Budget Planner
Create a personalized budget based on your income and expenses
Income
Enter all sources of income
Income Source
$
Income Source
$
Expenses
Enter your regular expenses
Expense
$
Expense
$
Expense
$
Expense
$
Expense
$
Expense
$
Expense
$
Expense
$
Savings Goal
Set your monthly savings target
$
Budget Summary
Based on your income and expenses
Monthly Income
$4,500
Monthly Expenses
$3,000
Monthly Surplus
$1,500
Housing$1,700
37.8% of income
Food$600
13.3% of income
Transportation$450
10.0% of income
Insurance$200
4.4% of income
Entertainment$50
1.1% of income
Total Expenses$3,000
Percentage of Income66.7%
About Budgeting
A budget is a financial plan that helps you track your income, expenses, and savings. It's a powerful tool for achieving your financial goals, whether you're saving for a vacation, paying off debt, or building an emergency fund.
Budgeting Tips
- Track your spending for at least a month to understand your habits
- Prioritize paying off high-interest debt
- Build an emergency fund with 3-6 months of expenses
- Review and adjust your budget regularly
- Use the 50/30/20 rule as a starting point, but customize it to your needs
- Automate your savings to make it easier to stick to your budget
Common Budgeting Methods
- 50/30/20 Budget: 50% needs, 30% wants, 20% savings
- Zero-Based Budget: Every dollar has a job, income minus expenses equals zero
- Envelope System: Cash in envelopes for different spending categories
- Pay Yourself First: Set aside savings before spending on anything else
- Values-Based Budget: Align spending with your personal values and priorities