Calculator
Family Budget Calculator
How much is left at the end of the month, and what margin you have before applying for a mortgage.
Before checking how large a mortgage you can take, it is worth first knowing your current budget situation - how much comes in, how much goes out, and how much is actually left at the end of the month. The calculator gives a quick picture of the monthly surplus or deficit and the savings rate out of income.
Income
Total income: ₪25,000
Expenses
Total expenses: ₪17,300
Income
₪25,000
Expenses
₪17,300
Monthly balance
₪7,700
30.8% of income
The estimate is based only on the data entered and does not include one-time or seasonal expenses.
How the calculator works
You enter all the household's income sources (up to two salaries and additional income), and the expenses across 10 common categories - housing, food, transportation, education, bills, insurance, leisure, clothing, savings and other. The calculator sums everything up and shows the monthly balance and its share of income.
The formula behind the calculation
Monthly surplus = income minus (fixed expenses + variable expenses). Savings rate = (monthly surplus ÷ income) × 100.
What the calculator does not include
It does not include one-time or seasonal expenses (holidays, vacations, major repairs)
It does not take into account income that varies from month to month
It does not recommend a specific budget allocation - it only shows the current situation
Why it matters
A monthly budget surplus is the most realistic starting point for checking mortgage affordability - it shows how much free cash flow there actually is, before a new payment is added to it. A family that discovers its surplus is low can act to cut expenses before approaching a mortgage check, and not after.
Frequently asked questions
How much monthly saving is considered healthy?
A common rule of thumb is to aim for savings of 10%-20% of income, but this varies by life stage and the family's financial goals.
How is the family budget related to a mortgage check?
The monthly surplus left today is the starting point for checking how large a new payment (a mortgage) the family can absorb without harming its quality of life - see also the affordability calculator.
What should you do if there is a monthly deficit?
It is worth first checking the variable expenses - they are usually the most flexible to cut in the short term. If the deficit stems from high fixed expenses, it may be worth examining refinancing of existing loans before continuing with further financial planning.
Is it worth including pension savings in the fixed expenses?
Yes, it is recommended to treat pension savings and insurance contributions as a fixed expense in every respect, and not as "whatever is left at the end" - this gives a more realistic picture of the true free surplus.
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