Budget Calculator | calcu.online
Plan your monthly expenses and track your spending habits effectively.
Calculator Inputs
Add New Item
Income
Expenses
Results
Total Income
$3000.00
Total Expenses
$1600.00
Net Balance (Income - Expenses)
$1400.00
How to Use the Budget Calculator
- Add Items: Start by adding your sources of income (like salary) and all your monthly expenses (like rent, groceries, and utilities) using the "Add New Item" form.
- Adjust as Needed: You can edit the name and amount of any item directly in the lists or remove them entirely by clicking the 'X' button.
- View Your Summary: The results panel updates in real-time, showing your total income, total expenses, and your net balance. A positive balance means you're earning more than you spend, while a negative balance indicates an opportunity to adjust your spending.
Frequently Asked Questions
What is the 50/30/20 budget rule?
It's a popular guideline for managing your after-tax income. You allocate 50% to needs (like rent and groceries), 30% to wants (like hobbies and dining out), and 20% to savings and debt repayment. It's a simple way to gain control over your finances.
How often should I review my budget?
It's a good practice to review your budget at least once a month. This helps you stay on track with your financial goals, adjust for any unexpected expenses, and identify new opportunities to save money.