Budget Calculator

February 18, 2009 | Posted by Ray Fowler

Check out this nifty budget calculator. Simply enter your monthly take-home income, and the calculator instantly gives you a pie chart breakdown of suggested allocations. For example, the following chart is based on a monthly take-home pay of $2500.

The calculator is based on CNBC personal finance expert Carmen Wong Ulrich’s budget advice. I noticed Carmen does not have a category for giving. So, if you are a Christian committed to regular, proportional giving, then let me suggest that you take your giving out of the take-home pay first, and then enter the remainder into the budget calculator. All in all, this seems like a pretty simple device to help a family or individual get started with a spending plan.