Take a Look at the Numbers
Here's a snapshot of your budget:
Congratulations! You still have money left over. You have a great budget!
You've broken even! If you'd like to have more cash on hand, take a close look your budget for some ways to save.
More money is going out than coming in. It's vital you take a close look at your budget today for some ways to save.
Your current savings is higher/lower than the recommended amount.
Ways to save more
Your current housing budget is within/not within the recommended amount.
Ways to reduce your housing budget
Your current household budget seems appropriate/on the high end.
Ways to reduce your household expenses
Your current food budget is more/less than the recommended amount.
Ways to reduce your food bill
Your current transportation budget is higher/lower than the recommended amount.
Ways to reduce your transportation costs
Your current student loan budget seems manageable/too high.
Ways to reduce your student loan payments
Your current budget for miscellaneous expenses is higher/lower than the recommended amount.
Ways to reduce your miscellaneous expenses
- If you are not sure how much you will earn, visit salary.com and search for the career you plan to pursue. For this exercise, use the minimum salary listed, just to be on the safe side.
- If you haven't started paying your loans and don't know what your payments will be, use our Loan Repayment Calculator to get an idea.
- If you are unsure about the total amount of your student loan debt, visit nslds.ed.gov to obtain this information.
My Annual Budget