Budget Calculator
Create and manage your personal budget. Track income, expenses, and savings to achieve your financial goals.
Monthly Income
Total Monthly Income:$6,500.00
Monthly Expenses
Total Monthly Expenses:$3,500.00
Budget Summary
Total Income
$6,500.00
Total Expenses
$3,500.00
Remaining Budget
$3,000.00
Budget HealthExcellent
Expense Breakdown
Housing
$1,500.00
42.9%
Transportation
$500.00
14.3%
Food
$600.00
17.1%
Utilities
$200.00
5.7%
Entertainment
$300.00
8.6%
Other
$400.00
11.4%
How Budget Planning Works
50/30/20 Rule
A popular budgeting method that allocates:
- 50% for needs (housing, utilities, food)
- 30% for wants (entertainment, dining out)
- 20% for savings and debt repayment
Budget Tips
- • Track all expenses for accurate budgeting
- • Review and adjust your budget monthly
- • Build an emergency fund first
- • Use the envelope method for discretionary spending
- • Automate savings and bill payments
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