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Simple Budget Calculator
Add income and expenses to calculate your monthly surplus or deficit.
Income
$
Total Income: $3,000.00
Expenses
$
$
Total Expenses: $1,400.00
Monthly Summary
Income: $3,000.00
Expenses: $1,400.00
Monthly Balance: $1,600.00
You have a monthly surplus
Annual Projection: $19,200.00
Budget Breakdown
Budgeting Tips
- Aim to save at least 20% of your monthly income
- Consider using the 50/30/20 rule: 50% for needs, 30% for wants, 20% for savings
- Track your spending regularly to identify areas where you can cut back
- Build an emergency fund that covers 3-6 months of expenses
Common Budget Categories
Housing
- • Rent or Mortgage
- • Property Taxes
- • Home Insurance
- • Maintenance
Utilities
- • Electricity
- • Water
- • Gas
- • Internet
- • Phone
Transportation
- • Car Payment
- • Insurance
- • Fuel
- • Maintenance
- • Public Transit
Food
- • Groceries
- • Dining Out
- • Coffee/Snacks
Health
- • Insurance
- • Medications
- • Doctor Visits
- • Gym Membership
Savings
- • Emergency Fund
- • Retirement
- • Investments
- • Specific Goals