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Financial Planning

Monthly Budget Planner

Understanding your monthly income and expenditure is the foundation of good financial planning. Complete the sections below to see your full financial picture.

Client details

Monthly net income

Enter take-home pay after tax and National Insurance.
Client 1Client 2Total
Employment / salary
£
£
£0
Self-employment income
£
£
£0
Pension income
£
£
£0
Rental income
£
£
£0
State benefits / tax credits
£
£
£0
Other income
£
£
£0
Total monthly net income £0 £0 £0

Committed expenditure

Fixed financial commitments that must be paid each month.

Housing

ItemMonthly payment
Mortgage or rent
£
Ground rent / service charge
£
Interest only repayment strategy
£

Loans, credit & hire purchase

ItemOutstanding balanceMonthly payment
Personal loan 1
£
£
Personal loan 2
£
£
Car finance 1
£
£
Car finance 2
£
£
Credit / store card 1
£
£
Credit / store card 2
£
£
Credit / store card 3
£
£
Hire purchase 1
£
£
Committed expenditure subtotal £0

Essential expenditure

Regular household bills and essential living costs.
ItemMonthly payment
Gas & electricity
£
Water rates
£
Council tax
£
Home / buildings & contents insurance
£
Landline, broadband & TV package
£
Mobile phone(s)
£
TV licence
£
Housekeeping / groceries
£
Essential travel (fuel, public transport, parking)
£
Childcare / school fees
£
Child maintenance payments
£
Pet costs (food, insurance, vet)
£
Essential expenditure subtotal £0

Quality of living

Discretionary spending that maintains your lifestyle.
ItemMonthly payment
Clothing & footwear
£
Furnishings & household goods
£
Personal goods & toiletries
£
Recreational & leisure (gym, hobbies, subscriptions)
£
Eating out & takeaways
£
Holidays & travel
£
Gifts & celebrations
£
Car running costs (servicing, MOT, cleaning)
£
Quality of living subtotal £0

Protection & savings

Insurance policies and regular savings or investments.
ItemMonthly payment
Life insurance
£
Critical illness cover
£
Income protection insurance
£
Private health / medical insurance
£
Car insurance
£
Travel insurance
£
Pension contributions (personal)
£
Regular savings / investments
£
Protection & savings subtotal £0

Other expenditure

Add any other regular outgoings not listed above.
DescriptionMonthly payment
£
£
£
£
Other expenditure subtotal £0

Budget summary

Total monthly net income £0
Committed expenditure £0
Essential expenditure £0
Quality of living £0
Protection & savings £0
Other expenditure £0
Total monthly expenditure £0
Monthly surplus / shortfall £0

💡 What if you couldn't work?

Universal Credit has a mandatory 5-week wait before the first payment (although a loan may be sought against future payments).

Universal Credit
The standard allowance is £400.14/month (single, 25+) or £628.10/month (couple). Additional elements may apply for children, housing costs or disability. Savings above £16,000 disqualify you entirely; above £6,000 reduce your entitlement.
New Style JSA
Approximately £92.05/week for up to 6 months, provided you have made sufficient National Insurance contributions in the past two full tax years.
Support for Mortgage Interest
A government loan (not a grant) covering only the interest on your mortgage after 9 months. It accrues its own interest and is repaid when the property is sold. Homeowners receive no help with mortgage costs for the first 9 months.
Your total monthly expenditure £—
Maximum UC (single 25+) £400
Monthly shortfall on UC alone £—

Figures based on tax year 2026/27 rates, which are subject to change.

A comprehensive protection plan — including income protection insurance — could help bridge this gap and ensure your mortgage, bills and lifestyle are maintained if you are unable to work. Speak to a KMD adviser to discuss your options.

Send this budget planner to KMD Financial Planning LLP

Clicking send will email a copy of this budget planner to your adviser at KMD Financial Planning LLP. This will be saved to your client file and used to provide personalised advice.

Important: This budget planner is for illustrative and financial planning purposes only. The figures entered are based on information provided by the client(s) and have not been independently verified. This document does not constitute financial advice. Benefit figures are based on 2026/27 rates and are subject to change. Income protection and other insurance products are subject to individual underwriting and eligibility criteria. KMD Financial Planning LLP is authorised and regulated by the Financial Conduct Authority (FCA ref: 1032694). Registered in England and Wales no. OC454846.