Net household income £0.00 every month
|Property Rental Profits||£0.00||£0.00||£0.00|
|NIC Exempt Income||£0.00||£0.00||£0.00|
|Tax Free Gift||£0.00||£0.00||£0.00|
Total expenses £0.00 every month
How your finances could look in 3 years
If you have entered your profile information, expenses and income details, you should now see the budget created for you!
On the left column is a breakdown of the deduced total income after taxes as well as any benefits you may be entitled to according to our calculator.
On the right column is your household expenditure, which has been converted into monthly amounts and placed into each category for you.
If you are over your budget you will be shown a green box and an amount that can be used for your savings, or alternatively if you are over budget you will see a red box and shown the amount you will be overdrawn by.
You can use this information to tailor your expenses or how you income is structured to see where savings could be made. As you update other details, re-visit your budget to see how it has been updated. Click on the 'breakdown' tab to see graphs to visualise your income, expenses and see a future financial circumstances with your current budget.
Congratulations, you budget balances in your favour - you have money left over from your income after counting your expenses.
Click on the 'budget breakdown' to see a chart of how your savings will build up over the next 3 years. Remember this is before they have been invested into a decent savings account/investment fund so they should be worth even more to you!
Oh no! If you are overdrawn and your budget is not balancing, nip this in the bud and get trimming.
Start looking at your expenses to start with and see where little changes can make a big difference!