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Teagasc Options Programme

Ready Reckoner


This calculator lets you track exactly where the money goes every month which is the first step in assessing your present situation. Before you use this however, it makes sense to spend some time gathering together the information you need, such as pay slips, farm accounts, loan repayments, insurance policies and credit card bills. What are the percentages in the summary telling you?


Enter Your Yearly Household Income

Farm Sales €
Direct Payments (grants) € 
Off-farm income
- Job (farmer & spouse) € 
- Income from rental property € 
- Contracting (e.g. silage / hay cutting) € 
- Other on-farm enterprise income (e.g. forestry, turkeys) € 
- Other off-farm enterprise income (e.g. farmers markets) € 
Other Income Sources
- Savings / investments / dividends € 
- Child benefit € 
- All pension € 
- Social welfare € 
- Rural social scheme € 
- Farm income supplement € 
 
Total Yearly Income € 
Total Monthly Income € 

Enter Your Yearly Expenses

Farm
- Feed € 
- Livestock purchases € 
- Fertiliser € 
- Agricultural contractors € 
- Vet, AI, dosing, etc. € 
- Rent of land € 
- Agricultural wages € 
- Machinery repairs/running costs € 
- Interest payments € 
- Farm insurance € 
- Other: ESB, Phone, Water, Mobiles € 
Cost of Off - Farm Job
- Travel to and from work € 
- Cost of caring ,childcare, elderly care € 
Household
- Groceries € 
- Clothing € 
- Repairs & replacement - domestic € 
- Medical including doctor, pharmacy fees € 
Regular Bills
- Gas € 
- Household electricity € 
- Phone, television € 
- Refuse collection € 
Family Transport
- Car fuel costs & repairs € 
- Car tax € 
- School bus € 
- Train € 
Household Insurance
- Motor € 
- Life & pension € 
- Home € 
- Health € 
Finance
- Farm loan repayments € 
- Mortgage € 
- Car loan € 
- Other short term loans (e.g. credit union or co-op) € 
- Savings € 
Education
- Uniforms € 
- Fees € 
- Books € 
- Pocket money € 
- Transport € 
- Children's extra activities (dancing, music, etc.) € 
Other Expenses
- Sports, gymnasium, holidays, eating out, Christmas, weddings, gifts, graduations, communions, pub, cigarettes, newspapers € 
Income Tax & Levies
Income Tax & Levies € 
 
Total Yearly Expenses € 
Total Monthly Expenses € 

Summary

Total Yearly Expenses As % of Total Income
Farm Expenses € 
Off–farm Job Expenses € 
Household Expenses € 
Regular Bills € 
Family Transport € 
Household Insurance € 
Finance € 
Education Costs € 
Other Expenses € 
Income Tax & Levies €