FIDO's budget planner
FIDO's Budget Planner will help you work out what your regular income and expenses are. It's much more thorough than planners you may have had to fill out for a loan, so it will help you draw up a really accurate picture of how you are managing your money.
| Online version | View the online version of the budget planner (requires Adobe Flash Player).
Note: you are able to print results but not save. | |
| Excel version | Download the excel spreadsheet version of the budget planner (click on icon to right).
Note: you are able to print and save results. | |
| Print version | Download a print version  of the budget planner. |  |
| What the planner does | FIDO's budget planner sorts your income and expenses, and calculates your weekly, fortnightly or monthly surplus or deficit.
See an example of what the calculator can show you (right).
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| Information you'll need | You'll need your payslip or income tax return, records of any other regular income, and as many bills, shopping dockets, accounts, credit card and bank statements as you can find for the past year. |
Tips for more accurate results
- Remember to use your after tax income.
- Leave out any irregular income that you would not usually receive, for example overtime that is not regular or bonuses for unusually good performance.
- Calculate all income and expenses consistently for the period you have chosen eg per week, per fortnight or per month. If you need help with this, the Budget Planner includes a converter to turn annual and quarterly payments into weekly, fortnightly and monthly amounts.
- Check your payslip for any deductions (except tax) already made, for example superannuation, health insurance, company car. For the most accurate picture, add these amounts back on to your income and then include them in your expenses.
- If you receive any income that has not been taxed, then deduct your estimate of tax due before entering that amount as part of your income. Dividends from company shares may include 'imputation credits', or tax already paid at the company tax rate as set out on your dividend statement. When you estimate tax due on dividends remember to deduct any imputation credits. Imputation credits reduce your tax bill.
What to do after you've got your budget plan
Now you know what you're spending your money on, you can plan to get your expenses under control.
Tips on keeping to your plan so you can find extra money to spend.
More about managing your money
All calculators
FIDO Website: Printed 09/03/2010
