Personal Income Statement
Enter your monthly income, fixed costs and variable spending to see your surplus, your savings rate and a statement you can print.
Income
Fixed costs
Variable costs
Anything not listed above.
Set aside
Savings plus surplus, as a share of income.
Enter amounts to see this chart.
| Line | Monthly | Annual |
|---|---|---|
| Employment take-home | $0 | $0 |
| Side income | $0 | $0 |
| Benefits & other | $0 | $0 |
| TOTAL INCOME | $0 | $0 |
| Fixed costs | $0 | $0 |
| Variable costs | $0 | $0 |
| Savings & investing | $0 | $0 |
| NET | $0 | $0 |
What this means
You are keeping $0 a month — about 0.0% of your income. Give the surplus a job so it does not drift into spending.
How it works
An income statement covers a period of time (here, one month) while a balance sheet is a single date. Separating fixed from variable costs shows what you could actually cut if your income dropped.
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Fixed, variable and surplus
Fixed costs are the ones you cannot change this month — rent, insurance, loan payments. Variable costs are where decisions live. What remains is surplus: the only money available for saving, investing or extra debt payments.
Your savings rate is the headline number
Surplus divided by income is the single best predictor of long-term progress. Raising it a few points, whether by earning more or spending less, compounds for years.
Statement vs budget
A budget is the plan; an income statement is the record. Comparing them each month is how you find out which line quietly breaks the plan.
Common questions
- Should I use net or gross income here?
- Net income. The statement should reflect money you can actually spend.
- How often should I redo it?
- Monthly at first, then quarterly once the numbers stop surprising you.
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