Budget Calculator

Plan your monthly budget and track expenses

Income

Monthly Income ($)

Additional Income ($)

Savings Goal (%)

Total Income$0.00

Expenses

Total Expenses$0.00

Budgeting Tips

Follow the 50/30/20 rule: 50% needs, 30% wants, 20% savings
Track every expense for at least one month to understand your spending
Build an emergency fund of 3-6 months of expenses
Review and adjust your budget monthly

Interesting Facts About Budgeting

📊

Only 32% of American households maintain a detailed monthly budget

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The 50/30/20 rule was popularized by Senator Elizabeth Warren

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Housing should ideally be no more than 30% of gross income

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Subscription creep costs average Americans $219/month on unused services

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The average household spends $8,000+ annually on dining out

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Zero-based budgeting assigns every dollar a purpose before spending

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People who track expenses spend 20% less than those who don't

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Budgeting apps can help reduce overspending by 15-20%