Budget Calculator
Free online Budget Calculator.
Calculator
How to Use
- Enter the required values
- Click Calculate to see the result
- Review the detailed output
Formula
50/30/20 Rule: Needs(50%) + Wants(30%) + Savings(20%) = Income(100%). Surplus = Income - Expenses. Housing <= 30% of gross income. Emergency fund: 3-6 months expenses.
Example Calculations
50/30/20 Rule
Input: Monthly income: $5,000
Result: Needs: $2,500, Wants: $1,500, Savings: $1,000
Expense Breakdown
Input: Income: $4,000, Rent: $1,200, Food: $500, Other: $1,800
Result: Surplus: $500, Housing ratio: 30%
Debt Payoff
Input: Income: $3,500, Expenses: $3,000, Debt: $5,000 at 18%
Result: $500/month payoff in 11 months
About This Calculator
Free online budget calculator. Calculate instantly in your browser with our easy-to-use tool. No sign-up required.
Our budget calculator is free, easy to use, and provides instant results. All calculations are performed in your browser for privacy and speed.
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Frequently Asked Questions
50/30/20 rule?
50% needs (rent, food), 30% wants (entertainment), 20% savings and debt repayment.
Create monthly budget?
List income, categorize fixed/variable expenses, subtract from income, allocate surplus to savings.
Emergency fund size?
3-6 months essential expenses. Start with $1,000, build gradually in high-yield savings.
Income percentage for housing?
Guideline: max 30% of gross income on housing including rent, insurance, utilities.
Budget for irregular expenses?
Annual total / 12 = monthly set-aside. Prevents surprises from disrupting budget.