Budgeting Calculator
Track your income and expenses to create a balanced budget
Income Sources
Add all your income sources and their frequency
Total Monthly Income:$5,000
Monthly Expenses
Organize your expenses by category
Budget Summary
Your monthly financial overview
Total Income$5,000
Total Expenses$4,070
Net Income$930
Savings Rate18.6%
Expense Breakdown
Percentage of income by category
Housing$1,800 (36.0%)
Transportation$670 (13.4%)
Food$700 (14.0%)
Personal$200 (4.0%)
Financial$700 (14.0%)
Other$0 (0.0%)
Budget Analysis
Recommendations based on your budget
Housing costs are high
Your housing expenses are 36.0% of your income. Financial experts recommend keeping housing costs below 30%.
Consider increasing savings
You're saving 14.0% of your income. Try to aim for at least 20% to build financial security.
50/30/20 Budget Rule
50% Needs (Housing, Food, Transportation)$2,500
30% Wants (Entertainment, Dining)$1,500
20% Savings (Emergency, Investments)$1,000