Expense Calculator

November 12, 2010
By

Keep Track of Your Expenses. Organize Your Finances.

 

Do you spend money on frivolous items? If so, you may need to cut down on your spending. That’s where the expense calculator comes in handy. In order to precisely know how much money you are spending each month, use HelpSaveMyDollars.com’s Expense Calculator. Simply enter in your take-home income each month (income after taxes are paid), followed by all of your monthly expenses, which are categorized on the spreadsheet. The spreadsheet will then subtract all of your expenses from your take-home pay (which is equal to your savings). Once the spreadsheet has completed its calculations, scroll down for more information on understanding your results and how you can reduce or eliminate your deficit.

Expense Calculator:

Take Home Pay Per Month:


Rent/Mortgage:
Home Insurance:
Homeowner’s Association Fee:
Landscaping:
Property Taxes:
Home Maintenance:
Cable/TV/Internet/Phone:
Cell Phone Payment:
Cell Phone Payment 2:
Medical Insurance:
Dental Insurance:
Disability Insurance:
Car Insurance:
Life Insurance:
Child Support:
Food & Beverage:
Dry Cleaning:
Laundry:
Alimony:
Tobacco:
Alcohol:
Medication:
Gym Membership:
Pet Expenses:
Books:
School Tuition:
Personal Loans:
Credit Cards:
Clothing:
Gifts:
Vehicle Payment:
Vehicle Maintenance:
Gasoline:
Parking:
Public Transportation Fare:
Vacations:
Entertainment:
Newspaper:
Miscellaneous:
Take Home Pay – Total Expenses = SAVINGS:

Print Report!

 

Understanding Your Results:

If the calculator reveals that you’re in a deficit, don’t panic!  HelpSaveMyDollars.com is here to help you get rid of that deficit.  Carefully examine each of your expenses that you plugged into to the calculator.  Determine which of your expenses are “needs” and which ones are “wants”.  Say to yourself, “Do I really need to spend $25 a month on a gym membership?  Can I walk to work instead of paying for the bus or subway?”  Once you figure out which expenses are “wants”, delete all of the “wants” from the calculator, re-calculate the spreadsheet and you will see that deficit either significantly decrease, or hopefully turn into a surplus!  After that, the most important way to reduce or eliminate your deficit is to not spend money on those “wants”.  It’s one thing to say you’re not going to spend money on fancy clothes or a more expensive cell phone (examples of “wants”) but it’s another thing to actually follow through with your promise.  Also, always refer to HelpSaveMyDollars.com’s The 20 Laws of Saving Money to help make your deficit disappear.  This will take time, but if you’re serious about saving money,  it can be done!

Tags: cable tv, cell phone mortgage, Credit CARD Act of 2009, dental insurance, disability insurance, expense calculator, home insurance, home maintenance, insurance, internet phone, maintenance cable, medical insurance, monthly expenses, property taxes, saving money, spending money, spreadsheet, tracking expenses, tv internet

17 Responses to Expense Calculator

  1. [...] expenses?  To help determine how much money you spend/save each month, use our very popular Expense Calculator.  Knowing this critical information will allow you create a plan of action to save more money.  [...]

  2. [...] each month, the next step is to find out how much money you save each month.  For that, use our Expense Calculator.  The Expense Calculator will visually show you where your money is going and can be used as an [...]

  3. [...] with your spouse to ensure that you are both on the same page, financially speaking.  Use our Expense Calculator to [...]

  4. [...] money, if you don’t know how much money you spend?  Use this app in conjunction with our Expense Calculator to determine how much money you save each [...]

  5. [...] Expense Calculator | How to Save Money, Reduce Debt and Manage …Tags: cable tv, cell phone mortgage, Credit CARD Act of 2009, dental insurance, disability insurance, expense calculator, home insurance, home maintenance, …helpsavemydollars.com/2010/11/expense-calculator/ [...]

  6. Josh on November 24, 2010 at 5:07 am

    Thanks Scott for your tips and website.
    I found it through your interview with Fox. Keep it up.
    Wishing you lots of success with your college and financial plans.
    Josh

  7. Josh on November 24, 2010 at 5:07 am

    Thanks Scott for your tips and website.
    I found it through your interview with Fox. Keep it up.
    Wishing you lots of success with your college and financial plans.
    Josh

  8. Diana Mathew on November 28, 2010 at 2:07 pm

    Hi! This is such a great article and I am sure a lot of money saving enthusiasts are going to benefit from this. Keep it up! I am Diana Mathew, an Australian Entrepreneur, ebook author (The Money Tree by Diana Mathew) and a Saving Money guru.

  9. [...] while shopping, to avoid any temptation to continue spending.  Use HelpSaveMyDollars.com’s Expense Calculator for help in creating your [...]

  10. Jason on April 8, 2011 at 2:43 am

    Great calculator man!

  11. jmwn on July 16, 2011 at 3:07 pm

    Hi Scott, Great calculator, but consider putting savings at the very top of the list, so that savings is actually considered an “investment expense” so that it actually occurs, particularly if one is trying to create an emergency fund.  Only determined people are going to reduce their alcohol or entertainment budget in order to save.  Students particularly should get in the habit of “paying themselves first,” it is a habit that they need to perfect by the time they graduate college.   Thanks.
    http://www.studentlloannation.com

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  13. Alvin Estes on March 12, 2012 at 7:47 am

    Where am I now? Input all of your current monthly expenses. If something doesn’t fit in the below categories, add it into the “miscellaneous” total. This is a good snapshot of your outgoing cash-flow.

  14. Andybin2003 on June 10, 2012 at 1:59 am

    Very interesting. Looks like I need to change some habits! Haha

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