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Home Budget Calculator

Home Budget Analysis Calculator

Managing your monthly budget can be difficult and frustrating. One of the most important aspects of controlling your budget is to determine where your money is going. This calculator helps you do just that. By entering your income and monthly expenditures, you can see how much you have left to save and where your money is being spent. In addition, you can click the "View Report" to see your entries results in detail, which can help identify areas for improvement.

Please refer to the "Definitions" directly below the calculator area to help you understand each section of the calculator.


Home Budget Analysis Descriptions

  • Gross Amount Paid
    • Your total gross income from your paycheck.
  • Other Income
    • Any other income that you receive including bonuses, alimony, child support or income from a business.
  • Federal Tax Withholding
    • Total amount withheld for federal taxes. Enter this amount from your pay stub.
  • State Tax Witholding
    • Total amount withheld for state taxes. Enter this amount from your pay stub.
  • Local Tax Witholding
    • Total amount withheld for local taxes. Enter this amount from your pay stub.
  • Other Income
    • Total amount withheld for any other taxes or miscellaneous item. Enter this amount from your pay stub.
  • Other Taxes and Witholding
    • Total amount withheld for any other taxes or miscellaneous item. Enter this amount from your pay stub.
  • FICA
    • Total withheld for FICA (Federal Insurance Contributions Act) is based on the gross income on your paycheck.
  • Medicare
    • Total withheld for Medicare based on the gross income on your paycheck.
  • Insurance and Benefits
    • Total amount withheld for insurance and benefits by your employer. Enter this amount from your pay stub.
  • Company Retirement Savings Plan
    • Total amount withheld from your paycheck that is deposited into a company retirement savings plan such as a 401(k) or 403(b).

Calculator Disclaimer

The Calculator Planning Tools are provided to you for illustrative purposes and are not guaranteed or intended to provide advice. The calculations you perform are based on the information you enter and should be used only as guidelines. The calculations do not represent terms or interest rates available from First Bank or whether you qualify for an account or loan. For more information please see our full Terms of Use or Contact Us if you have questions.