⚡ CalcMate

Budget Planner

Create a personal budget with categorised income and expenses to find your surplus, deficit, and savings rate.

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Your take-home pay after tax and super

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Rental income, side hustle, dividends, etc.

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Electricity, gas, water, internet, phone

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Fuel, public transport, tolls, car repayments

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Health, car, home/contents, life insurance

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Streaming, gym, memberships, apps

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Clothing, gifts, kids, pets, misc

How It Works

The budget planner sums your total monthly income and total monthly expenses across all categories. Your surplus (or deficit) is income minus expenses. Your savings rate is surplus divided by income, shown as a percentage. The calculator also shows a breakdown of spending by category as percentages to highlight where your money goes.

Frequently Asked Questions

What is a good savings rate?

Financial planners generally recommend saving at least 20% of your after-tax income (the 50/30/20 rule: 50% needs, 30% wants, 20% savings). The average Australian household saves around 3-5% of disposable income, so anything above 10% is solid.

How much should I spend on rent in Australia?

The common rule of thumb is no more than 30% of gross income on housing. In 2025, the average Australian household spends around 28-32% of income on rent or mortgage repayments, though this is higher in Sydney and Melbourne.

What expenses do Australians underestimate most?

Insurance, car running costs (rego, servicing, tyres), and subscriptions are commonly underestimated. Most people also undercount dining out and takeaway spending by 30-50% compared to bank statement data.

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Calculate your home loan repayments, total interest payable, and amortisation schedule.

Fuel Cost Calculator

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