Monthly Budget Calculator

Take control of your finances with ease

Your Budget Details

Monthly Income ($)

Fixed Expenses

Rent/Mortgage ($)

Utilities ($)

Insurance ($)

Variable Expenses

Groceries ($)

Transportation ($)

Entertainment ($)

Savings Goal ($)

Your Budget Summary

Total Income: $0

Total Expenses: $0

Savings Goal: $0

Remaining Balance: $0

Budgeting Guide

📊 50/30/20 Rule

A popular budgeting method where 50% of income goes to needs, 30% to wants, and 20% to savings and debt repayment.

💡 Tracking Expenses

Record every purchase for a month to identify spending patterns and areas where you can cut back.

🎯 Setting Goals

Define clear financial objectives like saving for emergencies, vacations, or retirement to stay motivated.

🔄 Regular Reviews

Check your budget weekly and adjust as needed. Life changes, and so should your budget.

🚫 Avoiding Debt

If using credit cards, pay the balance in full each month to avoid interest charges.