Your Result
About the Budget Calculator
The Budget Calculator totals your monthly income and expenses, then shows your net cash flow and how much you can save each month. You enter amounts, and the output is a clear budget summary with a surplus or deficit figure.
The calculation is straightforward: it sums every income entry, sums expenses by category, and subtracts the totals to produce your monthly balance. It also reports your savings rate as a percentage of income. Required inputs include pay, side income, housing, utilities, food, transport, debt payments, and any other recurring costs. For accuracy, pull figures from recent bank statements instead of guessing, and use the 50/30/20 guideline (50% needs, 30% wants, 20% savings) as a reference point. For major financial decisions, consider a professional advisor.
- Enter your monthly income from all sources.
- Add each expense and assign it a category.
- Set a savings goal and review the resulting balance.