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Financial Calculators

We have developed these calculators for you as a resource to help you plan your future. We know that your financial planning is important to you. If you have any questions or comments to go along with these calculators, we would like to hear them.

If you have any questions, please contact a Farmers & Merchants State Bank Associate.

Budget Tools

Helping you plan your future.

An important part of managing your money is knowing where your money goes. Setting a budget will help you understand how much you need to meet obligation and how much you have left for discretionary spending.

We have provided you with some useful tools to help you get started. We give you a brief explanation how to use them so follow the steps below and you will be on the way to controlling your future.

If you have any questions, please contact a Farmers & Merchants State Bank Associate.

STEP 1:
The first step is to understand where your money is typically spent. The Budget Calculator uses some simple guidelines to help you project where your money should by basic categories.

Budget Calculator

Directions: Simply click on the image above and enter your annual net income (after tax deductions). Then press 'Calculate'. The calculator will automatically allocate your money into the various categories. If you want a copy press the 'Print' button and you can use this for future reference to compare to your own personal budget.

STEP 2:
To develop a budget you must determine where and how much you will be spending in various categories. We have available two types of worksheets to help you gather this information.

If you have Microsoft Excel®, we have a spreadsheet that you can use to enter your information. You can enter your estimated expenditures in the budget column for each of the 12 months of the year. You can also edit the categories if you need a more accurate description.

At the end of every month record your actual expenses in each of the categories. The spread sheet will calculate the difference between the budgeted and actual amounts. You may have noticed there are monthly tabs for each month of the year at the bottom of the spreadsheet. We have provided a 13th tab named 'Year-to-date totals' that automatically updates with the amounts entered each month throughout the year.

Monthly Planning Spreadsheet

If you do not have Microsoft Excel® we have provided an alternative method of delivering a budget for you. You can download and print out monthly budget worksheets. All information will be entered on paper and totals must be calculated manually. The file requires Adobe Acrobat Reader®. If you do not have Acrobat®, here is the link for a free download. This will take a few minutes to complete.

Monthly Planning Worksheets

Once you have completed the steps described above you are on your way to achieve your financial goals.

STEP 3:
We have provided you with a holiday planning worksheet. It is designed to help you plan for various expenses when the holiday season is approaching. The worksheet is designed to be printed and filled out by hand. The file requires Adobe Acrobat Reader®. If you do not have Acrobat®, here is the link for a free download. This will take a few minutes to complete.

Holiday Planning Worksheets

Track your holiday-related expenses, and you will be getting ahead for the New Year instead of in debt.