Adding Your Numbers

Money in is income that becomes available to your household. Common examples include wages, salary, self-employment income, benefits, pensions, rent received and regular support payments.Enter the ...

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 answerHousing and ...

In your scenario, choose Add Items, create a new item and select Income.Enter the useful detailsGive the income a clear description.Enter the amount you receive.Choose how often it arrives.Save it ...

Choose Add Items in the scenario, create a new item and select Expense.Name the cost in a way you will recognise.Enter the amount.Choose its real frequency, such as weekly, monthly or yearly.Save t...

Choose Add Items, create a new item and select Debt.Enter four important figuresThe current balance.The regular payment amount.How often that payment is made.The interest rate.The balance and inter...

Choose Add Items, create a new item and select Investment. You can use this for savings or an investment you want included in the scenario.Useful detailsA clear description.Its value now.Any regula...

Choose the frequency that matches how the money really arrives or leaves. The calculator converts recurring amounts into comparable daily, weekly, monthly and yearly totals.Weekly uses 52 payments ...

Use the frequency that best describes the full cost. Annual insurance can be entered as Yearly, rates may be Quarterly, and a twice-yearly bill can be entered as 6 Monthly.The calculator spreads re...

If the amount has changed in real life, update the item in the scenario you use as your current picture.Keep the old version when it still teaches you somethingUpdate the existing scenario when you...