Hi there, welcome to myBudgetAI. This website is no just a normal website. It's actually a pretty interesting Web application, that was made to help you manage your budget. But instead of just telling you about it, I've made a kind of calculator to do all the work for you, because I know exactly what you're looking for. The only thing you've got to do is just to fill the text boxes below with your information and it would do it's job, just remember to read the questions carefully so that myBudgetAI can give you the best advice (when you are filling the answers don't use any signs such as $ when I ask you about money, because myBudgetAI doesn't need to know your currency in order to provide you with the best advice and the best user experience). After your done myBudgetAI would suggest you to check out some of the best financial experts in the domain that your looking for and to take some notes about your results and the advice you've received. You can take notes from the Notes page of the website and search for someone to help you from the Influencers page. If you have any trouble while answering the questions, check out the tutorials on the Contact page. I wish you the best user experience.
Enter your monthly budget:
Rent & Mortgage:
Average monthly bills:
How much would you like to save monthly:
Personal loan/Debt(if null = 0)
After answering the questions in the questionaire above, here myBudgetAI would give you a brief explanation on how you should manage your budget. It would tell you how much money would you be able to spend for your needs and wants in order to save up the amount of money that you desire. Now if you don't understand what do I actually mean by needs and wants I suggest you to answer the qestions first, because when you will find out your result, you will also get an explanation on what are your needs and wants. When answering the questions in this questionaire, just remember not to add any curency signs (exapmle: $ or %), and if you don't have one of the liabilityes above just write 0. I hope that I've cleared your doubts and I hope that you will have one of the best user experience.
Do you have more Liabilities than Assets:
Do you invest in Assets or Liabilities:
Do you get involved into your investments:
Do you know how to invest and what things you should invest in:
Here myBudgetAI would tell you, what type of investor you are and then it would tell you what should you invest in and which financial experts and entrepeneurs to follow in order to understand how to make the most out of your money. Just remember that you have to follow the advice from myBudgetAI in order to make it work. When answering the questions, remember that: If you don't know what are Liabilities, they are things that take money from you, like subscriptions and Assets are things that you invest in, but you make money over time.
In the boxes below, you will find out your result and some advice on how to manage your budget. If you answered the questions in the questionaires, then the advice that you are looking for is waitting for you down below, but if you didn't answer the questions then I suggest you to go ahead and do so if you would like to hear myBudgetAI's advice about how to manage your budget. I really hope that myBudgetAI helped you and will continue to help you in your daily life. So what are you waiting for go and check your results now.
About myBudgetAI's concepts:
Needs are the things that we can't live without, needs include things such as monthly payments and bills, but because you entered all of your monthly and annual payments, I've already subtracted their value from your income so you won't have to worry about them. Needs in your case are things such as health care and groceries. Based on your information with a total amount of _____ availble to spend each mounth on your needs you have a daily need budget of _____ and a weekly need budget of _____. If you end up not using your whole need budget, then congratulations you can add up that excess money to your savings.
Wants are the opposite of needs. Wants are the things that we desire, but in reality they are not important or crucial to our survival. Wants include things such as nights out, expensive clothes, the newest gadgets, subscriptions, going to the gym and so on. I'm not telling you to stop buying all the things that make you happy, no I'm just saying that based on your budget of _____ availible to spend on wants every mounth you have a daily budget of _____ and a weekly budget of _____ to spend on the things you want. If you end up not using your whole want budget, then congratulations you can add up that excess money to your savings.
Saving money is not easy, so before I even start telling you about how you should use the _____ saved I advice you that every month you should put this money aside, to escape the temptation of using it. Then you should prioritize on adding your monthly savings into an emergency fund in a bank account, because you should have at least three months of emergency savings in case of an unfortunate unforseen event, like losing your job. Once you're done you should check out what type of investor you are, to see in which things you should invest. So what are you waiting for, go ahead and check out your results.
Because you have a debt of _____, instead of saving _____ a mounth you should save only _____ a month, that you will use as explained earlier in the Savings concept. The other _____ you should use them to pay off your debt, if you follow the instructions you should get out of your debt in _____ mounths. And so, after you get rid of your debt you can start investing so check which type of investor are, to see in which things you should invest. So what are you waiting for, go ahead and check out your results.
Types of investors:
So based on your information you are a _____ investor you should check ou the _____ paragraph to find out more about what should you do. If you don't think that the answer is accurate then that means that maybe you weren't honest when responding and maybe you should check out every Type. Take this part of the test with a grain of salt because it's not 100% accurate, because you answered the the questions in a different way then the one expected or because you weren't honest when answering the questions.
If you are a Type-A investor then you have enough knowledge to actually know what you are doing in the market place, the only thing I've got to say is that you should keep learning even tho you are in a good spot right now because the market place is changing constantly and you should be able to adapt to the changes. If you want some advice about investing check out the Influencers page of myBudgetAI where you may find advice directly from financial experts and entrepreneurs. So what are you waiting for, get started right now.
If you are a Type-B investor you are on the right trak to becoming a very good investor, try finding a thing or more that you know more of than others and start investing in those things, for example if you know more about the stock market start investing into stocks and so on. Keep learning until you find the best things to invest in. If you want some advice about investing check out the Influencers page of myBudgetAI where you may find advice directly from financial experts and entrepreneurs. So what are you waiting for, get started right now.
If you are a Type-C investor that means that you are not really an investor, long story short you don't invest and you maybe haven't invested. But don't let yourself down, my advice for Type-C investors is that they should start looking for things to invest in and start reading books about how to invest. If you visit the Influencers page of myBudgetAI where you may find advice directly from financial experts and entrepreneurs. So what are you waiting for, get started right now.
Hello frinendly user I sure hope that you enjoyed and will continue to enjoy your time on myBudgetAI (this website), if you entered the wrong data or you just want to try it again, then click the delete button below which will delete all your saved data from the Home page. After you delete your data you can try again by re-entering your data. Based on the new data you've entered you will get your new advice. Remember that the data you entered on the Home page will only be saved on you PC's browser and if you don't delete it you can find your data here without the need to answer the questions again.