Budget Calculator
Calculate the surplus (or deficit) in your budget
+Monthly Income
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Total Income$5,000
-Monthly Expenses
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Total Expenses$4,500
Monthly Surplus
$500
Weekly
$115
Annual
$6,000
Expense Breakdown
Mortgage/Rent$2,000 (44%)
Groceries$600 (13%)
Transport (fuel, public transport)$400 (9%)
Utilities (power, water, internet)$300 (7%)
Entertainment & Dining$300 (7%)
Insurance$200 (4%)
Savings/Investments$200 (4%)
Phone$100 (2%)
Budgeting Tips
- Aim to save at least 10-20% of your income
- Keep your housing costs under 30% of your gross income
- Build an emergency fund of 3-6 months expenses
- Review subscriptions regularly for unused services
- Track actual spending to improve budget accuracy
Disclaimer: This calculator provides estimates only and should not be relied upon for financial decisions. Actual loan terms, rates, and eligibility may vary. Please contact a Mortgage Lab adviser for personalised advice.
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