget time period:Preferred budget time period:Preferred budget time period:

Preferred budget time period:

Select your preferred budget time period. For most people this will be Monthly. However, if you prefer a different time period, select your preference and all amounts will be translated into your preferred time period. You can change your preference before, during, or after completing the budgeting form as the calculator will automatically recalculate the form.

RHWReal hourly wageReal hourly wageReal hourly wage:

Real hourly wage:

Enter your real hourly wage. This will allow you to see how many hours you will need to allocate to working each budget time period in order to earn enough after-tax, after-work-related expense income to pay for each budgeted item. Clicking on the link will open the Real Hourly Wage Calculator in a new window.

Expect ROI:Expected ROI:Investment rate of return:Interest you expect to earn on investments:

Interest you expect to earn on investments:

Enter the annual percentage rate you expect to earn on your investments. Enter as a percentage, but without the percent sign. This figure will be used to estimate the potential future value of the money you are spending.

Cost years:Lost interest yrs:Years to calculate lost interest:Number of years to calculate lost interest:

Number of years to calculate lost interest:

Enter the number of years you would like the calculator to use when estimating future value. This figure will be used to estimate the potential future value of the money you are spending.

Load or Clear SamplesLoad or Clear Sample TitlesLoad or Clear Sample TitlesLoad or Clear Sample Category and Expense Titles

Load or Clear Sample Category and Expense Titles:

If you would like to clear the sample category and expense titles so you can enter your own, tap the "Clr" button.

If you cleared the sample titles but you wish to reload them, tap the "Load Sample" button.

Note that either of the two buttons in this section will zero out any amounts you have entered into the section below.

Monthly Income SourcesMonthly Income SourcesMonthly Income Sources and AmountsMonthly Income Sources and Amounts

Monthly Income Sources and Amounts:

Tap the plus (+) icon to show the 10 income source lines.

Tap the text button in any row to open up an income source form for that row.

Once you have edited the source name and entered or edited the amount and frequency, tap the "Save" button to save the changes and close the form.

Monthly Expense CategoriesMonthly Budget CategoriesMonthly Budget Categories and ExpensesMonthly Budget Categories and Expenses

Monthly Budget Categories and Expenses:

Categories: Tap the plus signs (+) to expand each category. Tap the category names to edit them.

Expenses: After expanding a category, tap any expense name (or "Blank") to open a popup form wherein you can make changes to the name, expense type, budget amount, and frequency.

Save: After the expense name, type, amount, and frequency have been edited, tap the "Save" button to save the changes and close the entry form.

Edit Category Name:

Tapping the "Save" button will close the popup and save the changes to the main worksheet, whereas tapping the "Cancel" button will close the popup without saving the changes.

Edit Income Sources and Amounts:

Tap the text links to show and hide field instructions.

Edit Expense Name and Amounts:

Tap the text links to show and hide field instructions.

Monthly Budget SummaryMonthly Budget SummaryMonthly Budget SummaryMonthly Budget Summary

Monthly Budget Summary:

This section of the calculator will keep an updated monthly summary of your income and expense entries.

Income:Total income:Total monthly income:Total monthly income:

Total monthly income:

This is the total amount of income you entered, translated into your preferred budget time period.

Expenses:Total expenses:Total monthly expenses:Total monthly expenses:

Total monthly expenses:

This is the total amount of living expense, payments and savings you entered, translated into your preferred budget time period.

Surp/-Short:Surplus / -shortage:Budget surplus / -shortage:Budget surplus / -shortage:

Budget surplus / -shortage:

This is the total of your budgeted income less your budgeted living expenses, payments and savings. A negative sign indicates you have a budget shortfall (more money going out than is coming in). No negative sign indicates a budget surplus (more money coming in than is going out).

Fixed:Total fixed:Total fixed expenses:Total fixed expenses:

Total fixed expenses:

This is the total of all budgeted items for which you chose the "Fixed" option. A fixed budget item is one that is typically difficult or impossible to reduce, because doing so would have an adverse affect on the health and welfare of the household.

Variable:Total variable:Total variable expenses:Total variable expenses:

Total variable expenses:

This is the total of all budgeted items for which you chose the "Variable" option. A variable budget item is typically one that can be reduced with a reasonable amount of effort, and without having an adverse affect on the health and welfare of the household.

Set aside:Total set-aside:Total non-monthly set aside amount:Total non-monthly set aside amount:

Total monthly non-monthly set aside amount:

This is the total of all budgeted items in which the payment frequency exceeds your preferred budget time period. For example, if your preferred budget time period is monthly, and your auto insurance premium is paid semi-annually (twice per year), 1/6 of the premium will be added to this set-aside amount. This helps to insure that you will have the cash set aside to pay all non-preferred-period expenses as they come due.

If you would like to save the current entries to the secure online database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

Budget Worksheet

Budget Worksheet:

Tapping the button below will open your budget worksheet in a new window. You can tap the button at any time during your entering and editing of budget preferences, categories, and expenses. If you're not satisfied with the worksheet simply close the worksheet window, adjust your entries, and then recreate the worksheet.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated
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Tip

Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.

 

Favorites

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Adjust Calculator Width:

Move the slider to left and right to adjust the calculator width. Note that the Help and Tools panel will be hidden when the calculator is too wide to fit both on the screen. Moving the slider to the left will bring the instructions and tools panel back into view.

Also note that some calculators will reformat to accommodate the screen size as you make the calculator wider or narrower. If the calculator is narrow, columns of entry rows will be converted to a vertical entry form, whereas a wider calculator will display columns of entry rows, and the entry fields will be smaller in size ... since they will not need to be "thumb friendly".

Show/Hide Popup Keypads:

Select Show or Hide to show or hide the popup keypad icons located next to numeric entry fields. These are generally only needed for mobile devices that don't have decimal points in their numeric keypads. So if you are on a desktop, you may find the calculator to be more user-friendly and less cluttered without them.

Stick/Unstick Tools:

Select Stick or Unstick to stick or unstick the help and tools panel. Selecting "Stick" will keep the panel in view while scrolling the calculator vertically. If you find that annoying, select "Unstick" to keep the panel in a stationary position.

If the tools panel becomes "Unstuck" on its own, try clicking "Unstick" and then "Stick" to re-stick the panel.