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Household Budget Planner

Enter what comes in and what goes out at whatever frequency you pay it, and see weekly, monthly and annual figures, where the money goes, and how much a savings plan would change the picture.

Household budget planner · AUD
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Disposable income $2,340 per month, savings rate 20.8 percent.

Household income$11,267per month · $135,200 a year
Household expenses$8,92779% of income
Disposable income$2,340▲ Surplus per month
Savings rate20.8%Strong
Essential77.2%$6,890 per month
Discretionary22.8%$2,037 per month

Spending mix

Share of total, per month
$8,927total per month
Essential (blue tones) Discretionary (amber tones)

Categories ranked by cost

17 categories · per month
  1. 01
    Mortgage repayments (essential)
    $3,25036.4%
  2. 02
    Groceries (essential)
    $1,21313.6%
  3. 03
    Childcare & school fees (essential)
    $6937.8%
  4. 04
    Fuel, rego & transport (essential)
    $6076.8%
  5. 05
    Dining out & takeaway (discretionary)
    $5205.8%
  6. 06
    Insurance (health, home, car) (essential)
    $4775.3%
  7. 07
    Holidays & travel (discretionary)
    $3904.4%
  8. 08
    Electricity, gas & water (essential)
    $3253.6%
  9. 09
    Clothing & shoes (discretionary)
    $2172.4%
  10. 10
    Entertainment & streaming (discretionary)
    $1952.2%
  11. 11
    Health & medical (essential)
    $1731.9%
  12. 12
    Alcohol (discretionary)
    $1731.9%
  13. 13
    Miscellaneous & impulse buys (discretionary)
    $1731.9%
  14. 14
    Phone & internet (essential)
    $1521.7%
  15. 15
    Subscriptions & memberships (discretionary)
    $1301.5%
  16. 16
    Personal care & grooming (discretionary)
    $1301.5%
  17. 17
    Gifts & donations (discretionary)
    $1081.2%

Where each dollar of income goes

Income of $11,267 per month
Essential
$6,890
61% of income
Discretionary
$2,037
18% of income
Left over
$2,340
21% of income

The household keeps $540 a week, or $28,076 a year, after all spending.

Talking points

Updates as figures change
  • Mortgage repayments is the largest outgoing at $3,250 a month, 36% of all spending.
  • The top three categories account for 58% of spending, $1,190 every week.
  • The biggest discretionary item is Dining out & takeaway at $6,240 a year. A 10% trim saves $624 a year.
  • A savings rate of 21% is healthy. The focus can shift to where the surplus is directed.
  • The modelled savings plan frees up $4,342 a year, $21,710 over five years before any interest.

Based on your entries Generated from the figures you entered; not advice.

Savings opportunities

Drag to model a reduction in each discretionary categoryEstimate
Trim every category by
  • Dining out & takeaway
    $520 / month now
    25%
    $1,560 / yr$30 / week
  • Holidays & travel
    $390 / month now
    15%
    $702 / yr$14 / week
  • Clothing & shoes
    $217 / month now
    0%
    No change
  • Entertainment & streaming
    $195 / month now
    20%
    $468 / yr$9 / week
  • Alcohol
    $173 / month now
    25%
    $520 / yr$10 / week
  • Miscellaneous & impulse buys
    $173 / month now
    30%
    $624 / yr$12 / week
  • Subscriptions & memberships
    $130 / month now
    30%
    $468 / yr$9 / week
  • Personal care & grooming
    $130 / month now
    0%
    No change
  • Gifts & donations
    $108 / month now
    0%
    No change
Combined savings from this plan
Weekly$84
Monthly$362
Annual$4,342
Savings rate now20.8%
With this plan24.0%
Disposable / month now$2,340
With this plan$2,702

To reach 25% you need $5,724 a year more, about 23.4% off every discretionary category. Applying rounds up to 25%.

Scenarios

Save up to 3 savings plans and compare themEstimate
Comparison of the current budget, the live savings plan and saved scenarios
MeasureNow (no cuts)Live plan Live
Savings from the plan, per year$0$4,342
Disposable income, per month$2,340$2,702
Savings rate20.8%24.0%
If invested for 10 yearsat 5% a year (change in Projection)$363,309$419,495

Where the surplus could go

Project the monthly surplus forward, with and without your savings planEstimate
  • As things stand
  • With savings plan
Projected balance over 10 years: $363,309 as things stand, $419,495 with the savings plan
YearAs things standWith savings plan
Today$0$0
Year 1$28,728$33,171
Year 2$58,927$68,040
Year 3$90,670$104,692
Year 4$124,037$143,220
Year 5$159,112$183,718
Year 6$195,980$226,289
Year 7$234,736$271,038
Year 8$275,474$318,076
Year 9$318,296$367,521
Year 10$363,309$419,495
As things stand
$363,309
$2,340 a month for 10 years: $280,760 saved plus $82,549 growth.
With savings plan
$419,495
$2,702 a month for 10 years: $324,180 saved plus $95,315 growth.

Estimate only. Assumes the monthly surplus is saved at the end of every month at a constant return compounded monthly, ignores tax, fees and inflation, and does not forecast any real rate. A shortfall is shown as a simple running total and is never compounded.

Small changes, big numbers

How a modest cut compounds over timeEstimate
Spend$less perand direct it into savings or a mortgage offset earning% p.a.
Per week
$42
Per year
$2,190
After 5 years
$12,733
After 10 years
$29,908

Saving $6 a day adds up to $21,900 over ten years. Compounding at 6% p.a. adds a further $8,008.

Budget ledger

Enter each amount at whatever frequency it is paid
Expenses, entered at their own frequency and converted to weekly, monthly and annual amounts
CategoryTypeAmountPaidWeeklyMonthlyAnnualShareRemove
$$750$3,250$39,00036.4%
$$280$1,213$14,56013.6%
$$160$693$8,3207.8%
$$140$607$7,2806.8%
$$110$477$5,7205.3%
$$75$325$3,9003.6%
$$40$173$2,0801.9%
$$35$152$1,8241.7%
$$120$520$6,2405.8%
$$90$390$4,6804.4%
$$50$217$2,6002.4%
$$45$195$2,3402.2%
$$40$173$2,0801.9%
$$40$173$2,0801.9%
$$30$130$1,5601.5%
$$30$130$1,5601.5%
$$25$108$1,3001.2%
Total expenses$2,060$8,927$107,124100%
Click the Essential / Discretionary tag to switch a category's type.
Conversions use 52 weeks and 12 months per year (1 month = 4.33 weeks). Income should be entered after tax ($ amounts are not converted between currencies). Figures loaded by default are an illustrative household, not real data. Savings-plan results, projections and the compounding estimate are estimates based on the assumptions shown and are a guide only, not financial advice.

How it works

  1. Add your income (after tax) and your spending categories in the ledger. Each amount has its own frequency - weekly, fortnightly, monthly, quarterly or yearly - and is converted for you.
  2. Mark each category Essential or Discretionary. The summary, charts and talking points update as you type.
  3. Use the savings sliders to model reductions in discretionary categories, or set a target savings rate and let the planner suggest a uniform cut.
  4. Save up to three plans as scenarios and compare them side by side, then see what the surplus could grow to with the projection.
  5. Print or save a review as PDF, or export your data as CSV or a JSON backup.

Assumptions and method

  • A year is 52 weeks, 26 fortnights, 12 months or 4 quarters. Weekly figures are the annual total divided by 52 and monthly figures divided by 12, so a month is 4.33 weeks (a real year has about 52.18 weeks).
  • Income should be entered after tax. The planner does not calculate tax.
  • Growth figures assume equal contributions at the end of each month and a constant annual rate compounded monthly. The rates are illustrative assumptions you can change; no real rate or return is built in and none is forecast.
  • A deficit is shown as a plain running shortfall: it is never compounded or treated as debt with interest.
  • Figures marked Estimate are projections from your assumptions, not actual results or financial advice.

Worked example

  • A weekly grocery bill of $280 is $14,560 a year, or $1,213 a month (52 weeks and 12 months a year).
  • The example household takes home $135,200 a year and spends $107,124 ($82,684 essential, $24,440 discretionary), leaving $28,076 - a savings rate of 20.8%.
  • Trimming dining out by 25%, holidays by 15%, entertainment by 20%, alcohol by 25%, impulse buys by 30% and subscriptions by 30% frees up $4,342 a year and lifts the savings rate to 24.0%.

Privacy

  • Your figures stay in this browser. Nothing is uploaded or sent to a server, and no budget amounts are sent to analytics.
  • The page saves your budget in this browser's local storage so it is still here next time. Use Start new, or clear site data, to remove it. Exported files are saved only where you choose.

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