FREE FINANCIAL PLANNING TOOL
Monthly budget & debt planner
Enter your monthly take-home income for a 50/30/20 starting point. Add actual spending in Advanced to calculate what is left, or explore detailed costs, bill reserves and debt plans.
YOUR RESULT
Your starting budget will appear here.
Enter your income and select Calculate my budget. Add actual spending in Advanced to calculate your monthly surplus or shortfall.
Advanced optionsAdd actual spending and savings, detailed rows, bill reserves or debt comparisons.
Check your actual monthly budget.
Complete these four totals to calculate money left after spending and saving. Enter 0 for a category you do not have; a blank stays unknown. Any separate bill reserves entered below also count.
Continue with this budget in Debt PayoffReview your debt inventory and choose an extra payment before carrying it forward.
Your linked debt inventory can become a starting point for the full debt-payoff and balance-transfer tools. Complete the active budget and turn on its debt-inventory link first.
This extra amount must fit the unallocated cash after your existing allocations. Debt payoff and HELOC strategies are alternative uses of that amount; using both would require a new budget. Check payment dates and the cash cushion you need.
The next page will ask before replacing any debt inputs. This temporary handoff stays in this browser tab. Save or download your budget first if you want to reopen the complete budget later.
GO DEEPER WHEN YOU ARE READY
Your advanced planning workspace.
Open only the sections you need. Your budget, debt payoff and velocity-banking scenarios stay connected.
Income sources1 included sources · net income, payment frequency and scenario switches
Use take-home amounts. Exclude rental income you have already counted elsewhere and retain its related costs. Income rows drive the budget only in Detailed planner mode.
| Include | Income source | Net amount ($) | Received | Remove |
|---|---|---|---|---|
Spending: current vs. planned1 included categories · compare changes without losing your starting budget
Blank planned amount means keep the current amount. Uncheck anything already deducted from payroll or included elsewhere. For a mortgage payment that includes taxes and insurance, do not enter those bills twice.
| Include | Expense | Category | Current ($) | Planned ($) | Frequency | Remove |
|---|---|---|---|---|---|---|
Detailed mode totals only the rows you include. Review your statements for omitted expenses; the planner cannot detect missing categories.
Irregular bills & cash reserves0 bills · $0 monthly set-aside · emergency cash target
Enter each bill amount and frequency. These reserves are additional to your everyday spending. A $1,800 bill every six months needs $300 a month; it is not spare money for debt payoff.
| Include | Bill | Amount each time ($) | Frequency | Remove |
|---|
Debt elimination: avalanche vs. snowball0 debts · fixed-payment baseline, payoff order and month-by-month breakdown
Enter a sustainable required payment for each debt. Avalanche sends extra money to the highest rate; snowball targets the smallest remaining balance. Both keep other payments current and roll freed payments forward.
| Debt | Balance ($) | APR (%) | Monthly payment ($) | Remove |
|---|
Budget room before extra payments: Unknown. Link the inventory to verify that these minimums and the extra payment fit your budget.
Constant APRs, monthly interest and no new borrowing or fees. Fixed-dollar payments do not reproduce a card issuer’s declining minimum. The model stops at 600 months. A growing balance is retained in the schedule. Plans here and in velocity banking are alternatives, not additive allocations.
Velocity banking & HELOC comparisonsRegular pay, extra principal, bill-reserve sweep and full-income sweep — with the same budget
First compare paying extra directly. A sweep temporarily uses income or bill reserves to lower a daily balance, then borrows money back for spending. Your income has not increased, and future bills still need funding.
Income: $0 · Protected savings: $0 · Bill reserve: $0 · Available for extra payments: Unknown. Protected savings and unused surplus stay outside the line.
Educational approximation: 30-day months, APR ÷ 360 daily interest, one income day, one spending day, end-of-cycle reserve bills and end-of-month regular payments. Cash cannot fall below zero. A temporary zero loan balance is not permanent payoff if future bills are unfunded. Cash interest, taxes, actual lender accrual rules and post-draw repayment terms are excluded.
CFPB: understand HELOCs. A lender can restrict redraws, rates can rise, and your home secures the debt. The monthly model does not establish that a sweep will be available or beneficial.
Save or reopen a planKeep editable inputs in this browser or download a file. No account needed.
Save a named scenario, then reopen it when your numbers or quote change. Plans contain your entered amounts, not verified offers or saved calculation results. Recalculate after loading.
Files and browser copies can contain financial details. This feature does not upload them or share them with lenders. Clearing browser data can erase browser copies.
Make the plan yours.
This workspace follows a linked budget: net income, current and planned spending, bill reserves, debt schedules and a separate velocity-banking comparison. Optional sections stay out of the way until you need them. Included blank amounts remain unknown; excluded rows contribute nothing.