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Budget Calculator
Split your monthly take-home pay into needs, wants and savings using percentages you choose, such as the 50/30/20 rule.
A budget is not a punishment; it is a map. This calculator lays your monthly income against your spending category by category, so you can see at a glance what is covered, what is leaking and how much is left for saving.
How to use this calculator
- Enter your total monthly take-home income.
- Add your regular expenses: housing, food, transport, bills, debt payments and the rest.
- Press calculate to see your balance and the share each category takes.
The 50/30/20 guide
A popular starting point splits take-home pay into about 50% needs, 30% wants and 20% savings and debt payoff. Treat it as a compass, not a law — in expensive cities housing alone can break the needs share, and the right fix is adjusting the other two, not giving up.
Frequently asked questions
Should I budget monthly or yearly?
Monthly matches how most bills and salaries work. Add a yearly check for irregular costs like insurance, gifts and car repairs so they do not ambush a single month.
What if my expenses exceed my income?
Start with the largest flexible categories, usually eating out, subscriptions and transport. Small steady cuts beat one dramatic cut you cannot maintain.
How much should I save each month?
Build a starter emergency fund of one month of expenses first, then aim toward three to six months while paying down expensive debt.