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Budget







[expand title=”Does inflation impact my standard of living?” tag=”h3″]

How does inflation impact my standard of living?

Inflation can erode purchasing power. For example, a dollar today cannot buy the same amount of goods and services it could 20 years ago. It will continue to erode purchasing power in the future. Use this calculator to determine the impact inflation may have on your standard of living.

Assumptions
Number of years for the analysis
Estimated inflation rate (%)
Monthly or annual figures?
Expenses
Mortgage payment or rent ($)
Vacation home (mortgage) ($)
Automobile loan(s) ($)
Personal loan(s) ($)
Charge accounts ($)
Federal income taxes ($)
State income taxes ($)
FICA (social security taxes) ($)
Real estate taxes ($)
Other taxes ($)
Utilities ($)
Household repairs and maintenance ($)
Food ($)
Clothing and laundry ($)
Educational expenses ($)
Child care ($)
Automobile expenses (gas, repairs, etc.) ($)
Other transportation expenses ($)
Life insurance premiums ($)
Homeowners (renters) insurance ($)
Automobile insurance ($)
Medical, dental and disability insurance ($)
Entertainment and dining ($)
Recreation and travel ($)
Club dues ($)
Hobbies ($)
Gifts ($)
Major home improvements and furnishings ($)
Professional services ($)
Charitable contributions ($)
Other and miscellaneous expenses ($)

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[expand title=”How much am I spending?” tag=”h3″]

How much am I spending?

Where does all the money go? An itemization of your living expenses may help you budget better and plan for future expenses. Use this calculator to help you recall and itemize your living expenses.

Assumptions
Monthly or annual figures?
Expenses
Mortgage payment or rent ($)
Vacation home (mortgage) ($)
Automobile loan(s) ($)
Personal loan(s) ($)
Charge accounts ($)
Federal income taxes ($)
State income taxes ($)
FICA (social security taxes) ($)
Real estate taxes ($)
Other taxes ($)
Utilities ($)
Household repairs and maintenance ($)
Food ($)
Clothing and laundry ($)
Educational expenses ($)
Child care ($)
Automobile expenses (gas, repairs, etc.) ($)
Other transportation expenses ($)
Life insurance premiums ($)
Homeowners (renters) insurance ($)
Automobile insurance ($)
Medical, dental and disability insurance ($)
Entertainment and dining ($)
Recreation and travel ($)
Club dues ($)
Hobbies ($)
Gifts ($)
Major home improvements and furnishings ($)
Professional services ($)
Charitable contributions ($)
Other and miscellaneous expenses ($)

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[expand title=”How much do I need for emergencies?” tag=”h3″]

How much do I need for emergencies?

It is prudent planning to have at least three to six months of liquid/cash assets set aside in the event of a loss of job, medical emergency, short-term disability, etc. Use this calculator to help determine how much you need to set aside monthly or as a lump sum to create an emergency fund.

Assumptions
Current gross monthly income ($)
Current emergency funds available ($)
Number of months for fund to last
Before tax return on savings (%)
Marginal tax bracket (%)
Number of months to accumulate funds
Expenses
Total monthly living expenses, if plan to itemize below then leave at 0. ($)
Or Itemize Monthly
Mortgage payment or rent ($)
Vacation home (mortgage) ($)
Automobile loan(s) ($)
Personal loan(s) ($)
Charge accounts ($)
Federal income taxes ($)
State income taxes ($)
FICA (social security taxes) ($)
Real estate taxes ($)
Other taxes ($)
Utilities ($)
Household repairs and maintenance ($)
Food ($)
Clothing and laundry ($)
Educational expenses ($)
Child care ($)
Automobile expenses (gas, repairs, etc.) ($)
Other transportation expenses ($)
Life insurance premiums ($)
Homeowners (renters) insurance ($)
Automobile insurance ($)
Medical, dental and disability insurance ($)
Entertainment and dining ($)
Recreation and travel ($)
Club dues ($)
Hobbies ($)
Gifts ($)
Major home improvements and furnishings ($)
Professional services ($)
Charitable contributions ($)
Other and miscellaneous expenses ($)

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[expand title=”Should I pay down debt or invest more?” tag=”h3″]

Should I pay down debt or invest my monthly surplus?

When you receive some extra money it may be difficult to determine whether you should invest the funds or use them to retire debt. Financial theory recommends that if your after-tax return on investments is greater than your after-tax cost of debt then you should invest. However, remember to consider the inherent riskiness of the investment you select (i.e. you may lose the money you invest yet still have obligations to pay back the liability). Use this calculator to help analyze your situation.

Rates and Assumptions
Interest rate on debt (%)
Is the interest deductible?
Before tax return on investment (%)
Is the interest taxable?
Marginal tax bracket (%)
Monthly funds available ($)

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[expand title=”How long will my money last?” tag=”h3″]

How long will my money last with systematic withdrawals?

You have worked hard to accumulate your savings. Use this calculator to determine how long those funds will last given regular withdrawals.

Savings & Assumptions
Current savings balance ($)
Proposed monthly withdrawal amounts ($)
Annual withdrawal increases (if any) (%)
Annual before-tax return on savings (%)
Federal marginal tax bracket (%)
Desired table display

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[expand title=”Should my spouse enter the work force?” tag=”h3″]

Should my spouse enter the work force?

A working spouse can provide additional needed household income. However, when making your decision, you need to look at the net income generated by a working spouse not simply the gross income. Factors such as health insurance savings, increased daycare expenses, additional transporation costs, etc. need to be considered. Use this calculator to help determine the potential additional take-home pay.

Current Monthly Expenses
Daytime child care (if applicable) ($)
Life insurance premiums ($)
Medical insurance premiums ($)
Monthly Salary and Benefts
Potential gross monthly income ($)
Proposed 401(k) plan contribution (% of salary)> (%)
Employer match (%)
Maximum employer match (%)
Life insurance premiums you will pay ($)
Medical insurance premiums you will pay ($)
Monthly Work-Related Expenses
Business entertaining ($)
Child care ($)
Clothing ($)
Housekeeping ($)
Meals ($)
Transportation ($)
Income Tax Information
Federal marginal tax bracket (%)
State marginal income tax bracket (%)
Would earnings be ‘self-employment’ income?

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[expand title=”What is my current net worth?” tag=”h3″]

What is my current net worth?

In order to get where you want to go, you need to know where you are. You can get a view of your financial position by generating a personal net worth statement. Over time your net worth will change as your assets earn interest or are depleted and your liabilities increase or decrease. Use this calculator to estimate what your net worth could be in the future based on specified growth rates.

Tangible Assets
Value
Residence ($)
Vacation home ($)
Furnishings ($)
Automobiles ($)
Rental real estate ($)
Art, jewelry, and other valuables ($)
Equity Assets
Value
Stocks ($)
Variable annuities ($)
Limited partnerships ($)
Business interests ($)
Fixed-Principal Assets
Value
Fixed-dollar annuities ($)
Trust deeds ($)
Other fixed-principal assets ($)
Fixed-Rate Assets
Value
U.S. government bonds and securities ($)
Municipal bonds ($)
Corporate bonds ($)
Face-amount certificates ($)
Debt mutual funds ($)
Cash and Cash Equivalents
Value
Checking accounts ($)
Savings accounts ($)
Money market funds ($)
Certificates of deposit ($)
Other cash reserve accounts ($)
Liabilities
Value
Home mortgage ($)
Other mortgage ($)
Automobile loans ($)
Bank loans ($)
Personal loans ($)
Charge account debt ($)
Other debts ($)

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[expand title=”What is my projected net worth?” tag=”h3″]

What is my projected net worth?

In order to get where you want to go, you need to know where you are. You can get a view of your financial position by generating a personal net worth statement. Over time your net worth will change as your assets earn interest or are depleted and your liabilities increase or decrease. Use this calculator to estimate what your net worth could be in the future based on specified growth rates.

Assumptions
Number of years to estimate net worth
Tangible Assets
Value Growth
Residence ($)
Vacation home ($)
Furnishings ($)
Automobiles ($)
Rental real estate ($)
Art, jewelry, and other valuables ($)
Equity Assets
Value Growth
Stocks ($)
Variable annuities ($)
Limited partnerships ($)
Business interests ($)
Fixed-Principal Assets
Value Growth
Fixed-dollar annuities ($)
Trust deeds ($)
Other fixed-principal assets ($)
Fixed-Rate Assets
Value Growth
U.S. government bonds and securities ($)
Municipal bonds ($)
Corporate bonds ($)
Face-amount certificates ($)
Debt mutual funds ($)
Cash and Cash Equivalents
Value Growth
Checking accounts ($)
Savings accounts ($)
Money market funds ($)
Certificates of deposit ($)
Other cash reserve accounts ($)
Liabilities
Value Growth
Home mortgage ($)
Other mortgage ($)
Automobile loans ($)
Bank loans ($)
Personal loans ($)
Charge account debt ($)
Other debts ($)

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[expand title=”What is my current cash flow?” tag=”h3″]

What is my current cash flow?

Businesses generate a sources and uses of cash statement to evaluate their income and expenses and to check profitability. Similarly, a cash flow statement can help you evaluate your personal income and expenses and see if you are running ‘in the red or the black’ each month.

Assumptions
Monthly or annual figures?
Itemized Income
Wages, salary and tips ($)
Interest on savings accounts, CDs, etc. ($)
Dividends from stocks, etc. ($)
Social security benefits ($)
Pensions ($)
Alimony, child support (received) ($)
Other income ($)
Itemized Expenses
Charitable/Church donations ($)
Mortgage payment or rent ($)
Vacation home (mortgage) ($)
Automobile loan(s) ($)
Personal loan(s) ($)
Charge accounts ($)
Federal income taxes ($)
State income taxes ($)
FICA (social security taxes) ($)
Real estate taxes ($)
Other taxes ($)
Utilities ($)
Household repairs and maintenance ($)
Food ($)
Clothing and laundry ($)
Educational expenses ($)
Child care ($)
Automobile expenses (gas, repairs, etc.) ($)
Other transportation expenses ($)
Life insurance premiums ($)
Homeowners (renters) insurance ($)
Automobile insurance ($)
Medical, dental and disability insurance ($)
Entertainment and dining ($)
Recreation and travel ($)
Club dues ($)
Hobbies ($)
Gifts ($)
Major home improvements and furnishings ($)
Professional services ($)
Other and miscellaneous expenses ($)

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[expand title=”What is my projected cash flow?” tag=”h3″]

What is my projected cash flow?

Businesses generate a sources and uses of cash statement to evaluate their income and expenses and to check profitability. They also create a proforma which is a projection of future cash flows based on assumptions about growth/decline of income and expenses. Similary, a projected cash flow statement can help you evaluate your personal income and expenses and see if you potentially may run ‘in the red or the black’ at a future date.

Assumptions
Monthly or annual figures?
Number of years to project growth
Itemized Income
Amount Annual Growth
Wages, salary and tips ($)
Alimony, child support (received) ($)
Dividends from stocks, etc. ($)
Interest on savings accounts, CDs, etc. ($)
Social security benefits ($)
Pensions ($)
Other income ($)
Itemized Expenses
Amount Annual Growth
Mortgage payment or rent ($)
Vacation home (mortgage) ($)
Automobile loan(s) ($)
Personal loan(s) ($)
Charge accounts ($)
Federal income taxes ($)
State income taxes ($)
FICA (social security taxes) ($)
Real estate taxes ($)
Other taxes ($)
Utilities ($)
Household repairs and maintenance ($)
Food ($)
Clothing and laundry ($)
Educational expenses ($)
Child care ($)
Automobile expenses (gas, repairs, etc.) ($)
Other transportation expenses ($)
Life insurance premiums ($)
Homeowners (renters) insurance ($)
Automobile insurance ($)
Medical, dental and disability insurance ($)
Entertainment and dining ($)
Recreation and travel ($)
Club dues ($)
Hobbies ($)
Gifts ($)
Major home improvements and furnishings ($)
Professional services ($)
Charitable contributions ($)
Other and miscellaneous expenses ($)

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[expand title=”What is the value of reducing, postponing or foregoing expenses?” tag=”h3″]

What is the value of reducing, postponing or foregoing expenses?

Use this calculator to help determine what you could accumulate by reducing or eliminating discretionary monthly expenses.

Savings and Assumptions
Return on savings (%)
Number of years to estimate savings
Expenses You Can Reduce Or Postpone Monthly Amount

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