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The aim of
this Budget Planner is to discover your current expenditure and use this
information to estimate what income you will need in retirement. |
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Type in your current expenditure in the
relevant boxes – the planner will automatically convert any figure to a
monthly amount which will appear in the first column titled “Monthly Total
Now”. |
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Then in the final column titled “Monthly
Total In Retirement” you put in what you think the monthly amount for each
item of expenditure will change to once you have retired. |
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Please remember some items of expenditure
may disappear completely (for example you may be currently paying a mortgage
but this may be paid off by the time you retire), other items may reduce
(e.g. travelling expenses) and others, such as expenditure on hobbies, may increase. |
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Finally click on the Results tab to see what income you are likely to need in
retirement. |
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1.
Home Expenses |
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Weekly |
Monthly |
Quarterly |
Annually |
|
Monthly Total Now |
Monthly Total In Retirement |
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Mortgage/Rent |
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Council
Tax |
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Water
Rates/Metering Charge |
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Electricity |
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Gas |
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Oil |
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Home
Maintenance/Factor Fees |
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Garden
Maintenance |
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Home
Insurance (Building & Contents) |
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Household
Cleaning/Cleaner |
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Home
Phone |
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Internet/Broadband |
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Mobile
Phone |
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TV
Licence |
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Enter
any other home expenses here |
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Enter
any other home expenses here |
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Enter
any other home expenses here |
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Total
Home Expenses |
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2.
Insurances |
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Weekly |
Monthly |
Quarterly |
Annually |
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Monthly Total Now |
Monthly Total In Retirement |
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Life/Critical
Illness Insurance |
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Mortgage
Term Insurance |
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Mortgage
Payment Protection Insurance |
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Travel
Insurance |
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Pet
Insurance |
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Private
Medical Insurance |
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Private
Dental Insurance |
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Plumbing/Heating
Maintenance Insurance |
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Enter
any other insurances here |
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Enter
any other insurances here |
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Enter
any other insurances here |
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Total
Insurances |
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3.
Food, Drinks & Smoking |
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Weekly |
Monthly |
Quarterly |
Annually |
|
Monthly Total Now |
Monthly Total In Retirement |
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Household
Food Shopping |
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Meals/Eating
out |
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Takeaways |
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Snacks/Sandwiches
& Coffees |
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Meals/Eating
at work |
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Drinking
at home |
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Drinking
out |
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Tobacco
& Cigarettes |
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Pet
Food |
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Enter any other Food, Drinks & Smoking
spending here |
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Enter any other Food, Drinks & Smoking
spending here |
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Enter any other Food, Drinks & Smoking
spending here |
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Total
Food, Drink & Smoking |
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4.
Car & Other Travel Expenses |
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Weekly |
Monthly |
Quarterly |
Annually |
|
Monthly Total Now |
Monthly Total In Retirement |
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Petrol/Diesel
or other Fuel costs |
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Car
Insurance |
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Car
Maintenance/Warranty costs |
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Car
Road Tax |
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Car
Parking permit/charges |
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Car
Breakdown/Recovery cover |
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Rail/Bus/Taxi
travel |
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Enter any other Car & Other Travel
Expenses here |
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Enter any other Car & Other Travel
Expenses here |
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Enter any other Car & Other Travel
Expenses here |
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Total
Car & Other Travel Expenses |
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5.
Finances & Credit Repayments |
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Weekly |
Monthly |
Quarterly |
Annually |
|
Monthly Total Now |
Monthly Total In Retirement |
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Bank
Account charges/fees |
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Overdraft
repayments |
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Car
Finance repayments |
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Personal
Loan repayments |
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Hire
Purchase repayments |
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Credit
Card repayments |
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Store
Card repayments |
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Enter any other Finances & Credit
Repayments here |
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Enter any other Finances & Credit
Repayments here |
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Enter any other Finances & Credit
Repayments here |
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Total
Finances & Credit Repayments |
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6.
Savings & Investments |
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Weekly |
Monthly |
Quarterly |
Annually |
|
Monthly Total Now |
Monthly Total In Retirement |
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Regular
Savings |
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Lump
Sum Savings |
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Mini
Cash ISAs |
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Investments |
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Share-dealing |
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Pension Payments (in additional to normal
contributions) |
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Enter any other Savings & Investments
spending here |
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Enter any other Savings & Investments
spending here |
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Enter any other Savings & Investments
spending here |
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Total
Savings & Investments |
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7.
Family Expenses |
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Weekly |
Monthly |
Quarterly |
Annually |
|
Monthly Total Now |
Monthly Total In Retirement |
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Childcare/Baby
sitting |
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Children's
Travel |
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Laundry/Dry
Cleaning |
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Nappies/Baby
Expenses |
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Pocket
Money |
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School
Meals |
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School
Trips |
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Pet
Costs |
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Enter
any other Family Expenses here |
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Enter
any other Family Expenses here |
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Enter
any other Family Expenses here |
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Total
Family Expenses |
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8.
Fun & Entertainment |
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Weekly |
Monthly |
Quarterly |
Annually |
|
Monthly Total Now |
Monthly Total In Retirement |
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Satelite/Digital
TV Subscriptions |
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DVD/Film
Rental |
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Computer
Software/Gaming Subscriptions |
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Newspapers/Magazines |
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Books/Music/DVD/Computer Game purchases |
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Day
Trips |
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Cinema/Theatre
Trips |
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Shopping
for Fun |
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Hobbies |
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Enter any other Fun & Entertainment
spending here |
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Enter any other Fun & Entertainment
spending here |
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Enter any other Fun & Entertainment
spending here |
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Total
Fun & Entertainment |
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9.
Health, Beauty & Fitness |
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Weekly |
Monthly |
Quarterly |
Annually |
|
Monthly Total Now |
Monthly Total In Retirement |
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Fitness/Gym
Memberships |
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Beauty
Treatments |
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Dental
Treatment |
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Medical
Treatment |
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Hairstyling |
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Eyecare/Opticial
Treatments |
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Complimentary
Therapies |
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Enter any other Health, Beauty & Fitness
spending here |
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Enter any other Health, Beauty & Fitness
spending here |
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Enter any other Health, Beauty & Fitness
spending here |
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Total
Health, Beauty & Fitness |
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10.
Clothes |
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Weekly |
Monthly |
Quarterly |
Annually |
|
Monthly Total Now |
Monthly Total In Retirement |
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|
New
Clothes |
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New
Children's Clothes |
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New
Work Clothes |
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Enter
any other Clothes spending here |
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Enter
any other Clothes spending here |
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Enter
any other Clothes spending here |
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| |
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Total
Clothes |
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11.
Education & Training Courses |
|
Weekly |
Monthly |
Quarterly |
Annually |
|
Monthly Total Now |
Monthly Total In Retirement |
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|
Personal
Studies |
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School
Fees |
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Recreational
Courses |
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University/College
Tuition Fees |
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Enter any other Education & Training
Courses spending here |
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|
Enter any other Education & Training
Courses spending here |
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|
Enter any other Education & Training
Courses spending here |
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| |
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Total
Education & Training Courses |
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12.
Large One-Off Expenses |
|
Weekly |
Monthly |
Quarterly |
Annually |
|
Monthly Total Now |
Monthly Total In Retirement |
|
|
Christmas |
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Summer
Holidays |
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Winter
Holidays |
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Birthdays
& Anniversaries |
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|
Home Improvements/Furniture/Decoration |
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Wedding
Expenses |
|
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Funeral
Expenses |
|
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| |
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|
Enter any other Large One-Off Expenses here |
|
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|
Enter any other Large One-Off Expenses here |
|
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|
Enter any other Large One-Off Expenses here |
|
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| |
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|
Total
Large One-Off Expenses |
|
|
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13.
Miscellaneous Spending |
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Weekly |
Monthly |
Quarterly |
Annually |
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Monthly Total Now |
Monthly Total In Retirement |
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Tax & NI Provision (for Self-Employed
only) |
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Charity
Donations |
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Enter any other Miscellaneous spending here |
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Enter any other Miscellaneous spending here |
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Enter any other Miscellaneous spending here |
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Enter any other Miscellaneous spending here |
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Enter any other Miscellaneous spending here |
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Total
Miscellaneous Spending |
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| Expenditure | Results | |
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Please
note: |
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This
budget planner tool is provided without warranty of any kind. |
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All
results obtained using this tool are for guidance only and should not be used
as a substitute for independent financial advice. |
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Retirement and
Investment Solutions is a trading name of Meon Valley Financial Planning Ltd
and is authorised and regulated by the Financial Services Authority |
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