Budget Calculator
Create a comprehensive budget using the 50/30/20 rule and other proven budgeting methods.
Income & Method
Budget Breakdown
Needs
$0Essential expenses you can't avoid
Wants
$0Discretionary spending and lifestyle choices
Savings & Debt
$0Building wealth and paying off debt
Enter your income to create a budget
Track Expenses
Recent Expenses
Spending Summary
Create a budget first to start tracking expenses
Budgeting Methods Explained
50/30/20 Rule
Allocate 50% to needs, 30% to wants, and 20% to savings and debt repayment. This simple rule works well for most people and provides a balanced approach to budgeting.
Zero-Based Budget
Every dollar is assigned a purpose before the month begins. Income minus expenses should equal zero, ensuring every dollar is accounted for and working toward your goals.
Envelope Method
Allocate cash to different spending categories (envelopes). When an envelope is empty, you're done spending in that category for the month. Great for controlling discretionary spending.
About this calculator
A budget compares monthly after-tax income with essential spending, discretionary spending, debt payments, and savings.
Basic formula: Monthly remainder = monthly income - total monthly expenses.
This free tool provides an estimate from the values you enter so you can compare scenarios and make more informed planning decisions. Results can differ from employer payroll systems, tax filings, lender calculations, or professional advice.
For paycheck and tax estimates, review our calculation methodology and official IRS and SSA sources. Tax rules and limits can change, so verify important decisions with the relevant authority or a qualified professional.
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Transparent and privacy-conscious
We explain calculator limitations, link to source material where relevant, and provide clear privacy and disclaimer pages. Do not enter sensitive identifiers such as Social Security numbers.