# Budget Calculator

### PERSONAL AVERAGE ESTIMATION

Planning and calculating the family budget may seem complicated, but it is simple and affordable for everyone. The Calculator you can access with one click will help to digitally insert the expenditure items and revenues, obtaining a scheme that you can print and set according to the weekly, monthly, quarterly, semiannual or annual frequency that you feel most consistent with your life plan.

Do you have any doubts about the distribution of your expenses? In order to do this it is not necessary to rely on complicated mathematical calculations, we suggest you to follow the rule of 50/20/30, developed by the economist Elisabeth Warren. Thanks to this rule the management of the family budget is within everyone's reach.

These numbers are nothing more than percentages of total expenditure, and in particular correspond to what must be periodically spent according to this subdivision:

- 50% of the available budget, must be used for essential expenses, such as rent or mortgage payment, for utility bills such as electricity, water and gas, for transport costs, the purchase of food and all other necessary expenses you can not avoid;

-20% of the budget must be set aside as a form of savings to mitigate risks of extraordinary expenses and / or events, or destined after a phase of accumulation to investments and thus to the achievement of certain financial goals.

-The remaining 30% should be used for those variable expenses related to the quality of life, such as a dinner out, a recurring birthday present or just to see a movie at the cinema with friends. However, the costs for the gym, a holiday and the purchase of non-essential products come under “discretionary” expenses.

Now you just need to try our calculator by applying this method and to define with experience the most functional rules and percentages for yourself.

Remember that with a minimum organization of your budget, you can improve the conditions of your financial well-being, gaining awareness, mastering your money and carefully protecting your working income.

Let’s try to use it!

### INCOME

AMOUNT €/\$ FREQUENCY
Net salary or pension (payroll)
Invalidity pension
Alimony check
Welfare check
Other income (i.e. real estate rents, accrued interests on investments)

### EXPENSES

#### Ordinary household expenses

AMOUNT €/\$ FREQUENCY
Mortgage or rent payments
Utilities (electricity, heating gas, water, internet, telephone)
Grocery - food expenses
Transportation expenses (i.e. public transports, car insurance, car taxes)
Health expenses (doctor visits, medicines)
Children management expenses (i.e. baby-sitters, kinder garden, napkins)
Expenses to take care of the elderly or disabled relatives (i.e. home assistance, in-house nurses, care facilities, assisted living, implants, hearing aids…)
Clothing and shoes

#### Extraordinary household expenses

AMOUNT €/\$ FREQUENCY
Maintenance expenses (house, garden, appliances)
Maintenance expenses for transportation means
Health expenses (doctor visits, medicines)
New furniture or appliances' expenses

#### Financial expenses, interests, taxes

AMOUNT €/\$ FREQUENCY
Car, house insurance
Financial expenses (i.e. current account costs/ credit cards costs)
State, city taxes, other stamp duties
Other expenses

#### Discretionary expenses and social life-style expenses

AMOUNT €/\$ FREQUENCY
IT expenses
Dinner / drinks out with family and friends
Books, Music, Videos
Sport / fitness expenses
Pay-on-demand services (i.e. Sky, NetFlix, Fastweb…)
Recreational expenses (i.e. cooking classes, acting courses, foreign languages’ classes)
Gifts and donations
Holidays
Other expenses