Monthly Budget Calculator
Track your income, expenses, and savings goals across different currencies. Analyze spending patterns and optimize your financial planning.
£
Step 1: Income & Fixed Expenses
£3,000
Housing Expenses
£1,200
Rent/Mortgage
Utilities
Home Insurance
Transportation
£350
Car Payment
Fuel/Public Transit
Car Insurance
Budgeting Tip
Try to keep fixed expenses (housing, transportation, insurance) below 50% of your net income to maintain financial flexibility.
Step 2: Variable Expenses & Savings
Living Expenses
£600
Groceries
Dining Out
Entertainment
Shopping
Personal & Health
£200
Healthcare
Personal Care
Subscriptions
20%
£200
Savings Target
Aim to save at least 20% of your income each month. This includes retirement savings, emergency funds, and other financial goals.
Monthly Budget Summary
Summary
Expense Breakdown
Budget Analysis
Monthly Budget Balance
£650
Remaining after all expenses and savings
Total Income
£3,000
Total Expenses
£2,350
Savings Rate
20%
Savings Amount
£600
Expense Breakdown by Category
| Category | Amount | % of Income | Budget Status |
|---|
Budget Analysis
Budgeting Guidelines
50/30/20 Rule
50% of income for needs, 30% for wants, and 20% for savings/debt repayment. Use this as a guideline to balance your budget effectively.
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