Household Budget Calculator  

Backed by Experts

Our Household Budget Calculator is backed by insights from Carlisle Homes’ finance experts, designed to help you manage your money and control spending effectively. Reflecting real-world financial conditions in Australia, the tool considers factors like tax obligations and common household expenses. Whether you’re saving for a home or simply tracking your spending, this calculator provides insights tailored to Australian homeowners.

Enquire now

Complete the form to start your home building journey today.

Privacy Notice
Your information is collected by Carlisle Homes Pty Ltd and will be used and held in accordance with our Privacy Policy. This information is collected for the purpose of inclusion on our communications database and for the purpose of providing access to key features on our website. The purpose of this communications database is to provide members with information about Carlisle Homes and/or our related services or products. For further information on our Privacy Policy or our complaints process please read our Privacy Policy.

How do you create a budget?  

Our Cost Of Buying A House Calculator provides estimates based on the information you enter, such as the purchase price, stamp duty, and legal fees. While it’s a helpful guide, actual costs may vary depending on your location and lender terms.

To create a budget, list your monthly income and then break down your expenses into housing, utilities, groceries, transportation, and entertainment categories. Follow these steps:

1. Calculate your total income: Include all sources of income, such as salary, side jobs, or passive income.
2. List your fixed expenses: These are regular, unchanging costs like rent or mortgage, utilities, insurance, and loan repayments.
3. Track variable expenses: These can fluctuate each month, such as groceries, transportation, entertainment, and dining out.
4. Set savings goals: Allocate a portion of your income for savings, whether for an emergency fund, home deposit, or retirement.
5. Review and adjust: Regularly review your budget and adjust it, if necessary, based on changes in income or expenses.

Using our budget calculator can help you simplify the process and stick to your financial plan.  

How accurate are the estimates from the Household Budget Calculator?

The Household Budget Calculator provides estimates based on the information you input. While it offers helpful guidance, the accuracy of the results depends on the details you provide and does not account for unexpected financial changes.

Can I use this calculator to track different types of expenses?

The calculator allows you to track various expenses, including essentials like housing and utilities, and other expenses, such as entertainment, transportation, and savings contributions.

How often should I update my budget with this calculator?

Updating your budget regularly is recommended, especially if your income or spending habits change. Keeping your budget up to date gives you an accurate picture of your financial situation.

Can I export or save the results generated by the Household Budget Calculator?

Yes, you can save or export the calculator's results. This allows you to track your progress over time and revisit your budget when adjusting or setting new financial goals.

How does the calculator help me set savings goals?

The Household Budget Calculator allows you to input specific savings goals and track your progress toward achieving them. It helps you allocate funds toward your goals while managing your essential expenses and discretionary spending. Read more tips about creating an annual budget.

Can this calculator help with pre-qualifications for loans?

While the Household Budget Calculator is not a loan calculator, it helps you manage your finances and plan your pre-qualifications by providing a clear overview of your income and expenses, which lenders often review during loan applications.