Remember, tax on income can change throughout the year. It’s a spreadsheet that calculates totals for you. Use our free household budget calculator to work out your total monthly income after expenditure. You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products). This tool resembles the Expenses and Income sections of the NYS Net Worth form mentioned above. But it’s important to ensure your expected monthly living costs, including your monthly rent, are reasonable compared to your income. You’ll need to adjust these percentages based on your specific situation. © Australian Taxation Office for the Commonwealth of Australia This calculator helps you work out where your money is going, and whether your income covers your expenses. Remember, the 50/30/20 rule is just a guideline. Input your details into our ‘living expenses calculator’ to find out how your living expenses compare with the national average. Average monthly living expenses for a family of 4: 5,378. Average living expenses for a couple: 4,118 per month. If you feel that our information does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice. Living cost in Australia for one person: 2,835 per month. Make sure you have the information for the right year before making decisions based on that information.
Discover monthly budget templates, household budget templates, vacation budget. Once you’ve added the finishing touches to your budget template, save it to your devices or print it out.
Some of the information on this website applies to a specific financial year. Easily customize any of these budget templates in Microsoft Excel feel free to change the font, graphics, and more to make your budget feel more personal. If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take. We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations.