// PERSONAL FINANCE

Budget Calculator

Use this free budget calculator to enter your income and expenses and see exactly where your money goes, your savings rate and your daily spending limit.

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MONTHLY EXPENSES

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Total Expenses
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Left Over
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Savings Rate
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Daily Budget

    How to use this budget calculator

    Enter your monthly take-home pay after tax, then fill in what you spend in each category. Your bank statements give the most accurate numbers. Press Calculate to see what is left over, your savings rate and a daily spending limit.

    A healthy target is saving at least 20% of your take-home pay, the "20" in the 50/30/20 rule. If the budget calculator shows a deficit, start with subscriptions and other flexible spending before touching essentials. For more budgeting help, see the free guides from the Consumer Financial Protection Bureau or MoneyHelper.

    Frequently Asked Questions

    What is a good savings rate?
    Financial experts recommend saving at least 20% of your take-home income. Even 10% is a solid start if you're paying off debt. The 50/30/20 rule (50% needs, 30% wants, 20% savings) is a popular framework for Gen Z and Millennials.
    How do I use this budget calculator?
    Enter your monthly take-home pay (after tax), then fill in your monthly expenses in each category. Hit Calculate and you'll see your leftover amount, savings rate, and a full breakdown of where your money goes.
    What if I'm spending more than I earn?
    A negative balance means you're in a deficit. Start by cutting subscriptions and entertainment, then look at your biggest fixed costs. Even small changes — $50 less on dining out — compound significantly over a year.