Budget Calculator

The Budget Calculator tracks both a projected budget and the actual results. A budget summary will then compare and analyze the projected budget with that of the actual results. A budget calculator is the ultimate financial planning tool. Using this tool you can very quickly do what-if calculations. What-if I buy a new house and my mortgage payment increases by $250?

Budget information is collected by the month. If is not necessary to enter budget information for each month. If the budget information does not change from month to month, then you can click on the 'Dupe' button to duplicate the value from the previous month.

When starting a budget, you should enter the initial amount of cash that you have on hand. The value you enter here will show up on the 'Cash Flow Report' as the 'Initial Balance'. The 'Cash Flow' report will show you the impact your budget has on you current cash holdings. By the way, it is not necessary to enter a positive value for 'Initial Cash on Hand'. If in fact you have more debt than cash, you can enter a negative value.

The printed budget statement will show a budget for each month on a different page. Each projected item will show you what percent it is of the total income figure. And each actual item will show you what percentage it is of the projected budgeted amount.

This calculator is often used by financial planners, credit unions or credit councilors who are helping people get out of debt. Additionally, this calculator is used by attorneys who practice family law to create a net worth statement for helping to resolve issues which come up during divorce proceedings.

Note: You can customize this calculator by changing any label which describes an input item. Additionally you can create multiple budget statements and save them for later editing.

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