Knowing what your outgoings and income are each month is essential information when it comes to working out how much you can borrow. Particularly if you have a fluctuating income, direct debits coming out at different times or varying payments, getting an accurate idea of your budget can be a challenge. This budget calculator can help!
To use the calculator, make sure you’ve got information on your income and outgoings to hand. This could include recent utility bills, wage slips, bank statements and similar.
To get the most accurate result, it’s important to make sure that you input financial information that’s as up-to-date as possible.
The budget planner will show you how much you’re spending each month, as well as how much money you have spare. This can help you work out how much you can afford to borrow. An up-to-date budget is an essential tool in managing a loan effectively.