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Budget Calculator
Create a balanced monthly budget using the popular 50/30/20 rule or customize your own allocation to match your financial goals.
Monthly Income
Enter your total monthly take-home pay (after taxes)
$
Budget Method
Needs50%
Essential expenses (housing, food, utilities)
Wants30%
Discretionary spending (entertainment, dining out)
Savings20%
Emergency fund, retirement, investments
Needs (Essential)
$2,850Housing (Rent/Mortgage)
$
Utilities
$
Groceries
$
Transportation
$
Insurance
$
Debt Payments
$
Wants (Discretionary)
$700Entertainment
$
Dining Out
$
Shopping
$
Subscriptions
$
Savings & Investments
$900Emergency Fund
$
Retirement (401k, IRA)
$
Other Savings/Investments
$
The 50/30/20 Rule
A simple budgeting framework: 50% for needs, 30% for wants, and 20% for savings. It's flexible and easy to follow for most people.
Track & Adjust
Review your budget monthly and adjust as needed. Your financial situation changes, and your budget should too.
Automate Savings
Set up automatic transfers to your savings and investment accounts. Pay yourself first before spending on wants.