Budget Calculator
Build a simple monthly budget by listing your income and expenses to see where your money goes.
Calculator
You have $800 left over each month.
Monthly income
$4,000
Total expenses
$3,200
Remaining
$800
Savings rate
20.00%
Projection
What is budget?
A budget is a plan for your money. This calculator adds up your monthly income and expenses so you can see exactly how much is left over — or how much you need to cut.
Example
If your take-home pay is $4,000 and your expenses total $3,200, you have $800 left to save, invest, or put toward debt.
Money-saving tips
- •Track every expense for one month before building your budget — most people forget small recurring charges.
- •Budget to zero: give every dollar a job so nothing slips through the cracks.
- •Review and adjust your budget monthly as income and expenses change.
Common mistakes
- •Forgetting irregular expenses like car insurance or annual subscriptions.
- •Not budgeting for fun, which leads to giving up on the plan.
Financial definitions
- Take-home pay
- Your income after taxes and deductions are taken out.
- Fixed expenses
- Costs that stay the same each month, like rent.
Frequently asked questions
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Savings Goal Calculator
Figure out how much to save each month to reach a savings goal by a target date.
Estimated reading time: 5 min