Budget Planner Calculator
Create your monthly budget by tracking income, expenses, and savings. See where your money goes and find opportunities to save.
Monthly Income
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Monthly Expenses
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Budget Summary
Total Income
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Total Expenses
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Remaining
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Savings Rate
0%
Expense Breakdown
Recommended Budget (50/30/20 Rule)
| Category | Recommended | Your Budget | Status |
|---|---|---|---|
| Needs (50%) | $0 | $0 | - |
| Wants (30%) | $0 | $0 | - |
| Savings (20%) | $0 | $0 | - |
The 50/30/20 Budget Rule
- 50% Needs: Housing, utilities, groceries, transportation, insurance, minimum debt payments
- 30% Wants: Dining out, entertainment, hobbies, subscriptions
- 20% Savings: Emergency fund, retirement, extra debt payments
Budgeting Tips
- Track every expense for a month to see where money really goes
- Use automatic transfers to savings on payday
- Review and adjust your budget monthly
- Build an emergency fund before aggressive debt payoff
- Look for subscriptions you don't use