Budget Calculator
Take control of your finances with our comprehensive budget calculator. Track income, manage expenses, and achieve your savings goals.
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Your Budget Summary
50/30/20 Budget Analysis
Expense Breakdown
Budget Insights
The 50/30/20 Budget Rule
A popular budgeting method that allocates your income into three main categories for balanced financial management.
50% Needs: Housing, utilities, food, transportation, insurance
30% Wants: Entertainment, dining out, shopping, hobbies
20% Savings: Emergency fund, retirement, debt repayment
Budget Categories
Fixed Expenses
Regular monthly bills that don't change much (rent, utilities, insurance)
Variable Expenses
Costs that fluctuate monthly (groceries, gas, entertainment)
Discretionary Spending
Non-essential purchases (dining out, shopping, hobbies)
Savings & Debt
Emergency fund, retirement contributions, debt payments
Pro Tips
Track every expense for at least one month to understand your spending patterns
Set up automatic transfers to savings accounts to pay yourself first
Review and adjust your budget monthly to stay on track with your goals
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