Budget Calculator
Free budget calculator using the proven 50/30/20 rule. Analyze your spending, compare to recommended guidelines, and get personalized tips for better money management.
Monthly After-Tax Income
Current Monthly Spending
Budget Analysis
Total Monthly Spending
5,000
0 under income
Needs (50%)
Wants (30%)
Savings & Debt Repayment (20%)
NeedsOn Track
Current2,500 (50%)
Recommended2,500 (50%)
Difference+0
WantsOn Track
Current1,500 (30%)
Recommended1,500 (30%)
Difference+0
Savings & Debt RepaymentOn Track
Current1,000 (20%)
Recommended1,000 (20%)
Difference+0
Want to track this over time?
Create a free account to save your calculations, track your progress, and get personalized insights.
Create Free AccountTips
Track expenses for a month to understand your true spending patterns before budgeting
Use the envelope method: allocate cash for each category to prevent overspending
Automate savings first - pay yourself before paying for wants
Review and adjust your budget monthly as income and expenses change
Consider higher savings rates (30%+) if you have aggressive financial goals
Focus on reducing high-interest debt first, even if it means temporarily lower savings
FAQ
What is the 50/30/20 budget rule?+
What counts as needs vs wants?+
What if my budget doesn't fit 50/30/20?+
Should debt payments count as needs or savings?+
How often should I review my budget?+
📊 Track Your Actual Spending
Want to know exactly where your money goes? Use our Expense Tracker to log daily expenses, categorize spending, and compare to your budget.
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