Household budget calculator
Make room for your next move.
Start with five household figures. See what’s left after everyday costs, repayments and the money you plan to put aside.
Your household
Use your current budget or a planned future budget throughout. Count each amount once.
Choose a frequency first, then enter the amount. Changing a frequency converts figures already entered.
Break down only the sections you need. Choosing a breakdown replaces that section’s quick total. Other sections keep their quick totals.
What should I include?
- Income: use household income after tax. Add irregular income only if it is reliable, averaged over the year.
- Housing: include rent and required home-loan repayments. Include both if they overlap, such as while building. Put rates, strata and property upkeep in living costs.
- Other debts: enter repayments, not balances. If you pay a credit card off in full, count purchases in living costs, not again as a card repayment.
- Savings and extra payments: count regular savings, extra loan repayments and new money you plan to leave in an offset once only. Do not enter your savings balance, current offset balance or whole salary.
- Money in an offset stays in a separate account. It may reduce loan interest, but a deposit does not itself repay your loan.
- Allow for annual bills and one-off costs. Choose Yearly for an annual amount instead of adding it again elsewhere.
Frequency conversions use 52 weeks, 26 fortnights or 12 months per year. Changing a frequency converts the amount and keeps its annual total. Displayed conversions are rounded to cents.