Simple Budget Planner
Visualize where your money goes and identifies the "invisible" holes in your bucket—the forgotten subscriptions and incidental spends.
Calculator Settings
Total Breakdown
All About Simple Budget Planner
The first step to wealth is knowing where your money goes. This tool helps you categorize your spending and identify how much you can truly afford to save each month.
How to Use This Tool
Enter your total monthly take-home pay (after taxes).
Input your major fixed costs (Rent/Mortgage).
Enter estimated monthly costs for food, transport, and utilities.
Add up your miscellaneous spending (Entertainment, Subscriptions).
Review your total expenses, your remaining surplus, and your overall savings rate.
Practical Example
With an income of $5,000 and total expenses of $3,500, your savings rate is 30%.
Common Questions
What is a 'good' savings rate?
While anything above zero is a start, a rate of 20% is considered healthy, and 50% or more is excellent for rapid wealth building.
How do I handle irregular expenses?
Sum up your irregular annual costs (like car insurance) and divide by 12 to create a 'virtual' monthly expense in your budget.
Is it better to pay off debt or save?
Prioritize debt if the interest rate is high (above 7-8%). Otherwise, aim to build a small emergency fund first.