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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