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.