Looking for a more streamlined way of balancing your budget? Compare the Market’s Budget Planner gives you the ability to determine how you’re spending your money.

Just enter your income and expense details into the appropriate fields and select the correct frequency. Once you have entered all the relevant information, you can view a summary of your budget, which breaks down all your income and expenses into weekly, fortnightly, monthly and annual categories.

For accurate calculations:

  • Ensure that your net income reflects the figure of your regular pay slips.
  • Include all expenses you can think of, no matter how trivial they may be.
  • Add any additional income or expenses that may not fit into a category should be entered in the “Other” category.
  • Select the correct frequency (if you determine your income annually, select Yearly).

Calculations are provided by VisionAbacus Pty Ltd ACN 140 627 765 (VisionAbacus). Whilst every care is taken to ensure the accuracy of the information as a guide for costing, no responsibility is accepted by VisionAbacus for its accuracy. Please check with a mortgage broker, accountant, financial advisor or other suitably qualified professional for an accurate estimate. Compare the Market Pty Ltd takes no responsibility for the calculations or information provided on this website by VisionAbacus nor any liability for the accuracy of or reliance upon or use of such calculations or information. Before deciding to purchase any product you should calculate the actual costs (as the calculators contain general information only and may not suit your particular circumstances) and read the relevant product terms and conditions. Calculations are not an offer of credit and don’t include any applicable fees.

There are numerous expense categories that can be taken into account in the Budget Planner.

These include:

  • Home expenses
  • Living expenses
  • Vehicle and transport
  • Mortgage and debt repayments
  • Leisure and entertainment
  • Insurance and superannuation

By entering expenditure amounts in each of these categories, you can get an accurate budget summary of your finances.

With the Budget Planner, you can determine how much money you have once your expenses are paid. From there you can identify where you need to allocate your income, and which expenses you may need to cut back on.

What can the Budget Planner be used for?

Since a lot of our plans in life are based around money, the budget calculator has numerous uses. For example, if you are looking to get a loan at some point in the future – whether it’s for a car, home, or other purposes – you can use the budget calculator to identify how much money you are saving with your current income and expenditure habits.

If you are struggling financially, the Budget Planner can also help you adjust your lifestyle. By identifying how much money from your various expenses, you can determine which areas of your life you are potentially spending too much money on. This information can help you take action and control your expenditure.

Use our other online calculators

Whether you’re looking to get a home loan or simply determine how much money you will have after tax and expenses, Compare the Market offers a variety of online calculators to help you manage your finances – and best of all, they are all free to use. You may choose from our following online calculators:

 

single alexksander portrait in bottom global block

Ready to look for a better deal? It’s easy to compare with us.

Compare home loans
single sergei portrait in bottom global block