- Calculates expense to income ratio.
- Calculates total spent in each of 7 categories.
- Calculates percentage spent in each category
Answers the question, "Where does the money go?"
What is a Budget Calculator Used For?
Simply put, a budget calculator let's you answer that famous question, "Where did all the money go?". Our Budget Calculator also calculates expense groups as a percentage of total expenses. It may be reasonable to have 30% of your expenses go to "Shelter". It probably would not be such a good idea if your "Recreation Expenses" were also 30%.
The budget calculator in SolveIT! also lets you compare projected budgets to actual income and expenses. You'll also be able to save your entries for later use and create budgets and reports which span and summarize an entire year (if you desire).