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Budget Planner

Smart Budget Planner

Create a comprehensive budget that supports your credit improvement goals

Monthly Income
Total Income:$4,700
Budget Summary
$800
Surplus - Good
Total Income:$4,700
Total Expenses:$3,900
Net Income:$800
Monthly Expenses
Adjust your expenses and see how they compare to recommended amounts
Housing
25.5%
vs Recommended: $1410-210

Rent/mortgage, property taxes, HOA fees

Transportation
8.5%
vs Recommended: $705-305

Car payment, gas, insurance, maintenance

Food
12.8%
vs Recommended: $564+36

Groceries, dining out, meal delivery

Utilities
4.3%
vs Recommended: $376-176

Electric, gas, water, internet, phone

Insurance
6.4%
vs Recommended: $235+65

Health, life, disability insurance

Debt Payments
8.5%
vs Recommended: $470-70

Credit cards, loans, student debt

Entertainment
4.3%
vs Recommended: $235-35

Movies, hobbies, subscriptions

Savings
6.4%
vs Recommended: $470-170

General savings, goals, investments

Emergency Fund
2.1%
vs Recommended: $94+6

Emergency fund contributions

Retirement
4.3%
vs Recommended: $470-270

401k, IRA, retirement savings

Credit Improvement Focus
Budget allocations specifically for improving your credit

Debt Reduction Strategy

Current Debt Payments$400

Recommended: $470 (10% of income)

Good debt-to-income ratio

Extra Debt Payment Plan

Available for extra payments: $800

Allocate surplus to highest interest debt first

Credit Building Budget

Emergency Fund$100

Target: $28,200 (6 months expenses)

Monthly contribution helps avoid credit usage

Credit Monitoring & Tools

Budget $10-30/month for:

  • • Credit monitoring services
  • • Identity protection
  • • Financial planning tools
Recommendations

💡 Increase Savings

Aim to save at least 20% of your income across all savings categories for financial stability.