The Simple
Household Calculator

How it works: Find out your real income as well as expenses. Then let the owl show you the way to financial security and growth.
1

My Income

I am years old.

My after tax income is € per .

I also receive another € per .
2

My Expenses

  • Rent or Mortgage
    € per
  • Groceries + Takeout
    € per
  • Electricity
    € per
  • Heating
    € per
  • Water
    € per
  • Mobile + Landline
    € per month.
  • Transportation (Gas or Bus)
    € per month.
  • Car Service + Tax + Insurance
    € per year.
  • Pesonal Taxes + Insurance
    € per year.
  • Activities (sports, lessons etc)
    € per
  • Other (clothing, equipment etc)
    € per
Income 2.000 €
Expenses 1.299 €
450 €
3

Results

  • Your income is 24.000 € per year.
  • Your expenses are 15.590 € per year.
Each month corresponds to 2.000 € of income, while you spend 1.299 €. This means that you have extra 701 € money per month for fun, savings and emergencies.

  1. Begin saving 450 € per month, which corresponds to 23% of your income.
  2. in 9 to 17 months, you will have a cash emergency fund of 3.900 to 7.800 € that corresponds to 3 to 6 months of expenses.
  3. Then you can start investing the 450 € per month, in order to grow your wealth. Learn more here.
4

Did you know?

  • By your 40, you will have 89.426 € if you invest the 450 € per month with 9% interest rate. (check the Simple Savings Calculator for more)
  • By your 50, you will have 301.128 € if you invest the 450 € per month with 9% interest rate. (check the Simple Savings Calculator for more)
  • By your 45, you will reach financial freedom, if you invest the 450 € per month with 9% interest rate. That means that your expenses will be covered by your savings. (check the Simple Financial Freedom Calculator for more)
  • You could be receiving 10.772 € per month after your 65 using the 1.269.674 € that you would have raised. Check the Simple Retirement Calculator for more.
  • With theses savings, you could be a millionaire by the age of 63.