Monthly Budget Planner
Enter your income and monthly expenses to see your surplus or deficit, savings rate, and a visual breakdown of where your money goes. Compare against the 50/30/20 rule.
Expense Breakdown
Monthly Expenses
50/30/20 Rule Comparison
A popular guideline: 50% needs, 30% wants, 20% savings.
Budget figures are estimates. For investment planning, consult a certified financial planner.
Frequently Asked Questions
What is the 50/30/20 budgeting rule?
The 50/30/20 rule is a simple budgeting guideline: spend 50% of your after-tax income on needs (rent, food, utilities, transport), 30% on wants (entertainment, dining out, subscriptions), and save or invest 20%. It's a starting point, not a rigid rule — adapt it to your income level and financial goals.
What is a good savings rate?
Financial planners generally recommend saving at least 20% of your income. For early retirement goals (FIRE), 40–60% is targeted. Even a 10% savings rate is a solid start if you are just beginning. The most important thing is to automate savings and increase the rate gradually over time.
How do I use this budget planner?
Enter your monthly take-home income at the top, then edit the expense categories with your actual spending amounts. You can rename categories, remove ones that don't apply, and add new ones. The chart and surplus/deficit figure update instantly as you type.
Should I include EMI payments in my budget?
Yes. All EMIs (home loan, car loan, personal loan) should be included in your budget under a "Loan EMIs" or "Debt Repayment" category. Financial advisors recommend keeping total EMI payments below 40% of your take-home income.
Is my budget data saved?
No data is stored or transmitted. Everything runs in your browser and is reset when you reload the page. For persistent tracking, you can take a screenshot or export your numbers to a spreadsheet.