Home Budget Analysis
Analyze your budget, see where your money goes and find out where you can improve!
How the home budget analysis calculator works
It adds up your monthly expenses across categories and subtracts them from your take-home income to reveal your surplus or shortfall, your savings rate, and whether housing is eating too much of your pay.
Worked example: with monthly take-home income of $5,500, housing (rent/mortgage) of $1,700 and transportation of $600, the home budget analysis shows monthly surplus of $900.
- Total income
- $5,500
- Total expenses
- $4,600
- Left to save
- $900
- Housing ratio
- 31%
The formula
Surplus = income − total expenses. Savings rate = surplus ÷ income × 100. Housing ratio = housing ÷ income × 100.
Results are estimates for educational purposes and are not financial advice. Confirm exact figures with your lender, plan administrator or advisor.
Questions about the home budget analysis
What is a healthy savings rate?
Many planners suggest keeping 20% or more of take-home pay for savings and goals, though any positive and rising rate is progress.
How much should I spend on housing?
A common guideline is no more than 30% of income on housing. The calculator flags when your housing ratio exceeds it.
What if my budget shows a shortfall?
Trim the largest discretionary categories first, then look at recurring fixed costs and ways to raise income. The breakdown shows where the money goes.
Is the Home Budget Analysis free to use?
Yes. Every calculator on FinCalculators is completely free, with no sign-up, login or paywall. You can run as many scenarios as you like.