Budget Planner

Plan and track your monthly budget with income and expense categories

Monthly Income

Enter your total monthly income after taxes.

£

Your total monthly take-home pay

Results

Monthly Expenses

Break down your monthly expenses by category.

£

Rent, mortgage, property taxes, insurance

£

Car payments, gas, insurance, public transit

£

Groceries, dining out, meal delivery

£

Electricity, water, gas, internet, phone

£

Movies, streaming, hobbies, recreation

£

Insurance, medications, doctor visits

£

Emergency fund, retirement, investments

£

Miscellaneous expenses not covered above

Budgeting Best Practices

  • 50/30/20 Rule: Allocate 50% to needs, 30% to wants, and 20% to savings
  • Track Your Spending: Monitor where your money goes for at least a month
  • Emergency Fund: Save 3-6 months of expenses for unexpected situations
  • Automate Savings: Set up automatic transfers to make saving effortless
  • Review Regularly: Adjust your budget monthly based on changes in income or expenses

Budget Categories Guide

  • Housing (25-30%): Rent, mortgage, property taxes, insurance, utilities
  • Transportation (10-15%): Car payment, gas, maintenance, insurance
  • Food (10-15%): Groceries, dining out, meal delivery services
  • Savings (20%+): Emergency fund, retirement, investments
  • Entertainment (5-10%): Movies, hobbies, subscriptions, recreation
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