🧾 Budget Planner
Enter your monthly income and expenses to see what's left over, your savings rate, and how your spending stacks up against the 50/30/20 split of needs, wants, and savings.
💷 Your Month, Balanced
What is a Budget Planner?
A budget planner turns your income and a handful of spending categories into a clear picture of where your money goes each month. It totals your expenses, shows what's left after they're covered, and measures how much you're putting toward savings — then groups everything into needs and wants so you can see, at a glance, whether your budget lines up with the proven 50/30/20 framework.
Use it to find room to save, rein in overspending, or pressure-test a budget before a big change. The results are general informational estimates, not professional tax, accounting, or financial advice — consult a CPA or financial advisor for tailored guidance.
❓ Frequently Asked Questions
How does the budget planner work?
You enter your monthly income and how much you spend across nine categories — housing, transportation, food, utilities, insurance, debt payments, entertainment, savings, and other. It totals those expenses, subtracts them from your income to show what's left, calculates your savings rate, and groups spending into needs and wants so you can see how your budget compares with the 50/30/20 rule.
What is the 50/30/20 budget rule?
It's a simple guideline that suggests devoting about 50% of after-tax income to needs (housing, transportation, food, utilities, insurance, minimum debt payments), 30% to wants (entertainment, dining out, discretionary extras), and 20% to savings and extra debt payoff. It's a starting framework, not a strict rule — adjust the proportions to fit your goals and cost of living.
What's a good savings rate?
Many planners suggest aiming for at least 20% of income toward savings and debt payoff, which is the savings slice of the 50/30/20 rule. The right figure depends on your goals, timeline, and obligations — saving more accelerates milestones like an emergency fund, a down payment, or retirement. The planner shows your current rate so you can track it.
Should I treat this as financial advice?
No. The budget planner is a general informational tool to help you see your cash flow at a glance, not professional tax, accounting, or financial advice. For decisions about debt, taxes, or investments, consult a CPA or financial advisor.