Budget Calculator
Create and manage your monthly budget with detailed income and expense tracking to achieve your financial goals.
Calculator
Enter your information to calculate results
Monthly Income
Monthly Expenses
Excellent Budget Health
You're saving over 20% of your income. Great job!
How It Works
The Budget Calculator helps you track income and expenses to understand your financial health:
Net Income = Total Income - Total Expenses
Savings Rate = (Net Income / Total Income) × 100
Key Components:
- Income Tracking: Add all sources of monthly income
- Expense Categories: Track all monthly expenses by category
- Savings Rate: Percentage of income available for savings
- Budget Health: Assessment based on savings rate
Examples
Example 1: Healthy Budget
Monthly Income: $6,000
Total Expenses: $4,500
Net Income: $1,500
Savings Rate: 25% (Excellent)
Example 2: Budget Deficit
Monthly Income: $4,000
Total Expenses: $4,500
Net Income: -$500
Savings Rate: -12.5% (Crisis)
Compare
Budget Health Guidelines:
Recommended Budget Allocation
Savings Rate Health
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