Calculators > Budgeting > Budget calculator

Budget calculator

Making a budget that suits you can be one of your most powerful tools for getting ahead financially. This calculator makes it easy!

You can use this calculator as an individual, a couple or a household.

Once you've done your budget, sign up to save it in My Plan along with any other calculations you make at Sorted. Then you can come back later to track your progress to reaching your goals.

 

Page 1 - Income after tax

 

Net Income

Target
Actual
Per period
1. My after tax salary or wages
$
$
2. My partner's after tax salary or wages
$
$
3. Business income
$
$
4. Interest / earnings on investment
$
$
5. Board or rent received
$
$
6. Superannuation received
$
$
7. Child support
$
$
8. Working for Families income
$
$
9. Benefits/allowance
$
$
10. Student allowance / loan
$
$
11. Family help
$
$
12. Other
$
$
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Prior to changing your personal finances as a result of this calculation we recommend you view our disclaimer.
Notes on this calculator
  1. Results are in today's dollars – this means that any amount you pay or receive in the future will have the same buying power as this many dollars today.

    For example, if you could buy something worth $1000 now, in 10 years time, you would need $1220 ("nominal dollars") to buy that same thing (assuming 2% inflation). The $1220 nominal dollars in ten years time is equivalent to $1000 today's dollars.This means that the actual dollar amounts that you pay or receive are likely to be more than the figure quoted here, but it will have the same current buying power.

    Learn more about Today's Dollars.
  2. These calculators are designed to give you ballpark figures only - in other words, they won't be exact to the absolute dollars and cents.
  3. You don't need to use dollar signs or commas when inserting dollar amounts. Example: 10500 not $10,500.
  4. Target
    This is the amount you'd like to be getting or spending for any given item in your budget. You may want to earn a certain amount from investments, or increase your wage, or reduce your weekly spending on takeaways for example. By noting your targets for certain items, you can track progress towards your budget goals.
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  5. Actual
    This is the amount you are currently getting or spending for any given item in your budget. The more accurate your 'Actual' figures are the closer your budget will be to your real situation. Then you can make realistic decisions about how to handle your money. Having an accurate and realistic budget is a powerful tool for getting ahead financially.
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