Budget Calculator
Use this free Budget Calculator to plan your monthly income and expenses. Simple, accurate, and easy to use for better personal finance.
The Budget Calculator is a fundamental tool for personal finance management. It provides a clear snapshot of your financial health by tracking your monthly income against your recurring expenses.
Budgeting is not about restriction; it is about awareness. By categorizing your spending, this tool helps you identify leaks, prioritize savings, and ensure you are living within your means.
Fincalculator
INPUT VALUES
When to Use This Calculator
How to Use the Budget Calculator:
- Enter Income: Input your total monthly take-home pay (after tax).
- Housing & Utilities: Add your rent/mortgage and essential bills.
- Living Expenses: Estimate costs for food, transport, and personal items.
- Savings: Treat savings as an expense—pay yourself first!
All values should be monthly figures. If you have an annual expense (like car insurance), divide it by 12.
Example Scenario
Income: $4,000.
Expenses:
- Housing: $1,500
- Transport: $400
- Food: $600
- Personal/Misc: $300
- Savings: $500
Total Expenses: $3,300.
Remaining Balance: $700.
This is a Surplus budget. You have extra cash flow to increase investments or pay down debt faster.