Budget Planner
Split monthly income across five buckets and instantly see leftover cash, savings rate, and a 50/30/20 verdict.
Plan a monthly budget instantly. Free online budget planner with housing, food, transport, savings split and 50/30/20 comparison.
Calculator Inputs
About Budget Plan
Split monthly income across five buckets and instantly see leftover cash, savings rate, and a 50/30/20 verdict.
Enter take-home pay and five buckets: housing, food, transport, everything else, and planned savings. The planner totals spending, shows what is left, computes your savings rate, and grades the plan against the 50/30/20 rule (≤50% needs, ≥20% savings).
A negative leftover means the plan cannot work as written — cut wants before touching savings. Revisit monthly; budgets are living documents. All math runs in your browser.
Where it is used
First-time budgeters, households rebalancing after a move or baby, and freelancers smoothing irregular income.
How to use the Budget Plan
- Monthly Income (after tax) — enter the value (e.g. 5000).
- Housing (rent/EMI) — enter the value (e.g. 1500).
- Food & Groceries — enter the value (e.g. 600).
- Transport — enter the value (e.g. 300).
- Everything Else — enter the value (e.g. 800).
- Planned Savings — enter the value (e.g. 1000).
- Calculate — press the Calculate button to see the result instantly above.
Formula
Leftover = income − all buckets. Savings rate = savings / income. Compare vs 50/30/20.
Examples
Example
Frequently Asked Questions
- What is the 50/30/20 rule?
- Spend ≤50% on needs, ≤30% on wants, and save ≥20%. It is a guideline, not law — high-rent cities routinely bend the needs share.
- Should savings come first?
- Yes — "pay yourself first" by moving savings out on payday. Budgeting leftovers rarely leaves anything to save.
- My leftover is negative — what now?
- Cut wants first (dining, subscriptions), then renegotiate big fixed costs (rent, car). Never cut savings to zero if avoidable.