A simple, free budget calculator to help you manage your finances effectively. Track your income, expenses, and savings to create a sustainable financial plan.
Budget planning is the process of creating a detailed plan for your income and expenses. It helps you understand your spending patterns, set financial goals, and make informed decisions about your money.
A well-planned budget can help you build savings, reduce debt, and achieve your financial goals. The 50/30/20 rule is a popular budgeting method that provides a simple framework for managing your money.
Privacy Note: Your financial information is processed locally in your browser. We never see or store your information on our servers, ensuring complete privacy.
Enter your estimated effective tax rate. This includes federal, state, and local taxes. The effective tax rate is your total tax divided by your total taxable income.
Annual Income (Pre-Tax)
$110,160.00
Monthly Income (After Tax)
$9,180.00
Monthly Expenses
$7,075.00
Monthly Savings
$2,105.00
| Category | Percentage | Usage |
|---|---|---|
| Needs | 50% | Housing, food, utilities |
| Wants | 30% | Entertainment, dining out |
| Savings | 20% | Debt repayment, emergency fund |
Pro Tip: Start with small, achievable changes and gradually build better financial habits. Even saving an extra 1% of your income can make a significant difference over time.
Our Budget Calculator helps you plan your finances by analyzing your income and expenses. It helps you understand your spending patterns and create a sustainable budget plan.
Simply enter your monthly income and various expenses categories (housing, transportation, food, etc.). The calculator will automatically analyze your spending patterns and suggest budget allocations.
The 50/30/20 rule suggests spending 50% of your income on needs (housing, food, utilities), 30% on wants (entertainment, dining out), and 20% on savings and debt repayment.
It's recommended to review and update your budget monthly. This helps you track changes in income or expenses and adjust your spending habits accordingly.
Currently, calculations are performed locally in your browser and aren't saved. We recommend taking screenshots or notes of your results for future reference.
Yes, all calculations are processed locally in your browser. We never store or transmit your financial information to our servers.
Track all expenses, set realistic goals, prioritize debt repayment, build an emergency fund, and regularly review your spending patterns. Consider the 50/30/20 rule as a starting point.