Budget Planner & Calculator
Use this budget calculator to plan estimated expenses based on income. Just enter your income (can use either annual or monthly) and this budgeting tool will calculate the conventional spending amounts based on normal percentage ranges. These ranges were determined by cross referencing the Consumer Expenditure Survey from the U.S. Bureau of Labor Statistics with various personal finance guru recommendations.
You can then create a household budget worksheet to use as a reference point for creating a budget.
Your personal budget will vary within these percentages based on personal preferences and income level. For example, lower incomes will have higher percentages for necessities like food. Higher incomes will have larger percentages for pension and insurance but lower for food.
This calculator works great in tandem with the expenses calculator here to compare these suggested allocations with your actual spending.