Budget Calculator
Compare monthly take-home income with recurring expenses and planned savings.
Monthly amounts
Detailed Breakdown
Enter monthly amounts
Use take-home income after deductions, and enter average monthly housing, utility, food, transport, debt, and other expenses. Convert irregular bills to a monthly average before entering them.
Read the summary
Total expenses are the sum of the expense fields. Left over = take-home income - total expenses - planned savings. A negative result means the listed plan is above available income.
Savings rate
Savings rate is planned monthly savings divided by take-home monthly income. It is a descriptive ratio, not a recommended target.
Limits
This worksheet does not estimate taxes, irregular expenses, investment returns, or local cost-of-living needs. Review the categories against your actual statements and bills.
Examples
If monthly take-home income is 5,000, listed expenses total 3,500, and planned savings are 500, the unallocated amount is 1,000 and the planned savings rate is 10%.
FAQ
Should I enter gross or take-home income?
Use take-home income so the result reflects money available after payroll deductions.
How should I handle bills paid once or twice a year?
Convert each irregular bill to an average monthly amount by dividing its expected yearly total by 12.
What does a negative amount left over mean?
The expenses and planned savings entered exceed income. Review the entries and consider testing a different spending or savings plan.
Related Calculators
- Savings Goal Calculator — estimate a monthly contribution for a target.
- Debt-to-Income Ratio Calculator — compare monthly debt obligations with income.
- Debt Payoff Calculator — build a payoff plan for multiple balances.
Internal links: use the Savings Goal Calculator to plan a goal or the Debt Payoff Calculator to explore repayment options.