What is Budget Planning?
Budget planning helps you understand and manage your income and expenses. It helps you:
- Identify where your money is going each month.
- Find areas where you can reduce expenses.
- Plan for short-term and long-term financial objectives.
- Build and maintain an emergency fund.
- Strategise for paying off loans and credit cards efficiently.
How to Use the Budget Planner Calculator
Input Your Income Details
Enter your total monthly income after tax, including salaries, wages, and any other income sources, such as investments and government benefits.
Input Your Expenses
Enter you total monthly expenses, including:
- Motor Vehicle/Transport
- Household Expenses
- Living Expenses
- Insurance & Superannuation
- Loan & Credit Cards
- Leisure & Entertainment
Review Your Budget Summary
The calculator will provide a detailed breakdown of your income and expenses, showing you how your spending aligns with your earnings.
Adjust and Plan
Use this information to adjust spending habits, increase savings, and make informed financial decisions.
Regularly Update Your Budget
As your financial situation changes, update your budget to ensure it remains relevant and effective.
The Budget Calculator is part of Atelier Wealth’s suite of tools aimed at empowering you with the knowledge and resources needed for effective financial management. Whether you’re planning to apply for a home loan, refinance, or expand your investment portfolio, understanding your tax obligations is a key step in achieving your financial goals.
*The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change.
