Budget Calculator

Use this tool to help give you a clear picture of your cash flow. You’ll be able to determine how much debt you can comfortably afford in order to achieve your goals.

All fields marked with * are mandatory

Monthly Income

Monthly Salary (after deductions of taxes and NIS)*

Other Monthly Income (e.g Investment Income and Other Streams of Income)*

Total Income

Monthly Expenses - Fixed

Housing Costs (e.g. mortgages, rent, etc)

Utilities (e.g water, electricity, etc)

Home Services (e.g home security, cable, internet etc)

Insurance (e.g auto, home, life, medical/health)

Child Care (e.g. daycare, alimony, etc)

Loans (e.g monthly payments on existing credit)

Savings (e.g fixed deposits etc)

Other Fixed Expenses (e.g tuition, subscriptions, etc)

Total Expenses - Fixed

Monthly Expenses - Variable

Groceries

Household supplies (e.g. cleaning supplies, toiletries etc)

Entertainment (e.g. restaurants, movies, concerts, shows, etc)

Transportation (e.g. fuel, public transportation, etc)

Personal care (e.g. salon/barber, sport & leisure activities, etc)

Other Variable Expenses (e.g. medical expenses, pet expenses, laundry services, etc)

Total Expenses - Variable

Results

Your monthly income equals your expenses

Ideally, your income should exceed your fixed expenses before considering your discretionary spending. This will ensure that you have looked after your basic needs first. To make adjustments to your cash flow, consider ways that you can decrease your variable and fixed expenses such as insurance, telephone, internet and TV packages, by shopping around for competitive rates. Also, are you able to increase your income or cut back on your discretionary spending?

You have a monthly shortfall of $

Ideally your income should exceed your fixed expenses before considering your discretionary spending. This will ensure that you have looked after your basic needs first. To make adjustments to your cash flow, consider ways that you can decrease your variable and fixed expenses such as insurance, telephone, internet and TV packages, by shopping around for competitive rates. Also, are you able to increase your income or cut back on your discretionary spending?

Monthly Totals

Total Income

Total Expenses (Fixed and Variable)

Total Cashflow

You have a monthly excess of $

You have an opportunity to use the excess cashflow to make one of your goals a reality sooner than you thought. Consider reducing existing debt faster which will help you build your net worth faster. Or, by borrowing to realize one of your goals, you can use this additional amount to make a monthly loan payment. Or perhaps you just want to use the excess cash flow to do things which create more life enjoyment.

Monthly Totals

Total Income

Total Expenses (Fixed and Variable)

Total Cashflow

Personal lending products are subject to Citizens Bank Guyana Inc., standard credit criteria.

This calculation is based on the accuracy and completeness of the data that you have entered, it is for illustrative and general information purposes only, and not intended to provide specific financial or other advice, and should not be relied upon in that regard. You should speak with your professional accountant or other professional advisors before making a final decision to ensure any strategy meets your overall financial needs and that your personal circumstances have been taken into account.

Citizens Bank Guyana Inc. does not make any expressed or implied warranties or representations with respect to any information or results in connection with the calculator. Citizens Bank Guyana Inc. will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results.