Budget Calculator
Plan your monthly budget and track your expenses to achieve your financial goals.
Income & Expenses
Enter your monthly income and expenses
$
Monthly Expenses
$
30.0% of income
$
12.0% of income
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8.0% of income
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6.0% of income
$
4.0% of income
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10.0% of income
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6.0% of income
Budget Summary
Overview of your monthly budget
Total Monthly Income
$5,000
Total Monthly Expenses
$3,800
Remaining
$1,200
Budget Used
76.0%
Savings Rate
10.0%
Budget Health
Your budget is balanced. Consider increasing your savings rate if possible.
Budget Recommendations
Suggested budget allocations based on the 50/30/20 rule
Needs (50%)
$2,500
Housing, utilities, groceries, transportation, insurance, minimum debt payments
Wants (30%)
$1,500
Dining out, entertainment, shopping, hobbies, subscriptions, travel
Savings (20%)
$1,000
Emergency fund, retirement accounts, investments, debt repayment beyond minimums
Budget Tips
- Aim to keep housing costs under 30% of your income
- Build an emergency fund covering 3-6 months of expenses
- Pay off high-interest debt before focusing on investments
- Review and adjust your budget monthly
- Use automatic transfers to ensure consistent savings