Budget Calculator

Track your income and expenses to create a balanced monthly budget.

Enter Details

Monthly Income

$
$

Housing

$
$
$

Transportation

$
$
$

Living

$
$
$

Debt

$
$
$

Savings & More

$
$
$
$

Enter your income and expenses, then click Calculate Budget to see your breakdown and recommendations.

Complete User Guide

What is the Budget Calculator?

This calculator helps you build and analyze a monthly budget. You enter your income (salary and other) and expenses by category: housing, transportation, living, debt, savings, healthcare, and other. It shows your total income, total expenses, and remaining amount, plus a spending breakdown and comparison to recommended percentages (e.g. 30%% housing, 20%% savings). You also get simple recommendations to improve your budget health.

The 50/30/20 Rule

50% Needs

Housing, utilities, groceries, insurance, minimum debt payments.

30% Wants

Dining, entertainment, shopping, hobbies, subscriptions.

20% Savings

Emergency fund, retirement, extra debt payments, investments.

How to Use

  1. Enter your monthly income (salary and any other income).
  2. Fill in each expense category with your typical monthly amounts.
  3. Click Calculate Budget to see your summary, charts, and recommendations.
  4. Compare your spending to the recommended amounts and adjust as needed.

Understanding Your Results

Remaining: Income minus expenses. Positive means surplus; negative means you're overspending.

Status: Healthy = balanced budget; Warning = e.g. housing over 30%%; Deficit = expenses exceed income.

Recommended: Guideline amounts (e.g. 30%% income for housing, 20%% for savings) to compare with your actual spending.

Understanding the Charts

Spending Breakdown: Doughnut chart showing how your expenses are split across Housing, Transportation, Living, Debt, Savings, and Other.

Actual vs Recommended: Bar chart comparing your spending in each category to the recommended amount based on income.

Important Notes

  • Housing should generally be no more than 30%% of gross income.
  • Aim for at least 20%% to savings and debt payoff when possible.
  • Use remaining surplus to build an emergency fund (3–6 months of expenses) first.

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