Savings Calculator

See how your income stacks up against your monthly costs

Quick Start Templates

Your Income

Salary Amount

Pay Frequency

UK Region

Household Type

Monthly Expenses

Pre-filled with regional averages — adjust to match your actual costs.

Council Tax

Electricity Bill

Gas Bill

Water Bill

Mobile Phone Bill

Broadband Bill

Grocery Bills

Car Running Costs

Transport (Non-car)

Home Insurance

Calculation Formula

Salary input —

Converted to monthly —

Regional cost multiplier 1.00×

Utility expenses (council tax, energy, water, groceries, home insurance) are multiplied by this factor to reflect regional cost of living.

Total adjusted expenses —

Disposable income (Monthly Income − Total Expenses) —

% of income remaining (Disposable ÷ Monthly Income × 100) —

Rating Scale

Excellent > 40% disposable Strong position — focus on wealth-building

Good 25 – 40% disposable Comfortable — pay down debt, build savings

Tight 10 – 25% disposable Manageable — little room for surprises

High Risk < 10% disposable Urgent review needed — seek advice

Expense Breakdown

Category	Your Amount	After Regional Adjustment	% of Income	Bar
Total	—	—	—

Financial Tips and Guidance

50/30/20 Rule

50% on needs, 30% on wants, 20% on savings and debt. A proven framework to balance everyday spending with long-term financial goals.

Emergency Fund First

Before investing, build 3–6 months of essential expenses in an easy-access savings account. This prevents you needing to borrow when the unexpected happens.

ISA Allowance

Every UK adult can save up to £20,000/year in an ISA, tax-free. A Lifetime ISA offers a 25% government bonus (up to £1,000/yr) for first-time buyers or retirement savings.

Switch and Save

Switching energy, broadband, mobile and insurance at renewal can save UK households £400–£800/year. Always compare before auto-renewing any contract.

Pension Auto-enrolment

Your employer must contribute at least 3% of qualifying earnings to your pension. Always contribute at least enough to unlock the full employer match — it is effectively free money.

Check Your Tax Code

Around 1 in 3 UK employees is on the wrong tax code and overpays income tax. Check yours at gov.uk/tax-codes — HMRC allows claims for overpayments going back 4 tax years.

Savings Calculator