Budget Calculator

Track your monthly income and expenses.

Where does your money actually go every month? Our budget calculator helps you find out. Enter your monthly income and expenses across housing, food, transport, utilities, and more, and the tool instantly shows your total expenses and whether you have a surplus or a deficit. Seeing the numbers in one place makes it easier to cut costs, save more, and align with popular frameworks like the 50/30/20 rule. No sign-up, no data storage — just a clearer picture of your monthly finances.

Monthly Budget

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How to Use the Budget Calculator

Our free budget calculator helps you track your monthly finances. Enter your monthly income and itemize your expenses (housing, food, transportation, utilities, insurance, and other). The calculator instantly shows your monthly surplus or deficit, helping you identify where your money is going.

Example Calculations

  • $5,000 monthly income: Housing $1,500, Food $600, Transport $400, Utilities $200, Insurance $150, Other $500. Total expenses = $3,350. Monthly surplus = $1,650 (33% savings rate).
  • $3,200 monthly income: Housing $1,000, Food $400, Transport $250, Utilities $150, Insurance $100, Other $300. Total expenses = $2,200. Monthly surplus = $1,000 (31% savings rate).
  • $2,800 monthly income: Housing $1,200, Food $500, Transport $350, Utilities $200, Insurance $100, Other $400. Total expenses = $2,750. Monthly surplus = $50 (tight budget, consider cutting other expenses).

Frequently Asked Questions

How do I create a monthly budget?
List all your income sources and all your expenses. Subtract expenses from income. A positive number means you have a surplus — great for saving or investing. A negative number means you have a deficit — time to cut expenses or increase income.

What is the 50/30/20 budget rule?
The 50/30/20 rule allocates 50% of income to needs (housing, food, utilities), 30% to wants (entertainment, dining out), and 20% to savings and debt repayment. Our calculator can help you see how your spending aligns with this popular guideline.

How much should I budget for groceries?
A typical grocery budget is $200-$400 per person per month, depending on location and dietary preferences. For a family of four, expect $600-$1,200 per month. Meal planning and bulk buying can help reduce costs.

What is an emergency fund and how much should I save?
An emergency fund is money set aside for unexpected expenses like car repairs or medical bills. Most experts recommend saving 3-6 months of living expenses in an easily accessible savings account. Start small — even $500 can make a difference.

What is the 50/30/20 budget rule?
The 50/30/20 rule suggests spending 50% of income on needs, 30% on wants, and 20% on savings and debt repayment. It's a simple framework for balancing your financial priorities without getting overwhelmed by details.

Also check our Retirement Calculator and Compound Interest Calculator.