Budget Calculator
Plan your monthly budget by entering income and expenses. See your surplus or deficit instantly, with a breakdown by category.
Monthly Income
$5,000.00
Monthly Expenses
$4,810.00
Monthly Surplus
+$190.00
Annual Net
+$2,280.00
Income$5,000.00/mo
Employment$5,000.00/mo
$
$
$
Investments & Other$0.00/mo
$
$
$
Expenses$4,810.00/mo
Housing & Utilities$1,840.00/mo
$
$
$
$
$
$
Transportation$700.00/mo
$
$
$
$
$
Food$660.00/mo
$
$
$
Other Debt Payments$300.00/mo
$
$
$
Healthcare$290.00/mo
$
$
$
$
Children & Education$0.00/mo
$
$
$
Savings & Investments$500.00/mo
$
$
$
Personal & Lifestyle$520.00/mo
$
$
$
$
$
$
$
$
$
Expense Breakdown
- Housing & Utilities
- Transportation
- Food
- Other Debt Payments
- Healthcare
- Savings & Investments
- Personal & Lifestyle
Category Summary
Housing & Utilities$1,840.0036.8%
Transportation$700.0014.0%
Food$660.0013.2%
Other Debt Payments$300.006.0%
Healthcare$290.005.8%
Savings & Investments$500.0010.0%
Personal & Lifestyle$520.0010.4%
Total Expenses$4,810.0096.2%
Budget Health
Housing ≤ 30%36.8% ✗
Transportation ≤ 15%14.0% ✓
Food ≤ 15%13.2% ✓
Savings ≥ 15%10.0% ✗
50/30/20 Rule
- 50% — Needs (housing, food, utilities, insurance)
- 30% — Wants (dining, entertainment, travel)
- 20% — Savings & debt repayment
Budget Calculator
Generated June 9, 2026Monthly Income
$5,000.00
Monthly Expenses
$4,810.00
Surplus
+$190.00
Annual Net
+$2,280.00
Income
| Item | Monthly | Annual |
|---|---|---|
| Salary / Wages | $5,000.00 | $60,000.00 |
| Total Income | $5,000.00 | $60,000.00 |
Expenses by Category
| Category | Monthly | Annual | % of Income |
|---|---|---|---|
| Housing & Utilities | $1,840.00 | $22,080.00 | 36.8% |
| Transportation | $700.00 | $8,400.00 | 14.0% |
| Food | $660.00 | $7,920.00 | 13.2% |
| Other Debt Payments | $300.00 | $3,600.00 | 6.0% |
| Healthcare | $290.00 | $3,480.00 | 5.8% |
| Savings & Investments | $500.00 | $6,000.00 | 10.0% |
| Personal & Lifestyle | $520.00 | $6,240.00 | 10.4% |
| Total Expenses | $4,810.00 | $57,720.00 | 96.2% |
Understanding Your Budget
Housing Rule
Financial advisors generally recommend keeping housing costs — rent or mortgage plus utilities — at no more than 30% of gross monthly income.
Emergency Fund
Aim to have 3–6 months of expenses in an easily accessible savings account. Even contributing a small amount each month builds a meaningful cushion over time.
Surplus Strategy
If you have a surplus, prioritize: (1) pay off high-interest debt, (2) build an emergency fund, (3) max retirement contributions, then invest the rest.