Money out is what leaves the scenario. It includes everyday expenses, regular bills, debt payments and contributions to savings or investments.
Start with the costs that shape the answer
- Housing and utilities.
- Food and transport.
- Insurance, rates and other periodic bills.
- Debt repayments.
- Regular savings or investment contributions.
You do not need to list every coffee before the calculator can be useful. Begin with the amounts that could change the decision.
For a thoughtful way to decide what belongs in a budget, read The Art of the Budget.