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Use this handy calculator to help plan your budget.

Budget planner calculator

Frequently asked questions

Even though the initial budget you create can easily be used as a guideline for all future budgets, you should consider reviewing your budget every few months, or updating it whenever your financial situation changes. If you have a fluctuating income, you should take this into account when planning your budget.

The 50/30/20 budgeting rule is an easy guide to show the percentage of your salary you should be spending or saving. With this rule you allocate:

  • 50% on needs - such as your rent or home loan repayments, transportation, your weekly shop, paying off any other debt, health and insurance payments, education and utility bills.
  • 30% on wants - such as your morning coffee, dining out, shopping, entertainment, hobbies, holidays etc.
  • 20% on financial goals - such as an emergency fund, savings accounts (e.g. saving for a holiday or a car), additional debt repayments etc.

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