Budget Calculator, Budgeting Tools

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A budget calculator helps individuals and business organizations to keep track of all the sources of income and items of expenditure. A variety of budget software, with features developed to facilitate budget planning, is available in the market. A budget spreadsheet can be useful in listing savings accounts, auto maintenance, insurance payments and miscellaneous expenses, such as visits to a restaurant. These budgeting tools can prove to be extremely helpful in preparing an effective financial plan.


A budget calculator helps individuals and business organizations to keep track of all the sources of income and items of expenditure. A variety of budget software, with features developed to facilitate budget planning, is available in the market. A budget spreadsheet can be useful in listing savings accounts, auto maintenance, insurance payments and miscellaneous expenses, such as visits to a restaurant. These budgeting tools can prove to be extremely helpful in preparing an effective financial plan.

The most important function of a budget calculator is that it shows the difference between the budgeted and actual amounts at any given point in time. Also, it can be programmed to pop up alerts when one spends more than the resources allocated. There are other features that help in the allocation of money for spending, keeping the purpose of savings intact. One can instantly calculate what percent of the income has been saved at any point in time.

Special budget calculators are available for creating budget plans for the whole family. Through such software, one can also create a separate budget for each family member. Some budget calculators come with a feature called payment scheduler, which gives reminders for making due payments. There is an option for monitoring the expenses of children.

How to Find a Budget Calculator

Budget calculators can be found on the Internet for a premium. There are several websites on which such budget software is available. On making the payment through a credit card, the software would be instantly sent by e-mail.

There are also some online portals that offer live budget calculation functions. Those looking for such assistance can register themselves with these websites by paying for the service. These portals design customized budgets by asking the details of the budgeting expectations of customers. They place all accounts of a customer at one place in their server. Through the budgeting tools provided by them, the customer can easily manage his budget.

Budget calculators are mostly multifunctional. They provide for static and actual budgeting functions for the purpose of planned and real time budgeting. They are customizable and also provide the features of generating a printable household budget report.

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