Budget Calculator
Create and analyze your monthly budget
$
Total Expenses
$4,400.00
73% of income
Remaining
$1,600.00
Budget Health
Needs work
8% savings rate
Housing25% (rec: 28%)
$
Transportation8% (rec: 12%)
$
Food10% (rec: 12%)
$
Utilities3% (rec: 5%)
$
Insurance5% (rec: 10%)
$
Healthcare3% (rec: 5%)
$
Savings8% (rec: 15%)
$
Debt Payments5% (rec: 5%)
$
Entertainment3% (rec: 5%)
$
Personal3% (rec: 5%)
$
50/30/20 Budget Analysis
Needs (Target: 50%)54%
Housing, food, utilities, transportation, insurance, healthcare
Wants (Target: 30%)6%
Entertainment, personal spending, subscriptions
Savings & Debt (Target: 20%)13%
Emergency fund, retirement, debt payoff, investments
Monthly Budget Summary
| Category | Amount | % of Income |
|---|---|---|
| Housing | $1,500.00 | 25.0% |
| Transportation | $500.00 | 8.3% |
| Food | $600.00 | 10.0% |
| Utilities | $200.00 | 3.3% |
| Insurance | $300.00 | 5.0% |
| Healthcare | $150.00 | 2.5% |
| Savings | $500.00 | 8.3% |
| Debt Payments | $300.00 | 5.0% |
| Entertainment | $200.00 | 3.3% |
| Personal | $150.00 | 2.5% |
| Total Expenses | $4,400.00 | 73.3% |
| Remaining | $1,600.00 | 26.7% |
Budgeting Tips
- Track your spending for a month before creating a budget
- Pay yourself first - automate savings transfers on payday
- Build an emergency fund of 3-6 months of expenses
- Review and adjust your budget monthly
- Use separate accounts for different purposes (bills, savings, spending)
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