Household Budget Calculator
Calculate your monthly household budget with our comprehensive calculator. Track income, expenses, and savings to optimize your financial planning and reach your financial goals.
Step 1: Income Sources
Income Planning Tips
Include all reliable income sources: salaries, freelance work, investments, and government benefits. Be realistic about variable income by averaging the last 6-12 months.
Step 2: Expenses
Budgeting Guidelines
Following the 50/30/20 rule: 50% for needs, 30% for wants, and 20% for savings. Adjust these percentages based on your financial goals and local cost of living.
Budget Analysis Results
Monthly Budget Balance
Budget Category Comparison
| Budget Category | Amount | % of Income | Recommended % |
|---|
Expense Category Breakdown
Budgeting Formula
Budget Balance = Total Income – (Total Expenses + Savings Goal)
To calculate your monthly budget balance: Add all income sources, subtract all expenses, then subtract your planned savings. A positive result indicates a surplus, negative indicates a deficit.
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