Budget Calculator
Plan and track your monthly income and expenses
This calculator helps you manage your finances by tracking income vs expenses and showing how much you can save each month.
Monthly Expenses
About this Tool
A Budget Calculator helps you track monthly income and expenses to understand your financial health. By categorizing your spending and comparing it to your income, you can identify opportunities to save more and reach your financial goals faster.
Common Use Cases
Monthly Planning
Create a realistic monthly budget by tracking all income sources and expense categories.
Savings Goals
Calculate how much money you can save each month after covering all necessary expenses.
Spending Analysis
Identify which expense categories consume the most of your income and find areas to cut back.
Financial Health Check
Monitor your savings rate to ensure you're building wealth over time.
Pro Tips
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Follow the 50/30/20 Rule
Allocate 50% to needs (housing, utilities), 30% to wants (entertainment), and 20% to savings and debt repayment.
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Track All Expenses
Include small recurring expenses like subscriptions - they add up quickly over time.
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Build an Emergency Fund
Aim to save 3-6 months of expenses in an easily accessible emergency fund before investing.
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Review Regularly
Review your budget monthly and adjust categories based on actual spending patterns.