Car Payment: If youre making payments on a car loan or lease, enter that monthly amount in the budget calculator here. If you have more than one payment, simply add them together.
Car Insurance: Enter your monthly car insurance payment here. If you pay your car insurance premium every 6 months instead of monthly, divide that payment by 6 to get the monthly amount. Enter that number in the budget calculator on this line.
Gas/Fuel: If youre not sure what to enter here, think about the last time you filled your cars gas tank. How much did you pay? Then, ask yourself how many times you fill your tank in an average month. Multiply the two numbers together and enter that amount on this line.
Remember, if youre creating a joint or family budget and you pay for gas for more than one vehicle, add the amounts for each vehicle together to get the total for the monthly budget calculator.
Car Repairs: Even if your car is under warranty, most car owners still need to pay for routine maintenance like oil changes, brake pads, and new tires. This is another place where the amount can vary wildly from one month to the next.
- Do the best you can to estimate your actual monthly cost
- Choose an amount to set aside every month toward a maintenance “fund”
- Use your “emergency fund” to cover maintenance and repairs
Educational Expenses
School Supplies: This line can be used for anything from college books to pads and pencils for your elementary-school kids. Læs mere Deciding between paying down loans and building your savings can be tough