Budget Calculator

It would be useful to have your latest bank statements and any other bills and statements to hand, like wage slips, utility bills, pension income or benefit statements.

You just need to add some basic information about your household to get started. It is important that the data you provide is accurate.

This is how much money you have coming into your household, which might include wages, bonuses, benefits, pension or tax credits. You can choose whether to base your income on a weekly, fortnightly, or monthly basis.

This is your household spending. It's important when you think about your outgoings to consider your priority bills - utilities, rent or mortgage payments, and any other loans or court payments. If these are in arrears, you should make sure they're up to date before you start paying Lowell.

You can choose whether to provide an amount based on a weekly, fortnightly, or monthly basis. We’ll also ask about other everyday costs and spending such as travel, food and housekeeping, and insurance. If these slightly change, you can give an average amount.

Now you have a clear view of what's coming in and going out of your household, you can see what's left over (your disposable income). Whatever the outcome, there are options available for you. If you’ve got a Lowell debt and are struggling to make your debt payments, please get in touch with us and we’ll go through our Budget Calculator with you to make sure you’re on an affordable repayment plan.