Expense Categorization Calculator
Categorize your expenses, analyze spending patterns, and visualize budget allocation across major expense categories. Convert between currencies and track your financial health.
Step 1: Input Your Expenses
Expense Categorization Tips
Track all your expenses for at least one month to get an accurate picture of your spending habits. Use the notes field to add details about specific expenses within each category.
Step 2: Analysis Options
Budgeting Guidelines
50/30/20 Rule: 50% Needs, 30% Wants, 20% Savings
Housing: Aim for ≤30% of income
Transportation: Recommended ≤15% of income
Food: Typically 10-15% of income
Expense Analysis Results
Total Monthly Expenses
Expense Category Breakdown
| Category | Amount | % of Expenses | % of Income | Guideline |
|---|
Personalized Budgeting Tips
Housing Expenses
Your spending: 34.3% of income
Recommendation: Aim for ≤30% of income
Tip: Consider downsizing or finding a roommate if housing costs exceed 30% of your income.
Food & Dining
Your spending: 14.3% of income
Recommendation:
Tip: You’re within the recommended range. Consider meal planning to potentially reduce costs further.
Transportation
Your spending: 8.6% of income
Recommendation:
Tip: Good job! Your transportation costs are well within the recommended range.
Overall Savings
Your savings rate: 37.1% of income
Recommendation:
Tip: Excellent! You’re saving significantly more than the recommended 20%. Consider investing some of these savings.
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