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Calcimator

Budget Buffer Calculator

Determine the optimal checking account buffer to prevent overdrafts and absorb income/expense variability.

Inputs

$
$
%
%
$

Results

Recommended Buffer

$1,175.00

≈ 9 pairs of sneakers

Annual Savings from Buffer

$140.00

≈ 9 movie tickets

Current Annual Overdraft Cost$140.00
Optimal Buffer Range$675 – $1762.5
Buffer Payback Period8.4 years
How to Use This Calculator
  1. Enter Monthly Income, Monthly Expenses, and Income Variability.
  2. Set Expense Variability, Overdraft Fee, and Overdrafts Per Year.
  3. Review Recommended Buffer ($) and Annual Savings from Buffer ($).
  4. Use Current Annual Overdraft Cost ($) and Optimal Buffer Range to inform your decision.
  5. Use the chart to visualize the results and explore different scenarios by adjusting inputs.

How the result changes with Monthly Expenses

Monthly ExpensesRecommended BufferAnnual Savings from Buffer
$10,000.00$2,000.00$140.00
$35,000.00$5,750.00$140.00
$65,000.00$10,250.00$140.00
$90,000.00$14,000.00$140.00

What each input means

Monthly Income
Average monthly take-home pay.
Monthly Expenses
Average total monthly expenses.
Income Variability
How much your income varies month to month (e.g. 10% = ±10%).
Expense Variability
How much your expenses vary month to month.
Overdraft Fee
Your bank's overdraft fee per occurrence.
Overdrafts Per Year
How many times you've overdrafted in the past year.

How this is calculated

Worked example, using the default values

  1. Identify Input Parameters
    4 parameters
    Monthly Income = 5000, Monthly Expenses = 4500, Income Variability = 10, Expense Variability = 15 = 6 input(s) provided
  2. Calculate Recommended Buffer
    Recommended Buffer
    1175 = $1,175
  3. Calculate Annual Savings from Buffer
    Annual Savings from Buffer
    140 = $140
  4. Calculate Current Annual Overdraft Cost
    Current Annual Overdraft Cost
    140 = $140
  5. Calculate Optimal Buffer Range
    Optimal Buffer Range
    $675 – $1762.5 = $675 – $1762.5

Engine last updated .

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