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Plan your monthly budget and track savings
Fill in the fields and click Calculate to see your results
The Budget Planner calculates how much of your monthly income remains after covering essential expense categories: housing, transportation, food, utilities, and other costs. It also shows your savings rate — the percentage of income not consumed by expenses. A common framework is the 50/30/20 rule: 50% of after-tax income on needs, 30% on wants, and 20% on savings or debt repayment. Use the remaining amount and savings rate from this calculator to see how your current spending compares to that benchmark.
1. Enter your monthly take-home income — after tax, the amount actually deposited in your account. 2. Enter your monthly housing cost: rent or mortgage payment. 3. Enter monthly transportation costs: car payment, fuel, insurance, or transit pass. 4. Enter your monthly food spend: groceries and dining out combined. 5. Enter monthly utilities: electricity, gas, water, internet, and phone. 6. Enter any other regular monthly costs: subscriptions, healthcare, childcare, entertainment. 7. Click Calculate to see remaining money, total expenses, and your savings rate.
Financial planners typically recommend saving at least 20% of after-tax income. A rate above 30% puts you on a path to financial independence significantly ahead of average. Below 10% leaves little buffer for emergencies or retirement.
Use your net (take-home) income — the amount actually deposited into your bank account after income tax, social security, and any pre-tax deductions. Using gross income overstates what you have available to spend.
Other can include gym memberships, streaming subscriptions, clothing, personal care, medical copays, childcare, education, charitable donations, and any irregular but recurring expenses. Review 3 months of bank statements and take the average if you're unsure.
A negative remaining balance means your expenses exceed your income — you're likely accumulating debt. Identify which category is highest relative to your income and find cuts there first, or look for ways to increase income.
Not by default. If you have loan or credit card repayments, include the monthly payment amount in the 'other' field. Debt repayment is an expense like any other until the balance is cleared.