Monthly Budget Calculator

Building a good budget is the key to managing your money. This free budget calculator will give you a clear view of your monthly finances and help you find places to change your budget to make the most of your income.*

Want help with your budget? Try a free counseling session.

Step 1: Enter Your Income
Start by entering your monthly income in the sections below. Click the "+" buttons to expand them.
Net Monthly Pay
Your Net Monthly Pay Your net pay (or take-home pay) is the amount on your paychecks—your wages minus federal taxes, Social Security, Medicare, wage garnishments, health insurance, other benefits, etc.
Spouse's Net Monthly Pay
Other Monthly Income
Other Monthly Income Examples include Social Security, child support, alimony, investments, pensions, etc.
Total Monthly Income
Step 2: Enter Your Expenses
Now enter your expenses in the sections below.
Housing & Utilities
Rent or Mortgage
2nd Mortgage
Home or Renters Insurance if not included in mortgage payment
Property Tax if not included in mortgage payment
Condo or Homeowner Association (HOA) Fees
Home Repairs & Maintenance
Electric & Gas
Water & Sewer
Phone & Cell
Cable & Internet
Car Payment
2nd Car Payment
Monthly Car Insurance
Car Maintenance
Food & Groceries
Groceries & Household Goods
School Lunches
Meals Out
Health & Beauty
Health Insurance & Co-pays anything not already deducted from your paycheck
Life Insurance if not already deducted from your paycheck
Clothing for Family
Dry Cleaning & Laundry
Barber & Beauty Shop
Child Care
Child Support Payments
School Tuition & Supplies
Debt & Loan Payments
Credit Cards Total minimum monthly payments
Store Cards Total minimum monthly payments
Medical Debt Total minimum monthly payments
Student Loans Total minimum monthly payments
Tax Payments
Miscellaneous Debt Payments
Misc. Expenses
Hobbies & Sports
Tobacco & Alcohol
Newspaper & Magazines
Travel & Recreation
Church & Charitable Donations
Pet Care
Holidays & Birthdays including gifts to your familiy, friends and co-workers, as well as decorations, greeting cards, etc.
Other Expenses
Total Monthly Expenses

Ready to see your results?

Click below to see your surplus or shortage and for our recommendations.

*We provide this and other calculators to help you assess your current financial situation and plan for the future. We cannot guarantee their applicability to your specific situation. We strongly encourage you to seek advice from certified counselors, who can review your circumstances and offer personalized recommendations. ↩ Top

  • Better Business Bureau A+ rating Better Business Bureau
    MMI is proud to have achieved an A+ rating from the Better Business Bureau (BBB), a nonprofit organization focused on promoting and improving marketplace trust. The BBB investigates charges of fraud against both consumers and businesses, sets standards for truthfulness in advertising, and evaluates the trustworthiness of businesses and charities, providing a score from A+ (highest) to F (lowest).
  • Financial Counseling Association of America Financial Counseling Association of America
    MMI is a proud member of the Financial Counseling Association of America (FCAA), a national association representing financial counseling companies that provide consumer credit counseling, housing counseling, student loan counseling, bankruptcy counseling, debt management, and various financial education services.
  • Trustpilot Trustpilot
    MMI is rated as “Excellent” (4.9/5) by reviewers on Trustpilot, a global, online consumer review platform dedicated to openness and transparency. Since 2007, Trustpilot has received over 116 million customer reviews for nearly 500,000 different websites and businesses. See what others are saying about the work we do.
  • Department of Housing and Urban Development - Equal Housing Opportunity Department of Housing and Urban Development
    MMI is certified by the U.S. Department of Housing and Urban Development (HUD) to provide consumer housing counseling. The mission of HUD is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD provides support services directly and through approved, local agencies like MMI.
  • Council on Accreditation Council On Accreditation
    MMI is proudly accredited by the Council on Accreditation (COA), an international, independent, nonprofit, human service accrediting organization. COA’s thorough, peer-reviewed accreditation process is designed to ensure that organizations like MMI are providing the highest standard of service and support for clients and employees alike.
  • National Foundation for Credit Counseling National Foundation for Credit Counseling
    MMI is a longstanding member of the National Foundation for Credit Counseling® (NFCC®), the nation’s largest nonprofit financial counseling organization. Founded in 1951, the NFCC’s mission is to promote financially responsible behavior and help member organizations like MMI deliver the highest-quality financial education and counseling services.