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Budget calculator

How much income do I need to cover living expenses?

To get an idea of how much after tax income you would need to live on, take a few minutes to complete an estimate of your current expenses, which will act as an initial guide for your retirement needs:

 

Weekly living expenses each week
Food (groceries, including meat, fruit, vegetables) $
Rates including water rates and strata levies $
Electricity and gas $
House hold insurance $
Telephone $
Petrol and road tolls $
Car rego and greenslip $
Car repairs and insurance $
Mortgage or rent $
House maintenance, eg. plumbing repairs and painting $
Household goods purchases $
Gardening costs $
Clothing and grooming $
Health insurance $
Chemist and other medical costs $
Entertainment (including dining out) $
Holidays $
Child care and education costs $
 

How does this fit into how much I need to save?

Before making a decision about your superannuation, you may wish to obtain financial advice from a licensed or authorised financial adviser.

Find out if you can make some weekly savings. Then, contribute some to your superannuation on a regular basis.




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