Take advantage of our cost of living calculator. Budgeting for your home is never on anyone's top list of things they want to do. This tool makes it easier than ever.
Basic personal finance doesn't always feel basic. Managing your money can be challenging no matter what your annual income. Whatever you earn you tend to want to spend.
Our cost of living calculaor takes you step-by-step through the process of developing a home budget that you can live by. No pie in the sky budget will do the trick. It's time to get real, be honest and do what is necessary to gain control of your finances. Our free online calculators are here for that purpose.
Gaining control over your finances means planning BOTH sides of the financial equation:
- Detailed analysis of money coming in - INCOME!
- Detailed accounting of all money going out - DEBT/EXPENSES!
It's simple, first click on the "Paycheck Calc" button and enter all of your income information.
Next, click on "Expense Calc" and enter all of your monthly expense figures. (Take your time to enter this information as accurately as possible.) The time you take now to enter your personal expenses in great detail will ensure that the information you receive will help you for years to come.
Hint: Don't forget to enter any "miscellaneous" income. Not entering key information only works against you - it's time to put everything out on the table if you are serious about living a debt free lifestyle.
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IMPORTANT! If you do NOT see a color graphic of the Calculator below, you need to update your Java software. It's a quick and easy fix. Read more. |
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Once you've entered all your household income and expenses, the calculator will produce a pie chart graphic that illustrates exactly where all your money is going.
See how much of your paycheck goes out the window before you ever get paid. Local, state and federal taxes; medicare, social security and any pre-tax withholding such as your 401K, make a big impact on the amount you actually have available to spend.
Next, let's get down to the real cost of living. Using our cost of living calculator, you will enter all of your monthly expenses. Expense categories include: mortgage payment, home repairs and maintenence; auto, creditcard and other consumer loan debt; insurance costs including home, life, auto and health; all utilities (water/sewer, gas, cable, phone, garbage, etc.); plus other costs for child care, food, gas, travel, giving, entertainment and other.
Once you've taken the time to get all of your finances entered, then you can begin to make the important choices on what items are "wants" versus which items are "needs".
Now you have a professionally printed Home Budget Analysis that details your true cost of living. Be sure to print off the data you have created using our financial calculators. Re-enter cost of living calculator information monthly or quarterly to see how much progress you are making toward your financial goals.
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Return to Calculators Page from Cost of Living Calculator page.
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Debt is NOT your friend. It's not a wonderful "tool" for building wealth. That's a myth.
