Tenino budget plan
| Monthly take-home | $0 |
|---|---|
| Annual take-home | $0 |
| Monthly expenses | $0 |
| Annual expenses | $0 |
| Monthly net (potential savings) | $0 |
| Annual net (potential savings) | $0 |
| Income used | 0% |
| Potential savings rate | 0% |
This page presents a simplified model of a budget for a police officer and veterinary technician living near Tenino. The example includes a mortgage on a small acreage property, a truck, a daily driver, and the ongoing cost of two horses. The calculations show both monthly and yearly amounts, as well as the potential savings if all leftover money were kept.
Estimated monthly amounts
The following table summarises each major cost category used in this example. Values can be modified
in the script section of the file under the data array and the monthlyIncome variable.
| Category | Monthly cost (USD) | Share of total (%) | Notes |
|---|
Annual summary
The annual summary below shows the total income, expenses, and potential savings if every leftover dollar were saved rather than spent.
| Metric | Amount (USD) | Comment |
|---|---|---|
| Annual take-home income | $0 | Combined net income for the year. |
| Annual expenses | $0 | Sum of all listed categories multiplied by twelve. |
| Potential annual savings | $0 | Income minus expenses; assumes all leftover is saved. |
| Potential savings rate | 0% | Potential savings as a percentage of annual income. |
Banking and savings
This section shows how the leftover money after monthly expenses could appear in a bank account, starting from an initial balance and assuming all surplus is saved with no interest for simplicity.
| Metric | Amount (USD) | Comment |
|---|---|---|
| Starting bank balance | $0 | Approximate current total in savings/checking accounts. |
| Monthly leftover after expenses | $0 | Net amount available to save each month. |
| Projected annual contribution to savings | $0 | Leftover money over twelve months, if all is saved. |
| Projected bank balance after selected period | $0 | Starting balance plus net savings over the chosen years. |
Year-by-year projection
The table below expands the projection into individual years for the selected period, assuming income and expenses remain unchanged and all leftover money is saved.
| Year | Starting balance | Saved that year | End-of-year balance |
|---|
Graphical overview
Bar chart
The bar chart shows the absolute dollar amount for each monthly cost category.
Pie chart
The pie chart shows how each category contributes to the overall monthly spending.
This is an illustrative tool only. It does not constitute financial advice and ignores taxes beyond the initial net income estimate, long-term savings goals, and irregular or emergency expenses.