Keel & Charter Calculators

Paycheck to Budget Calculator

Enter your take-home pay per check. No tax tables: start from the net amount on your pay stub and split it. The last line shows the extra checks you get in some months when you are paid every week or every two weeks.

Results

How it works

Monthly take-home = net pay per check x paychecks per year / 12. Each bucket = monthly take-home x its share. Per-paycheck amounts use the same shares on one check. Biweekly pay gives 26 checks, 2 more than two a month, so 2 months a year have a third check; weekly pay gives 4 months with a fifth check. The 50/30/20 split is the default, from Elizabeth Warren's All Your Worth.

Source

FAQ

Why not just double a biweekly check?

26 checks a year average 2.17 per month, so doubling understates monthly pay.

Does this calculate taxes?

No. Use the net pay from your pay stub.

Can I change the split?

Yes. Any percent left unassigned shows on the last line.

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Estimates, not tax or financial advice. Check important numbers with a qualified professional.